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Diversifying: An artist's impression of Jack's Point's luckury apartment complex Village Works Quarters

By PHILIP CHANDLER

A second commercial/residential precinct at Queenstown’s Jack’s Point has hit the market.

With Clubhouse Lane underway after its 100% selldown, development company Falconer’s now released ‘Village Works’, on adjacent Lot 13, which has two product offerings.

Village Works Quarters comprises leased ground-floor commercial premises — with a ‘destination-style’ Italian restaurant in the middle — and 16 luxury upper-level three-bed, two-bath apartments.

Eight are on the first level, while the eight above include 125 square metre rooftop terraces featuring an entertainment area, gas BBQ, fireplace and hot tub.

Each apartment comes with two base ment carparks and storage areas.

Prices range from $1,995,000 to $2,750,000 for a total retail value of $40 million.

Two of the top-level apartments have pre-sold to Aucklanders.

Village Works Lofts comprises 23 commercial work/live/lifestyle units with commercial spaces on the ground floor and studio, one- and two-bed apartments on the upper floors.

Being snapped up: Village Works Lofts’ live/work units, priced from $950,000 + GST, are in high demand

They’re priced from $950,000 plus GST, and 43% have already pre-sold — the total retail value’s $25m.

Falconer sales manager Willie Baddeley, who’s selling Village Works alongside new colleague Julia Franklin, says these units are attracting interest particularly from IT  professionals, lawyers and out-of-town consultancies wanting a Queenstown base.

Baddeley notes a lot of people would love to work from Jack’s Point but nothing has been available till now.

He adds the expansion of Jack’s Point’s commercial offering — with the likes of bars, cafes, boutique food retailers, hairdressers, wine and bike shops — provides ‘‘some excitement’’ Jack’s Point residents have been waiting for.

Village Works owners can also let out their units for visitor accommodation 365 days a year.

Like Clubhouse Lane, timber structures and panels will be prefabricated to high building standards by Cromwell-based Hector Egger NZ.

And, again, Auckland’s Archimedia’s designed Village Works.

Construction’s due to start early in the new year.

scoop@scene.co.nz