Real Estate Investor Magazine South Africa Real Estate Investor Magazine March 2018 | Page 48

INNER CITY Cape Town Gets a New Face Affordable housing at the centre of innovation F or as long as anyone can remember, the entrance to Cape Town has been marred by an unmissable fea- ture: the infamous incomplete bridge. An iconic part of the Mother City, it seems this will soon be replaced with a buzzing urban centre. In early February, the City announced the winning bid in stage one of the bidding process for the Foreshore Free- way Precinct - the culmination of a year-long process. Sev- en proposals were submitted in early 2017, with six being chosen to be exhibited to the public. The winning bid was made by Mitchell Du Plessis Projects, trading as Mitchell Du Plessis Associates (MDA). 46 MARCH 2018 SA Real Estate Investor Magazine Where According to the plans presented by MDA, the project will extend to four precincts covering approximately 6 hectares, namely the CTICC parking garage, the area between the existing bridges and DF Malan and Jan Smuts, the area between the existing freeways and Heerengracht and DF Malan, and the area between the existing freeways and Jan Smuts and Christiaan Barnard. The proposed plans will feature new viaducts, higher than the existing freeways. This, according to MDA, will ensure that the development will have enough natural light and airflow. The 11 tower blocks, home to approximately