Background / Overview
The proposed Rivertown precinct lies to the east of Durban CBD, between the City’s ICC and Durban Beachfront.
This is a mixed-use precinct redevelopment that includes:
- the establishment of linkages between ICC and Durban beachfront;
- providing opportunities for private galleries, small theatres, restaurants and other entertainment venues;
- promoting residential densification through social and market related housing;
- developing a cultural precinct that offers local and international tourists the experience of clothes, food and leisure unique to KwaZulu-Natal.
The sidewalk public realm work was completed in Dec 2021. A total amount of R40-million has been spent to date.
See previous updates and more info here:
- Rivertown Precinct upgrades to change inner-city linkages from Durban ICC to the beachfront
- Precinct upgrade unlocks investment potential in Durban’s inner city
Recent progress
Engagement between the City and Private Developers, to discuss collaboration in order to redevelop land parcels within the precinct, as well as other opportunities.
Challenges
- Key property developers within precinct under Business Rescue, which impacts on new investment.
- Lack of funding to take up opportunities such as private owners wanting to offload properties.
Contact
Interested parties seeking to take up opportunities in this development are encouraged to engage the project promoters via the secure contact form below:
