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Riverview development part of Kaiapoi’s bright future

Retail will help the area regenerate



Long term investment with development potential/new-zealand/en-gb/news/916/long-term-investment-with-development-potentialAUCKLANDLong term investment with development potential
Former Fire Station on high profile corner site/new-zealand/en-gb/news/915/former-fire-station-on-high-profile-corner-siteCHRISTCHURCHFormer Fire Station on high profile corner site

Riverview small-min.jpgThe plan for a new development beside the Kaiapoi River is good news for the Waimakariri District, commercial real estate company JLL says. 

The 1400sqm Riverview development at 180 Williams Street, on the northern side of the river, will incorporate a café, a bar and seven retail tenancies ranging in size from 23sqm to 248sqm.

Jedd Pearce and Mark Revis, directors of PLC Developments Limited, are both locals who have a vision for the town’s future. They have appointed JLL as the master agents for this development. JLL agent Anton Ritani is leading the campaign. 

“Kaiapoi is regenerating after the damage suffered in the 2010 and 2011 earthquakes and its population is growing. In the 2013 census, the Waimakariri District was shown to be one of the fastest growing in New Zealand,” Ritani says. 

The Kaiapoi Town Centre plan focuses on revitalising the area around the river. 

“The council wants to spend around $8million to revitalise the river with walkways and pontoons,” Ritani says. 

“This development fits the vision for the area. Council has leased the developer the land to build this,” he says. 

JLL is seeking suitable retail and food and beverage tenants for Riverview and will also invite other agencies to collaborate in these leasing opportunities.

“PLC Developments is in the process of planning the groundworks for this project,” Ritani says. “When completed in late 2017 this will become a vibrant meeting place for the community and visitors to the district.”

The plan for Riverview includes a courtyard seating area, a sculpture, outdoor cafe seating along the riverfront and large areas of timber decking connecting the tenancies. 

“The design has strong visual appeal and I think this has the potential to become a really vibrant part of Kaiapoi,” Ritani says. “Just across the road is the 130-year-old BNZ building, which was given landmark status in 2010. It was closed after the 2010 quake as it had subsided, and was re-levelled in 2015. 

“The heritage of this part of town is particularly important since the museum (formerly the courthouse), the Methodist parsonage and the community centre were lost in the earthquakes,” he says. 

JLL’s National Director of Retail Sales and Leasing Chris Beasleigh says the plans for the development make sense. 

“The key is the food and beverage. If you put a great café and bar in there, it increases people’s ‘dwell time’ and the retail tenants will benefit. Ultimately they feed off each other as they draw foot traffic at different times. Café customers will pop into the retail outlets and vice versa. 

“The appeal of the riverside location means this has the potential to be a real destination. The right café operator will draw visitors from Greater Christchurch who want to experience dining in that setting. All of this is good news for Kaiapoi’s economy.”

Kaiapoi is approximately 20km north of central Christchurch or a 28-minute drive. It is seen as a local service centre for wider Kaiapoi, Pines, Kairaki Beach and Clarkville.  By 2038 it will be the nearest centre for some 8,700 households. Enterprise North Canterbury says many new businesses have now located in Kaiapoi and the employee count in the area is much higher in 2014 than it was in 2010. 

Read the True Commercial story here