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August, 2017 One of Queenstowns longest established development companies,Remarkables Park Ltd, and investment company New Ground Capital this month announced a new 200-apartment housing project to help address a number of Queenstowns most pressing issues. As a result of its international and domestic appeal, the unprecedented rate of tourism and population growth in Queenstown has created a set of challenges or symptoms of success. Our region is suffering from traffic congestion, a lack of housing stock, a shortfall in visitor accommodation and a need for new tourism infrastructure to keep up with demand and expectations, said Remarkables Park Ltd chief executive, Alastair Porter. Mr Porter said there is no one solution to any of these problems so they must be tackled by multiple solutions. He said Remarkables Park, the districts largest mixed-use high density zoned development, was designed to provide a wide range of integrated retail, business, visitor accommodation, medical, entertainment and living options. He said he believed Remarkables Park could make a significant contribution by ensuring it provided residential accommodation that enabled staff to live close to work, play, education and recreation options, and in turn give businesses confidence that accommodation was available for staff. Mr Porter said we have worked closely with New Ground to provide them with a site at value that works for affordable accommodation. He also said that given it was hard to reduce building costs, he was an advocate of building to higher heights, reducing the need for private cars by promoting the ability to walk or cycle to work, and creating a greater critical mass to support public transport and other options like shared cars, ferries and Gondolas, and reducing development levies for recreation and roading. I believe that Remarkables Park can contribute solutions on a number of levels including working closely with partners offering purpose-built, high-quality workforce accommodation thats close to where the jobs are now, and will be in the future. Thats what New Ground Capital is working to address and were delighted to be working with them, said Mr Porter. Were also addressing traffic problems by giving people the option to live close to their work, shopping, recreation options and public transport. Recreation includes encouraging biking by our long-term financial commitment to the Queenstown Trails Trust for Twin Rivers Trail development and maintenance, he added. Roy Thompson, New Ground Capitals Co-founder and Managing Director, said choosing to build at Remarkables Park gives us the ability to deliver apartments close to work options, shopping and public transport. It will help employers to recruit and retain valued staff by securing access to healthy, comfortable accommodation in a great location with incredible mountain views. Remarkables Park is a true mixed-use development thats been well integrated in its design and planning. Were confident that our accommodation project will thrive here because it will be near to residents places of work and situated within a very short distance of a wide range of other facilities including public transport, restaurants, supermarkets, retailers, medical facilities, schools and close to trails and recreation, said Mr Thompson. The development is to be located on the corner of Cherry Blossom and Copper Beech Avenues, adjacent to the existing Remarkables Park Town Centre, opposite BNZ and Southern Institute of Technology and will comprise of approximately 200 apartment units split across studio, 1 bed and 2 bedroom configurations. Styled along co-living lines with management and facilities that help build social interaction amongst residents, the development will feature shared lounge areas, as well as a café and bar, in addition to the cooking facilities provided in each apartment. The residential complex will be managed by New Ground and local employers will be able to lease multiple units or whole floors on fixed lease terms. Mr Thompson said designs are now being completed and he expects to have the resource consent application filed by October. Construction is expected to begin early in the new year with the aim of having the first apartments available before Christmas 2018. Mr Porter said in our experience, mixed-use developments can cater well for a resort towns workforce and part of that is about having a wide range of age groups as residents and visitors. You create an authentic and attractive community in which different people are doing different things, at different times of the day. This adds to vibrancy and sense of security, creating an appealing mixed-use environment, said Mr Porter. With more than 1,000 people already working at the airport and in Remarkables Park, and with the High School opening nearby, and more retailers, businesses, hotels and Conference Centre scheduled, Mr Porter said there is already significant demand for staff accommodation at Remarkables Park Town Centre. Mr Thompson said New Ground Capital is seeking to lease apartments to Queenstown businesses looking for secure, comfortable and affordable accommodation for their staff within the attractive Remarkables Park Town Centre location.
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+64 27 444 1104
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