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One of Auckland's oldest watering holes, Devonport's Masonic Tavern, is likely to be converted into a multi-million-dollar apartment complex with stunning waterfront views.
Owner Peter Thwaites said the pub, which opened in the 1850s, would not be demolished because it is protected by a Historic Places Trust classification.
Architects, planners and conservation experts are discussing options for the 2000-plus square metre site. The land includes several other old buildings which would be part of the development.
Thwaites said the tavern had been struggling to stay afloat for years. He blamed changing drinking habits, the opening of other licensed premises in the area and multi-million-dollar homes on almost every boundary.
Thwaites thought the news would be welcomed by neighbours worried about noise. "I think its time as a hotel and restaurant is coming to an end. It's just one of those things."
Thwaites would not reveal any more details about the proposed apartments but said the building's heritage was important to his family.
The Devonport Community Board had been involved in early discussions.
Chairman Mike Cohen said turning the hotel into apartments had been talked about for years.
Of all the suburb's cafes and restaurants, the building had the "best interaction" with the harbour.
He said it would be sad to lose the town's oldest commercial building.
"I will be disappointed. We will be losing something from a vibrancy point of view," said Cohen.
But he was confident the architects and planners would ensure the building's heritage appeal was not lost entirely.
