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Remarkables Park Town Centre to Double in Size
Release from Remarkables Park Limited
15 October 2009
Click to enlargeRemarkables Park Town Centre expansion plan: grey buildings are existing, pink are to be built as part of the expansion.
A subdivision resource consent recently granted for Remarkables Park provides for extensive expansion of the Town Centre, effectively doubling the retail, food and beverage and office space available.
Remarkables Park
Limited (RPL) co-managing director Alastair Porter says the
expansion will provide the greater Queenstown region with a
second, full sized town center capable of housing large
national stores and an expanded range of
services.
“This expansion will reinforce Remarkables
Park as a high quality, one stop destination complete with
service and retail activity designed for local and regional
residents and visitors,” he says. “Notwithstanding the
recession, traffic to the Centre has grown by approximately
7% over the last 12 months with more than 4,000 vehicles
visiting daily.”
As part of the plan, 900 new car
parks will be established (there are currently 670 car
parks) and a Town Centre Green with a children’s
playground developed.
“The Green will be a place
where people can relax, enjoy a meal and allow children to
play.”
Remarkables Park Town Centre is currently
home to approximately 20,000 sq metres of retail, food and
beverage space and 5,000 sq metres office space with a
further 1,400 sq metres approved but not yet
built.
Under the approved new subdivision consent a
further 26,000 sq metres will be developed. These buildings
will provide predominantly larger stores for national
retailers along with some smaller local retail shops and
more restaurants and cafes.
“We have already
entered into leasing discussions with prospective tenants
for much of this space. We are now working with architects
and expect to building to get underway in 2010,”says Mr
Porter.
Under the plan, the Town Centre will
eventually be surrounded by higher density residential
accommodation which will include some residences above
smaller shops in the river side end of the development.
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