Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New Bayhill Development Set to Revitalise Timaru

21 April 2017

MEDIA RELEASE on behalf of Bayhill Developments Ltd

Confirmation of resource consent for the demolition of the Hydro Grand and development of mixed use complex, the ‘Bayhill’ at 10 Bay Hill, Timaru.

Developers of the proposed mixed-use complex at 10 Bay Hill, Timaru, say the granting of resource consent for the $42 million development is a positive step towards Timaru’s urban revival.

“It’s gratifying to get through the consent process with a positive outcome, but the hard work really starts now,” said Bayhill Developments director Allan Booth. Booth, who has owned the Hydro Grand site since 2013, believes it’s great news for the resurgence of Timaru’s CBD.

“There has been a lot of debate about the merits of the development, but what is clear to everyone involved is that doing nothing wasn’t an option.”

Booth says confirmation of consent was realistically a starting point for the development. “Our planning is well advanced but a lot has to happen before we even get to demolition stage and that will likely be several months away.”

According to Booth, whose co-backer in the development is Agribusiness stalwart Alan Pye, progress was also largely dependent on marketing and pre-sales of the residential units. “Overall we are looking to sometime late 2019 for completion.”

The resource consent application for the 3-stage development, which includes a seven-floor apartment building, an office building as well as a hotel, was lodged in August last year.

Booth believes the Bayhill, as it will be known, will kick-start the revitalisation of Timaru's CBD, developing it further as a hub for commerce and inner city living.

The consent’s approval is conditional on an appeal period of 15 business days.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Rocket Lab: Launch Expected

Rocket Lab has delayed the roll out of the launch vehicle called Electron by one day, due to weather conditions. The planned launch attempt will now take place on Tuesday, May 23, 2017. More>>

ALSO:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: