The Government has signed an agreement with Marutūāhu Rōpū and Ockham Residential Limited for a 100-home development in New North Road, Mt Albert, Building and Housing Minister Dr Nick Smith says.
“This development, with an average house price of $573,000 and only 8km from Auckland’s city centre, is a welcome addition to the Government’s Crown Land Housing Programme.
This project is led by the Marutūāhu Iwi and is significant as the first development under the Housing Protocol between the Crown and Tāmaki Collective. Dr Smith and joint venture partners Marutūāhu and Ockham Residential today signed the heads of agreement on the project.
“This site was originally owned by the New Zealand Transport Agency as part of the Waterview roading development and was identified last year as a candidate for the Crown Land Housing Programme. The development opportunity was optimised by purchasing earlier this year an adjacent section which was privately owned.
“The key to more affordable housing close to Auckland city is greater density and smart design. The Special Housing Area status granted earlier this year enables 100 homes on the site, rather than 24 under the old planning rules. Ockham has proven experience in developing innovative, high-quality and affordable housing with a focus on three and four level character apartments. Marutūāhu Rōpū is an important partner and through the Tāmaki Collective helped achieve the successful housing development at Waimahia at Weymouth.