Failed sub­di­v­sion comes back to life


Plans for the failed Spring­park sub­di­vi­sion site in Mt Welling­ton have sprung back to life un­der its new owner, the Wil­shire Group.

A new sub­di­vi­sion called Rich­mond will cre­ate 600 to 700 homes over the next three to five years.

Wil­shire bought the 10ha site on which Spring­park was planned af­ter the for­mer own­ers, Panama Road De­vel­op­ments, went into re­ceiver­ship for the sec­ond time in De­cem­ber last year.

Spring­park was meant to be an af­ford­able hous­ing de­vel­op­ment, ul­ti­mately de­liv­er­ing 424 homes.

Its con­sents went back to Oc­to­ber 2013, but by mid-last year, no homes had been built and the de­vel­oper sold the sec­ond and third stages of the pro­ject to Wil­shire.

Panama col­lapsed a few months later, cit­ing cost over-runs on con­sents and ground work.

Some 142 peo­ple who had been wait­ing for their houses for up to three years, were of­fered back a col­lec­tive $7.3 mil­lion in de­posits plus in­ter­est.

Sec­ond and third stage buyers, who had had their con­tract can­celled, were of­fered an op­tion by Wil­shire to buy into the new de­vel- A new­sub­di­vi­sion in Mt Welling­ton Will cre­ate 600 to 700 newhomes Ex­pected to take five years

op­ment at a higher price.

Christie Wright­son, Wil­shire’s sales man­ager, said she knew of a cou­ple of buyers who had done so, but the rest of the 97 homes in the first stage were hit­ting the mar­ket on Mon­day this week.

She said the houses would pri­mar­ily be ter­raced, rang­ing from $680,000 for a two-bed­room to $955,000 for a five-bed­room home.

Wright­son said that while they had largely stuck to the Spring­park plans for the first stage, mas­ter plan­ning of the later stages was still un­der way.

‘‘We have looked at how we can change the designs and max­imise the live­abil­ity of the homes.

‘‘We’re fo­cussed on cre­at­ing a com­mu­nity through the use of our designs and mas­ter­plan­ning, our land­scap­ing and the style of the homes.’’

The first res­i­dents were ex­pected to move in next Fe­bru­ary, with the rest of the first stage fin­ished a year later.

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