An older-style Housing New Zealand enclave at Takapuna, where 11 mostly separate stand-alone residences are set in big gardens, is about to be demolished to make way for a $50 million 70-apartment scheme, selling from $700,000 per unit.
Multi-level blocks will be built, with 54 units to be sold to private owners and 16 rented to state tenants.
The large state-owned site spans the intersection of Lake Pupuke Drive and Killarney St, two blocks off main thoroughfare Anzac Ave near Lake Pupuke. Its existing low-density houses are on traditionally large sites, like much of the neighbourhood, and many date back to around the middle of last century.
Housing NZ has a rapid redevelopment programme under way for the many hectares of valuable Auckland land it owns, intensifying its sites. It is partly funding that rebuilding scheme by selling plots to private developers, who will build some state and some privately-owned dwellings, all within the same scheme.