Archive | CBD

Britomart decision moves back to November

3 councillors & planning manager off to waterfront conference

Auckland City Council’s decision on which of 2 candidates will win the Britomart above-ground development contract has been put back to November.

The council had anticipated reaching a decision for its 25 October meeting but it’s now likely to be made at the 27 November meeting.

3 councillors and city planning manager John Duthie will be absent from the October council meeting, all attending the Waterfront Expo in London’s Docklands.

The council is paying for recreation & events committee chairman Cllr Scott Milne to attend the conference, but not for finance & corporate business committee chairman Cllr Douglas Armstrong or city development committee chairman Cllr Juliet Yates.

“They’re so keen on it they’re paying their own way,” Mr Duthie said.

“We’re not going up there because of the Britomart stuff, and it won’t make a difference on who is chosen as the proponent we want to work with. But we certainly want to build in all the learning, from New Zealand & overseas. We certainly will be using it in the future.

“There’s a whole lot of case studies at the conference, and it will help as we move forward and develop the city, but it’s not a criterion on which the 2 applicants will be judged.”

The Britomart contest is now between the Bluewater consortium – 40% Peter Cooper of Bluewater Group Holdings Ltd, 40% Multiplex Developments NZ Ltd & 20% Phillimore Properties Ltd (Kelvyn, Ken & Ross Healy) – and Nigel McKenna of Melview Developments Ltd.

The Waterfront Expo website is among several waterfront websites placed on the Bob Dey Property Report external links page after the Urbanism downunder conference in Auckland in March.

Website: Waterfront Expo

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CBD snapshot

CBD liquor ban starts tonight

Auckland City Council’s ban on drinking alcohol in public places in the downtown area begins tonight, and will be extended to Viaduct Harbour by the end of October. Law & order committee chairman Cllr Noelene Raffills said private Viaduct property owners had, “on the council’s advice, agreed to give the police the authority to issue trespass notices to people who are in the possession of, or drinking alcohol on their land. Obviously the pavement seating areas attached to licensed premises and private apartments are excluded from the ban.”

23 September 2002

Free downtown buses

Free red “City Circuit” buses will be introduced to downtown Auckland for the America’s Cup season, run by Stagecoach and subsidised by the Auckland Regional Council. They will follow a clockwise route with 11 stops, from the Edge entertainment area, Queen St, Viaduct Basin and up to Auckland University every 10 minutes, 8am-6pm 7 days.

Question on commmercial street banners

Auckland City Council ‘s city development committee wants community board input before deciding in November whether to allow more commercial content in banners across the streets of shopping strips.
Current policy is to approve banners if they display a community message. Options in a report to the committee included allowing for some local commercial advertising, and protecting access for local not-for-profit organisations and the council.

The council’s contract with its approved event branding supplier, NetWork Visuals, protects access for events the council deems of significant importance, through a first option to use any site and a right to require that installed banners be cleared.

Council approves airspace leases for Sky bridges over Federal St

Auckland City Council’s city development committee has approved 2 airspace leases for the development of overbridges across Federal St linking the Sky City casino to its new convention centre. Conditions cover height & transparency and require light construction material & no commercial advertising. Council policy requires that public benefits need to be clearly established before consent is granted. The committee found that links to a privately funded large conference facility of international standards at no cost to ratepayers would be a significant benefit to the public.

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Britomart above-ground closing date now 16 May

1st train due into station 23 June

2 of the 4 companies shortlisted to get the above-ground Britomart project have joined forces. The closing date for stage 2 proposals has also been extended from 30 April to 16 May.

Auckland City Council project manager Doug Alexander & consultancy services manager Peter Beckerleg said, in their report to the council’s finance & corporate business committee on Wednesday, 1 candidate for the project wanted the closing date pushed back to 26 May “on the basis that this will result in a vastly improved proposal being submitted,” while the other 2 were ready to meet the original closing date but were prepared to accept a compromise.

The redevelopment exercise will give the winning contender freehold title to properties around the Britomart perimeter and leasehold on the central block above the rail tunnel into the new Britomart station.

4 openings for station

The transport interchange project will have 4 separate opening functions – a Ngati Whatua site blessing on Friday 20 June at 6.30am, celebration of the 1st train in on Monday 23 June at 6am, the official opening on Friday 25 July from 2-4pm, and a public open day on Saturday 26 July from 11am-5pm.

Bluewater Group Holdings Ltd and Phillimore Properties Ltd have joined forces.

The other 2 contenders are Melview Developments Ltd and Trans Tasman Properties Ltd.

Councillors were told in February that Phillimore had concentrated on the heritage buildings around Britomart in its stage 1 proposal and would need to enter into a joint venture to present a credible stage 2 proposal.

Bluewater was previously a joint venture between the interests of Peter Cooper and Multiplex Constructions NZ Ltd.

Bluewater Group (Tom Murray, a director of numerous Oceania & Eastern group companies) is part of the Oceania & Eastern group headed by Geoff Ricketts, Chris Mace & Robin Congreve. Dr Congreve’s other directorships include Symphony Group Ltd and Paramount Property Trust Management Ltd.

Melview Developments (Nigel McKenna) is developing the Beaumont Quarter on the former Auckland Gas Co site on Beaumont St, and the 29-apartment Lighter Quay project, the 1st project in former America’s Cup territory.

Trans Tasman, controlled by Jesse Lu of SEA Holdings Ltd, Hong Kong, is a listed property investor turning increasingly to development, with a large block on Viaduct Harbour, 1 building completed & sold in the Maritime Square office development on Fanshawe St, and an industrial subdivision under way near Auckland International Airport.

Previous story: Council shortlists 4 Britomart contenders

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Local syndicate buys Fisher building

9.8% yield with development potential

The Fisher International Building at 18 Waterloo Quadrant has been bought by a syndicate of Auckland investors for $6.755 million from the Fisher family trust, at a 9.8% yield on current rent.

Built in 1973, the 11-level 3990m² building is predominantly occupied by Auckland University, which has a 12-year lease over 8½ levels with a final termination date of 2011, although demolition clauses become operative in 2005.

The balance of the building is occupied by smaller office tenancies. It is producing net rental income of $663,000.

The building, opposite Old Government House and between the Hyatt Regency hotel on Princes St and High Court on Parliament St, has panoramic harbour and city views, and sits on a 2367m² site which has further development potential.

The sale was negotiated by Bayleys commercial broker Bruce Whillans.

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510 units planned for old Greys Ave Public Service garage site

Update, 7 August 2002: The regulatory & fixtures sub-committee granted resource consent for the project on Monday 5 August.

Planning consent, 26 July 2002:

85-89 Greys Ave, Auckland City Council’s regulatory & fixtures sub-committee granted First City Developments Ltd (Colin Godfrey & Grant McKenzie) & Markham Group Ltd (Pat Rippin) non-notified hearing for their application to demolish the old Public Service garage and build 510 apartments in 2 blocks on the 5484m² site.

Their application for resource consent was deferred for consideration by the 3 committee members as commissioners, with the opportunity for questioning of the developers but not as a fullscale hearing.

Opposition statements were handed in by residents of the neighbouring Housing NZ flats (at left in photo) and a request from Housing NZ itself to be appraised of the development as an affected party.

After demolition of the old garage, used more recently for commuter parking (for 224 cars), 2 levels of basement parking will be created to accommodate 244 cars — less than 1 for every 2 apartments. The development supersedes a 7-level 563-space commercial carparking building for which City Wise Group (Symon Peters) got consent in 1999.

Senior council planner Heather McNeal said the traffic effects had been assessed as being insignificant and not contrary to council policies & objectives.

The land is zoned for residential use under the proposed district plan.

2 17-storey towers, mostly 1-bed units

A podium is planned above the basement parking, with the 17-storey tower blocks above that. The western tower 1 will have 17 units/floor for a total of 289 units. Tower 2, which has an indent due to its site position, will have 13 units/floor for a total of 221 units.

The proposal is for 4 types of residence: 102 2-beddies of 74m², 170 1-beddies of 47m², 17 1-beddies of 49m² & 221 studios of 32m².

The podium will contain a gym, office, 2 entry lobbies & storage lockers. Each tower is to have 2 lifts, none of them projecting beyond the rooftop. Top-storey units will be walk-ups from the top lift floor.

Floor:area ratio just over 5:1

The total gross floor area, including balconies, is 26,592m², giving a floor:area ratio of 5.09:1. There will be a 2100m² landscaped plaza between the towers and 75% of the whole site will be landscaped.

Neighbours include the Carlton Hotel (right), which is 17 storeys high, and the Housing NZ flats on Greys Ave , which are mostly 4 storeys. One of those blocks of Housing NZ flats is 6 storeys, but has a 4-storey roofline height at Greys Ave.

Chairman acknowledges concerns

Committee chairman Cllr Yates acknowledged the concerns of residents in the Housing NZ flats over dominance & height/boundary issues when she recommended deferring the resource consent determination.

But council planner Heather McNeal said the configuration took building & height/boundary controls into account to give sunlight & daylight around buildings.

Ms McNeal said there was nothing in the letters from Housing NZ flats residents to change her recommendation in favour of non-notification & resource consent.

Neighbours say it should be notified

Tim Coffey, who has lived in 1 of the Housing NZ blocks on Greys Ave for 10 years, said the proposal should be notified because the 17-storey blocks would dominate their 4-storey neighbours and the 510 units would “impact significantly” on the present number of residential units (about 200) in the street.

“There is a well developed community of interdependence & support. How a major addition of 510 neighbouring residential units will impact on the existing social cohesion of the neighbourhood remains both unconsidered & unanswered by either the application or the Auckland City report,” Mr Coffey said.

He believed the western Tower 1, nearest the state flats, would “unquestionably impact negatively on daylight penetration to the adjoining flats.” Those to the east would lose afternoon sunlight, and already received only reflected morning sun. Those to the south would lose morning sunlight penetration and presently received only reflected afternoon sunlight, which was obscured by highrise buildings on Vincent St, he said.

Parking provision inadequate, says Coffey

Mr Coffey questioned the provision of only 244 parking spaces, and said the shortfall beggared the question of where the occupants of the other 266 units would park.

“Although these units purchased without carparks will undoubtedly be less expensive to purchase, only a fool would expect likely contemporary New Zealand purchasers of these 266 units to dispense with a car.

“To think thus flies in the face of current & future New Zealand behavioral reality, regardless of Auckland City’s rosy but unrealistic present policies to discourage vehicles within the inner city by various means.”

Mr Coffey said the state flats, built on Greys Ave in 1947, didn’t provide for resident parking, the proposed new units had no provision for visitor parking, and kerbside parking was at a premium both in daytime and at night.

Concern at wind sheer effect

Mr Coffey noted the Opus Consultants report on wind sheer said there would be minimal effect on public space, but he said the state flats would be in the line of fire for winds dissipating “as they flow around adjacent buildings into the street,” in the words of the Opus report.

“Under these likely resulting conditions the wind sheer effect on the Greys Ave flats will be both negative & intolerable.”

Mr Coffey said the 17-storey towers would encroach on privacy in their 4-storey neighbours.

4-year consent sought

The developers want a 4-year consent to market & build such a big project, instead of the standard 2-year, which Mr Coffey and another Greys Ave flats resident, Bronwyn Martin, opposed because of the long effect on residents of the flats.

Mr Coffey said the proposed development was an example of development which might be considered by the council’s new urban design panel, which would only start work in September.

Click to return to Auckland City consent activity 26 July 2002

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Waterfront agency changes

Win one, lose one

Kelland’s Real Estate has lost the agency for the remaining units on Princes Wharf, but has taken over the sole agency on The Watermark on the Viaduct Basin.

The wharf development by Kitchener Group has 32 units unsold out of a total 299. In the luxury Shed 24, where builder Goodall ABL has gone into liquidation, to be replaced by Invercargill-based Amalgamated Builders (who had a controlling interest in the collapsed Auckland firm), eight of the 64 apartments remain unsold.

The Shed 24 units were sold initially for between $335,000 and $2 million. The resale of one of those top-priced units is under negotiation now for about $2.4 million. Sale of remaining units in the wharf development have been taken inhouse by Kitchener.

On the Viaduct, Kelland’s has taken over agency for the remaining 65 units in the 144-unit serviced apartment development, The Watermark, which is to be managed by the Sebel boutique hotel chain, part of the listed Australian Mirvac group.

The sole agency for that development and its neighbour, The Quays, had been handled by Bayleys. Only of the Quays units remain to be sold.

On the back, city side of the two apartment buildings, question marks had been raised over the state of Hartner Construction, which has stopped work on a small development between the tepid baths and Symphony’s City Markets redevelopment on Customs St West, where Hartner is also working.

The small redevelopment of the three-storey Apex building is by Wayne Hartner and Terry Mikkelsen in a joint venture, but Deborah Kelland said the exterior was being redesigned. “They’re looking at putting a New York deli on the ground floor and creative-looking offices upstairs.
Originally it had suspended ceilings and airconditioning. I said people want the rawness of the building, with the modern facilities,” Ms Kelland said.

Completion is set for the end of June.

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Sanford unveils $15 million Auckland Fish Market

Electronic auction and seafood school

Sanford Ltd today unveiled its latest plans for a $15 million Auckland Fish Market, to be built on a site next to its headquarters bounded by Jellicoe, Madden & Daldy Sts, near the fishing fleet wharves (See map below).

It’s modelled on the Sydney Fish Market and will house a daily electronic fish auction, seafood cookery school and associated wholesale & retail seafood industry amenities.

“This new fish market will provide a public face for our industry in Auckland,” Sanford’s managing director, Eric Barratt, said. “We see this initiative as a joint industry development, which will benefit not only fishing companies, but also seafood wholesalers, retailers & their customers, including the general public.”

Sanford is taking the lead in developing the complex and will retain ownership of the building, but a new company, Auckland Fish Market Ltd, will operate the fish auction & seafood school. Several other major fishing companies are expected to join Sanford as shareholders in the market company.

Old processing plant demolished

Sanford demolished its old Auckland fish-processing plant & associated cold stores to make way for the complex, and has also changed its office set-up. A new, much more efficient processing plant has been built next door.

The 2-storey complex was designed by Ignite Ltd architects and is being built by Arrow International Ltd. It will have 132 parking spaces, 70 of them at ground level, to cater for tenants, fish sellers & buyers. Completion is scheduled for mid-2004.

The auction room will have seating & desks for 85 buyers, looking out over an auction floor that can accommodate almost 500 fish bins to cater for all sorts of seafood species & lot numbers.

Dutch auction run by clock

Every desk will be linked to an electronic bidding system, known as a Dutch auction. When buyers register, they will receive a personal identification number for bidding via an electronic keypad.

The silent Dutch auction involves a large bidding “clock” which runs backwards. The description of the lot is displayed on the clock. In Sydney, the auctioneer usually starts the clock about $A2 above the price per kilo each lot is expected to receive, and the price drops every 3 seconds until it is stopped by a buyer entering a bid on their keypad. The buyer’s name appears on the clock to confirm the price & quantity of the transaction.

If the buyer hasn’t bought all the crates in the lot, the auctioneer starts the sale process again, this time A50c above the price just paid, and the clock falls again until another buyer stops the clock by bidding.

Buyers collect their invoices from automated teller machines, and those invoices show the exact location of the crates on the auction floor. The buyers then simply present the invoices to collect their crates and proceed to the large despatch area.

In Sydney, up to 1000 crates, holding an average 23kg of fish, are sold an hour, and Sydney processes about 2700 crates every morning.

Like Sydney, the Auckland Fish Market will offer a phone & internet fish price system for suppliers, giving them up-to-the-minute information on prices for their own products and also general prices.
Facility details

The auction facility, fronting Madden St, will include a 40-seat public viewing gallery, and rest areas for buyers & sellers. It will be linked by covered walkways through a courtyard to new retail & wholesale areas fronting Jellicoe & Daldy Sts.

That part of the complex will have 1065m² of retail floorspace, 210m² for wholesale & 1463m² of offices spread over 3 levels.

“We envisage these areas being used by seafood retailers & wholesalers, while the office spaces will appeal to firms connected with the fishing or marine industries,” Mr Barratt said.

The seafood cookery school will provide tiered, theatre-style seating for 66. Apart from running cooking demonstrations & lectures, the school will have 8 separate cooking stations so it can provide practical, hands-on training for young chefs, culinary enthusiasts or the public.

Should become drawcard

Mr Barratt said the market should become a public drawcard. As its popularity grew, he could anticipate demand for more seafood restaurants & cafés in the harbourside area.

“Our 1st-stage plans do not include any restaurants at this time. But it’s certainly possible that future stages could well include some harbourside facilities of that nature as zoning of the area changes.”

Mike Laird, managing director of Oceanic Foods & a fish retailers’ representative on the Fishing Industry Board for the past 6 years, said it was “the best concept I have heard in my more than 20 years involvement in the seafood industry.”

“For the small fish shops, it will mean competition for buying fish will at last be on a level playing field, rather than being reliant on 1-2 suppliers. The competition will be healthy for all, and quality can only get better. At last chefs will be able to get what they really want, not just what 1 supplier has to offer.

“I think people will flock to the tourist attraction created by the market, and the New Zealand Seafood School will only enhance the image of New Zealand seafood in general.”

Website: Sanford Ltd

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Britomart comment

Britomart commentary
Somewhere between the autocratically masterminded grand Britomart scheme of Peter Cross and the tinpot gift to transport operators that Auckland City councillors are now concocting in true committee fashion, sits a bus stop waiting to become an important feature of city life.

It can’t be the gigantic developer’s dream, as Kupe Group’s executives devised it in 1986, because we don’t have the population or economic growth to justify it.

Spread over 10 years of development, maybe 15, the 80,000m²-plus of office space of the Britomart scheme abandoned last year would not have been rash additions to the premium office market, even though plenty of alternative sites are available around the city.

Win the America’s Cup next week, and the hotel rooms of that project would be heartily welcomed, as would a precinct of quality apartments.

Councillors gasped yesterday at the prospect of spending as much public money on a small revised bus, tram and train stop as would have been spent on the previous underground terminal.

They could feel a little more relaxed about it when they heard the council should be able to dip into the Transfund and Infrastructure Auckland pies. But it’s still public money, to be spent without any sign of sums showing a commercial return.

Designers of the previous scheme, notably mayor Les Mills and project manager Peter Cross (both now eating their lunch elsewhere), were chided for putting ratepayers at potentially great financial risk.

All along, Mr Cross has argued that his scheme was devised to cost the council nothing (well, it would sell some properties it had inherited and spend a net $92 million getting a new transport centre, open space around buildings whose owners rightfully ought to be paying for some of that, and undergrounding Quay St to create a park beside the Ports company’s red fence). And the downtown area would be enhanced by the mix of new buildings set between the heritage ones.

They can feel smug, or sad, about what their successors are up to as far as the real estate is concerned, although the design competition to be held this year may draw out some spectacularly fine work. Is there another Frederick Hundertwasser out there, a character of spirit like the Austrian artist who died at the weekend?

Mr Mills’ replacement as mayor, Christine Fletcher, has worked diligently at getting co-operation among many parties in rejuvenating downtown areas and is pleased to see the coincidental progress being made on light rail and acquisition of the western corridor, all tying in with re-creation of Britomart as an integral cog in the great new public transport wheel.

But you worry when you see councillors squabbling over how a working party to monitor the new Britomart scheme should be constituted, politically.

Get them down to a night in the gloom of the old bus station waiting room and they might feel the urgency of repairing the damage five years (already) of slowly strangling the life out of Britomart has done to the cause of public transport.

You can worry that “cheap” is at the top of the priority list. You can also worry that both hands were out seeking a handout from other agencies to help pay for this project, yet any hint of inducing happy users back into the derelict heritage buildings by using subsidies seemed absolutely abhorrent. Use what it takes, dear.

The city council owes it to this neighbourhood, to the people who have dared to use the bus station despite the despicable way they have been treated, and to its citizens in general as the guardian of a central business district, to get a smile back on Britomart’s face.

Council staff have sensed a desire for quaint old office space, not the stuff of big corporates but of plenty of other city dwellers and office workers. A lick of paint and some fresh timber, a.s.a.p., please.

The mayor likes the democratic nature of the consultation process, including the design competition, compared to the previous autocratic behaviour. But the spirit that autocrats can bring to a venture must not be forgotten.

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Waitemata Waterfront project to stage 3

Madayag/Jasmax team wins, work could start soon

Auckland mayor Christine Fletcher was bubbling: one year after the city council canned the grand property redevelopment on the Britomart bus terminal site, she announced the winning design for what is now the Waitemata Waterfront development.

Work on continuing the development (the rail tunnel is already dug) could start soon — though Mrs Fletcher emphasised the outstanding deficiencies: a commitment by the region’s local bodies to buy the rail corridors, a Government financial commitment of $40 million to this project, and a decision on the transport mode to be used in the rail corridors.

The Savoy group is still working on a legal case against the council for terminating the previous Britomart project, which the previous mayor (Les Mills) and council majority had supported.

But that bitterness was left outside the door for the announcement of the winner of the council’s public design competition, which began with 153 submissions in round one, whittled down to seven finalists who went through round two.

For the second round, these finalists were invited to form multi-disciplinary teams to produce detailed plans.

The winning combination, announced by the mayor in the main chamber of the old Chief Post Office on Queen Elizabeth II Square, is headed by US architect Mario Madayag, who teamed up with local firm Jasmax, OMA/AMO Rem Koolhas, Peter Walker & Partners.

3 Key differences

There are three key differences between the previous scheme and this one — the process, the emphasis on transport instead of downtown development, and the extreme likelihood that this one will proceed quickly.

The previous process was run by a property manager. Peter Cross came in from the private sector to become the council’s property development manager, with some specific targets to aim at. Downtown, he was to tidy up the council’s leaseholdings, and to turn the ugly Britomart into a sparkling new transport centre.

As a property man, his natural course was to seek a property solution with a positive financial outcome, and that meant serious commercial development on the Britomart site.

Mr Cross knew about digging holes — as the man in charge of the MacDow tower (Pacific/Robt Jones/Coopers & Lybrand/PricewaterhouseCoopers/now the ANZ Centre), he agreed to a five-storey parking garage under that building between Albert and Federal Sts.

For Britomart, a 2900-space parking garage would replace the existing bus terminal parking edifice, provide parking for the towers that would be built above, and allow for some public short-term parking. Again, underground.

Also underground would be the train station, two floors down with potential for the line to be continued toward the North Shore, and the bus station. The train tunnel has been built, but the bus companies fought undergrounding.

The 1990s scheme was vigorously opposed by the city’s property industry, several of whose participants were closely involved in owning/developing/seeking tenants so they could develop competing sites.

Mr Cross called in designers, engineers, people from outside the close Auckland property community, to produce a Britomart project which would have about 83,000m² of premium grade office space, plus space in refurbished heritage buildings around the site perimeter. It would also have two hotels and an apartment precinct on the eastern end.

Transparency promoted

We all know design competitions don’t work, but that’s what the city council embarked on. It lost the opportunity to reach a positive commercial solution to its downtown blight, with a guarantee which meant that if everything wasn’t right after 10 years it could come out holding remaining developments sites and with a return from developed sites.

Plenty of people questioned the soundness of the council’s financial arrangements, particularly that guarantee.

The new process, Mayor Fletcher vowed, would be open. The first stage of the design competition ended in June and the second stage ended last night. The designs, slapped up around the walls of the former Chief Post Office, have been viewed by thousands.

Local architects, obviously not enthused by the previous project’s calling up of overseas expertise to head design, have entered the spirit of the new council’s approach. They have worked vigorously on replacement designs, but have also been prepared in some cases to call on foreign support as well.

Transport the emphasis

The emphasis, this time, has been on the transport aspects. The CPO (new name: Auckland Central) is to be a hub, with underground pedestrian links to the ferry terminal and the Downtown Centre. Escalators will take rail and light rail passengers from the CPO foyer two floors underground to the station. There will not be a single bus station, but bus stops dotted all round the CPO block.

For that to happen, and for light rail to head up Queen St, QEII Square will need to be reopened, though it’s not likely to be fully open to private vehicles.

A pedestrian street will take a line east from a square at the rear of the CPO, through the middle of the existing bus terminal. Development sites on each side of it remain boxes in the design drawings, as do three sites around the perimeter.

Developments are envisaged as lowrise, compared to buildings of up to 34 storeys in the previous scheme.

“We could start work on this very shortly,” Mrs Fletcher said — if the transport modes and rail corridor issues are disposed of. She said there could be no postponement of the 8 December date when agreement is to be reached on purchasing the rail corridors from Trans Rail.

The city council has $130 million in place, through the 1996 Britomart project, to enable it to start work immediately. The city council will seek another $40 million from Infrastructure Auckland to complete its financial requirements.

A resource consent was sought two months ago for the underground station and it could be through the consent process in a fortnight.

For the rail corridors purchase, the Auckland council wants the region’s other councils to agree to the deal and for the Government to come up with $35 million.

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Hobson St sale for residential project

Conrad gets consent for 209 units

CBD western fringe, 147 Hobson St, the 1570m² vacant lot has been sold by Archives NZ for $1.9 million for residential development. Agency: Henry Playne at CB Richard Ellis.

Conrad Properties Ltd gained consent on 30 August (Consent activity 30 August, Conrad adds a floor on Hobson St) to increase the number of apartments it plans for the site from 193 to 209, within the same envelope. That improved the land cost from $9845/apartment to $9091/apartment.

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