New Newtown apartment block

Last updated 08:58 21/08/2012
Masina Apartments
Newtown apartments: An architect’s drawing of the Masina Apartments being built in Riddiford St.

Relevant offers

Commercial Property

Port Waikato campground with 'glamping' and budget housing potential for sale Te Omanga Hospice revamps retail operation, signs lease for Fitzherbert St warehouse Owners put Lower Hutt's Pretoria House on the market Wellington office market heats up, as development continues Architects recognised for Wellington and Wairarapa designs Main commercial sectors looking positive heading into second half of 2016 Police and retailers on alert for 'idle kids' shoplifting during school holidays Old Cadbury chocolate storage building on the market International tourism boom pays off for Wellington hotels New Plymouth's multi-million dollar old post office building for sale

Work has started on a new apartment block across the road from Wellington Hospital in Newtown.

The four-storey Masina Apartments, which will include 41 residential units and three ground floor shops, is being built on the former Collins Motors site on the corner of Riddiford and Hall streets.

Kelvin Taylor of Taylor Property Plus, who is managing the project for Messenger Holdings, said it included a mix of studio, one-and two-bedroom apartments.

It was designed by Novak and Middleton and was being built by Redican and Allwood. The $15 million project is expected to be completed by May or June next year.

Seven apartments were sold off the plans as required to secure bank funding, while the rest were being held for long-term investment.

Property developer Vlad Barbalich bought the property from garage proprietor Tai Collins for $1.65 million in 2009.

Resource consent for the development was obtained in January last year and earlier this year council granted consent to clear contaminated soil from the site.

Taylor said the development was designed to enhance the area and extend the Newtown shopping centre further along Riddiford St towards Adelaide Rd. It would have a verandah along the street front.

Ad Feedback

- The Dominion Post

Comments

Special offers
Opinion poll

Do you rent or own your home?

Rent alone

Rent with others

Own with mortgage

Own freehold

Vote Result

Related story: $1m-plus in unclaimed bonds

Featured Promotions

Sponsored Content