Quattro Alberts steps back from waterfront, bets on Midtown
The sale of two of its Viaduct office properties comes on the heels of its $230m deal for the heritage Bledisloe building.
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The sale of two of its Viaduct office properties comes on the heels of its $230m deal for the heritage Bledisloe building.
The ‘black box’ Pavilions site will be removed as early as November, with construction scheduled from about January, developer says.
A retractable roof would account for more than half of the $550m upgrade.
The city developer says it will decide whether to proceed with its biggest development next year ‘at the earliest’.
Firm says the offer has attracted early commitments of $10m from wholesale investors, of a maximum of $40m.
Concerns have emerged over viability of $687m precinct, as project manager's contract runs to an end and site reverts to council control.
Low-ball offers for the 36-unit development are likely given the distressed nature of the sale process, developer says.
The 56-level skyscraper could be reconfigured as student accommodation, architect says.
Steven Joyce has been elected chair of the residential developer, with Meehan moving into a consulting role on ‘major development projects’ as required.
Deed of company arrangement proposed in settlement of any potential claims over failed Auckland development.