A public participation process awaits approval from the City of Cape Town’s Council in December to release the iconic Good Hope Centre site for redevelopment to unlock its immense economic potential while promoting the heritage of this Mother City landmark.
Proposed features include a pedestrian-friendly forecourt,
ground-floor retail spaces, residential and commercial units, as well as structured
underground parking to maximise land use.
Mayoral Committee Member for Economic Growth, James Vos, said
the proposed redevelopment aims to balance heritage preservation with the
creation of a vibrant, modern precinct that meets Cape Town’s urban and
economic needs.
‘’Revitalising the Good Hope Centre through private sector
investment is critical to preserving its legacy while ensuring its optimal use
for the benefit of Cape Town residents. This approach will enable the site to
thrive as a functional and economically active space, contributing to our
city’s growth and prosperity.’’
‘’This proposed redevelopment project aligns with Cape
Town’s broader goals of economic growth, job creation, and attracting
investment, as outlined in the City’s Integrated Development Plan. It will
catalyse regeneration in the precinct, provide vibrant community spaces, and
secure long-term revenue for the City that can be ploughed back into services
and infrastructure delivery,’’ added Vos.
According to the City, the Good Hope Centre site is leased
on a month-to-month basis, generating R520 000 per month. Vos says private
sector investment is required to sustainably unlock the site’s economic
potential through mixed-use development.
The proposal now advances to the City Council on 5 December
for authorisation to commence public participation.
Done By: Mitchum George
No comments:
Post a Comment