Wilshire Group Ltd celebrated completion of the first homes in its 600-700-home masterplanned Richmond subdivision this morning with a ceremony onsite at 33 Panama Rd, Mt Wellington.
Wilshire is 66% owned by Vincent Wan of Hong Kong through another local company, Vincent Group Ltd. Local directors & shareholders are Huang Sishuo & Li Quan.
Wilshire bought Springpark stages 2 & 3, on a 10.5ha former quarry site in Panama Rd, from Tony Gapes in August 2014 and the balance from the original development’s receivers in April 2016, then started afresh.
Isthmus Group Ltd has done the Richmond masterplan and Brewer Davidson Ltd are the architects for stage 1. The construction contractors are KN Building Ltd (Lee Keun Hong) for the 33 homes in stage 1A and Capri Construction & Residential Services Ltd (Bryan Symes) for the 66 in stage 1B. Other designers have been appointed for later stages.
Wilshire sales manager Christie Wrightson said Richmond was a contemporary terraced home subdivision which would be developed in 7 stages. It’s expected to house about 2000 residents on completion.
Prices for stage 1 started at $680,000 for a 2-bedroom home (which have since been sold), 3-bedroom homes at $770,000, and ranging up to a 5-bedroom home at $975,000. Only 5 homes will be over $1 million.
The first of the 99 terrace homes in stage 1 are complete and the rest will be finished by the end of the year.
Miss Wrightson said: “At Richmond, we’re wanting to create housing that delivers on all fronts: location, quality, community, lifestyle & design. Homes are customisable and lend themselves to modern home styling & self-expression.”
“Most importantly, though, Richmond provides a great opportunity to live in a new masterplanned community and enjoy a superb lifestyle for below the Auckland median house price and at a time when more & more people are being priced out of the central suburbs.”
Richmond is near the Sylvia Park mall, transport hubs and parks & sportsfields at Mt Richmond.
Maungakiekie-Tamaki ward councillor Denise Lee said there was a real need for more housing developments in central areas that are well connected to the rest of Auckland: “With Auckland’s congestion challenges, it’s wise we don’t just focus on the outskirts of the city to accommodate growth. Richmond is the sort of centrally located quality living option we need and, in the process, will create vitality & an important economic stimulus within the local community.”
Consent has been granted for stage 2 and designs are well underway for further stages. A showhome & display suite will open daily on site.
9 September 2016: Wilshire launches Richmond on Gapes’ Springpark site
1 July 2016: Whillans records 2 land sales in Mt Wellington & Tamaki
24 March 2016: Wilshire takes full control of Gapes’ Springpark development
27 June 2014: Gapes secures Singapore funding to regain Springpark control
23 May 2014: Springpark receivers seek new developer after settling stage 1 land purchase
18 October 2013: Redwood’s Springpark gets consent
Attribution: Company release. Images are by Brewer Davidson.