Cape Town, South Africa – August 11, 2025 A bold new chapter in Cape Town’s urban evolution has begun as construction officially kicks off on what will become the city’s second-tallest skyscraper. Located at the corner of Bree and Strand Streets, the 41-storey mixed-use tower—unofficially dubbed Acsiopolis 2—is poised to reshape the Central Business District (CBD) and elevate the city’s global architectural standing.
📐 A Vertical Vision for the Future
The development, which has received final approval from Building Development Management (BDM), will rise to an estimated height of 131 metres, just shy of the iconic FNB Portside Tower. With a total construction footprint of 66,000m², the tower will feature:
- 505 hotel rooms catering to Cape Town’s booming tourism sector
- 270 residential apartments offering premium urban living
- 4,000m² of retail space to energize the local economy
- A rooftop swimming pool on the 22nd floor with panoramic city views
🏛️ Heritage Meets Modernity
One of the standout features of the project is its architectural sensitivity. The design integrates a historic corner building into the sleek glass façade of the new tower, preserving Cape Town’s rich heritage while embracing contemporary aesthetics.
🏗️ A Developer with Global Reach
The project is spearheaded by a JSE-listed developer with a proven track record across South Africa and Cyprus. Their portfolio spans light industrial, retail, and mixed-use assets, and this latest venture reflects a strategic commitment to revitalising Cape Town’s CBD with high-impact, sustainable infrastructure.
🌍 A Post-Pandemic Milestone
In a property climate still recovering from the effects of COVID-19, this skyscraper marks one of the few major hotel developments in the inner city over the past five years. It signals renewed confidence in Cape Town’s hospitality and real estate sectors, aligning with rising tourism demand and urban densification trends.
📍 Prime Location, Prime Opportunity
Situated steps away from Bree Street’s vibrant restaurant and nightlife scene, and within walking distance of the Waterfront and Foreshore, the development promises unmatched convenience and lifestyle appeal for residents and visitors alike.
For property investors, urban planners, and architecture enthusiasts, this landmark project is more than just a building—it’s a symbol of Cape Town’s ambition, resilience, and future-forward vision.
image credit: https://www.timeout.com/