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Phase 1

The Namibian Sun earlier reported that second phase of the Lüderitz Waterfront is expected to start this year. Phase 2 of this multi-million project will consists of four separate components; the Old Power Station, retail outlets, residential components and a hotel development.

Earlier, the Chief Executive Officer (CEO), of the Lüderitz Waterfront Development Company, Fluksman Samuehl, said Phase 2 is about twenty times bigger than Phase 1.
At the time, he said: “This is the largest project to be implemented in the Karas Region over the past decade,” said Samuehl.

The cost of the phase 2 will be about N$650 million of which N$215 million is going into the development of the Old Power Station. More than N$1,7 million has already been spent on transfer duties and cleaning up the outside and the demolition of some of the walls.

Samuehl however pointed out that extensive market research was been done to determine the feasibility of Phase 2 of the Waterfront development. “Unlike Phase 1 we will not build an empty shell and then ask people to come in. We are first getting tenants this time round.”

He said that for example they will ensure that there are between 60 to 70% signed occupants for the retail outlet before it will be built.

Samuehl further elaborated on what can be expected from the launch of the second phase. The event will firstly focus on the background of the Waterfront and a team of consultants will make presentations explaining the projects and phases involved development costs, timelines and jobs to be created during and after the construction of Phase 2. The expected economic impact will also be discussed and partners which will be involved in the project.
Phase 1 of the Waterfront project included the Harbour Square, shops, restaurants and offices and was completed in 2002 to the tune of N$35 million.

The construction phase of the phase 2 will generate about 1 000 jobs. Thereafter, about 450 to 600 people will find permanent employment.

About 51% of the Old Power Station will be occupied by the Polytechnic of Namibia at a cost of more than N$116 million, while N$53 million will be spent on indoor sports facilities. That will include a swimming pool, volley ball court, indoor basket ball and facilities for beach soccer.

The Ministry of Fisheries agreed to spend N$16 million on a maritime museum which will cover four floors. The museum will display parts of various old ship wrecks, the relationship between humans and the sea as well as information on marine mammals, fish and on seafarers. The second phase will also include setting up a shopping mall, holiday flats and a hotel.

Once the infrastructure is in place the strategy will change to aggressive marketing to ensure tourists keep coming to Lüderitz, said Samuehl.
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