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New skyscraper in Sea Point to include affordable housing

Named “The Fulcrum”, the 60m high residential building will reserve 28 of its 144 apartments for households earning under R18,000 a month to rent.

Cape Town’s Municipal Planning Tribunal has approved a proposal for a skyscraper that would include affordable housing in Sea Point.

If the development goes through, it will be the first development in decades to include affordable housing in the seaside suburb.

Named “The Fulcrum”, the 60m high residential building will reserve 28 of its 144 apartments for households earning under R18,000 a month to rent.

Social justice movement, Ndifuna Ukwazi (NU) said the City of Cape Town’s team argued against the proposal by the Berman Brothers group because of the height of the building.

The Sea Point Ratepayers’ Association opposed the proposal for the same reason.

Ndifuna Ukwazi argued against the city’s stance, saying that Cape Town “requires dense, high-rise, and inclusive buildings across well-located areas to provide for affordable housing and to address spatial inequality”.

NU’s Jared Rossouw said: “this decision is not just about this building, but the cumulative impact of buildings like this over the coming decades”.

“In order to build a sustainable and efficient city “we need the city to promote radical densification in every well-located area”, he added.

More: groundup

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