Three sites Stride is leasing have the low-rise buildings on them, shown here to the left and lower part of the image. The Red Shed is in the centre. Photo / Richard Robinson
Three sites Stride is leasing have the low-rise buildings on them, shown here to the left and lower part of the image. The Red Shed is in the centre. Photo / Richard Robinson
Listed landlord Stride Property Group will lease three North Wharf sites on Auckland’s waterfront from Auckland Council’s Urban Development Office for 125 years in a $17.5 million deal.
CEO Philip Littlewood announced plans today for a redevelopment of two of the three properties opposite ASB North Wharf with the company’sresults today.
Design and consenting is underway for a 10,500sq m to 12,500sq m premium mixed-use retail and office development, he said.
The combined area of the sites on Jellicoe St, facing the pedestrian North Wharf Promenade overlooking the sea, is 3672sq m.
New buildings for hospitality and offices may rise two to three levels high.
The Auckland Urban Development Office said Stride was the preferred development partner for the North Wharf redevelopment.
“This milestone marks the beginning of an exciting new chapter for one of Auckland’s most iconic waterfront destinations.
The green shaded areas show the three waterfront sites which Stride will lease. Photo / NZME
In 2023, the Heraldreported how the council’s property arm wanted to selling a waterfront site valued at $26.9m but a redevelopment could impact sea views from the award-winning ASB North Wharf.
In March 2023, an Eke Panuku spokeswoman said John Holmes at CBRE had been engaged to sell the 3627sq m Wynyard Quarter site on Jellicoe St via an expressions of interest campaign closing on May 4.
The three sites Stride will lease are on the waterfront. the bank's headquarters - ASB North Wharf - are behind. Photo / Richard Robinson
New developments of up to 15m or five levels could be built there, although one heritage building must remain, she said then.
Today, Littlewood said Stride had an arrangement with Ngāti Whātua Ōrākei as the cultural lead for the development.
They will provide cultural advisory expertise to ensure the project reflects and respects the unique heritage and identity of Tāmaki Makaurau, today’s announcement said.
Philip Littlewood, chief executive of Stride which is leasing the three waterfront sites.
The vision for North Wharf is a permanent waterfront destination with ground-floor retail and hospitality and commercial offices above.
It is intended that the redevelopment will activate the wharf, draw people into Wynyard Quarter, and support the council’s long-term regeneration goals.
One of the North Wharf buildings and the promenade with ASB North Wharf behind. Photo / NZME
North Wharf was originally developed between 2009–2011 by Sea+City.
New blocks must also make visual connections to the water from the public realm and activate the promenade and street edges, she said – meaning businesses like cafes and restaurants would be needed to bring people to the area.
ASB North Wharf’s typical floor plates are around 4000sq m, it has 97 car parks and was finished in May 2013. It is valued at about $230m.
Auckland Council will continue to manage the three properties it plans to sell the leasehold interest on until settlement with Stride.
Anne Gibson has been the Herald‘s property editor for 25 years, written books and covered property extensively here and overseas.
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