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.
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Some Choice News!
DOC is rolling out a new tool to help figure out what to tackle first when it comes to protecting our threatened species and the things putting them at risk.
Why does this matter? As Nikki Macdonald from The Post points out, we’re a country with around 4,400 threatened species. With limited time and funding, conservation has always meant making tough calls about what gets attention first.
For the first time, DOC has put real numbers around what it would take to do everything needed to properly safeguard our unique natural environment. The new BioInvest tool shows the scale of the challenge: 310,177 actions across 28,007 sites.
Now that we can see the full picture, it brings the big question into focus: how much do we, as Kiwis, truly value protecting nature — and what are we prepared to invest to make it happen?
We hope this brings a smile!
Illuminate Market 2026 is coming soon!
Hosted by Recreate NZ, Illuminate Market is a true celebration of possibility, showcasing the incredible strengths and talents of young people. A space where empowered inclusion comes to life, and the richness of diverse minds is recognised and celebrated. Illuminate Market is the vibrant, socially inclusive world we all want to see.
Bring your whānau and friends along to this joyful community event featuring market stalls, delicious kai, creative workshops, live performances and fun activities for the whole family. Free entry, all welcome!
Saturday 28th March 2026 | 4pm - 8pm
Mt Albert War Memorial Hall & Reserve, 773 New North Road, Mt Albert, Auckland
Illuminate Market is made possible with funding support from Spectrum Foundation and Albert-Eden Local Board.
Follow Recreate NZ on Facebook & Instagram for the latest event updates or visit www.recreate.org.nz....
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