Amdec Group aims to build an R8 billion mixed use development project on Cape Town’s Foreshore. The new development will take approximately a decade to complete and will involve an investment of approximately R8 billion.
On completion, the 5.8 hectare Harbour Arch will be contained in its own precinct, much like Melrose Arch, and will be home to seven individual tower blocks with a total of 200,000 square metres of usable space – making it the first and largest mixed-use development of its kind in the Cape Town CBD.
Phase 1 of the residential aspect of the project has already kicked off. Marriott and Amdec announced a partnership late last year whereby the hotel chain will use two blocks in the precinct for two new Marriott hotels.
Credit : BusinessTech