The Nix, a new building in Gray Lynn. Photo / Dean Purcell
Auckland apartment developer Ockham Residential has opened its 14th apartment block in Auckland, sold to an investment firm as permanent rentals from $590/week to $825/week.
Like some other Ockham blocks, the 32 unit Nix has no
Ockham co-founder Mark Todd joined Resident Properties director Greg Reidy to open the New York-inspired six-storey industrial-style red brick at 6 Nixon St opposite Giltrap’s premises on Great North Rd, one block from Karangahape Rd.
“It’s okay not to have a parking lot,” Reidy said.
None were needed as it was so close to the CBD, the new City Rail Link and major bus routes, he said.
“We had trouble renting parking lots at The Ed,” he said of the $65/week charge for each space. “There is a real change. Out of 12 one-bedroom apartments, only three [renters] occupied the parking lots.”
The resident, part-owned by commercial builder Haydn & Rollett, bought The Nix as the second rental block after The Ed, 34 Edwin St, Mt Eden.
Resident aims to soon have three blocks of rental apartments worth about $210 million. In the third movement, he plans a new building near the CBD built by Reidy & Co and Haydn & Rollett.
Inside The Nix, a top-floor level six resident lounge has been created with kitchen, dining room, living room and L-shaped terrace, facing north.
On the same floor is a 53 m² penthouse with one bedroom and a 50 m² L-shaped terrace for $825/week. Adjacent is a 45m² unit where the double bedroom is behind glass walls.
Todd got emotional when he thanked everyone involved in big projects like The Nix: “It’s a big deal to buy a half-finished building,” he said, referring to the purchase of Resident.
“I’m proud to hand the building over to Resident Properties. When I think of the people who work at Ockham, I’m so proud of what we do. It was a shitty little block and it shouldn’t have been, just one block from K Rd,” Todd told more than 60 guests at the opening Friday morning.
“This building changes the narrative. We are reimagining and reshaping our town. This building has made this area more human and residential and strengthens investment in CRL and Ponsonby Rd,” Todd said.
He then discussed the other seven new developments Ockham has underway or planned, with hundreds of new apartments.
Five of the seven are under construction.
The seven are:
• The Greenhouse, 101 units, Ponsonby, due for completion later next year;
• 155 The Feynman, Gray Lynn homes, due for completion in early 2025;
• 201 Maanaki units, Onehunga, which should be completed next year;
• 39-unit Aalto, Morningside, expected to be completed by 2024;
• 117 Aroha homes, Avondale, to be completed next year;
• 14 Koa Flats, Meadowbank units, completed early next year and sold;
• 32 Star Newton units, sold out.
The 14 completed Ockham buildings are:
1. The Ockham building, 25 apartments, Kingsland;
2. Wilkinson House (see below)
3. The Wamaka Buildings, Wilkinson Rd, Ellerslie, 18 apartments;
4. The Isaac, 75 apartments, Gray Lynn;
5. The Turing, 27 apartments, Gray Lynn;
6. Station R, 37 apartments, Mt Eden;
7. Hypatia, 61 apartments, Newmarket;
8. Daisy, 33 apartments, Mt Eden;
9. Bernoulli Gardens, 120 apartments, Hobsonville;
10. Set Buildings, 72 apartments, Avondale;
11. Tuatahi, 119 apartments, Mont Albert;
12. Modal, 32 apartments, Mont Albert;
13. Kōkihi, 95 apartments, Waterview;
14. The Nix, 32 apartments, Gray Lynn.
Ockham is also working with Marutūāhu Partnership, developing 541 new affordable units in four blocks, worth over $300 million and numerous KiwiBuild properties.
Last winter, the partnership opened the 95-unit Kōkihi off Waterview’s Great North Rd.
Housing Minister Megan Woods said Kōkihi was delivered ahead of schedule and an example of how to do a great development.
“Exemplary developments” of the completed partnership were the already open Tuatahi at Mt Albert and now Kōkihi, “instantly recognizable with their brick facades and patterns and the next two will be equally impressive”, she said of the ‘Aroha under construction at 1817 Great North Rd, Avondale and Manaaki at 9 Jordan Ave, Onehunga.
“We’ve taken seven houses and created 95 new apartments. There are 95 new apartments on land where seven houses once stood and 10km from the CBD, on bike paths, bus routes,” Woods said, pointing out Auckland’s new land uses with intensive use. housing models.
- Square One building that launched Sandy Springs’ era of mixed-use apartments is sold
- Richmond investor buys Forest Hill apartment complex for $ 2 million
- New Downers Grove Apartment Building Approved for Oak Trace Senior Living Community
- Watch Now: Decatur Building Fire Called Suspect | Public security