A 41-year retail love affair comes to an end in the CBD

  • Property
  • June 2, 2016
  • Will Bowman
A 41-year retail love affair comes to an end in the CBD

The area is now home to hundreds of retail and hospitality businesses, 72 of which were housed in the Downtown Shopping Centre until recently.

For 41 years the centre has been an inner-city shopping oasis for the throngs of business people, retail and hospitality workers, commuters, and tourists that give the city its daily rhythm. And with the train station, bus, and ferry terminals all intersecting in the downtown area, there's no sign of let-up on the horizon.

Thousands of inner-city dwellers frequented the shopping centre daily, be it for a midday morsel or a moment of retail therapy to destress from their busy city lives.

The Downtown Shopping Centre’s demolition will begin this month, following the centre’s closure on May 29. Its replacement, the new Commercial Bay retail centre, is expected to open by October 2016.

Downtown food retailer Sushi Pac says: "Our main customers are office people from around town and the feedback of the closure is pretty negative." It does recognise the long term benefits for the CBD, however.

The redeveloped Commercial Bay is a $631m, 39 story tower set to transform the Auckland skyline. At the base of the tower will sit a three level, 18,000sqm retail space.

Precinct Property, the NZX listed developers of the site, says it will "redefine retail in Auckland, with global flagship brands, diverse food and beverage and the highest concentration of quality retailers in one central, easily accessible location."

Retail leasing commenced late last year, with negotiations advancing for a number of flagship stores.

Precinct Property chief executive Scott Pritchard stayed coy on which potential international retailers might move into the space, however there's rumour of Zara, H&M, and Uniqlo. The presence of these big retailers wouldn't be unexpected with the recent openings of Prada, Topshop, and Elizabeth Arden on Queen Street. 

By the numbers

Potential customers:

- Affluent 160,000 main trade area population

- 1.4 million total trade area encapsulates the entire metropolitan Auckland area

- 30,000 CBD office workers within 500 metres and 70,000 in CBD

- Tourists - 200,000 passengers and crew

Predicted mix of retailers:

- 31 percent mini major retailers

- 23 percent food and beverage

- 45 percent specialty retailers

- 1 percent other

Estimated cost of tower:

- $681 million

​ ​

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.


Regional rollercoaster: Selling to the Kardashians from Matiere

  • News
  • April 24, 2019
  • Rachel Helyer Donaldson
Regional rollercoaster: Selling to the Kardashians from Matiere

In the final article from NZ Retail magazine's nine-part series on regional retail, we're sharing the amazing story of how SME retailer Solvej Swings got its product into the home of one of the world's most influential consumers.

Read more

Regional rollercoaster: Arrowtown

  • News
  • April 24, 2019
  • Rachel Helyer Donaldson
Regional rollercoaster: Arrowtown

We're examining seven regional towns as part of a wider series. This time, it's Arrowtown under the microscope.

Read more

Regional rollercoaster: Greymouth

  • News
  • April 24, 2019
  • Rachel Helyer Donaldson
Regional rollercoaster: Greymouth

How are retailers in Greymouth adapting to our dynamic business environment? As part of a nine-part series, we took a look.

Read more

Social scoreboard

Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

Regional rollercoaster
What does retail look like in 2019 for ...
Concept to closet
Business coverage of New Zealand Fashion Week.
Town centres
A positive retail environment over the past 12 ...
Amazon Arrival
Keeping up with all things Amazon as it ...
The Retail Yearbook 2017
As we battle our way through the busiest ...
Hospitality enhancing retail
Some think food and integrated hospitality offerings will ...
The future is bright
We spoke with four retailers in their twenties ...
Spotlight on signage
At first glance, the humble in-store sign might ...
Red Awards 2016
The Red Awards for retail interior design celebrate ...
Auckland Unitary Plan
Auckland is changing. The Unitary Plan will decide ...
How to open a store
Sarah Dunn considers what it would take to ...
All things to all people
Kiwi retailers share their omnichannel strategies.
Rising stars
Retail's top young achievers.
Delivering on your promises
The sale isn't over until your item is ...
Retail in heartland New Zealand
Retailers keep the regions pumping, but how strong ...
Women in retail help one another. We spoke ...
The changing face of retail
Shifting demographics are creating big changes in New ...
The retail yearbook
With the help of experts in the retail ...
Retail rogues
We put the spotlight on staff training. Jai ...
Here come the giants
Topshop has arrived in Auckland’s CBD, David Jones ...
From retail to e-tail
Ecommerce has become part of the way mainstream ...
Window shopping: A spotlight on social media
Sarah Dunn and Elly Strang look at how ...
Loyalty in the digital age
How are retailers maintaining loyalty? Sarah Dunn, Elly ...
The Innovators | In partnership with Spark Business
Technology is rapidly changing the retail industry as ...

Regional rollercoaster: Kaikoura

  • News
  • April 24, 2019
  • Rachel Helyer Donaldson
Regional rollercoaster: Kaikoura

As part of a series on regional retail, we examined seven towns to learn what makes some thrive and some dive. This article focuses on Kaikoura.

Read more

Regional rollercoaster: Bulls

  • News
  • April 23, 2019
  • Rachel Helyer Donaldson
Regional rollercoaster: Bulls

What does retail look like in 2019 for retailers in Bulls? We examined this regional centre as part of a wider series.

Read more

Regional rollercoaster: New Plymouth

  • News
  • April 23, 2019
  • Rachel Helyer Donaldson
Regional rollercoaster: New Plymouth

Why are some Kiwi retailers struggling in New Zealand's regions and some thriving? We put seven regional centres under the microscope to find out. This time, we're looking at New Plymouth.

Read more
Next page
Results for
About us.

The Register provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2015 Tangible Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.

The Register

Content marketing/advertising? Email or call 022 639 3004

View Media Kit