More plans are coming to fruition in Newtown, with more retail, office and hotel space being created in the renovated old Potato Shed and The Majestic. Construction will start next month.
MORE things to do in the already bustling Newtown – this is what the Johannesburg Property Company (JPC) has up its sleeve, with two developments planned for this year.
An artist's impressio of the Potato Shed retail developmentAn artist's impression of the Potato Shed retail developmentNewtown Junction, also known as the Potato Shed, and The Majestic are scheduled for improvement; they will be turned into retail, office and hotel space. The combined value of the renovations is R857-million.
Construction at the Potato Shed will start in March, while transformation at The Majestic will come in June.
“These properties offered an exciting opportunity for us as the JPC to lead their development and enhance the economic activity of the area,” said the company’s public relations and media officer, Brian Mahlangu.
One positive spin off will be job creation, with The Majestic expected to generate 160 jobs and the Potato Shed about 1 700. “Initially, we are looking at approximately 200 jobs on site for both projects, with at least 1 600 more after completion.”
The Potato Shed is a particularly exciting endeavour for the property company. “The place was initially a Joburg fresh produce market in the old days and the hall … was indeed a potato shed,” he said. “It is a heritage site and the developer has been given approval to preserve the facility.”
Illegal occupants recently moved out, after negotiating with the JPC, which included representatives from the Mayor’s Office. “The occupants left last year, we have posted security and the developer will be taking over the site to begin clearing and work.”
Atterbury Property Developments will take up residence in February before building work begins as scheduled. Clifton Dunes Developers is responsible for work on The Majestic. “The development is expected to be complete for occupation by late 2012, with the full job being totally and fully completed in 2013,” said Mahlangu.
The Potato Shed development includes retail shops, hotelThe Potato Shed and The Majestic developments include retail shops, office and hotel space“The JPC is excited to be involved in such ground-breaking projects that create employment, increase property values and enhance service delivery to the citizens of Joburg,” said the company’s managing director, Helen Botes.
“Through such projects, we are hopeful that we will be contributing to the mayor’s key priority projects and, of course, helping the government reach its employment targets.”
The JPC has a number of other projects in the pipeline: a nursery and motor dealership as part of the Orlando Ekhaya venture were put out to tender in September 2010; and the Heroes Bridge and Northern Farm (Diepsloot Nature Reserve) initiatives in Diepsloot.
It is also proud of recently completed projects, in particular the University of Johannesburg Soweto Campus, which was officially opened on 4 February. It forms an arm of the massive Orlando Ekhaya venture.
It involves upgrading the non-operational Orlando Power Station and its cooling towers into a lifestyle centre with multi-use residential and commercial properties, complete with leisure and retail facilities.
About R1-billion has already been set aside for the development, which is a partnership investment project between the City and the private sector.
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