Point Waterfront progress

2016-04-06 06:00

IT is all systems go for the Point waterfront development with the infrastructure roll-out plan for the Point Waterfront Development expected to begin in June, according to decisions made by the city Executive Committee last week.
A project update report on the development was tabled before the committee, outlining challenges and changes to the development.
A review of the framework plan was done in 2015 to address a number of identified shortcomings. This assisted in creating a new, more powerful vision for the area that would attract residents, workers and visitors. Critical to this new vision is a proposed increase in bulk rights to create a more dense and vibrant hub that anchors the southern end of the Point area.
The proposed increase in bulk rights potentially grants the developer, development rights up to 750 000 square metres. It is envisaged that this increase in bulk, together with other scheme amendments, would provide the necessary stimulus to renew interest in the Point area.
Approximately 200 000 square metres of the approved bulk has been developed. The remaining 550 000 square metres is still to be developed as well as the supporting infrastructure, which includes the proposed promenade extension from uShaka to Vetches Pier (harbour entrance channel), to create a wrap-around promenade.
Other proposed worldclass development includes high rise developments along the waterfront and buildings in excess of 55 storeys, incorporating innovative designs and materials as well as infrastructure which include roads, public transport, water, sewer and electricity, to support the development.
eThekwini Municipality will be responsible for providing the infrastructure including the elevated promenade to support the development.
This project is seen as one of the key catalysts for the regeneration of the entire inner-city providing housing, employment, commercial, retail and recreational facilities for eThekwini residents. In turn, the inner-city will be a catalyst for stimulating economic growth in the entire region and province. - Supplied.

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