INNER CITY
Bellville is the second metropolitan node of the City of Cape Town , and has significant potential to lead the City ’ s efforts at stimulating a countercyclical post pandemic economic recovery , future growth and development . However , its potential is hindered by declining investor confidence resulting from urban blight associated with crime and grime , observed lawlessness , and ailing municipal infrastructure .
In response to this malaise , the City has initiated various initiatives aimed at arresting Bellville ’ s decline . Recently , the Mayor announced the prioritisation of area stabilisation actions , which is being pursued on two fronts , namely : Precinct Management , and tactical urbanism initiatives of the City ’ s local implementing partner , the Greater Tygerberg Partnership .
The City ’ s efforts to stabilise the Bellville CBD is an important precursor to the implementation of the City ’ s long-term spatial vision for the regeneration of the Bellville CBD . This long-term development vision
aims to build on the areas ’ central location in the metropolitan area , and unique locational attributes , to unlock Bellville ’ s latent potential through transit-oriented development ( TOD ) to leverage opportunities for greater investment and partnership .
Bellville continues to offer many positive attributes that could be harnessed and built upon .
These Include :
• it is an active commercial centre that attracts over 300,000 commuters daily ;
• it is an established commercial , retail and industrial centre that services businesses from multinational corporates to small and medium-sized enterprises ;
• it is a centre of academic excellence and a medical hub , hosting three of Africa ’ s leading tertiary academic institutions ;
• it is home to Cape Town ’ s busiest public transport interchange ;
• it is culturally and socially diverse ; and
• it has well-established existing infrastructure .
SA Real Estate Investor Magazine NOV 2021 23