Mixed Use Inner City Space

Those of you who read my monthly column regularly will know how passionate I am about revitalising the central city. To survive it needs not only retail, office and civic developments, but a strong residential component as well.

The recently announced Riverbank Quarter for the corner of Cambridge Terrace and Manchester St combines both residential and work uses in 17 live-work units of two and three-storey classic red and white brick terraced townhouses designed by architects Stufkens and Chambers.

People have the option to buy the units already fitted out or alternatively, they will be able to fit the units out as they wish. The apartments will be upstairs, with commercial activity at street level or as a pure residential two-level home. I expect it will be bespoke-type businesses which will be interested in this type of development. The location, so close to other great inner city activities and examples of progress such as New Regent Street, the Margaret Mahy Playground, the Town Hall and Forté Health, is a business owner’s dream.

The project approved by Crown development company Ōtākaro, is a really exciting, innovative prospect. Exactly what is needed to speed up central city growth and it’s due to get underway immediately for completion in 2020. The units range in price from $595,000 plus GST, as a shell.

The developers are the DGM Group who have also undertaken several other central city projects including the three-stage Rakaia, Juno and West Kilmore apartment development by Cranmer Square and the Metro, Braemar and Dorset St apartments. They have the future of the CBD at heart as well.

Contact me at mark.oloughlin@harcourts.co.nz for more information.