City land released for mixed-use development in Rondebosch

Source: Google Earth
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16-08-2024
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The City of Cape Town has greenlit land release for a mixed-use development in Rondebosch East. The municipality will commence the public participation process for the proposed sale of the seven hectares located on the corner of Kromboom Road and Seventh Avenue.  



Made up of several vacant erven, with a desktop valuation of R155 million, the site has a potential yield of 800 residential units within a mixed-use development including affordable housing, open market housing, public open space and retail opportunities. The vacant parcels will undergo rezoning.  



The proposed sale will include a clause to ensure the Kromboom Road land includes an affordable housing component by allowing the properties to revert to City ownership if the land is not utilised for the City’s intended purpose.  

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