Two parties in running for prime Queenstown site

SHARE

Ngai Tahu Tourism and the Queenstown Lakes Community Housing Trust are in pole position to develop a prime piece of Queenstown property.

Queenstown Lakes District Council today (Thursday) confirms that Shotover Jet owner Ngai Tahu Tourism and the affordable housing trust are its preferred development partners for a portion of its Lakeview site at the top of Man Street.

The council selected these two parties from seven expressions of interest.

The council advertised for expressions of interest that fitted its objectives for the site, which include a high-quality, predominantly residential community.

Council finance manager Stewart Burns (pictured) states: “At this stage we can confirm that the [community housing] trust is looking at developing a portion of the [four-hectare] site for community housing, while for commercial reasons Ngai Tahu has asked that its proposal continues to be in confidence.”

Community trust chairman David Cole says the site’s close proximity to town “makes it an ideal residential location for the many key workers vital to the functioning of Queenstown”.

Burns adds: “Proceeding with discussions on the two proposals allows council to sort out how it will finalise the structure plan that makes cohesive use of the whole site.”

The site was first offered for development on a leasehold basis in 2005.

Two parties showed strong interest but the global financial crisis meant the proposal was parked, Burns earlier said.