Cape Quarter commences renovations to the value of R300 million

The popular Cape Quarter Lifestyle Village in De Waterkant recently commenced with renovations to the estimated value of R300 million.

Scheduled to be complete by the start of 2021, the development is currently underway to accommodate over 50 new apartments, new office spaces and retail shops.

“We’re unable at this point to confirm how many office spaces and retailers the renovations will accommodate, however the extension promises to provide an improved lifestyle, living, shopping and entertainment space to people living and working in Green Point,” commented Marc Truss, Chief Executive of the Green Point Central Improvement District (GPCID).

Boasting over 100 stores and restaurants,  the Cape Quarter is already home to big business head quarters including Deloitte and Pernod Ricard, as well as popular restaurant chains – Sushi Box and Bootlegger Coffee Company, to mention a few.

With parking always being of concern to citizens who frequent the city bowl and surrounding areas regularly, St John Gardner, Director of Business Development at Spire Property, confirmed that the Cape Quarter has already extended its parking by adding an additional 100  parking bays to its existing basement parking under Napier Street – completed in 2018 – with provision for further parking being created in the renovation of the old Cape Quarter property development.

“We welcome the new development which actively seeks to add to our GPCID mantra of improving the area to live, work and play in,” added Truss.

“The GPCID is helping us achieve our vision for life in the heart of De Waterkant, where history is etched in the fabric of everyday living,” concluded Gardner.

 

If anyone is interested in leasing opportunities please contact stjohng@spire.co.za or call Spire Property Management on 021 685 4020.

 

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