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January, 2019 Queenstowns bustling Five Mile retail and business centre continues togrow from strength to strength with its latest building opening officially this month and plans for a new hotel in the pipeline. A new $30 million, five-storey building officially opens at Five Mile Business and retail centre this month, adding another 5200sqm of gross floor area to the fully-tenanted centre. The building was designed by Richard Chambers of Queenstowns JCY Architects and will house a wide range of business and hospitality outlets. Richard says the design was inspired by the way a glacier carves its way through the side of a mountain, like natural rocks exposed by a glacier over time. Even though the building is one of the largest in the Frankton Flats, weve broken the form into bite-sized chunks so it fits with its natural surrounds and has different elevations and angles, he says. Key tenants include law firm Mitchell Mackersy, Craigs Investment Partners, construction services company Project 360, Focus IT, Landmark Homes and building company Naylor Love. Naylor Love has not only built the current building but has been the main contractor for every building in the centre to date. Hospitality success story Joes Garage will be a major drawcard for the centre when it opens on the ground floor. Joes started in an old post office garage 15 years ago in central Queenstown and now operates in 12 locations around New Zealand, with the new Five Mile offering making it lucky 13. The new Joes will feature an outdoor fireplace and seating, where diners can take in expansive views of The Remarkables mountain range with their coffee and world-famous-in-New-Zealand sweetie. Joes will be joined by a number of other food retailers with details to be announced shortly. A number of tenancies of varying sizes are still available on the second and third floors, while the first floor is a flexible space set aside for smaller office users. Five Mile opened three years ago with the launch of Countdown supermarket, closely followed by The Warehouse and other anchor tenants. Developer Craig Greenwood of Queenstown Gateway 5M Ltd says Five Mile has grown up in a short space of time to become a lifestyle precinct with everything from a gym, childcare, restaurants and cafés, to business services and retail outlets large and small. Its warm, sheltered and sunny here so it was a natural progression to see commerce in the Frankton Flats area, and staff and customers enjoy having plenty of parking immediately to hand and not having to battle central Queenstown traffic, he says. With growth in the Queenstown-Lakes population you were always going to see associated good growth in retail, entertainment, food, work space and accommodation areas. Mr Greenwood says with Joes Garage and other food retailers coming to Five Mile, together with the momentum of businesses coming to nearby Queenstown Central, the whole area is becoming a community-focused hub. With the latest new building about to open, attention is turning to a consented 120-room hotel building at the entrance to Five Mile. Mr Greenwood says he has strong interest in the site from a number of hotel operators who recognise that there is a niche for hotels in Frankton. Were looking to announce more details and a hotel operator in the near future and should start work on the project by mid-2019, he says. At 16000 sqm gross floor area it will be the biggest single building at Five Mile and also the last major building to finish off the development. As with other buildings it will also house an exciting mix of retail and business outlets on the ground floor.
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