Matvin Group announced its presence on the Hibiscus Coast by constructing what it says is currently the biggest commercial development in Silverdale.
It is the first local project for the property development company, which also has a construction arm.
It has owned a large tract of land, 10.2ha, near the Park and Ride for around five years. The site includes the Z Service Station.
Matvin’s plans for the land include 2.2ha of commercial development, as well as 8ha set aside for a 700-resident retirement village (HM May 20). The proposed village is still in the process of obtaining resource consent, but the company already has consent for the commercial area, which it divided into eight Lots.
Construction has begun on the first Lots, the most prominent sign of which is the large concrete tilt slab wall that went up recently opposite the rugby club.
Lots 4 and 6 are the ones currently being built, as well as Lot 1, which has consent for a three-storey office block but in the meantime will be a temporary office park using individual pods.
Lot 4 has Joe’s Garage restaurant, café and bar as well as Anytime Fitness and an insurance broker as confirmed tenants. Lot 6 is anchored by the childcare centre BestStart Educare and The Cheesecake Shop – work on this Lot is the most advanced, with completion expected in September.
Matvin Group director Kevin Clark says with only three of the eight Lots being developed at this stage, there is significantly more to come.
Lot 5 has consent for offices, but currently has a coffee pop up on site and Lot 7 will be trade retail – homeware and paint type businesses. Lot 8 has consent for a short-stay hotel development.
Lot 2 is the Z station and Lot 3 is a road into the site.
In the financial climate caused by the Covid-19 restrictions, Mr Clark says the company still believes there will be strong demand for convenience retail as well as office space.
“We intend to retain the bulk of the site for investment, not cut and run,” he says. “The long term view is why we’re looking to get the mix of tenants right and create something high quality with tasteful, modest signs.”