The failed Marsden City development that promised more than 2200 homes, new businesses and industry - but left ratepayers with a $5.4 million headache - is back on the market after the 83 hectare site didn't sell by tender.
Developer Oliver Scott was behind Marsden City through his companies North Holdings Development Ltd, NH Infrastructure Ltd and North Holdings Investment Ltd. Mr Scott had said the development would have a mixed-use town centre comprising about 765,000sq m of land, commercial and industrial buildings and residential units.
Stage one of the development was to include 22,000sq m of retail space and 20,000sq m of other commercial activity, 250 residential house lots, 150 apartments above retail and a variety of industrial uses. There was to be up to 2200 residential units. However, the three companies were placed into receivership on May 21, but receivers BDO Auckland would not say how much was owed by the firms. Mr Scott could not be contacted for comment.
The site was for sale by tender, with tenders closing on August 27, but real estate company Bayleys has confirmed the property did not sell by tender and was now up for sale by negotiation.
The 83ha block of land is made up of 88 titles - with resource consent granted to subdivide an additional 45 residential sections. A sealed roading network throughout the land has been completed, with preliminary infrastructure services laid for telecommunications, and waste water connections.
