The rezoning of 35 000² the forecourt area on the western portion of Cape Town station adjacent to Adderley Street has been approved from a transport zone to general business, to develop a 120-room hotel, office and retail complex costing R1 billion. The construction is set to be complete for mid-2019 while the leasing agreement forecourt area between Prasa and the developers was still under discussion, it was expected that the complex would be leased for a period of 45 years.
Subject to Mayco approval, the rezoning paves the way for a consortium of three property developers to submit building plans for the development which will provide for over 27 000² of office space and 17 866² of retail area, 175 parking bays, and a 3 000² medium-range business hotel over three levels.
This is the third major upgrade the forecourt will undergo after the R408 million overhaul of the station for the 2010 World Cup, including the Adderley and Strand Street concourses which were completed in 2011, followed by the R126m redevelopment of the Parade forecourt, which was completed last year.
The development is to expected to promote business and economic opportunities within the City’s densification policy. There are concerns that the development will the increase of traffic to the area, however hotel guests are expected to travel throughout the day- not just in peak traffic times, while other employees are expected to take advantage of the very nearby public transportation.
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