The development of well-designed, well-built residential apartment blocks is the most significant aspect of the Maitland Metro urban regeneration project. Over the next five years, more than 1,200 new residential units will be added to the precinct in at least seven new mixed-use projects.
The new residential units will be split between the open rental market, social housing tenants, and FLISP (Finance Linked Individual Subsidy Programme) buyers – all aimed at low to middle-income households.
Importantly, these new housing units will be centrally located in relation to Cape Town’s city centre and will be well served by existing railway and road public transport systems. In addition, the development of thousands of square metres of commercial space in the immediate vicinity will create jobs within easy walking distance of the new accommodation opportunities.
During a visit to The Prime construction site, The Minister of Public Works and Infrastructure, Patricia De Lille, praised the public private sector collaboration at Maitland Metro and described the regeneration project as “a prime example of how human settlements developments should be done in our democracy with affordable and well-located housing close to work opportunities and transport.
“By bringing people closer to transport and work opportunities, we will achieve spatial justice and reverse the legacy of apartheid spatial planning. In doing so, we also lessen the travel time and costs for residents who will live in this development,” De Lille said.