The construction of the mixed-use development will be predominantly utilised by the US conglomerate Amazon.
The report continued by saying that the developer needs to give in-depth plans on different aspects of development.
Construction of the development is expected in the next three to five years.
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The City of Cape Town stated that the construction of phase one will provide around 5 200 jobs.
Plato added that the City is committed to revitalising theeconomyby driving investments.
This is allowing for a slow recovery from the impact of the global pandemic.
A massive mixed-use development has been approved as a concept by the City of Cape Town. Image: Chris Ratcliffe/Bloomberg, Dwayne Senior/Bloomberg and Patrick T. FALLON / AFPSource: Getty Images
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Source: Briefly News
Reeshni ChettyReeshni Chetty is a senior current affairs reporter.
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Reeshni has a passion for breaking the stigma surrounding mental health issues.
