2021 Report

Page 59

Executive Summary Introduction Economy Housing

OUR CENTRAL CITY

New developments

Hamilton City Council - 2021 Hamilton Annual Economic Report

Central City

59

The first stage, the Mahi building, will be six storeys with retail and hospitality on the ground floor and offices above. Stage two will be a fourstorey mixed-use commercial building with the final stage featuring retail and hospitality on the ground floor and seven levels of apartments above. In total the proposed development will be 11,400m2 of commercial space and 30 onebedroom residential units.

People

There are several exciting commercial and residential projects consented or underway around the central city in 2021.

Tūāpapa Tūāpapa was granted resource consent in March 2021. The new development is located opposite Hamilton Girls' High School on the corner of Tristram Street and Ward Street. The development has three stages and will be mixeduse with office space, retail, hospitality and residential apartments.

Commercial

In 2021, 7% of commercial development by floor area in Hamilton occurred in the central city. However, these developments accounted for over a third of the total value of all commercial development in the city. Central city developments are increasingly likely to be multistorey and have mixed use including offices and apartments, which tend to be more expensive to build.


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2021 Report by NAIHarcourtsHamilton - Issuu