By GUY WILLIAMS
Five Mile’s developer has unveiled plans for a major expansion of the Frankton retail and commercial hub.
Queenstown Gateway (5M) Ltd (QGL) has applied for resource consent for five new buildings: three of them, built over the existing car park behind the Countdown supermarket, would ‘‘complete the Five Mile development’’ and house a multi-screen cinema complex, offices and food and beverage outlets, documents show.
The other two, located across the road to the south, would house an ‘‘outlet centre’’ split into multiple tenancies.
The application says leasing agreements and tenants have yet to be confirmed.
QGL director Craig Greenwood says even if the consenting process goes smoothly, construction’s not imminent, and the application’s all about ‘‘future-proofing’’.
He’s picking a five- to seven-year timeframe for the project, which would expand Five Mile by about 8000sqm, or 10%.
However, it reflects the company’s confidence in the resort’s future, he says.
‘‘Hopefully this whole Covid thing is a blip, and should there be a vaccine in short order — or at least a bubble with Australia — I’m sure Queenstown will be a major beneficiary.’’
City Hall’s requested QGL commission an independent peer review of the application’s urban design assessment, but Greenwood says that’s routine, and it’s working well with the council’s urban design team.
‘‘They’ve added lots of value to it.
‘‘It’s been pretty helpful actually.’’
He’s reluctant to put a number on the project’s estimated cost: ‘‘It’s just too far out at the moment’’.
QGL bought the Five Mile site in 2009, and after getting resource consent for the development in 2012, started physical works in 2014.
Two more buildings are now under construction; the 120-room Sudima Queenstown hotel on the corner with State Highway 6, and a pub and beer garden, called The Crown, next door to Macaulay Motors.