Between them they have 60 years of development experience but for this project each is guiding less-seasoned project partners. Mr Tremain has fellow realtor Cam Ward and Mr Wallace his son Ben Wallace, an economics graduate recently returned from New York. This will be Ben Wallace's second development with his father, who said they had three more developments lined up.
The villas are being marketed by New Zealand Sotheby's International Realty. Managing director Fraser Holland said it was a sought-after location, one street back from the Ahuriri waterfront and answering "a real need" in Ahuriri for high-quality, low-maintenance, single-level contemporary freehold homes.
"The floor plans provide easy living, two bedrooms and two living with one that doubles as accommodation overflow, as well as courtyards front and back."
Sizes range from 135sq m to 142sq m.
Napier Provedoring, which has relocated to Thames St in Pandora, sold the 4139sq m site, zoned for the residential development, earlier this year.
Mr Wallace said interest was strong. The deadline sale closes Thursday this week at noon.