If you were to take a trip to the parking lot of the Market Theatre in Newtown, you may notice a considerable amount of construction taking place between the parking lot and the motorway. This construction is for the Newtown Potato Sheds, a mixed-use node currently being developed by Atterbury Property and facilitated in part by the Johannesburg Property Company as well as the Johannesburg Development Agency (JDA) in achieving the vision of Newtown as Joburg’s cultural precinct.
The Potato Sheds is a development of 80 000m2, consisting of a 34 000m2 shopping mall, 37 000m2 office space, as well as a hotel. On the basis of the renders available, it appears that confirmed tenants include Ster Kinekor and Edgars, which alone represent a fairly significant investment into the city.
Perhaps the most exciting news, however, is the return, so to speak, of Nedbank, the only one of the big four South African banks to have moved headquarters to Sandton from the city (although Nedcor has always remained in the city).
The development therefore is not only a significant injection of private investment and confidence into Newtown, but is the first major retail and leisure investment in the city for a while. Although the city has always had a proliferation of retail and leisure options available, these have been continuations of the old (i.e. Carlton Centre, Small Street, Kerk Street) rather than injections of the new.
It will be interesting to see how this corner of the city responds to the injection of private investment. Its location certainly mirrors nicely Stimela Square further to the south.
Madge Rutherford Minton, W.W.II WASP, friend and contributor to the Atterbury-Bakalar Air Museum passed away November 7, 2004 at age 84.
Madge was one of the first four women in the United States to graduate from the Advanced Civilian Pilot Training Program. In 1943 she joined the newly organized Women’s Airforce Service Pilots and was trained to ferry Army aircraft.
She was a member of the Ninety-Nines, International Organization of Women Pilots, P-51 Mustang Pilots Association and served on the board of the P-47 Thunderbolt Pilots Association.