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: Does the building consent process need to change?
We definitely need homes that are fit to live in but there are often frustrations when it comes to getting consent to modify your own home.
Do you think changes need made to the current process for building consent? Share your thoughts below.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
-
91.3% Yes
-
8.2% No
-
0.4% Other - I'll share below!
Lest we forget...
On this ANZAC Day, let's take a moment to remember and honor the brave men and women who have served and continue to serve our country.
Tell us who are you honouring today. Whether it's a story from the battlefield or a memory of a family member who fought in the war, we'd love you to share your stories below.
welcome (& help) new neighbour
kia ora lovely neighbours
as some of you know, I love the marketplace on here - (you know people are LOCAL, easy to collect) - and meet such lovely neighbours in the process.
I did not click on the 'ad' for "free house hold stuff" - as I though were GIVING away stuff - and little I need right now.
oh when I did - a very easy mistake to make - ASKING for - not giving away
Amanda & her 2 sons (12 & 16) have just moved here, out west, from Wellington - and looking for a helping hand
so generous neighbours - is there anything surplus to your requirement that you can help Amanda with?
"Hi me an my two sons have just relocated to Glen Eden from Wellington an are looking for few things for our house kitchen table an chairs pots an pans an draws cabinets etc thank you"
"16 and 12 and we are needing dinning table and chairs vacuum kitchen stuff and draws for boys rooms"
I think I have a spare large frying pan - but can't help with the rest....
if you can't help, all good - just if you don't ask, you don't get - (so see Amanda's ad - in Marketplace - under "free house hold stuff" - for her contact info)
peace & love - arohanui
Loading…
