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Wellington City Council has issued a resource consent for the Port Nicholson Block Settlement Trust’s long-awaited redevelopment of a former defence base at Shelly Bay on the Miramar Peninsula.
The council is now opening community consultation on its plan to sell or lease one hectare of council land for the project.
The proposed development is a partnership between the council and Shelly Bay Limited, a company set up by the develop Ian Cassels’ Wellington Company and Taranaki Whanui /Port Nicholson Block Settlement Trust.
It will build 350 new properties including a 140-resident rest home, a boutique hotel with about 50 rooms, 280 apartments, 58 townhouses and 14 standalone houses.
Also envisaged are a ferry service, cafes, bars, retail, upgraded public areas including a village green, and possibly a brewery.
Deputy Mayor Paul Eagle says the project would be a true partnership with the Council working with local iwi to deliver a good outcome for Wellington.
He says upkeep of the dormant land is costing the council more than half a million dollars a year, and the proceeds of the sale as well as the expected rates income means it will be well ahead.
The project is expected to inject almost $400 million of economic benefits into the Wellington economy during the construction period.
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