Christchurch CBD developments Guthrey Centre and Plymouth Lane courting fashion tenants
Cashel St landlords erecting new buildings are courting fashion tenants as the opening of The Crossing boosts the central Christchurch retail strip.
A row of international fashion retailers opened their doors in the $140 million Crossing last week and shoppers queued for hours to be first into the South Island's first H&M store.
Releasing the first pictures of his $20m-plus rebuild on the nearby Guthrey Centre site, developer Richard Peebles said The Crossing's opening had made "a huge difference" to interest in his project.
"There are retailers coming out of the woodwork now, especially from Australia."
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Peebles' development would put 14 stores in four two-level buildings on the site, which he was buying from Peter Guthrey. Construction is expected to start in November and finish in April.
The land was next to Ballantynes department store on one side and will be connected by laneways to Peebles' farmers market project at the other end of the block.
"We're thinking a fashion focus, especially being alongside Ballantynes," Peebles said.
Next door, landlord Denis Sunderland was finishing his $10m Plymouth Lane rebuild, due to open later in the year.
Both the Guthrey Centre and Plymouth Lane sites sit alongside the new 804-space Christchurch City Council car park building that will open late next month.
Leasing agent Nick Doig of Colliers was looking for tenants for both retail complexes and said he was targeting fashion businesses.
"Last week with the opening of The Crossing there was a lot of buzz and that should provide retailers with the confidence to commit. There are a lot who are looking, but yet to land."
Doig said he was in talks with an international retailer that was keen to put a flagship store in the Plymouth Lane building. The development would have one or two more stores, which were yet to be leased, with offices upstairs.
Meanwhile, Ballantynes had begun work redeveloping part of its site. The department store was replacing the two temporary structures it put up facing Lichfield St after the earthquakes.