A 21-storey building with retail, commercial and residential spaces will be constructed in the heart of Auckland above what will soon be the city's busiest train station.
The development will be located on a 4780m² site on the corner of Mayoral Dr and Wellesley St - previously a car park for the Auckland Council - above the City Rail Link's Aotea Station, which is currently under construction there.
The project will be delivered by Panuku Development Auckland in partnership with international developer Malaysian Resources Corporation Berhad (MRCB).
"MRCB has experience in developing integrated commercial and residential properties around transportation hubs and a good reputation for the design and quality of its developments," Auckland Mayor Phil Goff says.
"The project will replace what was once a car park with modern, well-designed and high-density housing, as well as shops and commercial spaces in the heart of our city.
"The apartments and businesses it creates will have a great location, situated above the City Rail Link Aotea Station. It makes travel convenient and it’s close to attractions such as the Art Gallery and Aotea Centre."
Concept pictures show the building will have a "striking design with terraced planting being a key feature". As well as providing access to the train station, the complex will connect with the surrounding areas with new laneways for people to meet and spend time.
"The 125-year leasehold site has been sold for $40 million following a fully contestable market process supported by an independent valuation,"Auckland Council says.
"The development will begin after the construction of the City Rail Link’s Aotea Station, which is due to be completed in 2024. Significant construction planning will ensure minimal disruption to the station and surrounding businesses."
MRCB has partnered with project management group RCP and has "assembled a multi-disciplinary team of market-leading experts with international, national and local experience", according to Auckland Council.
"The team, which includes global architecture studio Woods Bagot, will work together to successfully realise the vision of the Aotea Central development."