The iconic piece of land where La Med used to be (now the Bungalow restaurant), the Glen Country Club plus bowling lawns, the tennis courts and cricket field are to be sold by the City of Cape Town for well over R100 million. The proposed sale will result in the probable development of an underground parking garage with 750 bays and 2750m² of commercial retail space with an anchor tenant (which i’m guessing is gonna be a Woolworths) and a possible residential complex. The Bungalow restaurant will be relocated apparently.
R100 million seems way too low for that prime real estate.
“While the upgrade project initially focused only on the Clifton garages – near the parking area for Clifton’s fourth beach – it was now proposed that the Glen Country Club and La Med restaurant, bowling greens, tennis courts, and a cricket oval, used also as a landing strip for paragliding enthusiasts, also should be included.”
“It is envisaged that it will consist of a three-level underground parking garage with 750 bays, about 2 750m square of commercial space including an anchor retail tenant, a number of boutique line shops, and the possible relocation of the famous beachfront La Med restaurant.” [more at Fin24]
Now you know.