Luxury apartment development restarts as ex-Chch mayor Bob Parker bows out
A Chinese investor has boosted his stake in a luxury Christchurch apartment project as former mayor Sir Bob Parker and other local investors bow out.
Foundations are about to be dug for the $70 million-plus Cranmer Gardens development opposite Cranmer Square, first launched with Parker as frontman in 2017.
The apartments will be priced at up to $4.25m, with most for sale in the $1m to $2.2m bracket.
Launched when New Urban Group bought the site in 2015 and revealed its plans in 2017, the project was paused last year for a cost-saving redesign.
Dream of building hotel in Hastings comes to fruition after ten years in the making
A new 35-room apartment-style hotel is going to be built in central Hastings late next year.
The $8million hotel will be built in a vacant building behind the Hawke's Bay Opera House, Municipal Building and Plaza.
Wallace Development Company Ltd will construct the hotel, which will be operated by Quest Apartment Hotels – NZ.
Mayor Sandra Hazlehurst said the prospect of establishing a new hotel in the Hastings CBD had been a long-term aspiration for the council, and "it is really exciting to finally be able to announce this development".
"The council has been working to get a hotel into the central city for 10 years, and I need to acknowledge the work of previous councils who have helped with this journey."
