From holiday park to housing
Construction is due to start on what was once a holiday park but will soon to become a $50 million housing development in Mt Maunganui.
Salt, in Girven Rd will include 52 apartments, 19 townhouses, a cafe, childcare centre and shared green spaces. It is being developed by SNG Investments Number Two, run by Paul Spillane and Peter Gillespie, who recently completed the 850 Cameron Rd complex in Tauranga.
Colliers national director of residential projects Pete Evans said 60 of the 71 dwellings had been sold off the plans. The project is being built on the former Golden Grove Holiday Park which became a special housing area last year.
SNG spokesman Paul Spillane said it was due to be finished by November next year.
‘‘It’s great to see one of the biggest construction projects in the Bay of Plenty underway.’’
Colliers Tauranga agent Grant White said the buyers had largely been owner-occupiers, many from Auckland and others from the Waikato and Bay of Plenty regions.
‘‘Most buyers intend to live in their new dwellings or use them as lock-and-leave holiday homes.’’
Height levels will be limited to three storeys for apartment build- ings and two for the townhouses. Prices will range from $440,000 for a one-bedroom apartment to $1 million for a three-bedroom townhouse.
ABOVE: Units range from onebedroom apartments to threebedroom townhouses
LEFT: Salt, a new 71-unit housing development in Mt Maunganui.