Friday, April 19, 2024
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HomeBusiness ServicesUrban densification corridor offers mixed use investment proposition

Urban densification corridor offers mixed use investment proposition

The C3 Corridor is a road infrastructure project aimed at supporting the IRPTN and thereby densifying uses along the transportation corridor.

The Integrated Rapid Public Transport Network (IRPTN) – C3 Corridor

Project description

  • The project involves the construction and widening of road lanes, access bridges, IRPTN stations.
  • Densification of land uses along the corridor in the form of commercial uses, residential and related social facilities.
  • The consolidation of land parcels along the corridor is being undertaken as part of a land use strategy (note: Land Use Strategy has been completed).

The Land Use Strategy includes seven stations which are; Moodie Street, Pinetown Civic Centre, Beviss Road, Henwood, Regent, Wyebank and Westrich.

In these areas, land has been identified for high rise mixed-use buildings which can be used for retail, offices, residential as well as public space creation such as parks and outdoor libraries with Wi-Fi access.

There are also investment opportunities which include state owned land, business centers and hubs.

Project status

  • Land Use Strategy completed.
Land Use Strategy Implementation:
  • Tip Top Spar upgrades underway – investment value: R100-million. Construction started.
  • BMW Supertech underway – investment value: R125-million. Construction started.
  • 4/10 School Road underway – plans approved on site. Investment value: R25-million – Phase 1; R52.5-million – Phase 2.
Student Accommodation: 4/10 School Road

Socio-economic benefits

  • Investment Value: R3.8-million (Planning Project) + R3.77-billion (Road Construction)
  • Construction Jobs: 17 335
  • Permanent Jobs: 1 659
  • Other: Integrator, connector of the City

Contact / enquire

For the most current update on opportunities, project progress, outstanding actions and investment requirements, contact Invest Durban:

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