Construction of a R1bn multi-use development is set to begin in the Cape Town CBD after the project was given the green light by city authorities. The development, which will be situated in the city centre between Riebeeck Square and the Bo-Kaap, will provide 4,000m² of retail, lifestyle activities space and 250 residential apartments within the city. The project will add to Cape Town’s construction boom. According to recent figures by the Central City Improvement District (CCID), a private-public partnership that provides urban management services in parts of Cape Town’s CBD, more than R8bn worth of construction is already earmarked for the city centre over the next four years. "We will completely transform the site, which is currently occupied by a nondescript concrete edifice that functions as a car dealership," said property developer, Jose Rodrigues. Construction is expected to commence in the middle of the year and the developers hope to complete the project within the next tw...

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