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De Lille gives green light for R1bn Cape Town development

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An artist's impression of what the development will look like, cascading down on the side of the Bo-Kaap. (Supplied)
An artist's impression of what the development will look like, cascading down on the side of the Bo-Kaap. (Supplied)

Cape Town - Cape Town's Executive Mayor Patricia de Lille has given final approval for the development of a R1bn, multi-use development in Cape Town's CBD - between Riebeeck Square on Buitengracht and the historic Bo-Kaap neighbourhood.

The development is set to provide 4 000m² of retail space, lifestyle activities and 250 residential apartments. The building currently on the site houses a car dealership.

The developer of the property, Jose Rodrigues, told Fin24 it will target a Green Star rating by incorporating environmentally sensitive development and modern energy efficient technology. Construction could start in June or July this year. During the two-year construction phase he expects up to 500  direct and indirect jobs to be created.

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