A new $300 million 800-unit Albany project, promoted as New Zealand's largest residential apartment development, has just been announced.
Martin Cooper of Harcourts said the Albany Rose Garden Apartment project was the country's biggest scheme of its kind and a launch event is being planned for tomorrow.
Economic Development Minister Steven Joyce was scheduled to attend, Cooper said.
Chinese developers plan to build the huge scheme, with shops and offices, on bare land at 25 Don Mckinnon Dr.
Prices for one bedroom apartments will start from $399,000 and initial images have been released showing a series of towers.