- New Opportunity
- $250,000 - $350,000 (NZD)
Details of a new billion-dollar town centre planned for in Pāpāmoa East that will be four times the size of Bayfair Shopping Centre and surrounded by 11,000 new homes have been revealed.
The Sands Town Centre will be mixed-use, with stage one including a $100 million aquatic centre with a 50m Olympic-sized pool, a large health hub and retirement village.
A large supermarket and retail outlet was also planned for the centre, around which 11,000 new homes are planned to be built.
Nathan York, chief executive of town centre developers Bluehaven Group, gave his submission to the Tauranga City Council’s Long-term Plan 2021-2031 on Wednesday (June 16, 2021).
Both economic development agency Priority One chief executive Nigel Tutt and Tauranga Chamber of Commerce chief executive Matt Cowley said the interchange was needed.
Cowley said Pāpāmoa East had an exciting future but was constrained by its lack of access to the TEL.
“Papamoa East has needed another connection onto the TEL for a number of years as the growing population is currently dependent on just two routes being available.
About the Opportunity
Papamoa, as Tauranga’s largest and fastest growing suburb, shows all the signs of substantial, long-term economic expansion. Papamoa Plaza sits in the heart of the Papamoa suburb. With 650 free car parks, two anchor tenants (The Warehouse and Countdown) and 50+ specialty stores, it is visited over 3 million times annually and attracts over $104m in annual sales.
With a population that’s growing at twice the national average, large areas of available land in close proximity and annual building consents at double the greater Tauranga average (640 p.a.), Papamoa represents a high-growth cell within one of the country’s fastest growing regions.
Brand new site opportunity now available! Don't miss out!