3 minutes to read
The project will add more floors to the building. Photo / provided
The pandemic outbreak and Alert Level 4 have not hampered a developer’s plans to convert an Epsom office building into 43 apartments under a $ 35 million program.
Andrew Lamont of Lamont & Co said the project
at 303 Manukau Rd, near Epsom’s historic old post office, there were plans to turn a 1970s office building into residential units.
Covid made little difference in its business plan, he said.
“We are not disturbed by this closure. It is proven that there is a good underlying demand and that we still have full employment and that interest rates will remain low,” Lamont speculated.
Plans to open a performance hall at the site could be delayed slightly, however, he said.
“We will come back to it as soon as we can,” said Lamont.
His company paid $ 9.5 million for the land and buildings and Kalmar Construction was the preferred contractor, Lamont said.
Jasmax had designed the project, named Symphony303 “because we saw it as a building composition. If you look at the word, it means harmony and we think it will be a harmonious place for people to live.”
Lamont & Co converted another office building into apartments: Grafton’s ex-Winstone House near the Symonds St / Khyber Pass Rd intersection.
SKHY is now finished busy, “and we are planning a third after Symphony303. Converting offices to apartments works if the site is correct. We think this is a great way to add something beneficial to the city.”
Tim Lamont – Andrew’s twin brother – said that at Epsom having a ground floor with 44 existing parking lots was a plus.
“We will strip the original building of its concrete frame in order to retain the existing character elements, including the generous height of the ceiling. It will then be enlarged and two more levels will be added to create a five-story building – four levels of apartments above a ground floor dedicated to parking lots, bicycle racks and storage units ”, a he declared.
The site is 1,682 m² and the one, two and three bedroom apartments will range from 43 m² to 111 m².
Prices will start at $ 650,000 and go up to $ 2.27 million. The property is in the double grammar zone, which the Lamonts said was one of the reasons they bought it.
Lamont & Co also developed Fabric in Onehunga, which won an award from the NZ Institute of Architects.
Colliers has identified more than 11,000 apartments in Auckland planned by 2023.
This will bring enough new residences to house the entire population of Queenstown in our largest city if all plans come to fruition.
Chris Dibble, Collier’s national director of partnerships, research and communications, said 11,256 new residential units were either under construction, in commercialization or in planning and feasibility in the city.
A total of 197 new multi-billion dollar projects are up or expected to be completed by 2023, he said.
So the amount of new construction planned for Auckland in those three years is tantamount to creating enough new places to house the entire population of southern Mecca.
Dibble said the ongoing work eclipsed previous levels of apartment building.
This year, 4,927 new Auckland units are expected to be completed, followed by 4,398 units in 2022 and 1,931 units by 2023, he said.
- Scott Lipkin, DPM, appointed Vice President and Director of Research for Baptist Health South Florida
- Stream Realty Partners extends its activities to occupants; Launches a program management service offering
- How to get the rest of your business to embrace open innovation
- Maruti Suzuki sales drop 46% in September due to chip shortage