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A Year in Review a Year in Review “Living in a dense environment means a less stressful and time-consuming commute to work without the aid of a car. It’s about a greater sense of community CONTENTS and partnership that naturally develops when you walk through a place and SECTION 1: AN 10 Water guidelines 30 The Cape Town 41 The Foreshore casually collide with neighbours. It’s about feeling a sense of attachment to INTRODUCTION TO for construction & International Freeway Precinct stores and bars and restaurants and their owners and employees. Frequently THE CENTRAL CITY commercial property Convention Centre Project 02 Executive summary 12 Partnerships: 32 Eventing & I will stop in to say a hello at a restaurant or store even if I’m not shopping or 03 Cape Town in context the CCID & its conferencing venues SECTION 4: eating. It’s about using a compact life to reduce environmental impact. For me, 04 The Central City in partnerships in the CBD TRANSPORT IN THE it boils down to this: a place you walk through is a place you know and love.” numbers 14 Investment partners CENTRAL CITY Reasons to invest in Transport PHILIP LANGDON, WITHIN WALKING DISTANCE: 16 SECTION 3: 42 SECTION 2: DOING Cape Town PROPERTY IN THE CREATING LIVABLE COMMUNITIES FOR ALL BUSINESS IN 18 Spotlight on fi lm & CENTRAL CITY SECTION 5: SURVEYS THE CENTRAL CITY related multi-media 34 Commercial property 44 Results of the online 06 The economies of the industries trends residential & retail Central City 20 Retail occupancy rates 36 Property investment opinion surveys 07 Breakdown of 22 Current & future update business in the trends for the retail 38 Residential property IN CONCLUSION Central City economy trends 46 What to expect from 08 Managing the Cape 26 The visitor & eventing future reports Town water crisis economy 48 Acknowledgements & credits A YEAR IN REVIEW A YEAR IN REVIEW This publication is brought to you by the CAPE TOWN CENTRAL CITY IMPROVEMENT DISTRICT SAFE | CLEAN | CARING | OPEN FOR BUSINESS 13th Floor, 1 Thibault Square, Cnr Long St & Hans Strijdom Ave, Cape Town 8001, South Africa Tel: +27 21 286 0830; [email protected] www.capetownccid.org @CapeTownCCID CapeTownCCID COVER_SCCR17.indd 1 2018/05/02 2:23 PM “Living in a dense environment means a less stressful and time-consuming commute to work without the aid of a car. It’s about a greater sense of community CONTENTS and partnership that naturally develops when you walk through a place and SECTION 1: AN 10 Water guidelines 30 The Cape Town 41 The Foreshore casually collide with neighbours. It’s about feeling a sense of attachment to INTRODUCTION TO for construction & International Freeway Precinct stores and bars and restaurants and their owners and employees. Frequently THE CENTRAL CITY commercial property Convention Centre Project 02 Executive summary 12 Partnerships: 32 Eventing & I will stop in to say a hello at a restaurant or store even if I’m not shopping or 03 Cape Town in context the CCID & its conferencing venues SECTION 4: eating. It’s about using a compact life to reduce environmental impact. For me, 04 The Central City in partnerships in the CBD TRANSPORT IN THE it boils down to this: a place you walk through is a place you know and love.” numbers 14 Investment partners CENTRAL CITY Reasons to invest in Transport PHILIP LANGDON, WITHIN WALKING DISTANCE: 16 SECTION 3: 42 SECTION 2: DOING Cape Town PROPERTY IN THE CREATING LIVABLE COMMUNITIES FOR ALL BUSINESS IN 18 Spotlight on fi lm & CENTRAL CITY SECTION 5: SURVEYS THE CENTRAL CITY related multi-media 34 Commercial property 44 Results of the online 06 The economies of the industries trends residential & retail Central City 20 Retail occupancy rates 36 Property investment opinion surveys 07 Breakdown of 22 Current & future update business in the trends for the retail 38 Residential property IN CONCLUSION Central City economy trends 46 What to expect from 08 Managing the Cape 26 The visitor & eventing future reports Town water crisis economy 48 Acknowledgements & credits A YEAR IN REVIEW A YEAR IN REVIEW This publication is brought to you by the CAPE TOWN CENTRAL CITY IMPROVEMENT DISTRICT SAFE | CLEAN | CARING | OPEN FOR BUSINESS 13th Floor, 1 Thibault Square, Cnr Long St & Hans Strijdom Ave, Cape Town 8001, South Africa Tel: +27 21 286 0830; [email protected] www.capetownccid.org @CapeTownCCID CapeTownCCID COVER_SCCR17.indd 1 2018/05/02 2:23 PM 2018 has been another reason to be proud of our city and in collaboration with partners across the a trend-setting year our region. sector, we’ve continued to see an upsurge TABLE BAY HARBOUR for the City of Cape Across retail, commercial and residential in all types of tourism, with visitors taking N TO GAUTENG Town, as residents property in the CBD, water savings hands with us to make every drop count. TO V&A WATERFRONT NELSON MANDELA BLVD and businesses alike technology and practices have become the This report details just some of these Hammerschlag N E have had to respond “new normal”. This is particularly true of successes, and gives useful insights into Founders CTICC Garden to new challenges brought about by the new builds, including phase 2 of the Cape how we can all play an even stronger role in unprecedented drought we’re currently Town International Convention Centre growing our brand as a water effi cient region. WALTER SISULU AVE DF Malan Artscape experiencing. which launched earlier this year, and is Vasco Da Gama Jan Smuts These responses have garnered us already generating additional business MINISTER ALAN WINDE North W S international recognition as an emerging tourism to the city. Indeed, due to the Ministry of Economic Opportunities HERTZOG BOULEVARD Wharf Pier centre of resilient living, giving us yet hard work of hospitality establishments, Western Cape Government Square Place Jetty Hans Strijdom HEERENGRACHT LOWER LONG LOWER Civic CHRISTIAAN BARNARD Centre TO N Old Marine Drive Over the last year, Development Forum [as per pg 10]. City is undertaking with the proposal Mechau Thibault TO SEA POINT Square Cape Town has had The City of Cape Town is leading for the development of affordable and NEW MARKET Prestwich to contend with our by example by implementing many inclusionary housing opportunities on fi ve Riebeek worst drought in over water-saving initiatives in our well-located City-owned sites in Salt River, BREE Cape Town 100 years and we have developments and projects. Woodstock and the inner city. Waterkant Burg Lower Railway Station STRAND truly shown what a This is something that we will look into The CCID has been a great partner in ADDERLEY LOOP resilient city we are. Thanks to the great when implementing the Transport and ensuring that Cape Town maintains its SIR LOWRY RD TO CAMPS BAY STRAND water-saving efforts of many Capetonians, Urban Development Authority’s (TDA) fi ve status as a leading metro and we thank we have been able to keep our dams from catalytic projects aimed at unlocking the the organisation for its valuable work. This Castle Castle of Good Hope going dry during the summer season. potential investment in public transport in report highlights the many successes that Hout Grand the Cape Town CBD, Bellville, Philippi East, have b een achieved by various partners Burg It is important that we keep up and BO-KAAP Parade St Georges Mall strengthen our water conservation efforts Athlone and Paardevlei [see pg 42]. and through continued investment in the SHORTMARKET DARLING going forward as water scarcity is the “new These projects are part of TDA’s Transit most beautiful city in the world. Parliament City GreenmarketLongmarket Hall normal” and we must all fundamentally Oriented Development (TOD) strategy As we look to take Cape Town to greater BUITENGRACHT Square Square Riebeeck change our relationship with water. which aims to address the imbalances and heights, this report must also serve as Church Caledon Square Church Parade Cape This also means that all future spatial divides caused by apartheid, which a guideline for where we can further Spin Corporation Harrington Peninsula WALE Albertus Square developments will have to take water include the long distances that people improve on our efforts to make this great University of Technology scarcity into account, with tangible earning low incomes must travel and the city even greater. Dorp PLEIN Barrack guidelines as advised by organisations lack of housing density and mixed land use. such as GreenCape in its recent joint The TOD projects will go together PATRICIA DE LILLE BUITENKANT Leeuwen Harrington Commercial initiatives with the Western Cape Property with the ground-breaking initiative the Executive Mayor, City of Cape Town Keerom Parliament DISTRICT SIX Pepper Queen Victoria Queen CANTERBURY LONG ROELAND ROELAND Bloem Bloem Government Ave Green Despite the challenges leading the way in responsible water safe city centre that offers world-class DE WAAL DR New Church Buiten LEAVE THIS MAP OPEN AS YOU that faced the Cape consumption and industry best practice. infrastructure and technology. Orphan Ln province over the past Continuously looking to boost economic As the offi cial tourism, trade and Orphan BROWSE THROUGH THIS REPORT year, the Western Cape growth, our Investment Promotion Unit via investment promotion agency of Cape The Company's Garden BUITENSINGEL This publication has been designed so that readers remains a destination the InvestSA One Stop Shop (operated by Town, Wesgro will continue to promote can easily “fi nd their way” around the Central City, as of choice for both Wesgro) [see also pg 14] has been pivotal confi dence in the Cape positioning the Dean the text often indicates in which of the four precincts investors and tourists.
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