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Housing New Zealand has today announced ground could be broken on a new central city apartment block as early as June.
The apartment block will be built on a 2000 square metre site at 399 Manchester St as part of HNZ's commitment to build 700 new homes in the next three years.
Discussions are underway to plan the new complex but the number of apartments it will include has not yet been confirmed.
Expressions of interest in the construction process closed in November. Two proposals were selected from 11 submitted.
The complex is likely to be three storeys high, and include a number of one and two-bedroom apartments.
In an interesting move, HNZ has announced only a third of the complex will be tenanted by HNZ tenants. The remaining two-thirds will be up for sale as first homes and invetment properties. The scheme is apparently in line with an initiative to improve communities and living spaces by mixing the tenancy of one complex.
Under the current timeline, ground could be broken as soon as June.
- (Live Matches)