Million-dollar dumps: The Auckland car park worth $82.5 million
Downtown Auckland is going through huge transformation with its various streetscape and transport projects. But in stark contrast, several plots of land worth hundreds of millions of dollars have sat as car parks since buildings were knocked down in the 1980s.
The Elliott St car park sits on a 4417 square metre plot of land, valued at $82.5 million.
The land has sat undeveloped as a car park - where an hour will cost you $19 - since the Royal International Hotel was demolished in 1987.
It was purchased by Singapore company NDG Asia Pacific (NZ) Limited for $53m in 2012, and in 2017 the company was given approval by the Overseas Investment Office to build and operate a 52-storey, five- star Ritz-Carlton Hotel, with 300 guest rooms, four floors for hotel facilities, six for retail and five for car parking.
The development is expected to cost $350m, with the start of construction dependent on the completion of City Rail Link. However, the resource consent for the tower is due to expire in October.
Click 'read more' for our full story.
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
-
79.9% Yes! It's better to regift what I don't need
-
20.1% No. It's the thought and effort that matters
Today’s Mind-Bender is the Last of the Year! Can You Guess It Before Everyone Else? 🌟🎁🌲
I dance in the sky with green and gold, a spectacle few are lucky to behold; I’m best seen in the south, a celestial sight—what am I, lighting up the New Zealand night?
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
Want to stop seeing these in your newsfeed? No worries! Simply head here and click once on the Following button.
Meri Kirihimete:----- Here's wishing all Christians a very MERRY CHRISTMAS
Wishing you a Christmas filled with light, laughter, and the kind of friendly conversation that makes our neighborhood feel welcoming, connected, and full of goodwill all season long.
May your festive season be peaceful, joyful, and rich with shared smiles, thoughtful gestures, and moments that remind us why community and connection matter so much.
Sending heartfelt greetings that celebrate the warmth of our neighborhood, encouraging shared laughter, cooperative spirit, and the joy of being part of a caring community.
Wishing you a Christmas where every door opened brings laughter, every conversation inspires friendship, and every small act of kindness reflects the true meaning of the season.
May this holiday season fill our neighborhood with light, love, and harmony, creating memories that bring everyone closer and strengthen bonds that last well beyond the festive period.
Sending greetings that reflect gratitude for your presence, friendship, and the support you offer, making our corner of New Zealand feel like home during Christmas.
Wishing you a festive season full of community celebrations, cheerful greetings, and shared moments that strengthen the connection we enjoy as neighbors.
May our streets be brighter with laughter, our gardens warmer with friendship, and our gatherings filled with memorable festive moments that bring joy to every household.
Sending heartfelt wishes that even in the busiest moments, we pause to appreciate one another, fostering goodwill, understanding, and a sense of shared joy during the holidays.
Wishing you Christmas mornings full of cheerful greetings, afternoons filled with kind interactions, and evenings that reflect the harmony and warmth of our neighborhood
May the spirit of Christmas inspire generosity, smiles, and memorable connections that remind us of the true value of community and companionship.
Sending you long, thoughtful messages of gratitude and goodwill, wishing every festive activity brings happiness and shared enjoyment.
Wishing for moments of neighborly cooperation, laughter, and support that enhance our holiday celebrations and create lasting festive memories.
May this season bring a sense of belonging, connection, and appreciation for every individual who contributes to the vibrancy and warmth of our neighborhood.
Sending wishes for shared joy, memorable interactions, and meaningful moments that make our community stronger and more cheerful this Christmas.
Wishing you celebrations where everyone feels valued, appreciated, and included, reflecting the essence of kindness and togetherness this festive season.
May our neighborhood be a space of warmth, smiles, and shared experiences that elevate the Christmas spirit for everyone living here.
Sending greetings that celebrate friendship, community spirit, and thoughtful gestures, leaving lasting impressions on every neighbor we encounter.
Wishing you holidays where communication, kindness, and shared laughter make our community stronger and more connected than ever.
May every Christmas greeting, conversation, and shared moment enrich our neighborhood, fostering joy, trust, and long-lasting relationships.
==================================================
Loading…
