Urban regeneration set for Johannesburg
March 31st, 2011 by H&R | Categories: hotels, restaurants
Johannesburg’s city centre has been undergoing a slow transformation that is soon to kick up a notch with the addition of mixed-use precincts that will see new hotel accommodation being offered in the area and the development of restaurants and retail spaces.
The Johannesburg Property Company (JPC) has set out four projects that are in various stages of planning and development in the Newtown precinct. This includes two mixed-use developments featuring hotels.
The Potato Sheds building development, worth R900-million, has been awarded through tender. JPC states on its website: “This modern high-density mixed-use and arts centre includes a 35 000m2 retail centre, as well as a 180-room hotel with a gymnasium and conference facilities, and basement parking.”
The Majestic building in Newtown is to be developed to the sum of R57-million and will comprise a mix of retail space and corporate office space.
A tender for Site 6 in Newtown has also been awarded for R316-million. Says JPC: “This is a dynamic mixed-use development featuring a world-class hotel for business and leisure travellers, a conference centre and gym, as well as retail space and basement parking.”
Another project in the pipeline for JPC is at Site 2 Central Place in Newtown – a R52.6-million development incorporating 608m2 of modern office space, as well as 4 159 m2 of retail space is planned.
