Te Awa Lakes will transform an unused industrial site in North Hamilton into a thriving, mixed use space catering to residential, retail and tourism, creating a stunning new Northern Gateway for Hamilton and connecting directly to the iconic Te Awa Cycleway. With the total number of new dwellings for the site estimated at around 860, plus retail shops, an adventure park and guest accommodation being built, there’s going to be a significant and positive economic impact on the city.
The introduction of the water adventure park to Hamilton will create a destination for the region that’s integrated with a new way of living to provide a point of difference for visitors to the region – one that will enable the establishment of other tourism-related activity around it. Services such as food and beverage outlets and visitor accommodation at Te Awa Lakes and in neighbouring areas stand to benefit from an expected bump of some 20,000 visitor nights to Hamilton, bringing some $3.7 million in additional spending. In addition, the adventure park will provide a range of new employment opportunities.
While tourism is expected to provide the local economy with a direct boost, the addition of around 860 new medium-density homes will also bring with it a range of economic benefits. Firstly, the mix of single family homes, terraced accommodation and apartments will increase housing supply at a time when demand is high and outstripping supply.
Hamilton City Council and the Government signed a Housing Accord in December 2016 with the goal of increasing supply and improving affordability in the city. It set targets for the number of new dwellings to be built each year for the next three years at a minimum of 1300. Te Awa Lakes is a five-year, billion-dollar investment that will play a significant role in helping Hamilton meet the Housing Accord targets in terms of both supply and affordability.
In addition to outright economic benefits, Te Awa Lakes will create a visibly unique gateway to the city for anyone entering Hamilton on the Waikato Expressway. Instead of an empty industrial zone, visitors will be greeted by a visually pleasing mix of green space, waterways, modern buildings and the adventure park.
On the other side of the site, the Waikato River will be opened up along the length of Te Awa Lakes via an esplanade and multiple new recreational connections to the existing Te Awa Cycleway. Perry’s are a founding sponsor of the river trail, and with cycle tourism on the rise in New Zealand, and the Te Awa Cycleway itself planned to eventually extend from Ngaruawahia to Hora Hora, Te Awa Lakes is perfectly positioned to capitalise on this success.