With five new architecturally designed buildings containing 23,000 square metres of offices, along with prime retail space and areas dedicated to community wellness, Union Square will be one of the country’s leading city-centre business precincts.
The complex taking shape at the corner of Anglesea and Hood streets has already secured national office occupiers AA Insurance and Rabobank, which moved its head office from Wellington to the hub’s first completed building late last year.
Union Square envisions a complementary mix of retail, cafes and restaurants plus a wellness centre providing services for the mind and body.
Expressions of interest are now being invited for some 16 retail tenancies at Union Square, through sole agents Rebecca Bruce and Chris Beasleigh of Bayleys Real Estate.
Bruce said some 16 retail premises were currently being offered for lease in a range of configurations and sizes from around 50 square metres to over 200 square metres.
The tenancies will become available for occupation upon building completions, from early 2023 to 2025, with lease terms by negotiation.
Bruce said the development was seeking operators who offer products or services that will enhance the lives and wellbeing of workers in the precinct.
“The stage is set for a variety of high-quality offerings spanning the likes of food and beverage, grab-and-go outlets, boutique retailers and wellness providers.
“Opportunities include a 90-square metre tenancy available from March 2023 which would be an ideal base for a professional barber, beauty or hair salon.
“Another 132-square metre space due for completion in 2024 is well suited to the likes of a yoga or pilates studio, or a gym.
“All tenancies feature premium-quality design and construction delivered by Waikato developer the Foster Group,” said Bruce.
Over 40-plus years, Foster have delivered some of Hamilton’s standout commercial construction projects including Claudelands Events Centre, Deloitte House and Genesis Energy offices.
Beasleigh said retail tenants at Union Square would also reap the benefits of having more than 2,500 people working in the offices above, once the development was complete.
“This concentrated commercial catchment will be the new epicentre of Hamilton’s CBD. A vibrant mix of retail tenants will add to Union Square’s status as a focal point attracting people from across the central city and wider Hamilton,” said Beasleigh.
The Union Square site will be supported with 350 dedicated car parks and easy access to Hamilton’s central public transport hub, with buses servicing much of the city and outlying areas.
Beasleigh said Rabobank’s move to the Union Square hub demonstrated the national stature of the development as well as Hamilton’s growing commercial pulling power.
“With 39 percent of the population tertiary-qualified, Hamilton has a knowledge-based economy which is home to numerous innovative and export-driven companies and research institutes.
“Its impressive growth is fuelled by professional and skilled migration from Auckland, Wellington and beyond as well as the city’s position in the ‘Golden Triangle’, the economic engine room between Auckland, Hamilton and Tauranga.
“Union Square is the place to be for retailers keen to be in the heart of a city that’s growing, innovating and punching well above its weight,” said Beasleigh.