Planetizen Newswire
Keep up with essential planning news and commentary, delivered to your inbox every Monday and Thursday.
Cape Town CBD Flourishing
Major office and retail projects are adding new life to Cape Town's central business district. Though much investment centers around South Africa's 2010 World Cup, many expect the CBD investments to continue for years.
"Cape Town Partnership CEO Andrew Boraine says in the past seven years the cumulative investment into the city centre has touched R14-billion while another R24-billion is scheduled to be pumped into the area in the next three to five years."
"A sizeable chunk of this capital expenditure will develop public infrastructure ahead of the country's hosting of the World Cup Soccer in 2010 with projects including the Cape Town station refurbishment, station precinct redevelopment and a R500-million upgrade to the electrical infrastructure."
"However, Boraine says it is the office and retail accommodation investment that has generated the highest levels of excitement. Likening it to 'experiencing a retail revolution', he says the residential drive peaked at 3500 inner city apartments and the pendulum has returned to office accommodation."
Full Story:
Published on Wednesday, February 25, 2009 in
Topics
- Urban Planning Trends to Watch in 2020
- 'Guardian Cities' Calls it Quits
- Wetlands Bring New Life to the Salton Sea
- 'Missing Middle Housing Act' Would Allow More Housing Options in Nebraska Residential Areas
- When Cities Are Designed for Driving, Car Bans Are Not the Solution
- The Best-Selling Master Planned Communities of 2019
- The City as a Self-Organizing, Adaptive System – Part 2
- Opinion: No to the Oakland A's Stadium Project
- Metro L.A. Drafts Frequent Bus Service Plan
- Changes in Houston Over the Last Decade
- Report Explores Future of Seattle Interbay Armory Site
- Wyoming Legislation Would Add Tolls to Interstate 80
- Exploratory Scenario Planning, Explained
- Opportunity Zones Under Investigation by Treasury Inspector General
- Can Hydrogen Make a Comeback?
- S.F. Bay Area Driver Shortage, Canceled Trips and Routes
- Thorough, Impactful ADU Reform Proposed in Washington State
- Proposed Development Moratorium Near Chicago's 606 Linear Park Causes Political Spat
- Missing Middle Housing, Parking Reform Under Consideration in Raleigh
- A Major Makeover for Houston Street
