$200 million+ apartments on track to hit market

The apartments are located on the corner of Devonport Road and Elizabeth Street.

The much anticipated $200 million+ Thirty Eight Elizabeth development is currently on track to go to market with its luxury residential living by the end of the year, despite the challenges of previous years.

The luxury apartments and townhouses at Elizabeth Towers, located on the corner of Devonport Road and Elizabeth Street, will feature 1, 2- and 3-bedrooms options.

Elizabeth Towers is founded on a vision that's intended to transform how we think about good living in New Zealand and is a national first with its mixed-use facilities: live, shop, and dine, in one spectacular location.

'The expert team at Elizabeth Towers has been relentless in their work to ensure that this commercial project – the largest outside of Auckland – regains the momentum with which we started,” says project manager Brett Nicholls.

'We always knew we would as we're entirely committed to the show of faith in central Tauranga that Thirty Eight Elizabeth | Elizabeth Towers presents. Acknowledging the challenges and the hard work of the team to get plans back on track is important as it's been no mean feat.

'Conversations are now flowing, with the focus turned to the completion of this beautiful development this year. Very excitingly, this means we will be able to start open homes and selling these prized apartments and townhouses to the public in the last quarter of 2023.”

In the face of various widespread Covd-related hurdles, in particular labour and specialist building supply shortages, the Thirty Eight Elizabeth development has continued to progress, with some retail and food and beverage components opening in February last year.

'Getting the retail areas open was a focus for us last year, as well as the start of the stunning north-facing food and beverage terrace. There was extra effort and additional investment required to deliver these components in the face of Covid restrictions and issues,” explains Brett.

But it was all worth it, he says, as the development is clearly showing itself to have another role - as a kick-starter for the CBD, inspiring other developments and builds across the area.

'It's excellent to see other investments in the area. Our show of faith in the city and the historic ‘Farmers corner' has proven to be a catalyst for other projects, which will make Tauranga a world class city of the future.

'Elizabeth Towers is certainly a world class build. The cosmopolitan feel, attention to details, and timeless design across all aspects really will be something to behold as the white wrap that has been protecting the building starts to come down.”

The residents' concierge on the corner of Devonport Road and Elizabeth Towers is now almost complete.

The interior design of this area really showcases the quality and detail expected throughout the development.

Every finish, material, and impression has been considered to make the entrance to this exclusive address a pleasure.

Other encouraging milestones will be plain for the local community to see over the coming months, with the roof scaffold and white wrap protecting Elizabeth Towers starting to come down - signalling that the unveiling of the building has begun.

This means the spectacular penthouse, located at the top of the tallest tower, is slowly being revealed between now and the middle of March.

'We can't wait for the community to see the quality of this build that will provide the impressive gateway to central Tauranga. Something we hope the entire community of the Western Bay will be proud of,” says Brett.

2 comments

Why Would You?

Posted on 08-03-2023 07:45 | By Thats Nice

Why would you buy a luxury apartment in Tauranga's CBD? What's the attraction? There's hardly ANY shops left anymore. Btw, are you allowed a car space at these apartments, or have they been banned for bike rack stands? I'd much rather buy a luxury apartment in the Mount as WAY more of an attractive place to dwell. Sorry, but I just don't get it.


I agree with That's Nice.

Posted on 08-03-2023 15:49 | By morepork

Furthermore, the average cost for each of these apartments is: $5,263,157.89. That's just to "break even", before developers get a profit. Would you pay that to live in an apartment in a dead city? For that kind of money you could have a house, with grounds, in almost anywhere you wanted. I doubt very much that Kiwis will be buying these places...


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