Construction has officially begun on the retail component of the Golden Acre redevelopment in Cape Town, marking the next phase of a project aimed at transforming the city’s busiest commuter hub into a modern mixed-use precinct.
The latest phase follows the start of residential conversion works in late 2025, with developers now focusing on upgrading the retail environment to better serve commuters, residents and businesses in the central business district.
Project leaders say the overhaul will shift the Golden Acre from a pass-through space into a more functional and welcoming destination. Plans include reconfiguring the tenant mix, adding new retail areas, upgrading finishes, and improving pedestrian flow and safety.
The precinct, which includes 11 Adderley Street, was acquired by Putirex in July 2025 in one of the largest recent property deals in the CBD.
A 24-storey office tower on the site is currently being converted into 414 affordable rental units, targeting so-called “missing middle” earners, with rents expected to come in at roughly 30% below market rates.
Developers say safety and accessibility are central to the redesign, with upgrades set to include improved lighting, enhanced surveillance and better management of traffic between commuters, taxis and delivery vehicles.
The residential component will be managed by Neighbourgood, offering tenants access to co-working spaces and community-driven amenities as part of a lifestyle-focused approach to inner-city living.
The project is being carried out in partnership with the City of Cape Town as part of broader efforts to revitalise the inner city.
Construction is expected to continue through to early 2027, with developers confirming that access for commuters and shoppers will be maintained throughout the process.
