Adjacent to the Waikato Expressway, near the Horotiu interchange, the largest master-planned community development in the Waikato was recently given the green light by Hamilton City Council.
Fosters will develop the new village centre, a commercial hub for business, shopping and dining. They are contracted to purchase another 13,500sqm of land earmarked for future mixed-use (retail, commercial and high-density residential developments) in partnership with G.J. Gardner.
In its entirety, Te Awa Lakes is a $1billion 100 ha development set on a former sand quarry owned by The Perry Group. The location opens a large section of the Waikato River too.
Foster Develop Director Rhys Harvey says the ambitious project is directly aligned with the Fosters purpose, which is ‘Building great communities through strong foundations.’ Plus, it has been driven by The Perry Group who, like Fosters, have grown alongside Hamilton over the past 50 years and work closely with local communities.
“Based on the values of community, connection and sustainability, this joint venture development has been designed to connect Hamiltonians to an entire kilometre of river frontage that would otherwise remain largely cut off by industrial usage,” says Harvey.
“Construction of an esplanade, new plantings and a host of new connections between Te Awa Lakes and the existing Te Awa Cycleway will see Hamilton’s reimagined northern gateway opened up for recreational use by locals and visitors alike.
“Te Awa Lakes also blends sophisticated, flexible urban living with first-class amenities to provide people with a second-to-none lifestyle, and improving lifestyles is a key objective for Foster Develop.”
The development of the Village Centre at Te Awa Lakes is planned to start in late 2022 with the first retailers beginning to trade early 2024.
For enquiries about the Te Awa Lakes project contact Rhys Harvey on 021 246 2039.