Emfuleni Resorts has outlined a proposal to develop a retail mall, a multipurpose events venue, movie theatres, a bowling alley and corporate offices on underutilised land in the Boardwalk precinct in Port Elizabeth.

The R1.3-billion mixed-use centre, to be developed by Emfuleni together with partners Parktown Capital and Sun International, will be set on a 13.3 ha site within the Boardwalk precinct. The developers envision the Boardwalk precinct to be a mixed-use lifestyle node, situated next to the natural landmark of Hobie Beach and with the needs of Port Elizabeth’s residents and visitors in mind.

“An investment of this size – the largest ever in tourism and hospitality in Port Elizabeth – amply demonstrates our belief and confidence in the long-term potential of the metro and the province,” said Emfuleni Resorts chairperson Bongi Siwisa.

Up to 8 500 new jobs are expected to be created during the two years of construction, with another 1 500 jobs created during operations, according to a media statement from Sun International.

Parktown Capital is leading the development and tenanting, with Sun International ensuring that the mix and design complement its existing business. Emfuleni will contribute its land in return for an equity stake.

http://www.engineeringnews.co.za/article/r13bn-shopping-mall-and-entertainment-options-set-for-port-elizabeth-2016-03-04