Earthworks are under way for the project to double in size to 46,000sq m from its original 20,000sq m, which it achieved consent to do in October. It will eventually be a second town centre for Queenstown.
Remarkables Park director Alastair Porter told NBR that three of the five residential lots recently put on the market sold for their original pre-recession prices recently.
"We have quite a lot of negotiations going on for tenants for the shopping centre expansion. Just last week we signed a fairly major deal with one tenant, but I can't give you any more details about that yet," Mr Porter said.
The development's new website has received more visitors than expected. It seems people are increasingly curious about what the project will look like on completion, with most people who visit the website going to the masterplan pages first.
"The website went quietly 'live' a couple of weeks ago because we thought we would give it time to 'bed in' before we made any official announcement," Remarkables Park special projects co-ordinator Olivia Porter said.
"But almost immediately we had people visiting the site who obviously knew what they were looking for, many going straight to the masterplans page and the retail and leasing areas, with others looking at future residential developments. We're pleasantly surprised at how many enquiries it has already generated."
Remarkables Park company director Alastair Porter said though the project's original master planner Eldon Beck had retired, new architect Ray Letkeman was continuing Mr Eldon's vision. Mr Letkeman's previous experience includes North American resorts.
Last month Remarkables Park announced it was seeking resource consent to build a four storey building that would house accommodation for 60 SIT students, a café and brasserie and Chipmunks childcare centre.
In March DNZ Property Group announced its retail company Diversified NZ Property Fund was building a $9 million six-store retail development there.
Jazial Crossley
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