- Catalytic Project: Category B (projects in preparation)
Project description
The development comprises improvements in landscaping, public walkways, street lights, street furniture and CCTV cameras to create a safe and an aesthetically pleasing physical environment to bring back investor confidence in the inner-city.
It also involves the conversion of Shepstone Road to a 2-way, to allow for a more pedestrian friendly environment, which is in line with the vision of the Local Area Plan (LAP).
Socio-economic benefits
- Investment Value: R1.3-billion
- Annual Rates: R35-million
- Construction Jobs: 1 500
- Permanent Jobs: 3 000
- Other:
- Connected city
- Accessible city
- Walkable city
- Aesthetically pleasing environment
- Bring back investor confidence in the Inner-city
- Eradicate criminality
- Improve quality of the physical environment
Project status*
- An Urban Design vision has been completed for Rivertown precinct and is included in the Central Precinct within the Inner-city LAP and regeneration strategy.
- The Beerhall is being revamped and the public realm upgrades of streets surrounding are underway.
- Propertuity is the major developer in the precinct, buying and converting old and dilapidated buildings for mixed use development in line with the Inner-city LAP.
Key issues / challenges
- Obtaining buy-in converting Shepstone Road and Mahatma Ghandi into 2-way.
- Architecture implementing a cardboard recycling plant within the precinct.
- Sourcing appropriate funding model for social or gap housing.
Response and way forward
- Meeting with DPDC, UM-SUNRISE and City departments to formulate a framework that would address all the needs of the different stakeholders within the Point and Rivertown Precincts.
- Convert Shepstone Road into 2-way as a pilot project.
*At time of publication
Contact / enquire
For the most current update on opportunities, project progress, outstanding actions and investment requirements, please contact Invest Durban.
