Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 7 February 2018.
Newmarket mall shuts this week for $655m rebuild
Westfield Newmarket, in the area where shoppers spend nearly $9 billion annually, closes this week ready for a $655 million redevelopment.
Scentre Group said its last day of trading would be this Thursday, the mall would be shut from Friday and it promoted sales in stores.
"Spread across two sites, a major redevelopment of the buildings and land holding at 309 property is scheduled to commence in 2017 while planning is currently under consideration for the 277 property, which will transform the centre into a premium retail destination," Scentre says.
More information about the mall's plans are due out on Friday.
Husband and wife property developers linked to $20 million boost in small Taranaki town's housing stock
A small Taranaki coastal town is riding a property wave worth $20 million thanks to the efforts of one enterprising couple.
After years of work, Richard Dreaver and wife Sharron Masters-Dreaver have created two subdivisions off Waitara's Armstrong Avenue, which boast a total of 79 sections.
While some builds are finished on the larger 56 section block, about 40 homes in the area are currently under construction. Resource consent had also been granted for work to begin on developing the smaller subdivision, which will have 23 sections for sale.
New transitional housing development opens in Napier
Hawke’s Bay people in urgent need of a place to live are benefiting from Napier’s newest transitional housing complex, says Associate Housing and Urban Development Minister Jenny Salesa.
Ms Salesa attended the blessing of the final five homes in Maraenui’s Kelvin Place this morning.
“This Housing New Zealand development is part of an overall response to address housing needs in Hawke’s Bay,” Ms Salesa says.
“As at 26 January, the Ministry of Social Development has contracted 150 transitional housing places in Napier and Hastings, well above the target that was set for this point in time. Across New Zealand, there are now over 1900 transitional places being tenanted or available for tenanting.”