Plans for a massive new subdivision in Frankton include swanky hotels, luxury townhouses, staff accommodation, tourist apartments and commercial units.
Remarkables Park Limited has lodged resource consent for development of 46 hectares of land stretching from Hawthorne Drive to Kawarau River.
Boss Alastair Porter says getting the green light and the completion of Red Oaks Drive and Mountain Ash Drive will be another boost for the Queenstown economy.
“It is great for Remarkables Park but it is equally great for the district and for tourism as [this] is the largest greenfield zone for new hotel development.
“Mountain Ash Drive opens up [land] for a couple of five-star hotel sites against the river.”
Longer term the roads will link to Remarkables Park Town Centre and Porter’s proposed convention centre, gondola base building and other hotel developments.
A ferry service, providing a link to downtown Queenstown, is also in the pipeline.
Two big-brand names have signed up to build three hotels and serviced apartments near the new Wakatipu High School site.
“We are obviously out there looking and talking to people about the other development sites.
“Certainly in this area south of the [Wakatipu] high school we see more residential, but again apartments, a mixture of ownership and rental.”
While Porter can’t reveal names of the big-brand hotels, he describes it as the next piece of the puzzle for the Frankton Flats.
In August, investment company New Ground Capital announced plans to build 227 units on a one-hectare site below the Remarkables Park Town Centre and opposite Southern Institute of Technology’s Queenstown apartments.
The apartments, a mix of one-, two-, and three-bedroom, have been pitched as Queenstown’s first major worker accommodation flats.
Porter says the new subdivision – which includes 19 new lots and reserve land – will also help with the housing shortage locally.
“In addition to what New Ground is doing there is a big need for staff accommodation here.
“By the high school [site] there will be staff accommodation – this is more high-density residential.”
During her tenure, former mayor Vanessa van Uden criticised land owners for delays in developing land already zoned as residential.
City Hall proposed land-bankers could be hit with higher rates in a bid to get things moving.
However, Porter says network infrastructure, including Hawthorne Drive which opened in December, was crucial to getting development underway.
“We couldn’t offer those sites before because we didn’t have the road formed.”