Vinegar Lane comes to life Work starts on Progressive Enterprises’ Ponsonby Retail and Business Precinct

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11 October 2013: Work has officially started on Progressive Enterprises’ Ponsonby retail development, Vinegar Lane, located on the corner of Pollen Street and Williamson Avenue in central Auckland.

Auckland Central MP, Hon Nikki Kaye, is today marking the start of the initial site works and subdivisions for the Vinegar Lane retail development, which includes individual site lots which will then be developed by each lot owner. Progressive’s Cider Building, which will be the second stage of the project will comprise a supermarket, five levels of basement parking and three levels of offices.

Adrian Walker, General Manager for Property at Progressive Enterprises, says the company is delighted to have reached the first major milestone of the project, and expects some initial infrastructure works to be underway before the year is out. 

“We’ve worked very hard to design a development that is befitting of this iconic part of Auckland, and have worked closely with the Council and local community to put our consent and design plans together. We truly believe it’s the beginning of a very positive transformation for a site that has been empty for some years,” says Adrian.
The new generation Countdown supermarket planned will provide a full service offer for customers, and is a central feature of the development that will cater for this growing community in central Auckland.
The project will be one of the largest retail developments underway in Auckland with the total investment for the development expected to exceed $200 million, with $100 million of this specific to Progressive Enterprises investment in the project.
Office leasing for the Cider Building has started with CBRE appointed to lease approximately 7500 sqm of office space on top of the supermarket, and car park sales which are underway.

Leasing for the Vinegar Lane speciality retail spaces is also in progress with five leases secured and designs in place, and five still to be secured.

“We’re excited to see the creative and high quality design plans start to come to life, and can’t wait to bring a new supermarket and retail development to this special part of Auckland,” says Adrian.

The site works and subdivision for Vinegar Lane is being undertaken by construction company Vuksich & Borich. Work on the Cider Building is expected to start in the first quarter of 2014.

For more information visit www.vinegarlane.co.nz. 

ENDS

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