Exciting times are brewing in central Tauranga! The beautiful inner city is getting a much-needed revival to modernise it and satisfy the changing landscape of the Bay of Plenty. Tauranga CBD is set to come alive with new shopping areas and inner-city apartments which promise great things for local businesses. Let’s explore what is going to pop up right before your very eyes in the next couple of years…
Bayfair Overhaul
The much loved Bayfair Mall is in line for a $100 million upgrade which includes 50 new shops, a 7 screen movie theatre, an alfresco dining section, a new Countdown supermarket and 200 new carparks. Having been built 30 years ago, the mall complex is due for an upgrade. And what an upgrade it will be! The mall will increase by a third in size and boast a whole range of new and exciting shops.
The mall is owned by AMP Capital who are clearly confident in the continuing power of retail. Yes, online suppliers like Amazon are entering the New Zealand market in a way they haven’t before, but Bayfair’s continuing popularity prove they aren’t a threat to local retail. Tauranga’s rapid growth and tourist visitors show the need to upgrade already great resources.
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Farmers Building
Melbourne modern is coming to Tauranga CBD! The proposed 9-storey retail, eatery, carparking, apartment and townhouse complex will be built on the intersections of Elizabeth Street, Devonport Road and 1st Ave. The $100 million building will house 73 apartments and 23 townhouses sitting above a 2 storey retail space which will include Farmers.
The retail area will also offer a strip of cafes and restaurants along Elizabeth Street with balconies that overlook the city centre. The move to include cafes and restaurants with retail allows shoppers to have a broader shopping experience.
This building will see Tauranga CBD exhibit levels of sophistication not seen in any other New Zealand city. It is a move towards the global trend of shoppers enjoying a comprehensive retail experience. A quality meal as well as hitting your favourite shops. The development is designed to create a people-focused place as opposed to just a square building.
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Luxury Inner City Apartments
The 6-story Latitude Residences on Park Street will bring almost 100 new inner-city apartments to Tauranga CBD. It is being built in response to the growing need for quality city residences. More and more people are looking for residence options that are close to amenities, eateries and nightlife. They seek a lifestyle that is about quality, convenience and refinement.
There will be one, two and 3 bedroom apartments available. They will include studies, decks, inner harbour and Mount views, as well as carparking. The complex reflects the growth of Tauranga it’s development into a modern city.
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Convenient Apartment Living
One Selwyn will be a 7-level apartment complex built on Selwyn Street, overlooking the Waikareao Estuary. The 19-unit apartment complex above Takitimu Drive joins a planned 31-unit complex behind the police station in Cliff Rd, the six-unit Beeches on Monmouth and the 42-unit Quest boutique apartment hotel in Devonport Rd.
As you can see, there is a real resurgence in the popularity of inner city living. There has already been plenty of interest from buyers who want to be close to Tauranga CBD without the hassle of lawn maintenance and the like.
There has been a real shift in mindset when it comes to housing. Many people are looking for a convenient lock and leave option that helps them avoid traffic congestion.
The landscape of Tauranga CBD is set to change over the next few years, embracing a more modern way of living and shopping. This is exciting news for local businesses, as well as residents and visitors to this beautiful city. We can’t wait to see what happens next!
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