Image above: Artist’s impression of The Peninsula at Orakei Bay Village.

Equinox wins consent for Peninsula at Orakei Bay Village

Equinox Group Ltd has obtained resource consent for its luxury residential development beside the Orakei railway station, in the Orakei Bay Village at the foot of Remuera – 12 years after getting involved in the original project as financier, and a year after transforming the small peninsula with a village retail precinct.

The new feature, The Peninsula, will have 32 apartments & penthouses priced from $2.7-13 million, looking back to the city across Hobson Bay.

Image above: Artist’s impression of The Peninsula at Orakei Bay Village.

They’ll be built at the most northerly point of the village, which has bars, eateries, boutique shopping & service stores and is anchored by Farro Fresh & Kings Plant Barn.

The design is for apartments of 150-660m², including covered lanais & balconies. Colliers will market the project and construction is intended to start next year.

The whole site at 228-246 Orakei Rd is partly freehold, partly leasehold, and the early intention over a decade ago was to build over the railway tracks, incorporating council-owned carparking land.

Equinox Group director Kerry Knight said yesterday the plans have been scaled back to remove the complexities of the previous requirement for development over the train tracks & a land swap with the council: “We are now only building on our freehold land, and The Peninsula is the premier waterfront location for residents in Orakei Bay Village.”

The original development proposal was by Tony Gapes’ Redwood Group Ltd. After he failed to get the project through all the council hoops, and the complications of leasehold interests, Equinox took charge of the project, but put it on hold in 2015 after further issues with Auckland Council & Auckland Transport made funding impossible.

The site for the Peninsula, right on the water’s edge, is where King’s Plant Barn was previously located.

Earlier stories:
14 March 2014: Orakei Point plan change over last hurdle
1 April 2011: Gapes’ Orakei Pt plan change approved
11 June 2010: Tramco throws Orakei Pt development scheme into disarray
9 June 2010: Orakei Point development far from fait accompli
17 January 2010: Council notifies Orakei Point plan change, but commercial agreement missing
9 October 2009: Orakei Point gets council-sponsored plan change
7 October 2009: Council pushes ahead with Orakei Pt plan as locals reiterate congestion concerns
16 September 2009: Latest Orakei masterplan gets a better reception
29 April 2009: Orakei criticism muted this time
15 July 2008: Braying at a developer’s consultant no way to demonstrate council leadership
11 July 2008: Mayor launches blistering attack on Redwood at presentation to councillors as Gapes holidays in Fiji
17 June 2008: Gapes unveils Orakei Pt masterplan
18 March 2008: Redwood’s Orakei consent declined week after master plan agreement reached
10 March 2008: Mayor gets agreement to intervene in Orakei consent process
7 February 2007: Community board supports residents’ group opposing development, wants comprehensive plan done for Orakei Rd
10 December 2006: Now it’s Tony Gapes’ turn to propose Jacobsens site development

Attribution: Company & agency release.

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