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THREE ANCHOR BAY: ECONOMIC, HOUSING PROSPECTS
Cape Argus
|August 14, 2025
IN A MOVE that could reshape the landscape of Three Anchor Bay, (Erf 2187, Green Point) the City of Cape Town is inviting public comments on the sale of a valuable 4.5ha site, valued at R700 million.
The land, set to be developed into a mixed-use space that includes affordable housing, has sparked interest from private developers eager to participate in the competitive bidding process.
Details of those earmarked for interest in the sale have yet to be revealed.
This sale aims to generate revenue, create jobs, and stimulate economic growth through mixed-use development, which will include affordable housing according to a detailed profile released by the City recently, which was shared with the Cape Argus.
As the City aims to stimulate economic growth and address pressing community needs, residents are urged to voice their opinions on the future of this prime location, which also promises to retain key public amenities like the Colin Eglin Library and Civic Hall.
This story is from the August 14, 2025 edition of Cape Argus.
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