The City of Cape Town has accepted a settlement offer from the Observatory Civil Association (OCA) to cease all legal action regarding the River Club development.
- The R4-billion project in Observatory, featuring Amazon as the anchor tenant, will proceed based on its planning approval conditions.
- The OCA will contribute to the City’s legal costs, signaling the City’s commitment to defending its planning decisions and Cape Town’s reputation as a global investment destination.
- The settlement follows the Supreme Court of Appeal’s rejection of the OCA’s application to appeal a High Court ruling against an interdict on the River Club development.
- The River Club development will bring economic, environmental, and heritage benefits, including the rehabilitation of Liesbeek River, green open spaces, and heritage infrastructure in collaboration with First Nations groups.
- The project is expected to generate over 5,200 construction jobs, provide approximately 19,000 employment opportunities, inject R4.5 billion into the local economy, and deliver new residential accommodations, including affordable housing.