C-Max to develop complex in Newtown

Posted On Friday, 02 July 2004 02:00 Published by eProp Commercial Property News
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C-MAX Investments was yesterday named as the preferred bidder for a multimillion-rand, mixed-use complex in Newtown, Johannesburg.

Graeme ReidThe announcement was made yesterday at a press conference by the Johannesburg Development Agency (JDA), which is owned by the City of Johannesburg.

The JDA said this was yet another major private-sector development in Newtown.

"Although a number of proposals were received, only one met all the criteria laid down by the JDA and its partners for the development of the first mixed-use (retail, commercial and residential) complex in Newtown," said JDA CEO Graeme Reid.

Reid said the inner city and Newtown specifically were well on their way to "effective rejuvenation".

C-Max Investments has been given permission to develop sites five and six of Central Place in the precinct . This will add about 20000m² of mixed-use space.

Reid said the JDA had signed the Gauteng Tourism Authority as a tenant for

No1 Central Place on the corner of Jeppe and Gogh streets.

It will relocate from Rosebank in May 2005 to take up 1870m² on a 10-year lease, occupying three storeys, including a 60-seater auditorium on the ground floor.

Nando's has also signed a lease and will develop a "new concept" store in an existing building in the Market Theatre precinct.

Protesters toyi-toyied outside the Workers' Library and Museum in Newtown yesterday, chanting and waving placards such as "Jozi Devil Agency", and claiming they were being evicted from their building in the precinct.

Reid said that in the late 1980s and early 1990s the building, which includes one of the original municipal compounds for black workers, was occupied by the Workers' Library, which provides books to the public previously restricted under the apartheid system.

In 2000 the City of Johannesburg signed a new lease with the organisation, which ended in March.

"In October last year we told them that the city wanted to manage this site as a museum. We've had talks with them," Reid said.

The JDA wants to manage the site as a museum and make it accessible to the public.



Last modified on Wednesday, 14 May 2014 16:15

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