The City of Cape Town’s Mayoral Committee (Mayco) has approved proposed plans to repurpose a municipal parking lot in the CBD into a mixed-use site.
If successfully released into redevelopment, this parking lot will become a residential, commercial and retail hub.
PARKING LOT OFFERS MIXED-USE POTENTIAL
The parking lot, located next to the Cape Town Civic Centre in Foreshore, is currently being used as an open-air staff parking facility. It’s also close to major public transport infrastructure.
Now, Mayco has identified the lot for affordable housing development, along with potential for shops, office space and other amenities.
Long-term benefits of this redevelopment include:
- An estimated sale income of R230 million, plus R50 million in annual rates and services revenue to support service delivery.
- R1.5-billion private sector investment estimated for the Cape Town CBD.
- The creation of 3 500 jobs in the construction and related sectors for the duration of both the development’s construction and life cycle.
- Residential opportunities, namely affordable housing.
- Continued regeneration of the Foreshore precinct.
MAYCO MEMBERS ON ‘UNDERUTILISED’ CAPE TOWN ASSETS
Alderman James Vos, Mayoral Committee Member for Economic Growth, says that releasing “underutilised City-owned assets” – such as this parking lot – boosts the local economy, leads to job growth and improves the urban environment.
“This Civic Centre parking site presents a unique opportunity to support inclusive growth while ensuring that well-located public land is used more efficiently for the benefit of all residents,” Vos explained.
Councillor Carl Pophaim, Mayoral Committee Member for Human Settlements, pinpointed similar release initiatives that offer mixed-use opportunities.
“Others include the City’s Fruit & Veg site on Roeland Street, Harrington Square, several more sites in Woodstock and Salt River, and the City’s support for provincial-led projects at Buitengracht Street and Artscape,” said Pophaim.
NEXT STEPS
Now that Mayco has greenlit these proposed redevelopment plans, they will submit a report to the City Council for consideration on 27 May 2026.
Once the Council gives its approval, the City will then initiate a formal public participation process. This gives residents, stakeholders and interested parties a platform to share their thoughts, comments and remarks on the redevelopment.
Are you excited about the City of Cape Town’s redevelopment project for the parking lot in Foreshore? Let us know in the comments below!
