Million-dollar dumps: The Auckland car park worth $82.5 million
Downtown Auckland is going through huge transformation with its various streetscape and transport projects. But in stark contrast, several plots of land worth hundreds of millions of dollars have sat as car parks since buildings were knocked down in the 1980s.
The Elliott St car park sits on a 4417 square metre plot of land, valued at $82.5 million.
The land has sat undeveloped as a car park - where an hour will cost you $19 - since the Royal International Hotel was demolished in 1987.
It was purchased by Singapore company NDG Asia Pacific (NZ) Limited for $53m in 2012, and in 2017 the company was given approval by the Overseas Investment Office to build and operate a 52-storey, five- star Ritz-Carlton Hotel, with 300 guest rooms, four floors for hotel facilities, six for retail and five for car parking.
The development is expected to cost $350m, with the start of construction dependent on the completion of City Rail Link. However, the resource consent for the tower is due to expire in October.
Click 'read more' for our full story.
The Online Garage Sale of the Summer
It's time to clean out the garage (or closet or cupboard!) and make some money back on your summer goods. Get involved with the Neighbourly online garage sale on Saturday, February 22nd.
Whether it's time to let go of your spare tent, your beach umbrella or maybe clear some clothes from your wardrobe, the Neighbourly garage sale is the place to do it - it's free and it's local!
If this is your first Neighbourly garage sale, the way it works is that you list your items individually ahead of the event and members perusing the garage sale items online will contact you to buy it.
Make sure you check out the treasure trove of bargains on Saturday, February 22nd - it's well worth a look!
🧩 Crack the Code: Today’s Riddle Challenge! 🤔
I’m a three-digit number; my tens digit is five more than my ones, and my hundreds digit is eight less than my tens—what am I?
Do you think you know the answer to our riddle? Don't spoil it for your neighbours! Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Last call for entries to our Resene Shed of the Year 2025!
Take a look at Paul Bates' "surprisingly roomy" Tardis-inspired shed which took out our 2023 title, and if you reckon your shed is right up there, well, you could be in the running to win a robot lawnmower, Resene vouchers and a subscription to NZ Gardener. To enter, tell us why your garden shed is New Zealand's best, and send up to 5 high-quality photos to Resene Shed of the Year 2025, NZ Gardener PO Box 6341, Victoria St West, Auckland 1142. Or email to mailbox@nzgardener.co.nz. Entries close February 23, 2025.
Loading…
