Developments quench thirst for retail, accommodation, commercial needs

28 July, 2017

The demand for commercial, retail and housing space in Cambridge will soon be alleviated with major construction projects on track. There are 10 major developments in progress.

Underground work was almost completed on the Lakewood development site near Lake Te Ko Utu. The steel framing could be seen for the first accommodation buildings at the site and it has pleased the project's developers, Greenstone Group. Its spokesman Ben Jones was excited by Lakewood's progress.

"A second pad is ready for the first commercial building concrete pour and the public will see things move quickly from this point.

"Resource consent has been approved for 31 town houses, sparking exceptional interest and details will be released later this month."

He said strong sales for apartments has meant 80 per cent were sold.

"Although there remains strong retail enquiry for the available 3600spm available space, options remain available."

Construction on the 700 sqm double storey retail/office complex in Empire St is shaping up for occupation in September. Businesses Spoken Cycles, Cooney Insurance, Vigour Physio and M4 Property will tenant the building.

The Brian Perry Charitable Trust is developing the 86 bed, Podium Lodge on Peake Rd. Spokeswoman for the project Jennifer Palmer said construction is on track for a December opening.

"Podium will complement Waipa's world class sport and recreation facilities by providing affordable, bespoke accommodation," she said

The Moxon Centre retirement complex which forms a central part of the Selwyn St Andrew's Village is about two weeks behind on its construction schedule but will be completed in November. Village manager Rachel Hall said sales have been confirmed for 10 of the 11 apartments.

Progress on the Te Awa Retirement Village continues and a spokesperson for the developers suggested some units may be occupied later in the year.

Developments on the Mighty River Domain at Lake Karapiro, including the Podium Cafe and Canoe Racing High-Performance Centre, were progressing to schedule.

Section clearing has started on a Wilson St site for a single storey/office building due to be completed at the end of the year.

Similar work is due on the site of the multi-level Alpha St complex.

Civil works were underway for the Cambridge Riverside development but no sign of work on the 20 room bed and breakfast accommodation planned for Hamilton Rd.

 - Waikato Times

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