Newly minted: The Alpine Terraces at Arthurs Point


A 34-unit European-style terraced housing complex is nearly complete in Queenstown’s Arthurs Point.

It’s the third stage of Bullendale – an 88-unit ‘special housing area’ (SHA).

The first two stages, which sold to a good proportion of first-home buyers, comprised 14 and 12 freehold, semi-detached townhouses, respectively.

Co-developer and project manager Shane Fairmaid is delighted all 60 units, to date, have sold – stage three, marketed as The Alpine Terraces, sold out last September.

The first 14 stage-three units settled in May and the other 20 settle next month.

Prices ranged from an attractive $600,000 for two-bedroom units, up to almost $1 million for the five four-bedroom units.

This third, unit-titled stage, Fairmaid says, includes many special, innovative features.

It’s the largest steel stud building in New Zealand, for example.

There’s also central heating, high-grade doubled-glazed PVC windows imported from Europe, a special fire alarm system and shared basement carparking.

Fairmaid says Bullendale, as a government-approved SHA, went through a faster consent process than normal, and he and partner Buzz March were able to do more of a medium-density development.

Co-developer: Shane Fairmaid

The first two stages were built by Mike Greer Homes, with Fairmaid running his own crew on this latest stage.

Bullendale’s architect is Rob Campbell, from Foley Group Architecture, in Christchurch, while Fairmaid’s daughter Kate Fairmaid, from Bayleys Queenstown, handled sales.

Fairmaid says, contrary to some opinion, the development gets more winter sun than the likes of Fernhill and Frankton Road.

It also includes a sloping, child-friendly reserve, or greenway, which will be handed over to the council.

Out front there’s a walkway/cycleway which will connect to the Atley Downs subdivision via a proposed crossing over Arthurs Point Road.

The final stage will include almost 30 apartments, called Alpine Apartments, on flat land behind the first stage, and four upmarket homes on the hillside.

The apartments, similar to stage three, will go on the market soon.

Fairmaid thinks the homes will appeal to expat NZers coming back to the country.

“Obviously, the Covid situation has made things a little bit tough for people, particularly the tourism side of things, but I do think there’s opportunities, too.

“I think people have a lot of confidence in Queenstown, long term. Queenstown always comes away

Mountain Scene reported in May that March and prominent Aussie Frank Tomasi, had finally got council approval for a second Bullendale SHA western extension to the current development.