The company this week lodged a new resource consent for a 6000 square metre Pak `n Save supermarket and fuel outlet.
In 2008 it lodged an earlier consent application for the supermarket chain to build in a different location at Remarkables Park but it did not proceed because of an objection by Queenstown Airport Corporation.
Mr Porter said if the latest proposal proceeded the supermarket would probably open in two years' time.
The new supermarket would be located between State Highway Six, industrial use sites and an area earmarked for future affordable housing development.
The existing New World supermarket was getting a revamp and a new Mitre 10 Mega hardware and building supply store was also possible, he said.
Future plans for Remarkables Park included high-density residential housing, a health centre, retirement village, a childcare centre, and schools. Also in the pipeline is a sports complex and cinema