This article is from the Australian Property Journal archive
ACROSS the ditch, Melbourne-based developer Ninety Four Feet and ASX-listed Centuria Capital Group are launching their new multi-billion dollar lakeside suburb in Queenstown.
Situated near the Skyline Gondola, Lakeview Te Taumata will see a 10-hectare former campground on Lake Wakatipu transformed over the next decade into a community featuring residential apartments, a co-living building, three hotels, a co-working centre, health and wellness facilities, curated retail spaces, an art gallery and a significant food and beverage offering.
A proposal for thermal pools to be added is pending approval.
Architectural renders show stone-wrapped shops and restaurants at ground level, complemented by one co-living building and four residential tower blocks, with the tallest reaching 12 stories high. Over half of the precinct will be dedicated to open public spaces and walkways.
Ninety Four Feet development manager Charmaine Balchin said the project will officially launch in early 2024, with New Zealand Sotheby’s International Realty inviting high net worth clients from their database to register their interest now.
The consortium secured the project in a global bid with the Queenstown Lakes District Council in 2019. Subdivision and civil works commenced in 2020, and the handover expected in March.
“Despite global challenges, the Queenstown Lakes District Council has shown remarkable dedication to bringing this ambitious project to fruition,” Balchin said.
“It’s really inspiring to see the precinct forming and we’re excited to bring this community alive with our layers. We anticipate starting construction of the first stage coming out of winter 2024.
Prices start at $750,000, offering a range of residential options, including one, two and three-bedroom residences and penthouse suites.
New Zealand Sotheby’s International Managing Director Mark Harris described Lakeview Te Taumata as Queenstown’s “first truly world-class master-planned community in the CBD”.
The project partners collaborated with Māori designers, artists, placemakers, and architects Monk Mackenzie and Architectus.
Lakeview Te Taumata follows Ninety Four Feet’s $250 million Hotel Indigo Auckland and 51 Albert sky residences tower project, also in Auckland.
