Archive | Overseas

Augusta slots new single-asset fund in ahead of tourism fund

Augusta Capital Ltd has delayed the launch of its tourism fund while it raises new capital for its industrial fund and starts a new single-asset fund.

The single-asset fund will hold a mixed-use property in Brisbane. It’s at 255-271 Gympie Rd, Kedron, and comprises 5 office, retail & childcare buildings. The property’s 6 tenancies are all occupied, giving a weighted average lease term of 7.7 years.

Augusta managing director Mark Francis said just before Christmas the new fund would acquire the property for $A21.52 million. Settlement is scheduled for 29 March. Augusta intends to raise $A15.1 million of equity, using a debt facility to fund the balance of the purchase price & establishment costs. Augusta expects to receive an offeror’s fee of about $A700,000. The offer won’t be underwritten and is expected to open in mid-February.

As a result of the timing of this offer and the timing of the Augusta Industrial Fund’s next capital-raising in February-March, Mr Francis said Augusta had determined to delay the establishment of the Augusta Tourism Fund until later in 2019. The 2 properties so far intended to go into it – 54 Cook St in Auckland & 7-19 Man St in Queenstown – will continue to be held on Augusta’s balance sheet until the tourism fund is established.

Earlier stories:
21 December 2018: Augusta Industrial Fund to add 5 properties, seek more investors
3 December 2018: Augusta buys Queenstown site for second tourism fund hotel
23 October 2018: Fund shareholders approve sale to initiate Augusta tourism fund
24 September 2018: Pod hotel the opportunity for Augusta to close value-add fund with strong return and open tourism fund

Attribution: Company release.

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Goodman & Canadian board ramp up their Chinese investment

Published 29 August 2018
Sydney-based Goodman Group and the Canada Pension Plan Investment Board (CPPIB) have lifted their investment in their Chinese logistics property partnership by 54% and given them the capacity to double the portfolio to 5 million m².

The duo committed an extra $US1.75 billion of equity to the Goodman China Logistics Partnership last week, increasing their total equity commitment to $US5 billion.

Both the new equity & total equity are on an 80:20 basis – the Canadian board adding $US1.4 billion to make its total investment $US4 billion, and Goodman adding $US350 million for a total $US1 billion.

They established the partnership in 2009, to invest in high quality logistics properties in prime locations around mainland China. The development-led strategy centred on major gateway cities, and the partnership has organically grown to a portfolio of 33 properties comprising 2.5 million m² of modern logistics space. Current occupancy is 99%.

Goodman’s Greater China chief executive, Kristoffer Harvey, said when the extra equity was announced last Thursday: “We currently have a number of acquisition opportunities in due diligence. The equity commitment increase provides us with significant firepower to capitalise on these & other opportunities. It also enables us to develop the partnership’s land bank and to grow the portfolio to more than 5 million m² in the medium term.”

Goodman Group chief executive Greg Goodman said: “With its growing middle class, significant e-commerce activity & rapid advancements in technology, China is a core growth area for our business. Our increased commitment alongside our long-term partner in CPPIB will provide sufficient equity to leverage opportunities in the market.”

The pension board’s head of real estate investments in Asia, Jimmy Phua, said: “The fundamentals of the Chinese logistics sector remain compelling, driven by domestic consumption growth in China, including e-commerce which underpins the strong demand for prime logistics facilities. CPPIB’s additional equity reflects the success of the partnership to date and an opportunity to expand our longstanding global partnership with Goodman.”

The pension board’s Asia Pacific head & senior managing director, Suyi Kim, said: “Since 2008, when we established a local Hong Kong office, Asia has been a key investment market for the board. With $C28 billion invested in China today, we are committed to further increasing our exposure over the long term. The board is well positioned as a strong investment partner in the Asia-Pacific region, given our long-term focus & our local team of experienced investment professionals.”

Goodman Group
Canada Pension Plan Investment Board
Goodman China Logistics Partnership

Attribution: Company release.

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Greenland & Golden Horse start 1400-apartment job on old Goodman industrial site

Chinese state-owned developer Greenland Group & Golden Horse Group of Hong Kong turned the first sod on Thursday for a 6.9ha 1400-apartment joint-venture project at Erskineville in Sydney’s inner-west, on a former industrial site which Goodman Group sold to Golden Horse in 2014.

Construction partner for stage 1 of the Park Sydney development is local family-owned builder Richard Crookes Constructions Pty Ltd, which has worked on several Greenland projects.

Image above: Park Sydney masterplan, highlighting amenities.

The masterplanned residential community will be developed in 5 stages and will ultimately feature 9 development blocks ranging in height from 2-8 storeys.

Park Sydney, 4km from Sydney’s cbd, will have a 7446m² public park, a supermarket & specialty shops, a fresh food precinct, eat street, medical centre & childcare centre.

Greenland Australia managing director Sherwood Luo said: “Together with Golden Horse Australia, we’ve been planning Park Sydney since 2016, so it’s particularly exciting to see major projects of this scale starting to take shape and watching how they transform the local area.

“We are converting this large former industrial precinct into an engaging & inclusive residential community that will ultimately become home to some 3000 residents.”

The value to Goodman of its exit

Golden Horse Group expanded into Australia in 2013 and bought the former industrial site in Erskineville from Goodman Group the next year. For Goodman (owner of NZX-listed Goodman Property Trust’s management company & cornerstone investor in the trust), that deal was among many as the group sold $A1.9 billion of mostly industrial assets in a year, and reinvested the lot to generate higher development returns.

Builder with long list of staff support programmes

On a different tack, the builder on this project has a lot to say about how it treats its staff – an eye-opener at a time the New Zealand construction sector has been grumbling about contract arrangements, and this government (like the last one) is talking about increasing training for & numbers in the construction industry.

Richard Crookes Constructions says on its careers page: “RCC believes the success of every project depends on the ability of their personnel and the synergy of the project teams… RCC’s business is based on maintaining long-term relationships with clients, partners & subcontractors.”

It also lists a number of staff-supporting views that I’m sure would be novelties if espoused in New Zealand:

  • We build a talent pipeline
  • We expect our staff to engage in the business and be part of its success, growth & evolution. In return we invest in their growth & development. We give people autonomy, support & the resources they need to perform at their best
  • We maintain a flat management structure with an open door policy and an honest & collaborative culture
  • Fitness passport gives individuals & families access to multiple facilities (gyms, swimming pools) which allows you to go as often as you like
  • Exercise incentives, health assessments, mindfit programme, access to trainers, $A100 annual rebate & annual flu vaccinations
  • RCC offers corporate rates with BUPA to all employees in an effort to encourage healthy lifestyles
  • Every employee receives one day off every 6 months – employees are encouraged to use the leave for engaging in health & wellbeing activities, spending time with family & friends or to relax
  • Each employee has the ability to purchase an additional 2 weeks of annual leave/year
  • Maternity & paternity leave is offered when members of the RCC family start or expand their own families
  • We would like your salary to work as hard as possible; for this reason, we offer salary packaging options such as novated leases (a lease arrangement, usually for a vehicle, where the employer takes on the obligations of the lessee to the financier, which ceases if the employee leaves the job)
  • Our staff can access a range of discounts from partnering retailers
  • RCC has a financial advisor in-house who is available to meet with staff one on one
  • We believe in & support females at RCC; one of the programme offerings is our women’s leadership lunch & learns
  • We offer an array of learning & development for our employees through coaching sessions, formal mentoring programmes, external training, role-specific technical training & leadership development programmes across all levels.

Park Sydney
Greenland Australia
Golden Horse Australia
Richard Crookes Constructions

Earlier story:
17 August 2015: Urban renewal lifts Goodman Group

Attribution: Joint venture release, Greenland, Golden Horse & Richard Crookes websites.

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Melbourne prepares to start 485ha urban renewal at Fishermans Bend

Victoria’s state government released the final version of the Fishermans Bend vision last month – a plan to revitalise 485ha sitting between the existing central business district and the port.

Image above: Fishermans Bend, between Melbourne’s cbd & port, an urban renewal site including Holden’s headquarters (outlined).

melb-fishermans-bend2It’s intended to house 80,000 residents and provide 60,000 jobs in 5 precincts beside the mouth of the Yarra River, where it flows into Port Phillip Bay.

2 precincts are in Melbourne – Lorimer and the Fishermans Bend employment precinct – and 3 are in Port Phillip City – Montague, Wirraway & Sandridge.

In 2012, the state government identified the urban renewal area as an urban renewal project of state significance and rezoned it as capital city zone. Initially the rezoned area was about 250ha but it’s now 485ha, more than doubling the central city.

Last month, a major step forward occurred when the state government bought the 37.7ha General Motors Holden headquarters & engine-manufacturing site. Holden will become an import-only company once the last Commodores roll off its Adelaide production line next year, ending 80 years of Australian production.

The GM-Holden site outlined.

The GM-Holden site outlined.

The state government has earmarked the Holden land for a design, engineering & technology district, aiming to bring together industry leaders in aerospace, defence, marine & automotive design.

The government said in a release the Holden site would be a catalyst for creating thousands of high value jobs: “This project will drive private sector investment into the Fishermans Bend employment precinct.”

Benchmarks for urban renewal

The Fishermans Bend vision sets benchmarks for inner-city urban renewal on economic prosperity, sustainability, design, smart urban management, community service provision and both active & public transport.


  • A target of 80% of transport movements to be made by public transport, walking or cycling
  • Delivery of catalyst projects, starting with an education & community precinct
  • At least one activity centre in each precinct including retail, jobs & community services
  • Primary & second schools across Fishermans Bend
  • Open space within 200m walking distance for all residents & workers
  • An integrated transport strategy including cycle paths, tram lines & an underground rail line, and
  • Diverse & affordable housing opportunities.

Fishermans Bend Vision, final version
Melbourne Age, 17 June 2015: How not to stuff up Fishermans Bend
Port Phillip City: Project history

Attribution: State government, Port Phillip City, Age.

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Lendlease becomes Barangaroo tenant and promotes multi-storey timber office construction

Lendlease Corp moved into its new headquarters in the 168-tall tower 3 of Barangaroo South’s International Towers on Friday, 11 years after being shortlisted in the design competition for the new Sydney financial district between the harbour bridge & Darling Harbour and 6½ years after winning the state government contract to develop stage 1.

2000 of the construction company’s employees are moving from 5 locations into 24,500m² on levels 8-19 of Tower 3’s 39 floors.

Work practices

Chief executive & managing director Steve McCann said the new headquarters showcased Lendlease’s capability – it’s owned by a Lendlease-managed fund, was built by the company, is in a precinct transformed by its urban regeneration business and is in a tenancy that demonstrated the group’s understanding of vibrant, productive workspaces for employees & customers.

Under the team-based working model, instead of belonging to an individual desk, employees belong to a team neighbourhood of 15-20 people, and each neighbourhood has access to a range of spaces. Spaces include a team table, the anchor point for each team; working walls for visual communication; enclosed spaces known as pods; breakaways, for less formal & ad hoc collaboration; and focus points, for tasks requiring concentration.

Levels 13 & 14 feature a 6m high breathing green wall containing over 5000 plants. Mr McCann said the active, modular green wall system was scientifically proven to accelerate the removal of air pollutants, such as carbon dioxide & volatile organic compounds. “In addition, it cools the surrounding air temperature, resulting in energy efficiency and health & wellbeing gains.”

Tower 3 is one of the largest highrise office buildings to have received a 6 star green star office design v3 rating from the Green Building Council of Australia.

As well as noting that staff will have access to over 1000 bike racks, 40% of their work stations are stand-up desks. Lendlease made some observations about work practices in its business, and said the research that informed its new workplace strategy & design revealed:

  • 41% of its people occupy a work point seat at any time
  • 36% are away, on site or working away from the office
  • 23% will be around & about, mainly in meetings or refreshing
  • 54% of their work is process-type, interruptible & routine
  • 53% of their work is done collaborating with others, and
  • 46% of their work requires deeper thinking, focus & to be ‘in the zone’.

Barangaroo South project progress

The whole of Barangaroo South adds about 270,000m² of premium office space to Sydney – similar in scale to the Marina Bay financial centre in Singapore & Canary Wharf in London. 3 towers named International Towers Sydney have been built, 2 now occupied:

Tower 1, PwC, HSBC, Marsh & McLennan, Servcorp
Tower 2, Westpac, Swiss Re, Gilbert + Tobin
Tower 3, KPMG, Lendlease

  • $A4 billion of funding secured for the whole precinct
  • Unitholders in the Towers 2 & 3 owner, Lend Lease International Towers Sydney Trust, are the Canadian Pension Plan Investment Board (50%), Australian Prime Property Fund Commercial (25%), Lend Lease Trust (15%) & APG (10%)
  • Tower 2 completed & opened 1 July 2015. Tower 3 opening mid-2016 and Tower 1 to open end 2016
  • Barangaroo Reserve (6 ha of parkland) opened by NSW Government in mid-2015.
  • 7000 office workers have moved into Tower 2 and 25 retailers are trading in the precinct; on completion there will be over 80 retail outlets
  • $A40 million public art fund ($A20 million for Barangaroo South) established, with first indigenous artwork unveiled late 2015
  • Transport for NSW’s construction of Wynyard Walk & Barangaroo Ferry hub is ongoing
  • Planning assessments in progress for concept plan amendment (modification 8) & Crown Hotel
  • Application to come for Renzo Piano-designed 1 Sydney Harbour towers.

Trust also buys 6-storey laminated timber office building

An impression of the 6-storey Barangaroo timber-structure office building.

An impression of the 6-storey Barangaroo timber-structure office building.

As its own new headquarters in Barangaroo South neared completion, Lendlease Corp announced on 24 June that the owner of 2 of the 3 office towers in the precinct, Lend Lease International Towers Sydney Trust, would also acquire an innovative 6-storey engineered timber office building.

The building, designed by Jonathan Evans & Alec Tzannes of Tzannes Associates, is aimed at setting a new benchmark in the use of sustainable building materials. It’s due for completion next year.

It will have 5 office floors above ground-floor retail, net lettable area of 6850m², and will be built at the Sussex St junction between the old central business district and the new Barangaroo.

The building will be constructed from cross-laminated timber (CLT) & glue-laminated timber (glulam). CLT has a lower carbon footprint than other building materials, the production process produces zero waste, and timbers are sourced from certified sustainably managed forests. Much of the building can be prefabricated and assembled on site.

Mr Tzannes said: “Looking from the bridges leading to Barangaroo, through the clean glass skin, the multi-storey timber structure forms the character of the architecture, that from inside creates an interior environment reminiscent of the spaces often found in Sydney’s historic timber or cast iron & brick buildings from the era when warehouse buildings were crucial to Australia’s maritime economy.”

International House Sydney is Lendlease’s third CLT building in Australia, joining 2 in Melbourne – Forté Apartments and the Library at The Dock. The library is Australia’s first 6-star green star public building and is made from engineered timber & reclaimed hardwood.

Links: Lendlease
Barangaroo South
International House Sydney

Earlier stories:
21 December 2009: Lend Lease wins Barangaroo stage 1
25 March 2006: 11ha of park in Sydney’s East Darling redevelopment
7 August 2005: East Darling Harbour design competition goes to round 2

Attribution: Company releases.

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World property M1Aug16 – Aqualand grows Sydney portfolio, Saudis buy US farmland

Chinese developer Aqualand buys 9th Sydney site & touted for $A1.5 billion Barangaroo project
Saudis buy US farmland for animal feed

Chinese developer Aqualand buys 9th Sydney site & touted for $A1.5 billion Barangaroo project

Mingtiandi reported on Friday that Aqualand Projects Pty Ltd – described as a “transplanted” Chinese developer – bought its 9th site in Sydney for $A105 million.

Managing director Lin Jin joined family company Shenglong Group (now headquartered in Shanghai) in 2007 and established Aqualand Australia in 2014 with a mix of Chinese & local executives. Its chief financial controller, Rhyson Li, began his career at PricewaterhouseCoopers and was previously chief financial controller of the China Hydroelectric Corp, an energy company listed in the US.

Lin Jin’s father, Lin Yi, founded Shenglong in Fujian in 1999 and, by 2013, had 30,000m² of projects internationally worth $US25 billion, developing highrise office buildings, high-end urban residential spaces & 5-star hotel complexes in Asia, Europe, the UK, North America & Australia. In the US, Lin Yi partnered with his cousin, Los Angeles businessman Joseph Lin, to form City Century LLC.

The new Sydney project is to convert the Samsung office building at Milsons Point into upmarket apartments. It’s across the harbour bridge from the cbd and was bought from local investor Barana Group for $A140 million.

Aqualand & local partners Grocon Pty Ltd & Westfield malls owner Scentre Group were also being touted this month to win the bidding for the $A2 billion 5.2ha Central Barangaroo project, the last piece of the $A6 billion Barangaroo redevelopment of naval & commercial shipyards between the Sydney Harbour Bridge & Darling Harbour.

Central Barangaroo will contain 150,000m² of office, retail & residential developments, plus public amenities including the Sydney Steps, a project to link residential to commercial centres.

Mingtiandi, 29 July 2016: China’s Aqualand buys 9th Sydney site for $105 million
Mingtiandi, 21 July 2016: China’s Aqualand said to win bid for Sydney’s $US1.5 billion Central Barangaroo project
Mingtiandi, 24 May 2015: Chinese developer plans $100 million La Condo Tower, buys 2 Sydney sites – on same day

Saudis buy US farmland for animal feed

CNBC reported in January on Saudi land purchases in the US south-west to grow feed for dairy herds back home – similar to Chinese purchases in New Zealand to supply milk back home, and not raising attention until the regions the Saudis have focused on became afflicted by drought.

Saudi companies grow alfalfa hay in California & Arizona for shipment home. Private company Fondomonte California bought 1790a (724ha) at Blythe, on the Colorado River in California, in January for $US32 million, 2 years after its parent, food company Almarai, bought 4000ha 80m away in Arizona for $US48 million.

Link: Saudi Arabia buying up farmland in US Southwest

Attribution: Mingtiandi

Regular leads: Europe Real Estate, Mingtiandi, Planetizen

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World property M11July16 – Chinese in project round LA station, Shanghai land price spirals, Post-Brexit bargains

Chinese giant plans 1500-home Los Angeles station project
$NZ8790/m² for suburban Shanghai residential site
Asians shop for Brexit bargains

Chinese giant plans 1500-home Los Angeles station project

Chinese state-owned developer Greenland Group, which has large projects in Melbourne & London, has also been making its presence felt in Los Angeles.

It has the $US1 billion Metropolis project underway in downtown Los Angeles and has teamed up with CBRE unit Trammell Crow to form a public-private venture with the Los Angeles County Metropolitan Transport Authority to develop nearly 6.5ha around the North Hollywood light rail station.

The consortium has won first-round approval for its proposal for up to 1500 homes & 42,000m² of office space in a total 232,000m² of development.

The transport authority is expected to vote on the proposal by the end of 2018, for work to start in 2019.

Mingtiandi, 4 July 2016: China’s Greenland Group plans 1500 new homes in North Hollywood

$NZ8790/m² for suburban Shanghai residential site

In China, the latest in a string of ever-rising land prices paid at government auctions for suburban sites in Shanghai is RMB2.44 billion ($NZ500 million) for 56,886m² ($NZ8790/m²) in the Xinchang township, Pudong.

Cofco Property Investment of Beijing paid a 235% premium over the auction minimum, equivalent to $NZ7149/m² gross floor area, $NZ7600/m² once infrastructure & the 5% reserved for affordable housing are taken into account.

Mingtiandi, 4 July 2016: Cofco Property beats out 20 rivals to pay $368 million for suburban Shanghai site

Asians shop for Brexit bargains

Immediately post-Brexit, I mentioned that speculators would take up some of the slack as the pound sterling dived. This article gives some details.

Mingtiandi, with link to Reuters story, 7 July 2016: Asian investors seen shopping for Brexit bargains

Attribution: Mingtiandi.

Regular leads: Europe Real Estate, Mingtiandi, Planetizen

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World property W20Apr16 – Goodman continues Chinese growth

Goodman opens 11ha Shanghai facility 97% leased

Sydney-based Goodman Group opened its 11ha Goodman Qingpu Centre industrial & business facility in a state-level development zone in Shanghai, the Zhangjiang Qingpu Hi-Tech Park, last Wednesday amid plentiful indications of further business.

It’s the group’s first 3-storey distribution facility in China and, by completion, it had achieved 97% occupancy with leases to 3 companies:

  • 63,130m² to e-commerce company, an existing Goodman customer in Tianjin, Kunshan & Chengdu
  • 22,602m² to Shanghai Kuichun Industry, a nationwide distributor of imported food & beverage products, and
  • 21,155m² to Japanese distributor & supply chain company Kintetsu World Express.

Goodman Group, cornerstone unitholder & manager of the NZX-listed Goodman Property Trust, manages 432 properties internationally, worth $A33.4 billion, and 41 properties worth $A7.5 billion in greater China (including Hong Kong & Taiwan).

Chief executive Greg Goodman said the group had a Chinese development work book of 17 projects totalling 800,000m²: “An increasing number of our developments are preleased, indicating the maturity of the market as more companies incorporate their future property space needs into their overall business planning. Goodman has received encouraging demand with over 60% of these projects precommitted, with a high level of inquiry on the balance of the space, from both local & international customers.”

Goodman & the Canada Pension Plan Investment Board increased their equity allocation to the Goodman China Logistics Partnership by $US1.25 billion in December to take advantage of the current operating conditions and undersupply of prime industrial space in China.

Attribution: Goodman

Regular leads: Europe Real Estate, Mingtiandi, Planetizen

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Mirage puts Rarotonga Sheraton site back on market

Mirage Group Ltd partners Simon Herbert & Greg Kernohan have put the Sheraton Hotel site on Rarotonga back on the market, after making some progress toward completing the never-finished hotel over the last 3 years.

Philip Toogood, who runs Bayleys’ office in Fiji, is running the international tender closing on Tuesday 24 May.

The Sheraton development, on the southern side of Rarotonga, was about 90% complete when work stopped in the early 1990s. Despite attempts to resume construction, the buildings have lain derelict & overgrown, and fittings plundered.

Mr Herbert & Mr Kernohan managed to get approval for the round-island road to make a detour at the hotel, passing inland to give hotel guests uninterrupted views of the water and unimpeded access to the 330m beach, which would be sheltered by 2 40m rock breakwaters.

They also secured a 60-year lease from landowner Pa Marie Ariki and, in 2014, lodged an environmental impact assessment with the Cook Islands Government seeking approval to turn the hotel site into a 5-star resort. Mr Toogood said there was potential for up to 460 rooms, villas & apartments.

An artist’s impression of Mirage’s Rarotonga Sheraton development.

An artist’s impression of Mirage’s Rarotonga Sheraton development.

Mirage Group, which built the Mirage apartment building on the Strand in Auckland, had drawn up plans for a luxury resort with over-water bures as a feature.

In Auckland, Herbert companies own the Bayswater, Hobsonville & Pine Harbour marinas, and Mr Herbert has plans to develop apartments on the Bayswater site.

Image at top: Rooms lie derelict on the abandoned Sheraton site.

Attribution: Agency release, historic documents.

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Tracking ideas Sun3Apr16 – Red Hook, city travel

Red Hook’s path to an unswampy future
Getting around the best way you can

Tracking ideas is a Bob Dey Property Report section devoted to ideas on property questions such as urban strategies & design, many from overseas but with relevance to Auckland.

Red Hook’s path to an unswampy future

This item is local as a study in how New York neighbourhood Red Hook is starting to deal with bad weather – the kind that brought Hurricane Sandy in 2012, might revisit with another hurricane or might swamp, through rising seas, what used to be a swamp.

I also throw in – in case the New Yorkers want some more constructive ideas – some of the change occurring in Auckland.

Chemical company BASF organised a case study last year on low-lying Red Hook, Creator Space New York City, but also wanted to find solutions relevant to coastal cities globally.

Hurricane Sandy put much of Red Hook under water and set back years of redevelopment. The questions arising at the BASF event included: “How can we preserve Red Hook’s unique character & quality of life while also promoting its economic growth and safeguarding it against future floods? How can measures taken in Red Hook serve as a model for other cities?”

Ideas included green corridors, a coastal park, establish “a centre for job training & human services”, rethink the district’s public housing, and inspire change with a model city block.

The most glaring omission is this: Make it a place you want to be.

This one idea, I think, is the crucial one changing Auckland (downtown so far, but it’ll spread), and one which I think many critics of Auckland Council’s role in organising change don’t understand. The visible signs are streets that are friendly to walk, an atmosphere that’s receptive to inner-city residents, shops that are intended for city residents and the business & education communities, precincts that are becoming communities.

Another question, as much for Auckland as for Red Hook, is who the “you” above is. Do you remake a neighbourhood for existing residents or reshape for new ones?

A cover photo on the BASF study prompted me to look more closely at what I thought were wharves lined with cars – ha! the South Brooklyn marine terminal, just like Auckland – and I landed on a story about the disappearance of waterfront jobs from New York’s smallest container terminal, which a century ago was the busiest freight terminal in the world, so far not displaced by anything else.

In a way, that aerial view of the Red Hook wharves offers Aucklanders an idea of what might occur here with wharf extensions – or what might be a future if reclamation was reversed.

Planetizen, 29 March 2016: Saving coastal cities from climate change
BASF: Co-creating solutions for urban neighbourhoods in coastal cities: A look at Red Hook
Jordan Fraade in Next City, 26 May 2015: There’s money hiding in New York City’s waterfronts

Getting around the best way you can

City travel is changing everywhere. On a VerdeXchange panel in California, Lyft transport policy manager Emily Castor said: “The more viable it is for people to live here without owning a car, the more likely it is that they’re going to use Lyft frequently in combination with transit & other modes. We need to look at how we can create this robust ecosystem together.”

Planetizen, 29 March 2016: Creating an urban mobility ecosystem helps public & private actors
The Planning Report, 16 March 2016, edited discussion: Public & private pros opine on how ‘choice’ impacts urban transport

Attribution: Planetizen, The Planning Report, BASF, Next City

Regular leads: Planetizen

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