Consisting of 350 new rental apartments, this is the first of a planned portfolio of Build-to-Rent developments by the McConnell Property and Cedar Pacific Consortium
On 18 September this year, resource consent was granted to McConnell Property for the Takapuna project. The next step is to advance design so the first building consents can be lodged in late 2024.
Working in partnership with Eke Panuku, we will deliver a world-class Build-to-Rent project with Greenstar 5 and Homestar 6 sustainability ratings, says McConnell Property Project Director Tony McKee.
“Our design consultants, Eke Panuku, Cedar Pacific and McConnell Property are delighted to share the plans for the new Build-to-Rent apartment project in Takapuna.
“This exciting new Build-to-Rent apartment project responds to its beachside location, attracting and fostering a community of active residents. When completed it will provide a level of amenity presently unrivalled for rental accommodation in Auckland and stimulate additional economic activity in the Takapuna town centre.”
Build-to-rent provides secure, long-term rental accommodation with shared amenities that focused a community environment. The accommodation is owned by investors and will be professionally managed. This style of living will appeal to a wide range of people, from first-time renters to those looking for an alternative to retirement village living.
It will be the first of its kind on Auckland’s North Shore.
North Shore Councillor Chris Darby welcomes the project.
“Building 350 new apartments enables a big lift in the number of people who call Takapuna centre their home, complementing the thousands who already call it their workplace or a great place to visit,” he says.
“This quality development is another step in making Takapuna even more vital and attractive.”
It is also supported by fellow North Shore Councillor and Chair of Auckland Council’s Planning, Environment and Parks Committee, Richard Hills.
“The design, retail, and hospitality components will bring positive outcomes for locals and visitors as well,” Hills says.
“It is great to see the private sector come on board to provide housing and many new retail and hospitality options popping up after a tough few years through the pandemic.”
Eke Panuku Priority Location Director – North, Kate Cumberpatch, says this agreement will deliver on the agency’s regeneration plans to provide more housing supply and choice and stimulate further growth and investment in this lake and seaside neighbourhood.
“As well as creating new public space that reinforces the heart of Takapuna and improves connections with the beach and other key public spaces, Eke Panuku looks to make better use of under-utilised council-owned land to deliver not just development, but a multitude of outcomes that contribute positively to Takapuna’s evolving landscape.
“We are delighted to have agreed on the sale and development of the vacant site on Auburn Street at the corner of Huron and Northcraft Streets with Cedar Pacific and McConnell Property consortium for the first of their Auckland build-to-rent developments.
“Build-to-rent is a simple, effective way of helping alleviate our housing shortage. It offers choice and availability and delivers quality rental choices for Aucklanders. This development will significantly increase the number of living options in Takapuna, allowing more people to live near the Takapuna town centre.”
Given the development site’s location and size, Eke Panuku worked alongside the Bayleys Corporate Projects team to identify the Cedar Pacific and McConnell Property consortium as the visionary development partner to unlock this site’s true potential.
Devonport-Takapuna Local Board Chair Toni van Tonder is delighted to see continued progress in the urban regeneration of Takapuna.
“Takapuna is rapidly changing, and the local board is working at pace with council’s development arm Eke Panuku to prepare the public realm for what will be a huge influx of future residents.
Not only will this exciting new Homestar 6 build-to-rent proposal create 350 new homes in our metropolitan centre making the most of this under-utilised site, but it will also add to the commercial vibrancy of our famous beach-side suburb.”
