Richmond

Mt Wellington / Residential / 10ha / $400m+ / 600 Houses / 2015 – Ongoing

Richmond

Mt Wellington / Residential / 10ha / $400m+ / 600 Houses / 2015 – Ongoing

Richmond is rich with history and was originally a series of volcanic cones which was quarried for scoria, and in recent times operated as a commercial horticultural site. In 2015 Wilshire Group purchased 6.1h of the site from Redwood, and subsequently have engaged DASL as the development manager. The remaining 4h was purchased by Wilshire in April 2016. The originally consented Redwood scheme was for 34 units per hectare, and after assessing the development model we believed the consented scheme was not financially feasible in todays market.

Using our skills and expertise we have been able to develop a new masterplan for the site, which has increased the density to approximately 85-90 units per hectare and using high quality design transformed the project into a highly desirable, and highly profitable project. The new masterplan concept came primarily out of wanting to work with the land and the levels of the site, and responded to the constraints of the site to provide a much stronger outcome. The concept includes the design of a carpark structure, terrace houses and the central park and street layout. We have engaged highly respected architectural practices for the project: Jasmax, A-studio and Isthmus. All of which have significant experience on medium density housing projects, to achieve the density targets for the project.

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