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The planned $284 million mixed-use development, housing Amazon’s new African HQ, is ongoing in South Africa. The River Club redevelopment in Observatory, Cape Town includes a hotel, residential units and retail offices. A large part of the development will consist of safe recreational public spaces including running and cycling pathways, public viewing areas and seating areas along the rehabilitated and clean riverbank.
This will be a significant boost to the economy and people of Cape Town in the aftermath of the national Covid-19 lockdown.
The project is being developed by Liesbeek Leisure Properties Trust (LLPT). It will create over 6,000 direct jobs, including 5,239 jobs during the construction phase. This will provide a critical lifeline to the construction industry, which has seen the loss of more than 25,000 jobs in 2020, as a result of the economic recession, which has been exacerbated by Covid-19.
The project will also create more than 13 000 indirect and induced jobs. Further employment will be created by the tenants that will occupy the offices, residential and retail spaces that will form part of the development.