Newtown Junction development coincide with Market Theatre precinct revamp

Posted On Monday, 06 May 2013 14:59 Published by Commercial Property News
Rate this item
(0 votes)

The big hole being dug in Newtown is the start of a R1.2bn retail and office development incorporating some of Johannesburg's most historic buildings.

Newtown DevelopmentThe hole was one of the biggest dug in the inner city since the construction of the Carlton Centre. It was that big to accommodate the underground parking which would be part of the new, 30,000sqm Newtown Junction, which was being built among heritage buildings, including the historic potato shed.

The project coincided with the revamp and extension of the Market Theatre precinct and was expected to draw in additional 5000 people and 2500 cars to the central business district.

The Star reported that the centre would be linked to the upgraded theatre precinct, so theatre goers would be able to walk over the railway lines on refurbished original pedestrian bridges to dine and shop after shows. It would house two major retailers, fashion boutiques and restaurants.

"Newtown has the crown jewels of Joburg with its history and old buildings, many of which have been sadly neglected," architect Jeremy Rose, of Mashabane Rose Architects was quoted as telling the newspaper. "Through this new development, we want to combine the old with new, but still holding on the city's memories.

"The new building will be adding to the progress of the city. These historic sites are lying vacant and disused, and our history is going to be lost for ever if something is not done," he said. The Newton Junction is expected to open in December 2014.

Last modified on Saturday, 18 May 2013 23:31

Most Popular

Kommetjie master plan development on the cards

Jul 11, 2020
A new mixed use development is being planned near the landmark Imhoff Farm in Kommetjie,…

Redefine Properties appoints Diane Radley to board of directors

Jul 21, 2020
JSE-listed diversified Real Estate Investment Trust Redefine Properties (JSE: RDF) has…

Will the repo rate hold or fall? Experts divided

Jul 13, 2020
South African Reserve Bank
Experts are divided on whether the South Africa Reserve Bank (SARB) Monetary Policy…

Commercial Rental Market Survey sees declining market activity and rising vacancy rates in Q2 2020

Jul 10, 2020
In this report, we discuss the 2nd quarter 2020 results of the rental market component of…

Lower house prices in the Western Cape behind renewed interest from first-home-buyers

Jul 16, 2020
Carl Coetzee CEO of BetterBond
Property in the Western Cape is regarded by many as among the most expensive in the…

Please publish modules in offcanvas position.