City of Cape Town has officially launched the public participation process for a proposed mixed-use development on Thursday, Feb 6, 2025 to drive economic and socio-economic advantages. The process proposal includes affordable housing and commercial opportunities that are situated on prime property in Green Point.
Reportedly, the property is situated at ‘1 Three Anchor Bay Road, Green Point’, which is remarkably well connected to key destinations along the Atlantic Seaboard and Cape Town CBD. The prime properties are also close to key landmarks such as the Sea Point Promenade, Cape Town Stadium and Urban Park and the V&A Waterfront.
The City of Cape Town envisages a mixed-used development to help drive economic and socio-economic benefits while increasing affordable housing in the area. City further intends to retain the existing community amenities such as the library service point and civic hall on the site, with the land release process set to identify parts of the site that may need to remain in public ownership to accommodate this.
Furthermore, the other current uses of the property include privately operated sports grounds and clubhouses, public parking, an electrical substation, an ECD and vacant undeveloped land that is used periodically as an informal market.
As per the sources, the City of Cape Town will also consider the possible inclusion of the existing tenants where feasible. There are four active leases in place on the site that will be based on the outcome of the planned specialist studies.
Currently, Cape Town has been engaging the tenants and will continue the engagement as part of the stakeholder participation process. However, all the existing use rights to the site are due to expire by September 2025.
Last year, in 2024, Mayco and Council approved the initiation of a public participation process for the proposed mixed-use development.
Notably, the service provider ‘Infinity’ has been appointed to manage the stakeholder engagement process that commences with the pre-registration process and will take place over the coming months.
Once registered, then the further communication will be sent out to inform the public of upcoming opportunities for further public participation.
Member of the Mayoral Committee for Economic Growth and Tourism – Alderman James Vos said that the City of Cape Town is committed to partner with the public, to help in driving economic and socio-economic benefits while increasing affordable housing in the area to benefit the Cape Town.
According to Alderman Vos, this is a long-term project which will include detailed studies to result in the best development plan for the site that resonates with the market, while advancing the socio-economic objectives of the city.
He mentioned that the city is seeking to realise the full market value of the land and expects to raise significant revenue from the land sale and future rates that contributes from the development, for reinvestment in service delivery and infrastructure upgrades throughout the metro.