Owners vow to save historic edifice
Christchurch's historic Peterborough apartment complex could cost up to $12 million to fix, but the owners are vowing to save it.
The 81-year-old Peterborough St building was hit hard in the February earthquake, which warped the floor and left large wall cracks.
In the courtyard, the underground car park was thrust upward by the quake, leaving gaping cracks in the pavement and crumbling walls.
The street-front entrance has been red-stickered, while most of the 37 apartments have been yellow-stickered.
Di White-Johnson, who owns one of the apartments and manages the complex, said most owners were committed to saving the building.
The complex had been assessed by the body-corporate engineers, who believed it was repairable, but early estimates were that it could cost $12m and take up to a year.
The owners were awaiting damage assessments from the Earthquake Commission and their insurers, and hoped the companies would agree to repair, rather than demolish the complex, she said.
"We are insured for $12.3m, so my gut feeling is they will want it repaired," she said.
The category 2 heritage-listed building was converted into upmarket apartments in 1999.
It has previously been an arts centre and originally was a teacher-training college.
Since the February quake, 49 heritage buildings have been demolished in Christchurch.