Waterfront investment opportunity “once-in-a-lifetime”

The city’s council has approved a prospectus for investors, outlining uses for a 28,000 square metre block of land in Wynyard Quarter.  It allows for up to 1000 apartment and homes, selling for $500,000 up to $1.3 million.

There would be stringent design controls, an emphasis on sustainability and provision for community facilities, such as childcare, medical rooms, convenience stores and possibly a school.

The block of land designated for new housing is bordered by Halsey St, Daldy St, Madden St and Pakenham St, one block south of the public spaces along Jellicoe St. Two of those streets - Halsey St and Daldy St - are set to be turned into tree-lined boulevards, at a cost of $29 million.

There is also 48,000 square metres set aside for commercial property.