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.
