This retail centre will cap…
Turuturu Road, Hawera, South Taranaki
Since 2017, the owners of the land at 74 Turuturu Road have been investigating industrial or residential development opportunities for the property. The land had been planned and zoned for industrial use for over 10 years until we identified the site was not well-suited to industrial zoning and use and suggested residential development.
Following Council investment to support industrial growth off State Highway 3, near Fitzgerald and Kerry Lanes, the landowners made the decision to progress with residential development of the site. Veros was engaged by the landowners to determine the viability of residential development and to manage the delivery of a new residential community.
Longview, Hāwera is the largest master-planned residential development in South Taranaki for over 50 years. On completion, the 20-hectare development will comprise:
Senior Development Manager
Working with an excellent design team, Veros has managed a true greenfield development, from a blank canvas to an industry-leading, master-planned community. Upon completion, Longview will have injected over $20m of investment into the local community in development, earthworks, and civil costs. Once fully complete and built upon, the end value of the project is $130m, generating in excess of $500,000 in rates revenue per annum.
Zoned and serviced residential land in Hāwera is limited and insufficient to support a sustained but rapid increase in demand for new land and housing. We understand Council is in the early stages of structure planning for residential growth and is building a picture around the options and associated costs of unlocking more land for housing. Equally distanced from the larger New Plymouth and Whanganui markets, Longview is of a scale that will attract a new buyer to Hāwera, one who may have previously chosen to live in the main centres and commuted to Hāwera for work.
The client is community-minded and passionate about delivering jobs, economic growth, and opportunity through an enduring and quality project for the next generation of the Hāwera community.