Richmond to get big retail boost

LAURA BASHAM
Last updated 12:58 12/03/2014
Field Junction

NEW LOOK: An artist’s impression of the proposed Field Junction Retail Park in Richmond.

Relevant offers

Plans have been unveiled for a big new shopping centre in Richmond's Lower Queen St.

Field Junction Retail Park is to feature 13 new premises ranging from 500 to 5000 square metres for larger ‘bulk retail' operators, with parking for 547 vehicles.

It is to be developed on a 5.5 hectare site owned by McShanes Holding, a company owned by the Field family, Alan, Peter and Phillip Field who previously ran Berryfields.

Tasman district mayor Richard Kempthorne said he looked forward to seeing an application coming into the council. It was in a mixed business deferred zone which meant the company would need to ask to have the deferred zone lifted for the provision of services.

It is the latest in a series of developments in Richmond that include a new KMart store, the building of a new Warehouse store, resource consent granted for Olive Grove, a plan change granted that will allow Foodstuffs to build a New World supermarket at Three Brothers Corner and proposed residential subdivisions.

The Field Junction project is being facilitated by property developer Graeme Dick, and is being sold and leased through Bayleys Nelson.

Project sales leader Iain MacFadyen said the property was being marketed through three different options - either purchasing the entire 5.5 hectares with potential to have a controlling interest in the development, expressions of interest to purchase selected parcels within the development, or to secure a lease on completion of space within the bulk retail complex.

Mr MacFadyen said the development was set to be a cornerstone of the Richmond West Development Plan to accommodate the expansive growth of the region.

"Zones" within the Field Junction Retail Park site have already been defined into several complementary sections - encompassing bulk retail, hardware, homeware, furniture, clothing and accessories as well as

cafes and a restaurant.

"Tenancies targeted for the precinct feature most of the big-name chains in New Zealand," Mr MacFadyen said.

He said the concept was modelled on the Tower Junction Retail Mega Park in Christchurch. It has a diverse range of retail establishments such as Baby City, Bivouac Outdoor, Toyworld, Bed Bath and Beyond, a Speight's Ale House, and Bunnings.

"From this retail core, social amenities are bolted on - which is where town planners commonly see the likes of pharmacies, gymnasiums, and entertainment zones come into their own."

The surrounding commercial spaces would be targeted at businesses in the agri-sales and service sector whose clientele come from the wider Nelson bays rural region, he said.

Mr MacFadyen said he expected Field Junction Retail Park to become a focal point as a bulk retail convenience hub for Richmond residents as well as from the Nelson and bays area.

Concept plans were also underway for a business park to the west and south of the bulk retail park as well as a large residential subdivision adjacent to the east which could see as many as 500 sections, Mr MacFadyen said.

He said a lack of land availability since the early 2000s, had seen a "log jam" for the development of commercial, retail and light industrial premises around Richmond's city fringe.

Ad Feedback

With the Richmond West Development Plan now deemed operative, that "log jam" was showing signs of bursting to service the forecast population growth in the region through to 2050.

Field Junction is similarly named to another planned retail development, Nelson Junction, which was announced last August.

Colliers commercial broker Geoffrey Faulkner, who leads a national leasing campaign for Nelson Junction, said today it was "absolutely going ahead".

Nelson Junction, developed and owned by AMP Capital Property Portfolio, is a large format retail centre, predominantly homeware, to be built by the Mitre 10 Mega site.

Mr Faulkner said it was not a case of whether the region could sustain both Field Junction and Nelson Junction because there was already ongoing demand in Richmond and in Nelson.

"The purpose of Nelson Junction is to bring in bulk retail from outside the region to cater to both Richmond and Nelson, and stop the outflow of money to Wellington and Christchurch and further afield."

Nelson Junction had been well subscribed with about 12,000sqm under negotiation, he said.

RICHMOND RICHES

New developments in Richmond

New KMart store opened

Warehouse store being built

Field Junction precinct plans unveiled

Olive Estate resource consent granted

Foodstuffs to build New World supermarket:

plan change granted

New residential subdivisions planned

- Nelson

Comments

Special offers
Opinion poll

Does Nelson deserve to be classed as a city?

Yes

No

Don't know/Don't care

Vote Result

Related story: (See story)

Featured Promotions

Sponsored Content