Progressive Enterprises Ltd secured resource consent on Friday for its development of a supermarket plus 30 freehold live/work sections on the former DYC vinegar factory site in Ponsonby.
Works will start in a few weeks on the subdivision part of the site, called Vinegar Lane.
Subdivision works such as roading & service pipes had already been tendered but work won’t start yet on the Countdown supermarket, which is still in its design phase. Craig Watkins, of Key 2 Real Estate Ltd, said the supermarket part of the site also couldn’t be backfilled until the carpark building was completed.
CMP Construction Ltd (Ron MacRae), which has just finished redeveloping Victoria Park Market, has been hired as contractor for all the groundworks and will also build most of the individual site structures, leaving fitout to be completed by each owner.
Many of them were what Mr Watkins called “armchair developers” who hadn’t developed before: “We show people how to build. We could be saving up to 20% by working together, and they all get finished at the same time. We can build faster this way.”
The Cider (supermarket) & Vinegar combination will sit behind a row of Ponsonby Rd buildings on a 13,609m² site between Pollen St, Crummer Rd & Williamson Avenue.
Former developer Layne Kells of Marlin Group aggregated titles and dug the site out for 5 basement levels for his Soho project, but had the site sold by his financiers. Most of the area dug out has been filled back in.
The block width of 40m will allow for 2 20m-deep sites but the development will include a courtyard, with a 12m-wide street. All 30 freehold sections were sold last year, the cheapest a 78m² site sold for $285,000 + gst. Prices ranged up to $1.4 million + gst for a 400m² site.
The resource consents – 36 in all, including one for the internal road, which will be owned by the Vinegar Lane owners – cover the whole site, leaving individual owners needing only a building consent.
A minimum height limit of 10m has been set, with a 3.6m minimum for the ground floor and 3.2m floor to floor above that, allowing a minimum 2.7m stud height. Mr Watkins said one owner had opted for 3 storeys, most for 4 and some for 5. The resource consent allows double the permitted density of the mixed-use zone.
Mr Watkins is an owner himself and intends to run a real estate office on the ground floor and occupy a 300m² 2-storey townhouse on the top 2 floors, with a private roof garden – “for the trampoline”. Between home & office will be 2 150m² 4-bedroom apartments.
“We’re expecting we can probably move in this time next year. It should take 6 months to complete all the shells, then the fitouts can be done. Only 3 are going to be single dwellings. The rest will be multiple dwelling buildings with commercial use on the ground floor.”
Most of the residential units will be held as rental investments – across the 30 sections there will be about 100 dwellings.