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Housing development to be built on municipal parking lot in central Cape Town

The project will include “market-driven” affordable housing units

The municipal parking lot next to the civic centre in the centre of Cape Town is to be released for a mixed-use development. Photo supplied by the City of Cape Town.
The City of Cape Town council has approved the release of an “underutilised” parking lot adjacent to the Civic Centre for a mixed-use development that will include affordable housing.
A formal public participation process will now begin, after which bids will be invited to purchase the property. The estimated value of the land is R235-million.
“If the sale follows through, the proceeds from the sale will be diverted for maintenance or used to improve the Cape Town Civic Centre,” reads the report tabled before the council on Wednesday.
The…

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