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On the Move
Facelift for Cape Town's city center: R390m property boost Mothercity
The city centre of cape Town will undergo a serious facelift, including a R390 million property boom.

The R390-million development, on the old power station site on the corners of Lower Long Street and Hans Strijdom Avenue, will have 176 apartments with parking bays, shops, restaurants and office space.

Named "Icon", the two 18-storey and one nine-storey blocks will occupy a 4 000 square metre site flanked by the Convention Centre, the Cullinan Hotel and Holiday Inn 350 metres from the V&A Waterfront entrance.

A feature will be an atrium open to the public, an inner street, closed to the weather but open to the air and protected from the south-easter.

The atrium will also house a "Wall of Remembrance", which Roomanay said would be designed in consultation with the South African Cultural History Museum.

The cheapest of the penthouses would go on the market for R4,3-million.

(Source: Cape Times / 8 July, 2005)

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