The new African home of online retail giant Amazon will be located at a new mixed-used development at the River Club. The City of Cape Town has approved the R4 billion development plan, which will include both market-driven and affordable housing opportunities in addition to the commercial facilities.
The affordable housing in the development will be physically integrated and mixed among the other residential units in the various planned apartment complexes.
The development will be spread across two precincts, split among commercial and residential uses, and will total around 150,000 square metres. About 32,000 square metres will be used for residential space. The City of Cape Town has said that the development will create 5,239 jobs during the construction phase, and a further 19,000 indirect jobs.
Otherwise, the development will include:
59,600 sqm office space
20,700 sqm retail space
8,200 sqm hotel
4,100 sqm gym
Restaurants, conferencing, school and events space
The developer stated that 20 percent of the residential floor space will be allocated for affordable housing opportunities
US retail giant, Amazon, will be the anchor tenant, opening a base of operations on the African continent
According to Dan Plato, the City of Cape Town mayor, “the planned mixed-use development will be a significant boost to the economy and the people of Cape Town in the aftermath of the national Covid-19 lockdown.”
“The city has carefully and thoroughly considered all of the submissions and concerns during the appeal process. We are acutely aware of the need to balance investment and job creation, along with heritage and planning considerations. It is clear that this development offers many economic, social and environmental benefits for the area. We are committed to driving investment to revitalise the economy, which is slowly recovering following the impact of Covid-19,” Plato said.