Big Bay project will entice commerce and draw residents

Posted On Monday, 27 October 2003 02:00 Published by eProp Commercial Property News
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The only commercial site in the 120ha Big Bay development at Bloubergstrand will come up for tender this week.

Infrastructure IndustryThe only commercial site in the 120ha Big Bay development at Bloubergstrand will come up for tender this week.

"This is a major development opportunity," said Colin Green, development manager for the project's facilitators, Rabcav. The site covers two hectares and the approved basket of rights includes 10 000m2 of commercial gross lettable area, a petrol station and residential apartments with a maximum density of 60 units per hectare.

The final rights allocated to the site will be set out in a site development plan that will have to be approved by the City of Cape Town. Green stressed that this land parcel is not part of the 14.5ha mixed-use property recently put out to tender which is expected to attract bids of over R100 million.

"This land parcel," said Green, "is strategically placed on the intersection between Otto du Plessis Drive and Cormorant Avenue. This means that it will serve the main north-south link in the area as well as the new east-west link currently under construction and scheduled for completion early next year. "What is more, this is the only retail site on the 15km stretch between the Melkbosstrand retail centre and Tableview's Bayside Centre."

The Big Bay development, Green added, is expected to bring 2 000 residential properties to the area within the next three to four years because a further 250ha of land between Big Bay and the R27 owned by the provincial administration will probably be released for development in the medium term. "A huge amount of interest has been received from developers and investors as well as all the major food retailers and oil companies. We expect the tenders to be highly competitive," said Green.

Development of the commercial site must conform to the generic architectural guidelines drawn up by the project's architectural consultants at the outset and applicable to all buildings throughout Big Bay.

These rulings, said Green, will ensure that all development at Big Bay has a West Coast theme and that the architecture of the various development parcels is linked together in a harmonious manner. A three-storey height restriction is applicable to residential development on the site, while commercial buildings are limited to two storeys.

Tenders close on Tuesday, November 25, and will be opened at 2pm on the closing day at the council's offices. Tender documents can be collected from the Rabcav offices at Plum Park, 25 Gabriel Road, Plumstead. 

 

Last modified on Tuesday, 05 November 2013 17:24

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