R1 billion Cape Town development gets go ahead

Cape Town Mayor Patricia de Lille, last week gave the final approval for the development of a R1 billion, multi-use development in the CBD – between Riebeeck Square on Buitengracht Street 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.