The "Top 100" building, 193 Princes Street From the Octagon, Princes Street initially rises as it passes through a commercial district formerly commonly known as the
Top 100, crossing the outer Octagon of
Moray Place before descending through the original cutting of Bell Hill towards the Exchange. The Top 100 theoretically took its name from the 100 retail businesses which line Princes Street from the Octagon to the Exchange, although the actual number of businesses is not one hundred. This part of the city is sometimes seen as the creative heart of Dunedin, with numerous art galleries, artist's studios, and video production companies being based in the area from Moray Place to Rattray Street and especially around the Dowling Street area. Some parts of the Bell Hill cutting are still visible from Princes Street, though the most obvious escarpment of the hill is found between Moray Place and Queen's Gardens, close to
First Church. From Princes Street, the most notable part of the cutting is at Dowling Street, 300 metres south of the Octagon. Dowling Street narrows significantly above this intersection. The Dowling Street Steps, a 1926 structure listed by the New Zealand Historic Places Trust, rise from close to the Princes Street-Dowling Street intersection, ascending a cliff that was formed as a result of the original work on Bell Hill.
The Exchange and demolished in the 1960s to make way for John Wickliffe House, gave the area its name
The Exchange, 400 metres south of The Octagon and extending for one block on either side of Princes Street, was the original financial heart of the city, but the
CBD has drifted north to its current location on George Street. This area is the lowest part of the street, as it descends from the remains of Bell Hill. Now several hundred metres inland from the edge of the
Otago Harbour, this was the site of the original landing place of settlers from the two ships which brought the Otago Association's settlers to Dunedin. The two ships, the
John Wickliffe and the
Philip Laing, arrived in early 1848. As they could not negotiate the harbour, they set anchor at the
Otago Heads. Settlers from the ships travelled by smaller rowing boat from there to Dunedin. Massive reclamation of the area led to the creation of a wide strip of land, since occupied by commercial premises, warehousing, and the main rail line. This part of Princes Street was at one point the location of a bridge across a small stream, the Toitu Stream, now diverted underground. A spring which fed the stream is still used as the source of water for
Speight's Brewery, which is located 200 metres to the northwest on Rattray Street. The former Exchange Building, from which The Exchange takes its name, was designed by
William Mason as a Post Office and later occupied by the
University of Otago and the
Otago Museum. Next to this was the 1863 Customhouse building, and outside the two was an open space known as Customhouse Square. The Exchange building was pulled down in 1969, and it was largely the destruction of this building that led to changes in attitudes by Dunedinites regarding the change of their cityscape. The area is the site of several prominent Victorian buildings, notably former bank buildings at the northern end of the area. Other imposing buildings in the area include the former Chief Post Office building, now the Distinction Dunedin Hotel. John Wickliffe Plaza is also the site of one of Dunedin's more notable public monuments, the
Cargill Monument, dedicated to city founder Captain
William Cargill. This monument, designed by Charles Robert Swyer and built in 1863–4, was originally sited in the Octagon, but was moved to the Exchange in 1872. Other sculptures in John Wickliffe Plaza include "We are not alone", a group of three stylised penguins created in 1999 by
Parry Jones.
Below the Exchange building, in the Exchange The lower Exchange and area immediately to the south of it contains some other notable buildings, including several of Dunedin's more notable former and current public houses. Among these are
Wain's Hotel, the Provincial Hotel (at the foot of Stafford Street), the
Empire Tavern, and the former Prince of Wales Hotel. Wain's Hotel, immediately opposite the former Post Office building, is an imposing Italianate structure built in 1878 from designs by Mason and Wales. The Empire Tavern also has a long history, and claims to be Dunedin's oldest pub, having been continuously licensed since 1858. Its recent past is closely tied with the
Dunedin sound music scene of the 1980s, of which it was a principal venue. Prior to its gutting by fire in the 1980s, the Prince of Wales Hotel, a block further down Princes Street, was noted for an unusual gimmick, in that the upstairs restaurant facilities were extensively themed on old railway carriages, and included in their decor several original vintage pieces of rolling stock. The Prince of Wales was later (1992–2010) the location of one of the city's top restaurants, Bell Pepper Blues. Lower Princes Street rises slightly from the Exchange before dropping down, becoming flat for the final kilometre of its length. Here, there is a mix of commercial, wholesale, and light industrial properties, with only occasional retail shops. The street itself widens from thee crest below the Exchange, becoming a dual carriageway from this point south to the major junction at the southern end of the
Oval. Several notable buildings are still found in the lower Princes Street area, among them the former
H.E. Shacklock building and the
Crown Roller Mills Building; the latter in particular is a notable landmark. The Crown Roller Mills building is not in Princes Street itself, but rather lies at the foot of Manor Place, close to its intersection with Princes Street. It stands at the edge of a small area of parkland called the Market Reserve, at the opposite edge of which is the city's main bus depot. This area was swampland when the first European settlers arrived in Dunedin, but was reclaimed and did host a regular market for a few years from the 1870s. The market was not well-supported, however, and eventually folded. The bus depot is located on the site of the city's 1902 Tram workshops. The Market Reserve also contains a children's playground and, at the edge closes to the Crown Roller Mills Building, a small monument dedicated to Otago workers who have lost their lives while at work. This simple
bluestone memorial was erected in 2003 by the New Zealand Council of Trade Unions on a site donated by the Dunedin City Council. At the bottom end of Princes Street is the former Dunedin Metropolitan Club building, now home to
Natural History New Zealand, one of the country's leading television production companies. Opposite this lies a large recreation reserve, which — despite its roughly triangular shape — is called the Oval, or more correctly,
Kensington Oval. Kensington Oval contains mainly cricket and association football pitches, and also caters for rugby, hockey, and softball. The Oval also contains one of the city's main war memorials, dedicated to the fallen of the
Boer War campaign. This lies close to the Oval's northernmost point. Close to the Oval are two major road junctions. At the north end, a link road connects Princes Street with the city's one-way street system (part of
State Highway 1) and with Anderson's Bay Road, a major arterial route to
South Dunedin and
Otago Peninsula. The part of Princes Street close to the Oval, as well as several other nearby streets, was for many years used annually as part of the
Dunedin Street Circuit, a temporary inner city motor-racing circuit used during the week-long
Southern Festival of Speed, which ran from the 1980s until the early 2010s. At the southern end of the Oval is a further junction, with Princes Street terminating in a link road to
South Dunedin's main street, King Edward Street, and a further road skirting the edge of a hilly spur to join South Road at the northern end of the suburb of
Caversham. This latter road passes
Dunedin's Southern Cemetery, the oldest and arguably most historic of the city's main cemeteries. The Southern Cemetery's earliest graves are from 1858, and it contains the remains of many of the city's founding fathers, including Captain
William Cargill,
Thomas Burns, and
Johnny Jones. The cemetery is notable for its large Chinese and Jewish sections. ==Transport links==