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The impact of rising interest rates and building costs are being felt at a $200 million Tauranga development that sold out within months two years ago –. ....
Pāpāmoa s commercial investment boom: New $200m Pāpāmoa Junction sold out 23 Apr, 2021 07:00 PM 6 minutes to read An artist s impression of what the new Pāpāmoa Junction could look like. Photo / Supplied A new mixed-use development in Pāpāmoa has almost doubled in value as demand for commercial space in the suburb soars. The now sold-out Pāpāmoa Junction on Parton Rd in Pāpāmoa East is estimated to be valued at $200 million once complete. Its original valuation was more than $100m. The news comes as Tauranga City Council has issued commercial consents worth nearly $33m in the Mount and Pāpāmoa area in the past six months. ....
Quest Mount Maunganui to re-start construction next month 24 Apr, 2021 03:00 AM 3 minutes to read An artist s impression of what the new Quest Mount Maunganui could look like. Photo / Supplied An artist s impression of what the new Quest Mount Maunganui could look like. Photo / Supplied Construction on a $20 million apartment hotel in Mount Maunganui will restart next month after Covid delays pushed the project a year behind schedule. The Quest Mount Maunganui development is on the corner of Rata St and Maunganui Rd, which was previously occupied by the Breakers cafe and bar for more than a decade. The development, including 40 apartments and four ground-floor retail spaces, was expected to open early this year. ....