Apart­ment liv­ing comes to Porirua

Kapi-Mana News - - FRONT PAGE - VIR­GINIA FAL­LON

Porirua will get its very first in­ner-city apart­ments be­fore the end of the year.

About 43 apart­ments will be built in the for­mer NZ Post build­ing in Porirua’s CBD and will be ready for ten­ants in Oc­to­ber, project man­ager Tony Seagel said.

The Welling­ton Com­pany has signed a deal with Porirua City Coun­cil to lease the build­ing for two years for $100,000 while it un­der­takes seis­mic strength­en­ing and con­verts the build­ing into a res­i­den­tial liv­ing area.

It will then buy the build­ing for $300,000.

Seagel said he did not know what the apart­ments would be rented for, but re­search sug­gested Welling­ton com­muters, Whi­tireia stu­dents, busi­ness trav­ellers and week­end trav­ellers were the type of ten­ant the apart­ments would at­tract.

‘‘Al­most ev­ery week­end Welling­ton city runs out of ho­tel ac­com­mo­da­tion, which is where we step in.’’

Plans for the com­plex in­volve one and two bed­room apart­ments on the top three floors of the prop­erty with com­mer­cial busi­nesses on the ground floor.

‘‘It will prob­a­bly have a hotel­type en­trance and restau­rant,’’ Seagel said.

‘‘We’ve al­ready had a num­ber of com­mer­cial busi­nesses show in­ter­est.

‘‘It will def­i­nitely bring life to the area.’’

Some park­ing would be pro­vided but Porirua’s CBD was al­ready over-supplied with park- ing, Seagel said. Porirua mayor Mike Tana said res­i­den­tial liv­ing in the city cen­tre could only be good for eco­nomic devel­op­ment.

Un­der the lease con­di­tions, The Welling­ton Com­pany is re­quired to com­plete the re­de­vel­op­ment by Novem­ber 2018, fail­ure to do so will see the build­ing re­turned to coun­cil, Tana said.

The apart­ments are the sec­ond Porirua res­i­den­tial devel­op­ment by The Welling­ton Com­pany, which will con­struct up to 18 twobed­room re­lo­cat­able apart­ments on coun­cil-owned land on Sta­tion Rd this year.

The lease will run for 10 years, with the op­tion of a fur­ther 10-year term.

The Welling­ton Com­pany owner Ian Cas­sels said he was ex­cited by the project.

‘‘We see real op­por­tu­nity in the Porirua city cen­tre, and are ex­cited to play our part and in­vest in its rein­ven­tion as a place where peo­ple live,’’ he said.

VIR­GINIA FAL­LON/FAIR­FAX NZ

The for­mer NZ Post build­ing in Porirua is to be con­verted into the city’s first in­ner-city res­i­den­tial apart­ments.

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