Land purchase unlocks opportunities for Avondale town centre
A site that has been vacant for 15 years has been purchased to support the regeneration of Avondale’s town centre. The site, on the corner of Great North Road and Racecourse Parade, has been purchased by the city’s regeneration agency Panuku Development Auckland.
Whau Local Board Chair Tracy Mulholland says that securing the site unlocks significant opportunities for the upgrade of the town centre.
“The site will be incorporated into the plan to enliven the town centre which will introduce new open spaces, the development of a community facility and implementation of a retail strategy that will attract new businesses,” says Mulholland.
'Lego' hotels coming as developers chase cheaper, faster builds
With more than 11,000 hotel rooms planned or under construction, developers are eyeing up modular building systems to save time and money.
Colliers International's national director of hotels, Dean Humphries, said modular hotels were inevitable because traditional construction costs ranged from $300,000 to $500,000 per hotel room, depending on the level of services and amenities offered.
"It's very expensive, we're talking $5000 to $6000 per square metre to build, and that's excluding land costs.