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.
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Kauri Glen Reserve treetop bridge and boardwalk now open!
NEWSFLASH: The wait is over and the Kauri Glen Reserve treetop bridge and boardwalk is NOW OPEN to the public! Check it out!
And please join us for our official opening/celebration in a couple of weeks!
➡️ When: 12pm Sunday 28 April
➡️ Where: Kauri Glen Road entrance to Kauri Glen Reserve
➡️ Facebook event: www.facebook.com...
Free BBQ! Walk the new track!
This is a new step-free route between Kauri Glen Road and Tui Glen Road, with a refurbished track (including steps) to Raymond Terrace. The new bridge is around 6 storeys high with a very impressive view of the forest tree tops.
The new tracks, bridge and boardwalk have been built to a standard to help prevent the spread of kauri dieback disease, which is especially important in this park.
*** Please always clean your shoes, bikes, prams and wheelchairs at the stations. ***
Note: We made the decision to allow public access earlier than expected to prevent further damage to the forest by those who were throwing the fences into the trees 🙁
- Funded by the Kaipātiki Local Board and Natural Environment Targeted Rate.
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