R35 Billion Durban WaterfrontPoint redevelopment
The eThekwini municipality is about to roll out the first phase of its R35 billion Durban Point redevelopment, with the construction of the 750m-long, 30m-wide promenade that forms part of the multibillion-rand Point Waterfront development.
Expected to be open to the public by mid-2019, the promenade will be 30 metres wide and will run from uShaka Marine World to Vetch’s Pier. And new developments will include:
- beach facilities to include change rooms.
- public parking and dedicated parking for water-sport clubs.
- clubs to be accommodated in new spaces in the promenade.
- amphitheatre located in the centre of the promenade serving as the primary beach events space.
The construction of the promenade will lead to the start of other phases of the development, which include a shopping centre, high-end residential development, and a hotel. These are expected to be launched later in the year and early next year.
Phase two of the Point Waterfront Development, planned for the next three years, will include road system upgrades and public transport bays and bus stops to augment street parking for the precinct, said Mayor Zandile Gumede, speaking to The Mercury.
The Point Waterfront development is expected to cover a total of 750,000 square metres, and will including high rise skyscrapers exceeding 55 storeys. Development in the area is expected to extend beyond 2022.
Source: businesstech.co.za and iol.co.za.