This week, the Western Cape provincial government unveiled one of three upcoming mixed-use developments in the heart of the Cape Town city centre, with a portion of the development earmarked for affordable housing.
On Tuesday, Premier Alan Winde and Provincial Minister Tertuis Simmers gathered at the first site – on the corner of Loop and Leeuwen Street – to inform the media of the plans.
The R918 million development has been aptly dubbed the Leeuloop Precinct Development and is expected to yield over 840 housing opportunities – which will be a mix of upper-end apartments and subsidized rental units for those in the R3000 – R22000 salary bracket.
Approximately 490 units will be open to the market, while approximately 350 will be allocated for affordable housing.
The project will now be opened up for developers to come up with their designs, but it is envisaged that this two-tower building, with approximately 18 to 20 levels, will also incorporate environmental sustainability in mind, with both a 4 Star Green Building, and Level 1 (Construction Waste) Net Zero Carbon Certification from the Green Building Council of South Africa.
MEC Simmers says the Leeuloop housing development is one of three projects that will be going to market this year.
“Together these well-located developments will deliver 3 500 housing opportunities. Through leveraging cross-subsidisation of costs, the Leeuloop development will deliver affordable housing with modern social amenities in a high-rise development through the sale of the open market units. The tender to procure a developer will be advertised before the end of this month.”
Premier Winde says partnerships with the private sector are vital to ensure infrastructure development keeps pace with the pressures of housing delivery.
“We recognise the need to become smarter in how we build, to keep adapting and evolving to strike a balance between our province’s growing need for housing, more sustainable building solutions and economic growth.”
He concludes that the Leeuloop development, along with all public infrastructure projects, must be fully leveraged to keep driving innovation and job creation.
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