Cape Town has received an ambitious proposal to build a R1.7 billion 15-story Luxury Resort Hotel on the beachfront in Sunset Beach, Milnerton, which would become the highest building in the suburb.
“The proposed use of the building would be mixed-use consisting of retail, commercial, parking, resort hotel and residential” says Andre Langeveldt of Team AA at RE/MAX Property Associates.
The proposal was put forward by the Cape Town Development Company – a group created specifically for the project – who presented the proposal to the City of Cape Town municipality’s Economic and Development Planning Committee on Wednesday (22 March).
At about 90 metres high, the building would be built over the next 3 years, and become operational by 2020 if construction started last quarter of this year. The proposed location is on the site of 4 properties that have been offered record prices, which still remain unknown at time of going to the press on 22 March 2017.
CEO of investment group DTDC, Mr Ivan Herbst believes apart from the investment value, this development will provide huge opportunities for employment too. While the project is still in its early stages- Metropole Architects, on behalf of DTDC, presented the plans to the committee and received thumbs up from the councillors.
The group said that it has met with two South Korean companies – Pasco E&T and Samsung C&A – who have agents that reside in the area, to discuss the parameters of collaboration and skills transfer of collaborating with local construction companies.
“They have both indicated their willingness to be involved in this catalytic project,” it said.
Mr Andre Langeveldt of Team AA at RE/MAX Property Associates, as the marketing agent for this development, has offered a healthy share to the Sunset Beach Home Owners Association as he secures investors for each unit “We believe that the project will serve as a potential catalyst to future large scale employment and developments within the new Cape Town Beach Front Development program, and for the greater West Coast area.”
Municipal spokesperson Toki Mthethwani told News24 the concept of the Cape Town Development was presented to the economic development and planning committee on Wednesday.
Sunset Beach Home Owners Association wishes to congratulate Mr Langeveldt for securing this mandate and wish him all the best with his project.