Published on: 2018-10-23

Mixed-use urban apartment reflects changing residential landscape in Hamilton

Mixed-use urban apartment reflects changing residential landscape in Hamilton

In the centre of Hamilton’s central business district, a quiet revolution is happening.

With the demand for residential housing high, smart buyers are moving from the suburban houses to inner-city urban apartment options.

Parkhaven Luxury Apartments, at 220 Tristram Street, is leading the way in changing the residential landscape for the Waikato region.

It is the first purpose-built, mixed-use complex of its kind in Hamilton – combining residential living and commercial space in one five-storey building.

The first two floors of Parkhaven contain retail and office space, while the upper three levels include 16 premium apartments and five penthouse apartments. The 21 apartments range in size from a one-bedroom apartment to a three-bedroom, two bathroom 203-square-metre apartment.

Lodge Real Estate’s managing director Jeremy O’Rourke says the concept is a sign of a maturing city and represents the trend towards urban living – something that has been seen in larger cities, but is now taking off in regional centres such as Hamilton.

“We’ve noticed the demand for homes near the Hamilton CBD has increased over the past year and we predict this will continue as Hamilton’s population grows,” says O’Rourke.

“Parkhaven will be the first mixed-use apartment complex built in Hamilton and we’re excited to work alongside developers and city officials to offer something new. There has been a lot of investment in revitalising Hamilton’s CBD and this is another great example of vibrant inner-city growth.”

The building is a short walk to Seddon Park, Wintec, Garden Place as well as local supermarkets, city bars and eateries. Each apartment has one or two-car parking.

O’Rourke says Lodge Real Estate initially met with hesitation towards the complex. “With less than 20 apartment options available in Hamilton, all clustered around the CBD, unfamiliarity with apartment living meant some potential buyers were initially cautious.”

However, the convenient location and focus on high-quality features has drawn in forward-thinking buyers. Parkhaven designers, Edwards White Architects, are behind the design of Victoria on the River and the Genesis building on Bryce Street in Hamilton.

The fact that the focus is on owner-occupants rather than renters has cemented interest from buyers too.

The apartments range from $439,000 for a single-room apartment with a deck to $1,050,000 for the largest penthouse suite.

Parkhaven will be open for residential and commercial use in December.

For more information see www.parkhaven.nz