University of Waikato Professor Alister Jones and Vice-Chancellor Professor Neil Quigley are next to the new CBD campus which is set to be complete this year. Photo / George Novak.
The article was originally published in NZ Herald
Photo and article from New Zealand Herald news
Tauranga" 's booming commercial sector is expected to continue to grow this year with about $350 million in commercial construction already underway or planned for the city centre alone.
The $39m new CBD university campus, $30m Latitude Apartments on Cliff Rd, and $5.7m Quest Apartments on Durham St are expected to be completed this year.
The $130m farmers redevelopment under construction in the CBD is expected to be completed by 2022.
Priority One" 's building consent figures show the $24m multi-storey parking building and bicycle hub on Harington St was the largest commercial consent issued in 2018.
That was followed by $20m for stage two of Tauranga Crossing, $19m for the groundworks of the Farmers redevelopment, $13m for extra units at Pacific Coast Village, and $12.5m for the refurbishment of the Bay of Plenty Regional Council building.
Priority One projects manager Annie Hill said it was great to see ongoing confidence investors had in commercial property.
Tauranga City Council building services project manager Phil Roberts said the central city would be transformed in the next few years.
"The new Farmers building and the university are among several projects that will help grow the CBD," he said.
Roberts said Farmers and the Bayfair Shopping Centre project alone were likely to have a combined building cost of more than $235m.
"Projects like these bring more jobs and people into Tauranga, and will inject even more life into our vibrant CBD."
Read more on New Zealand Herald News
