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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We're looking into how some common claims about NZ stack up and would be interested in your thoughts on whether New Regent Street in Christchurch deserves its title of 'NZ's most beautiful street'. Do you think it is the best-looking street in the country? Or is there another street you think is more beautiful? Please put 'NFP' (not for publication) in your comment if you do not want it included in an article. Thanks for taking the time to share your thoughts.
Kia ora neighbours, trawl fishing will be restricted and marine protection areas will be expanded almost threefold under a new plan to protect Auckland’s Hauraki Gulf.
Do you think the new restrictions are a good idea?
95.6% Yes it will help marine life95.6% Complete
4.4% No it's too strict4.4% Complete
Hi Everyone, We have a piano that has not been used for a long time. It is in working condition but may need to be tuned. Would be ideal for a family with children who are wanting to learn to play and do not have their own. We are not wanting any money for it however will need to be picked up from Remuera. Contact Anna 021753158.