This decision gives effect to the Council’s longstanding intention to redevelop these sites in partnership with a private developer.
The selection of Precinct Properties confirms the decision to demolish MOB, as this was the basis of its proposal. Once CAB is demolished by the end of 2024 and MOB by the end of 2025, development of a new building can proceed on the two empty sites.
The new five-star green building will activate Te Ngākau by enabling a range of around-the-clock activity including retail, hospitality, co-working, and office space, alongside civic and cultural spaces. It will also provide the front-of-house functions for the Town Hall and any national music centre requirements, while adding to the green space in Te Ngākau.
Mayor Tory Whanau and elected members are being briefed this afternoon on the decision to move forward to negotiation with Precinct Properties.
Mayor Whanau says while the proposed development deal remains subject to extensive negotiations, she is excited about the progress and proposal.
“Today’s news is a huge step forward in our collective work to restore the civic heart of our city.
“As Mayor, I am committed to creating a vibrant city centre that serves our wonderfully diverse communities. The more work we do to revamp our currently under-utilised spaces and attract people and businesses back, the safer and more enjoyable it will be to use.”
Precinct is a highly-regarded NZX listed company that has received acclaim for large-scale projects like Wynyard Quarter and Commercial Bay in Auckland. In keeping with the Council’s Te Ngākau framework, this project will have a strong sustainability focus and will incorporate Te Ao Māori and the perspectives of the Council’s Tākai Here partners.
“The decision to select a private developer means the developer funds and undertakes the redevelopment. This means the City Council avoids the cost and risk of redeveloping the site which we know can be challenging from our experiences with the Town Hall, while still ensuring that key requirements for the site are met,” Mayor Whanau says.