Sep 23 2015
Construction sites blessed marking the next chapter of Wynyard Quarter’s redevelopment.
A number of Council owned development sites in Wynyard Quarter have been blessed today in preparation for $1 billion of construction about to begin.
The sites spread across a block of land bordered by Beaumont, Pakenham Street West, Halsey and Madden Streets,will eventually be the location for 500 new homes and 48,000 m2 of commercial space.
Panuku Development Auckland as the landowner and masterplanner on behalf of Auckland Council will oversee the development being delivered by partners Precinct Properties (commercial) and Willis Bond Ltd (residential) and their respective contractors and consultants.
More than 50 percent of the first tranche of homes has been pre-sold with works expected to get underway next month on 113 homes on the Wynyard Central site bordered by Daldy and Pakenham St West, and in November on 51 apartments at 132 Halsey St.
Meanwhile initial works will begin in less than a fortnight on the first two major commercial building projects referred to as Mason Bros (current Southern Spas building) and Innovation 5A. Approximately half of the commercial buildings will consist of workings space as part of the Grid – the Wynyard Quarter innovation precinct.
Deputy Mayor Penny Hulse says the day marks the changing waterfront landscape and a strategic use of publicly owned land assets.
“It’s important we take the time to mark the passing of the land from its former industrial use to the location for a new residential and working community as it also recognises the significance of the historical links of the waterfront to mana whenua in Tamaki Makaurau.”
“Leveraging the use of these important Council landholdings is important as it delivers significant financial returns and optimises the use of this prime waterfront land in a way that will offer long term economic benefits for the city centre and the region.”
Interim Chief Executive of Panuku Development Auckland John Dalzell says after opening up the western edge of Auckland’s waterfront in 2011, with more public spaces, restaurants and bars, the central precinct of Wynyard Quarter will be an important next step.
“What we’re talking about here is setting an exemplar for medium density development for the region. Building designs will inspire and new behaviours will be encouraged through approaches to recycling, energy and water conservation and generation, walking and cycling amenities, car parking and transport.”
“It won’t just be tenant or homeowners who are set to benefit from the development either as with 11,000 m2 of new laneways and open spaces, including nearly 1,300 metres of retail space; visitors to Wynyard Quarter will be able to experience a whole new part of the city.”
Wynyard Quarter will continue to develop over the next 15 years. Construction is already underway on the new ASB waterfront theatre which is due to open late next year while work will begin early next year on a five star hotel on the former Team NZ site after consent approved earlier this month.