$60 million Cathedral Towers gets go ahead

$60 million Cathedral Towers gets go ahead

Central Christchurch’s $60 million Cathedral Tower Apartments development has been given the go-ahead.

The Christchurch City Council has given local development company REV3 resource consent to build the double-tower block.

The 50 apartments are planned for the former Heritage Hotel tower site at 26 Cathedral Square.

The complex will sit between the Heritage and new Distinction hotels.

The complex will sit between the Heritage and new Distinction hotels.

It will be the first building project in Cathedral Square since the earthquakes.

REV3 hopes to start building in April and finish the first apartments in the second half of 2018. Director Ivan Presquito said the timing of the first stage completion would be “perfect”.

“Once it’s built, everything around us will be finished, or being built, too. And we believe our project has sparked some other things nearby.” he said.

A mezzanine floor will overlook Westpac Lane.

A mezzanine floor will overlook Westpac Lane.

Presquito and fellow directors Ivan Fernando and Vincent Ho paid about $3m for the land. They had originally hoped to start building this year.

Since announcing the project in April, the trio have had the building redesigned by Christchurch architect Jasper van der Lingen of Sheppard and Rout, who designed the award-winning Stranges building.

An extra storey has been added, bringing the respective heights of the west and east towers to 15 and 12 storeys.

Two duplex penthouses will sit at the top of the complex.

Two duplex penthouses will sit at the top of the complex.

Most of the apartments will be priced in the $330,000 to $750,000 range.

Two duplex apartments, one atop each tower, will be priced about $4m each. They will cover 500 square metres each, and include large decks with an outdoor fireplace, spa and lap pools, and windbreaks.

The eastern tower with its smaller apartments will go up first, followed by the taller western tower. Designs and sizes could be tweaked to meet market demand, the developers said.

The towers will be connected above street level, above a timber-lined archway spanning Westpac Lane which be reinstated running between the Square and Hereford St.

Van der Lingen’s design has glass facades for the upper floors. Textured concrete will front the ground and mezzanine levels. There will be a street-front cafe, a restaurant part-way up, car lifts, solar electricity panels, recycled heat systems for water and space heating, electric car charging, and base-isolated foundations.

Fernando said the project was fully financed, with funds coming from local investors. This had enabled them to bring in the architects, engineers, planners and project managers they wanted.

Pedestrian access from Hereford St to Cathedral Square will be re-established.

Pedestrian access from Hereford St to Cathedral Square will be re-established.

“We cannot skimp on the professionals. At the end of the day, we pay extra money at the start but it’s more efficient and saves at the end,” Fernando said.

REV3 has completed a townhouse complex in Worcester St and just began building the apartment complex in Stanmore Rd. It also has two other central city sites it is planning to develop.

 – Stuff

http://www.stuff.co.nz/business/85771037/60-million-cathedral-towers-gets-go-ahead

 

Trinity Terraces

Trinity Terraces

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Rev3’s Trinity Terraces development on Stanmore Road, Linwood offers a stylish way of city living.

The Terraces offer one, two and three bedroom townhouses that are close to Christchurch’s centre to transport routes, buses, supermarkets and amenities, yet are sophisticated and built to last.

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These homes appeal equally to investors and first home buyers as they offer both great value and are built with high end features commonly found in more expensive homes.

These include Whirlpool kitchen appliances, and pure stone or granite benchtops.

 

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A strong focus on using clever and proven materials means that these townhouses will have low energy usage while keeping the home warm and dry.   This is achieved through the inclusion of solar panels, LED lights and high insulation levels.

The exteriors are also built to last and will need minimal upkeep through the use of low maintenance claddings and exterior finishes.

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The new development highlights not just improved and innovative living as common place, but that we’re passionate about delivering premium housing options at an affordable price to meet the evolving needs of New Zealanders. (Trinity Terrace Press Release).

Cathedral Towers

Cathedral Towers

cathedraltowers_fullRight in the heart of Christchurch lies Cathedral Square, a gathering point for city inhabitants for more than 140 years.

The rebuilt centre is rapidly becoming the “place to be” with over 10,000 workers looking to return before the end of 2016, this is the new desirable location for professionals and business people.

Cathedral Towers have been designed with the future in mind – including innovative design options never before seen in New Zealand city spaces. These include an innovative car elevator, where owners can step out of their vehicle with their shopping and walk directly into their apartment. There will also be an electric car charging station and a premium fit-out of residences.

The Towers feature a rooftop bar and hospitality area to compliment the premium apartments with views across the city to the Port Hills and the Southern Alps.

The two buildings will be linked by airbridge and the ground floor is designed as an innovative business and retail space.

Whilst engineering reports have stated the site has no liquefaction risk, magnetic base isolation has been added to the buildings’ specifications, providing peace of mind to residents.

(Cathedral Towers Press Release)