Wall Street retail development update

Development of the Wall Street retail complex is on schedule to open on Saturday 21 March, Otago Anniversary weekend, with the development coming in on budget.

The three-storey complex consists of retail space on the ground floor, with office space and car parking on the first and second levels. In the present difficult economic environment and with priority being given to attracting new businesses currently not represented in Dunedin, the leasing process has proved challenging.

However, the objective of looking at the city's future economic growth and employment prospects rather than simply taking tenants from other landlords has paid off and several new retailing companies will be introduced to the Dunedin shopper. To date, approximately 85% of the tenancies have been confirmed with the balance under negotiation making about a dozen new retailers being added to the current CBD.

Two years of preparatory work undertaken by City Property, architects Gascoigne Associates and Parker Warburton Team Architecture as well as the construction company Naylor Love have contributed to the smooth running of the project. There has been minimal disruption to the surrounding businesses during construction with any major construction work that involved street frontages being completed at night.

Part of the historic causeway has been removed from the site and is currently undergoing conservation treatment. Once this is completed, it will be returned to the site and displayed, under glass, in the floor of the seating area in the atrium. Unfortunately, this will not be in place prior to the opening. However, we are working with the NZ Historic Places Trust on a temporary interpretative display which will be in place until such time as the conserved causeway is ready for on-site display.

Contact details

Contact DCC Property on 477 4000.

Last reviewed: 04 Feb 2009 2:06pm