Ravenswood retail centre will enjoy a mix of boutique retail shops as well as national brand retailers.
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A New World supermarket, a BP Connect service station with Wild Bean Cafe and a McDonald’s restaurant will be just some of the recognised national brands that have committed to being part of the new development.
The primary catchment area for Ravenswood has 10,200 residents and this is growing strongly at 400 pa (+4%). This growth is underpinned by residential building permit statistics with on average 100 new houses being built in the primary catchment area each year.
In addition there is significant potential business that Ravenswood town centre can attract from passing traffic on State Highway 1 which, in conjunction with Rangiora and towns to the north, effectively extends to a large secondary catchment of 40,000+ people. Service oriented business at Ravenswood which may, for example, include childcare, medical centre, gymnasium etc will help to bring another captive market of regular customers and this will further support retail activity in the new centre.
Retail Demand & Growth
There is limited existing retail development in the Ravenswood primary catchment area which only has local shops in Woodend and Pegasus, with residents currently travelling to access servcies in other centres. The primary catchment area can at present support in excess of 15,000m² of retail space and this is projected to increase to 26,000m² by 2028. The new Ravenswood town centre will be the only place providing comprehensive facilities in this primary catchment area and is well placed to meet this significant void in retail supply.
Expected Retail Spending for the Ravenswood Primary Catchment Area
Waimakariri District’s estimated resident population in 2016 is 57,800. The population is projected to increase to 76,000 people by 2031.
Economic and Business Profile for Woodend & Pegasus and the Wider Waimakariri District
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