Feb 01, 2012:
The Passenger Rail Agency of South Africa, in partnership with Eris, are planning a R1.45 billion redevelopment at Cape Town Station.
Work could begin as soon as 2013 in what will be considered one of PRASA’s most significant investments to date.
The finished product will consist of a 3-star hotel and shopping precinct. It will be developed at the north-western corner of the Cape Town Station site, opposite the ABSA building. A number of existing buildings will have to be demolished to make way for parts of the new structure.
Upon completion, over 90 000 square metres of gross lettable area will come to market, making it one of the largest developments ever undertaken in the Cape Town central business district.
PRASA says that this forms a part of their proposed broader R20 billion redevelopment scheme that could involve sinking the city’s railway lines between Cape Town Station and Woodstock, unlocking land for development in the process.