The development is a $55 million joint venture between Symphony and the Watts Group Ltd, which is building it.
The Parc site is surrounded by Customs St West, Market Place & Pakenham St. The development, and Symphony director Colin Reynolds, won high praise from Auckland mayor John Banks at the opening, while Symphony’s general manager, Gary Noland, said The Parc had replaced “a blot on the landscape.”
The Parc will ultimately have 11 residential buildings containing about 120 units (including some commercial units), enclosing a 3500mÂ² oval garden â€“ an oasis slightly smaller than a rugby field in the heart of the Viaduct.
Residents will move into the 1st 2 blocks facing Market Place in August and 7 more of the blocks are under construction. The final 2 blocks, Solo and Lumina, will close off the development on the Pakenham St side.
Mr Noland said the project got away from the traditional long corridors associated with apartment developments and there was nothing to compare it with.
The mayor, in full flight, told the opening gathering: “I’m here today principally because I admire Colin Reynolds. I think he’s 1 of the good guys. I wanted to come here today to say to Craig Watts, â€˜You’re a very good builder, Craig.'”
Mr Banks said council purchase of nearby Viaduct land, which would not be developed, would add significantly to the value of The Parc’s apartments.
“I love this place â€“ I train across the street in the gym. This substantially adds to the heart & soul of Auckland City,” he said.
“There’s a lot of architectural vandalism taking place in this city â€“ some of the rudest development you can see in the world, (but) I think these are brilliant.
“This is a great part of town. We are blessed by people in this area who want to do it right, and they will benefit in the long run by not taking the short cuts.”
The 1st stage of The Parc comprises 6 buildings containing 51 units, of which only 5 remained unsold last week (the last of the Customs St West units, with a view to the Viaduct Basin, was sold for more than $1 million the day before the opening. Those units are under construction now, next to the office of Oceania & Eastern Ltd.)
Apartments in those buildings range from $557,000 for 137.6mÂ² to $1.8 million for 349.3mÂ².
19 units in the 2nd stage were released a fortnight ago, and 7 of the 9 commercial units on Market Place had sold.
Also just released is the Solo Apartments building, which Mr Noland described as a modern alternative to the traditional Parc residences, including in-wall beds and with the ability to be used as commercial premises. These studio apartments have been priced from $235-295,000, and 9 of the 34 have been sold. (The Kellands Real Estate website for Solo gives all prices, unit sizes and prices/mÂ² net & gross).
The 14 apartments in the Lumina block will also be 2-3 bedrooms, with internal areas of 120-145mÂ²and prices in a range of $745-929,000.