Retailers and other business occupants are being sought for 23 ground floor commercial units in the nearly completed first stage of probably the largest apartment project under construction in New Zealand.
The units range in size from 37sq m to 120sq m with some having mezzanine floors; and are part of the Rose Gardens Apartments complex on Don McKinnon Drive overlooking the Albany Lake Reserve. A total of 800 apartments are planned for the 2ha site with the first stage comprising six buildings that will be progressively completed towards the end of this year 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 the development.
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 owner occupiers will be considered with a strong brand profile that can add value to the development," says Zhong. "We have already identified some key tenants to 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.