A $10 million retail development featuring a mini supermarket and restaurant has been given the go ahead following the sale of a big block of land fronting Papamoa Beach Rd.
Conveniently located between Bayfair Shopping Centre and Papamoa Plaza, the long anticipated development will be sited at the entrance to Coast Papamoa Beach.
Construction was expected to begin by May, with a pre-Christmas opening anticipated by Peter Cooney whose company Classic Developments bought the site off Frasers Property, the developer of Coast.
Mr Cooney said he was well down the track in talks with Progressive Enterprises which operated the Countdown chain of supermarkets. He anticipated a mini supermarket like a FreshChoice store. A cafe and a restaurant and bar had been confirmed for the rest of the ground-floor retail.
Frasers Property development manager Kranish Reddy announced the sale of the site at No. 1 Papamoa Beach Rd. A condition of sale was that Classic Developments would seek consent and begin to secure retail leases.