Terrace concept starts to take shape

22:31, Dec 22 2013
The Terrace - foundations laid
FOUNDATIONS LAID: The first stage of The Terrace development is due to open late 2014.

Reinforcing steel has been laid as work on Antony Gough's $140 million Oxford Tce development continues.

Stage one of The Terrace will include two buildings facing on to Oxford Tce and a third facing Hereford St. It is scheduled to open late next year and will include retail, hospitality and office space.

Construction of stage two will start early next year and will include two buildings to complete the central piazza, while stage three may include residential apartments.

Westpac Terrace plan
ARTISTS' IMPRESSION: The new Westpac headquarters will be on The Terrace.

The completed development will include 45,000 square metres of built space where up to 2000 people are expected to work.

The Terrace concept plan aims to promote the river with flights of broad steps, ramps and decks between the Bridge of Remembrance and Victoria Square.

Christchurch Central Development Unit director Warwick Isaacs recently said he expected other new developments "right next to The Terrace" to kick off early next year as part of the retail precinct.

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