Cape Town - The last phase of the V&A Waterfront’s Silo district development is on par with the schedule set out for an early 2017 completion. This comes at a substantial investment of R1.5 billion.
The district is the carrier of multiple award-winning No1 and No2 Silo developments, which is the location set out for the Zeitz Museum of Contemporary Art Africa (Zeitz MOCAA), that is currently being constructed in the Grain Silo complex.
While news of the museum development first surfaced in 2013, this four-year project is said to convert the historic Grain Silo at the V&A Waterfront into a cutting edge, contemporary art museum.
The Zeitz MOCAA will open to the public during Heritage Weekend in 2017. The opening will comprise of a four-day Grand Opening from Friday 22 September to Monday 25 September. During this time, entrance to the museum will be free of charge.
The CEO of V&A Waterfront, David Green said, “At its heart, Zeitz MOCAA is centred on the promise of creating a museum that showcases the best talent and creativity of Africa and grants access to everyone. With less than one year to go to the Museum’s Grand Opening, we are seeing our vision of an accessible, contemporary art museum reach fruition,”
Also, four new developments will comprise of over 35 000m2 of multiple sustainable developments, this includes new corporate offices, a residential development, a Virgin Active Classic Health Club and a mid-range internationally branded hotel. In addition to that, over 1050 additional parking bays will be added.
After the completion, approximately 2 500 people will work in the Silo district on a daily basis. In a 2012 economic impact study that is currently being updated, the expected nominal contribution to GDP from future developments is an estimated, R28 billion by 2023.
With approximately 30% or 180 000m2 of the V&A Waterfront property available for development, the Silo district is our current area of short term development focus. This is according to David Green, CEO of the V&A Waterfront, who says development at the V&A is market-led, in response to a demand we have seen for bespoke commercial offices and urban residential with harbour and mountain views.
"The intention is to create a vibrant and mixed-use sustainable district with sustainability credentials that will offer business opportunities, accommodation, lifestyle options and eateries," Green says.
The Zeitz MOCCA Museum will be the focal point of the Silo district developments as it sits at the heart of the district.
According to Mark Coetzee, Executive Director and Chief Curator of the Museum, “This Museum is a symbol, an icon, of the confidence we feel about being African, the confidence that we feel about our place in the world. And that’s what makes this so extraordinary. We have been given an opportunity to create a museum for all, and we must guarantee Access for All.
"The right to cultural participation, and access to the artefacts that represent our diverse cultures, is deeply rooted in human rights. This is a principle that Zeitz MOCAA will uphold, defend and keep as a central mission of its reason for being.”
Watch - insight on the Zeitz MOCAA here:
Silo Square serves as an area that provides a gathering place for locals as well as tourists. This area will also build on to the sustainable pedigree of No.1 and No.2 Silo with all developments targeting a rating from the GBCSA (Green Building Council of South Africa).
No.3Silo will offer approximately 10 0002 of residential space in the form of approximately 75 luxury one to four bedroomed apartments, all offering the same environmentally sustainable benefits as No.2 Silo. In addition to receiving a 4 Star Green Rating from the Green Building Council of South Africa (GBCSA) in 2013, No.2Silo has just been ranked as the best residential development in the country by the South African Property Owner’s Association (SAPOA). The new No.3 Silo has similar aims and will seek to redefine luxury.
In a first for the V&A Waterfront and the Western Cape, No.4 Silo will offer a state of the art, 4 000m2 Virgin Active Health Club due for completion by early 2016.
No.5Silo will offer 13 5002 of multi-tenanted office space, and like all the Silo developments, aims to achieve a Green Star rating from the GBCSA. SAPOA recently named No.1 Silo, corporate head office of Allan Gray, as the overall winner at the prestigious South African Property Owners Association (SAPOA) Innovative Excellence in Property Development Awards 2014 It furthermore received SAPOA’s Overall Green and best Corporate Office Development Awards. No.1 Silo also ranks as the only South African building to receive a 6-Star “As Built” GBCSA rating which signifies “World Leadership” in sustainable development.
No.5Silo is due for completion by mid- 2016, followed by the residential development, No.3 Silo, in late 2016.
A 220 key 8000m2 international, mid-market hotel announced earlier this year will be housed in No.6 Silo and will open in early 2017. The operator for this hotel is expected to be announced in the upcoming months.
To accommodate the expected influx of traffic into the Silo district, road works are currently underway to widen South Arm Road and an additional part of the basement parking.
The use of the MyCiti service is supported and encouraged, to decrease the influx of traffic into the district, with the Silo bus stop already operational.
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