Commercial Bay, Auckland’s most exciting new retail and hospitality precinct will open its doors next month.
Owner Precinct Properties confirmed the official opening of the much anticipated $1b development in the heart of the city. Set to be one of the most transformational projects Auckland has ever seen, Commercial Bay offers more than 120 outstanding food, beverage and retail options from both local and international brands.
The precinct will also be home to an estimated 10,000 workers once the striking new PwC Tower is completed. The future redevelopment of One Queen Street will make Commercial Bay the largest office and retail precinct in the city centre.
“Commercial Bay is an ambitious urban transformation on the shores of the Waitematā that represents a range of firsts for New Zealand,” noted Precinct Properties Chief Executive, Scott Pritchard.
“It is unlike any development seen before in this part of the world, with international quality retail and dining offer that is comparable with any gateway city. With vibrant laneways and large open-air spaces, shoppers will be able to discover all the precinct has to offer in a safe but lively environment.”
It is a crucial time for Commercial Bay to be opening as New Zealand kickstarts its economy after lockdown. The new site can be a symbol of New Zealand’s road to recovery in a post-COVID-19 economy and the revitalisation of the city centre.
“We are incredibly proud to support local businesses as well as first-to-market retailers as they open and get back on their feet after a really tough few months,” said Pritchard.
Precinct Properties is committed to ensuring Commercial Bay provides a safe environment for all workers, diners and shoppers visiting the precinct.
“Of course, we never planned to be opening under these circumstances, however, we are absolutely delighted to welcome Aucklanders to a new and exciting part of their city where they can shop, eat, drink and experience all Commercial Bay has to offer.”
Since the 1800s the southern shore of the Waitematā Harbour has been an important place of transport, trade and commerce, an area once called Commercial Bay.
“It has been important for us to understand and honour the past, working with iwi and our designers, Warren and Mahoney, to reinstate Commercial Bay as the centre of activity, trade and commerce in the city,” commented Pritchard.
Looking ahead to the opening, shoppers will be spoiled for choice with a carefully curated mix of leading international and local fashion and retail stores, including first-to-market names for New Zealand fashion.
Commercial Bay will be the destination for foodies with Harbour Eats, an innovative New York-style food hall with vendors inspired by international gastronomic precincts, sure to surprise and delight all tastes and budgets.
Precinct is New Zealand’s only listed city-centre specialist investing predominantly in premium and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns 15 New Zealand buildings – Auckland’s PwC Tower, AMP Centre, ANZ Centre, Zurich House, HSBC House, Mason Brothers Building, 12 Madden Street and Commercial Bay; and Wellington’s State Insurance Building, 157 Lambton Quay, No. 1 and No. 3 The Terrace, Mayfair House, and Bowen Campus.
