Up to 600 new apartments, townhouses and duplexes in 17 blocks, six to nine levels high, are planned in the now open areas around Wynyard Quarter but one politician has criticised the scheme as creating "ghettos for the rich".
Waterfront Auckland today released new details of the mini-suburb it has long been planning, naming financiers and investors Willis Bond & Co as the winners of an international tender process to design and build the precinct.
But Phil Twyford, Labour's housing spokesman, has raised concerns.
"The regret I have is they seem to have decided there's no place for affordable housing there. Even in the most desirable and exciting parts of the city like this, we should be building mixed communities ... and catering to mixed incomes ... We shouldn't be building ghettos for the rich. I wish they'd rethink that and put affordable housing into the mix."