A new development is nearing completion at 24-26 Racecourse Parade.
The Set development at 24-26 Racecourse Parade consists of three buildings – two three-level walk-ups and one five-level – together providing 72 new apartments.
The development is a great example of well-designed medium to high density housing that meets the requirements of the area and will trigger further regeneration in the neighbourhood.
The site is the former home to the Suburbs Rugby Club and was taken to the market early in June 2015 by Panuku after a period of due diligence and engagement with the local community and the Whau Local Board.
Ockham Residential was appointed as the developer partner in July 2015.
Panuku Director Allan Young says the development is a great example of supporting the demand for housing through the quality redevelopment of urban locations.
“It is already attracting strong interest from buyers due to Ockham’s reputation for quality design and built apartments in the city fringe. This demonstrates the value of Panuku working together with the local board to enable developers to deliver at pace.
“The outcome will be an increase in residents in the town centre, offering an added vibrancy and the potential to act as the perfect catalyst for further regeneration of the area.”
Construction is expected to be completed by November 2018.