An old industrial building that has been converted into a boutique retail precinct is proving popular with commercial tenants and consumers in East Auckland.
Following a successful first year, Orakei Bay Village is commencing the second stage of refurbishment offering six new tenancies. The works are due for completion at the end of the year.
This is a great opportunity for hospitality tenants to get into a bespoke environment, says CBRE retail specialist, Callum Scott.
“Not only does Orakei Bay Village have an edgy look and feel, it’s an attractive setting with lots of space and natural light servicing a strong demographic and catchment east of the city.
“The new spaces available have been reconfigured from the original layout and will have new glazing to maximise light and views over the harbour and to the CBD skyline,” says Scott. “With numerous businesses already trading, we’re looking for compatible food, hospitality and fashion operators to join the precinct and create a unique destination for consumers.”
The key space on offer is 360sqm on the upper level, offering a charming and character-filled space with high-pitched ceilings and natural light to a potential restauranteur. There are four smaller units ideal for retail or hospitality use.
Anchored by Farro and Kings Plant Barn, potential occupiers will join 22 other tenants including Brothers Beer, Bird on a Wire and Father Rabbit.
Elliot Knight of Equinox Group, owner of the Orakei Bay Village, says that following the high level of interest in the space, it was an easy decision to proceed with the second stage of refurbishment.
“We wanted to create a destination with a variety of boutique operators,” says Knight. “A year after the centre opened, the time is right to continue to build the Village’s presence. By adding more retailers, we create further depth that allows us to better service the area.”
The conversion of Orakei Bay Village from warehouse building into boutique retail is part of a growing trend in Auckland, with similar sites including City Works Depot and Ponsonby Central. Repurposing has become popular in cities around the world, with Sydney’s The Grounds in Alexandria and New York’s meatpacking district both notable examples.
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