Western Cape Government launches R2bn housing project for 2,600 homes
Image: Supplied
In a significant move to address the housing shortage and enhance urban living, the Western Cape Government has unveiled its largest inner-city hosing development to date offering more than 2 600 residential units in the heart of Cape Town's CBD.
Premier Alan Winde and Western Cape Minister of Infrastructure, Tertuis Simmers, officially unveiled the Founders Garden development on Friday.
With a projected value of more than R2 billion, the high-rise, mixed-use project will deliver 1,476 social housing units and 1,162 open-market units, bringing the total to over 2,630 new homes.
'This development is the largest public sector housing development in the CBD,' said Minister Simmers.
'I am extremely proud of how the Western Cape Government is accelerating the delivery of housing opportunities.'
The project, situated next to the Artscape Theatre Centre and within walking distance of key public transport nodes and health services, is part of a broader provincial effort to bring affordable housing closer to the city's economic heart.
The site will also feature an Early Childhood Development Centre and other public amenities, ensuring it becomes a fully integrated urban space.
Premier Winde stressed the broader impact of the initiative.
'This development is a perfect example of how we are approaching affordable housing development, always striving to bring services, housing and recreation closer to communities, while enhancing access to economic opportunities for our residents.'
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The Founders Garden project is the second of three major inner-city housing developments planned for 2025. The Leeuloop Precinct, offering 840 housing opportunities, has already gone out to tender. The tender for the Founders Garden development, to procure both a developer and social housing institution, was officially published today.
'For us, it is about more than just housing,' said Minister Simmers.
'It is about turning public land into opportunity, Infrastructure must promote spatial justice, empower communities, and create job and economic opportunities for all.'
With this ambitious launch, the Western Cape Government is not just building homes, it is building a future where affordable, dignified urban living is within reach for thousands of Cape Town residents. Get your news on the go, click here to join the Cape Argus News WhatsApp channel.
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