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Cape Town’s Foreshore is getting a tall new neighbour with 94 apartments, 7 penthouses and a 5-star hotel with 155 hotel rooms valued at R2.5 billion😮🏙️ Senzo Tsabedze, founder and executive chairman of Afrirent Holdings, secured a long-term lease of the 1680m2 site from the City of Cape Town in 2024. The 35-storey mixed-use building will sit snugly right next to the CTICC 2 in Cape Town. Construction is set to begin in April next year. Afrirent Holdings is putting R2.5 billion of private money into it, with the City of Cape Town backing the project. Development Details: • Development name: ThirtyFour18 (named after the building’s geographic coordinates) • Developer: Indalo Hotels and Leisure Group (subsidiary of Afrirent Holdings) • Location: Heerengracht Street, Foreshore, in front of CTICC 2 • Development mix: 94 apartments, 7 penthouses, 155-room 5-star hotel, 4 floors of premium-grade office space, retail • Height: 35 storeys • Amenities: gym and spa, rooftop restaurant, sky bar and swimming pool (the developer hopes to secure a Michelin-starred restaurant), another restaurant on floor 6, co-working and meeting spaces on floor one that connect to the CTICC • Engineering: about 90 piles, each roughly 27m deep, on a tight site squeezed between the CTICC and a busy arterial road • Job creation: +- 2,500 during construction and 400 permanent • Timeline: concept revealed 26 October 2026, public launch January 2027, construction from 22 April 2027 (subject to approvals), completion April 2031 For decades, the Foreshore has been the part of town people drive through on their way somewhere else, and it empties out after office hours. The City says it wants Cape Town to run as a 24-hour economy. If that’s going to happen, you need people living right next to the convention centre. Pricing and floor plans aren't available yet, and a lot can change over a four-year build. I’ll share pricing as soon as it’s out. Would you live on the Foreshore? Let me know in the comments.