{"id":153043,"date":"2017-01-26T19:00:42","date_gmt":"2017-01-26T17:00:42","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=153043"},"modified":"2017-02-02T12:21:37","modified_gmt":"2017-02-02T10:21:37","slug":"a-look-at-cape-towns-massive-new-r8-billion-precinct-in-the-city-centre","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/153043\/a-look-at-cape-towns-massive-new-r8-billion-precinct-in-the-city-centre\/","title":{"rendered":"A look at Cape Town’s massive new R8 billion precinct in the city centre"},"content":{"rendered":"

Amdec Group,\u00a0a privately-owned property development and investment business, aims to build an R8 billion mixed use development project in the heart of Cape Town.<\/p>\n

Harbour Arch development will be modeled on its existing project in North Johannesburg – Melrose Arch.<\/p>\n

According to James Wilson, CEO of the Amdec Group, the new development will take approximately a decade to complete and will involve an investment of approximately R8 billion.<\/p>\n

On completion, the 5.8 hectare Harbour Arch will be contained in its own precinct, much like Melrose Arch, and will be home to seven individual tower blocks with a total of 200,000 square metres of usable space – making it the first\u00a0 and largest mixed-use development of its kind in the Cape Town CBD.<\/p>\n

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Melrose Arch in Johannesburg<\/p><\/div>\n

The precinct will include landscaped public spaces, residential apartments, gyms, hotels, shops, offices and restaurants, Amdec said.<\/p>\n

“And within Harbour Arch’s vibrant pedestrian-friendly precinct you will find all your daily needs – restaurants, cocktail bars, shopping, hotels, banking, medical services, health clubs, entertainment and so much more.”<\/p>\n

The group said that it aims to create a feeling of luxury, and upon completion, it believes that Harbour Arch will ad R10 billion of real estate to the Cape Town CBD.<\/p>\n

Phase 1 of the residential aspect of the project has already kicked off. A Studio apartment will start at R1 925 000, while a 3 bed apartment will start at R6 812 500.<\/p>\n

Marriott and Amdec announced a partnership late last year whereby the hotel chain will use two blocks in the precinct for two new Marriott hotels.<\/p>\n

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Read: A look at the new R140 billion city planned for Cape Town<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Amdec Group, a privately-owned property development and investment business, aims to build an R8 billion mixed use development project in the heart of Cape Town.<\/p>\n","protected":false},"author":10,"featured_media":153065,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[11705,26,11707],"class_list":["post-153043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-amdec","tag-headline","tag-marriott"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/153043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=153043"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/153043\/revisions"}],"predecessor-version":[{"id":154655,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/153043\/revisions\/154655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/153065"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=153043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=153043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=153043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}