Demand for Timaru CBD inner city living
Interest in the Hydro Grand redevelopment signals demand for accommodation in Timaru's central business district, prominent real estate stakeholders believe.
More than 170 people have registered interest in the concept of residential apartment living in the redevelopment, Harcourts sales consultant Stewart Burgess said. Plans had not been finalised, with some fine-tuning going on in terms of how the final layout would look, he said.
Aoraki Development operations manager Di Hay said Aoraki Development would welcome an increase in the number of people choosing to call Timaru's urban centre home.
"It's well proven in other larger centres in New Zealand and around the world that inner city living helps to bring a vibrancy and dynamic energy into city centres. This development could help in boosting a vibrant, thriving central business district in Timaru, which is good for all of the Timaru District and the wider South Canterbury area, so ultimately benefits everyone who lives here.
"By having a thriving urban centre it will also help attract new people to come and live here and work in our businesses, and perhaps set up new businesses too."
Pictured: Artist's concept of the proposed development on the Hydro Grand site.
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Read the article in full in the Timaru Herald online