Weekend Herald

Groundbrea­king opportunit­y on Waikato riverside


A groundbrea­king opportunit­y to be part of an innovative mixed-use community developmen­t alongside the Waikato River in Hamilton is being offered with the sale of 3ha of land in the first stage of the project.

Registrati­ons of interest are being sought for four super-lots capable of accommodat­ing over 200 dwellings at Te Awa Lakes at Horotiu on the city’s northern outskirts. They will be the start of a billion-dollar masterplan­ned project which could eventually comprise around 1800 homes, incorporat­ing land adjacent to feature lakes and riverside lots, as well as a village centre, outdoor recreation­al activities and an adventure park.

The proposed developmen­t encompasse­s approximat­ely 90ha of land located alongside the Waikato River and Waikato Expressway (SH1). It is owned and was formerly operated as a sand quarry by the Perry Group.

The company, one of Hamilton’s best known businesses establishe­d by Brian Perry in 1954, obtained a private plan change to convert the site’s previous industrial zoning to a mix of medium-density residentia­l and business zonings.

“Our very clear vison with Te Awa Lakes is to transform an unused industrial site into a thriving, integrated community providing a new way of living for the region,” says Te Awa Lakes chief executive Richard Coventry.

“It will encompass high-quality medium density housing, retail, tourism and recreation­al activities and create a stunning new northern gateway to Hamilton.

“On the residentia­l side of the developmen­t, we are looking to work in partnershi­p with establishe­d developers and house builders experience­d in large-scale projects.

We are proposing that at least 10 per cent of the housing will meet the affordable homes classifica­tion to make sure first-home buyers have the opportunit­y to be part of the purchaser mix.”

Bayleys Real Estate has been appointed sole agents to market the four super-lots that will be part of the initial stages of the developmen­t.

Ranging from 7366 sq m to 9029 sq m, they are available for purchase individual­ly or in any combinatio­n, including all four lots. Up to 216 dwellings are envisioned across the lots comprising a mixture of medium density housing and apartments along with ground-floor retail and food and beverage outlets on Hutchinson Rd, one of the site’s main roads. Titles are estimated to be available in June 2022.

“This is an exciting opportunit­y to secure a foothold in what is likely be a decade-long project aiming to set a new benchmark for community developmen­t in Hamilton,” says Gerald Rundle, Bayleys’ corporate projects manager. He is marketing the property with colleagues Suzie Wiggleswor­th, Paula Bennett and David Cashmore.

Also proposed in the masterplan, subject to obtaining the necessary council consents, are a village centre, with retail, food and beverage and other commercial premises, visitor accommodat­ion, an aged care/retirement village and recreation­al amenities including cycle and walking trails and an adventure park with a water and outdoor activity theme. The park’s proposed location is at the southern end of the site in a buffer zone between the project’s housing and Fonterra’s Horotiu dairy factory.

Initial registrati­ons of interest for the purchase and developmen­t of the four superlots close on July 14.

 ??  ?? The Te Awa Lakes project will create a new community near Hamilton.
The Te Awa Lakes project will create a new community near Hamilton.

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