Retailers and other business occupants are being sought for 23 ground floor commercial units in the nearly completed first stage of what is being described as New Zealand’s biggest apartment project under construction.
The units ranging in size from 37m² to 120m² (some with mezzanines) are an integral part of the Rose Gardens Apartments complex located on Don McKinnon Drive overlooking the Albany Lake Reserve. A total of 800 apartments are planned for the two hectare site, the first stage of which comprises six buildings which will be progressively completed in late 2017 and early 2018.
The first stage encompasses a total of 201 one-to-four-bedroom apartments which have been sold off the plans to a mix of owner occupiers and investors. The developer NZ Rose Garden Development Ltd has appointed Bayleys North Shore Commercial as sole agents for the marketing, leasing and selling of the ground level commercial units located around
Eddie Zhong, who is managing the project for Bayleys in conjunction with Adam Curtis, says a mix of retail, service and office occupants are being sought for the commercial space. Two of the units which incorporate mezzanines also offer work and live options.
Expressions of interest are being sought from interested parties. “We will be mostly focusing on securing good quality tenants in the first instance but the developer has indicated they will also consider owner occupiers with a strong brand profile who can add value to the development,” says Mr Zhong. “We have already identified some key tenants that will be approached. The developer wants to ensure there is a complementary mix of occupants, brand profiles and lease structures and that Rose Gardens has a point of difference from nearby Westfield mall and the Albany Mega Centre.
“These new commercial units offer a huge opportunity to service the substantial community that will live at Rose Gardens as well as people coming to Albany’s rapidly developing commercial centre to shop and work.”
Mr Zhong says occupants could include:
Mr Zhong says the developer will look at combining multiple units to suit the right larger occupant such as a gymnasium or leisure or entertainment facility. Assistance can also be provided with the units’ fitout, if required.
He says a major attraction for Rose Gardens’ residential and commercial occupants is its central location close to many amenities such as the Westfield and Mega Centre shopping centres, the Event Cinemas complex, Albany Stadium and the recently opened Albany Stadium Pool centre as well as Massey University. Albany’s park-and-ride bus station is also just a few minutes’ walk away.
“Another big attraction is the extensive landscaping that is being incorporated into the development as well as its superb positioning adjoining the expansive Albany Lake Reserve with a number of the commercial units having great views out to the water,” says Mr Zhong. “So you have the double benefit of being next to a beautifully landscaped, tranquil reserve but also being close to a wide range of facilities with the Westfield Mall, for instance, being a short walk away through the reserve, across the lake bridge.”
Around 300 people have been working on the first stage of the Rose Gardens development designed by Context Architects with CPM Construction being the principal contractor. The project incorporates two levels of basement car parking with a podium level over the top for the six separate apartment buildings. Each has been treated differently architecturally to provide individual identity and character.
Zig-zag frontages and generous spacing between buildings has been incorporated into the design to maximise sunlight and views. The buildings surround an extensively landscaped raised courtyard area that provides a sheltered central green space for residents to enjoy with views of the bush clad ridge to the north.
A 250m² long shared-space street will house many of the food and beverage and retail convenience tenancies with floor to ceiling glazing to maximise their exposure to passing vehicles and pedestrians
Damian Stephen, manager of Bayleys North Shore Commercial’s specialist retail team, says the Rose Gardens commercial premises are coming on the market at a time when there is little new retail space available in Albany.
“We went through a bit of a burst of new convenience
retail development a few years ago but most of this space
has now been soaked up so these new units are timely given the continuing strong demand for retail premises in fast growing Albany.”
The sold out sign has gone up on two of the larger new recent retail redevelopments, marketed by Bayleys North Shore Commercial’s retail team.
On the other side of Westfield Albany, all 30 units in two retail developments at Orchard Park, on Corinthian Drive, have been leased and or sold and are occupied by a mix of food and beverage businesses and essential service retailers.
There’s been similar success for the Rosedale Retail Centre in the Interplex Business Park where all 37 units have also been snapped up in another two-stage development.