More than $100 million is set to be pumped into a new development on Tauranga’s iconic “Farmers Corner” providing another “massive shot in the arm” for the CBD.

Elizabeth Properties Limited – part of the James Pascoe Retail Group that owns Farmers and other well-known New Zealand brands – will spearhead the flagship development, on the corner of Elizabeth St and Devonport Rd.

Plans for the project feature two expansive floors of retail, multiple levels of parking with space for close to 400 vehicles plus 70 to 90 high-end apartments.

These would be constructed above the retail levels on the north side of the site while a pool, tennis court and garden areas had also been earmarked for the development.

Tauranga Chamber of Commerce chief executive Stan Gregec said it was another ”massive shot in the arm for the CBD”.

”This will be a game changer – not just for retail but for more people living in the CBD.

“Adding to the other city centre developments we know about, this will give a huge boost to our downtown and add something new and exciting.

“This is a huge development by Tauranga standards, and represents a giant leap from what we’ve already got and what’s been done before.

“It means that both ends of the CBD will have their own distinctive flavours, and give people more reason to stay longer in the city centre.”

To read the full Bay of Plenty Times article, click here.

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