The business park's developer, Porter Group managing director Alastair Porter, said the 14-hectare subdivision was in response to Queenstown Lakes Mayor Clive Geddes' call for developers to help the local economy by going ahead with projects.
Mr Porter hoped it would not be time consuming to get necessary resource consents processed and approved.
The consents were needed to subdivide some of the land which is zoned rural general but Mr Porter did not expect the process to be complicated.
"[Queenstown Lakes District Council's] Plan Change 19 was to rezone that land . . . most of the submissions to that supported rezoning to business and light industrial," he said.
"We expect approvals by the end of the year."
Once those had been approved, purchasers would start building and provide contractors with ongoing work, he said.
Mr Geddes said he could not comment on a matter which would have to be decided by the resource consent process.
A roundabout at the intersection of Glenda Dr and State Highway 6 would also make the lots more attractive, Locations realtor Stephen Kirk said.
"The new roading arrangements would add good value to the development, including the benefit of direct access to Remarkables Park [if the link road between SH6 and Remarkables Park is completed]."
Mr Porter said the Wakatipu Transportation Strategy identified an opportunity to complete a Frankton Flats ring road around the eastern end of the airport on the completion of Queenstown Airport's runway end safety area in 2011.
"Everyone understands the need to address the growth in business and associated traffic and its impact on the current intersection at Glenda Dr," Mr Porter said.
"As a result, these lots will also have better road access, via a new large roundabout from the highway."
The New Zealand Transport Agency, which would be responsible for the new roundabout at the SH6 and Glenda Dr intersection, was unable to answer questions on the status of the intersection this week.
