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Contractors involved in building the $5 million-plus complex mingled with apartment owners at the dawn blessing. Developer Doug McKee said he felt the Maori blessing was appropriate.

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It consists of a four-storey apartment block with 12 apartments, ranging in size from 120sq m to 160sq m, plus a 200sq m stand-alone apartment alongside. The stand-alone apartment is still being finished and has just been put on the market for $950,000. All the other completed apartments sold within months of going on the market and two have already resold for about $650,000 – more than $100,000 above their initial sale price.    Plans to revive the Rainbow Skifield have been dealt another blow.

The group fundraising to buy the Rainbow Ski Area has reached a purchase agreement with its owners, and expects to have the skifield open for the 2004 ski season. A new subdivision planned west of Hoddy Rd peninsula between Appleby and Mapua has drawn strong opposition.

The company is also seeking consent for a right-or-way serving the allotments. Nelbay Developments has applied to subdivide two existing titles to create the nine sections, ranging in size from under a hectare to almost 1.7ha.

Property Depreciation Schedule Report – All about Investment Property

 

And could be a possible site for a tramline as waterfront development adds to traffic volumes,He said the idea of a tram service had been raised before.Mr Matheson said development around the waterfront would require a change in traffic patterns.

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They say extra pollution will increase problems along the link route. The concept got the nod from the Road Transport forum which represented road transport operators, but it warned that shutting Wakefield Quay to traffic would make the southern link unviable in its proposed form.

Connecting Tahunanui to the city centre, provided the road isn’t closed to all other traffic.saying the quay was “ripe” for an alternative transport service. Although a change in traffic patterns was needed, the proposal would not require closing the road to traffic, he said.

It was hoping to call for tenders for the $5.65 million project by Christmas and open the complex late next year. it was now investigating a proposal to extend the pool to 50m following a joint council meeting last week. The meeting passed a resolution to add the pool to a list of regional facilities that would be jointly funded.

Mr Trent’s plans to build the 200-house development have sparked a public backlash, with many people expressing concern over foreign ownership in the region. Mr Trent, a New Zealand resident who is planning to apply for citizenship, said he was developing the proposal with several other.

Although plans have not yet been drawn up, he envisages clifftop houses in the Monarch Beach subdivision will sell for between $5 million and $10 million. Prices of inland houses would depend on how many lots the land could be subdivided into, he said. However, if the lots were 0.8ha the minimum price would be about $600,000. whether his development would end up including productive land, a golf course or a park-like setting.