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9 Jul 2018
Apartments: Who’s Buying Them and Why? Part 1 of 3. The Downsizer

As more people snap up apartments, we look at the reasons why.

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In New Zealand main centres, apartment living is a fast-growing trend, particularly for baby boomers. The pull towards the convenient locations and urban, cosmopolitan lifestyle that apartment living offers are taking priority over home size, contributing to some of the factors
driving the shift. The benefits are easily visible with security, shared facilities, sociability and ‘a less is more’ lifestyle.
Over the past decade, there’s been a significant rethink of cultural ideals as to what constitutes a Kiwi home. Driven by rising property prices and a changing employment landscape, the transition from house to apartment is one that’s gaining momentum.
It’s a mix of ‘downsizers’, first-home buyers, and investors that are leading the charge and inspiring other Kiwis to rethink their approach to home ownership. Here, we profile three apartment buyer types.

The Downsizer:

For many, it’s an exciting transition; a chance to start afresh and free up time and money to pursue dreams that may have otherwise been unobtainable.

No longer is the apartment lifestyle seen as the domain of young city-slickers. An increasing number of more mature buyers are capitalising on the benefits of downsizing. Empty-nesters and those looking to utilise the equity in their house are opting to sell up and move into high-quality apartments that are more tailored to their lifestyle.
For many, it’s also an acknowledgement that sometimes less is more. Whilst a large home may have catered perfectly to your needs thirty years ago, priorities change.

Some downsizers find they no longer need all the space of  a free-standing home, whilst others don’t want to be bound  to the constant upkeep of a large property. For those with
plans to travel, purchasing an apartment they can lock up and leave is ideal.
Stonefields, Auckland’s newest central-eastern suburb is a good example. The thriving master-planned community offers a mix of apartments and houses, designed to provide
residents with access to cycling and walking tracks, a range of convenience stores and healthcare services.

Shared gardens, social groups and a secure and friendly  community are some of the reasons downsizers are  choosing to buy an apartment in the sought-after suburb.
It’s also a chance to farewell those bits and pieces you’ve  accumulated over the years, most of which are no longer needed or used. Culling and simplifying or purchasing new
pieces for an apartment space can be a liberating experience.

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7 Mar 2018
Long Bay Village attracts popular Auckland eateries

Auckland foodies can look forward to visiting a new coastal dining hot spot, with the $70 million Long Bay Village development attracting some of the city’s most popular restaurants to the North Shore for the first time.

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Opening in 2019, the seaside village development has secured a quality line-up of eateries for its restaurant quarter, operated by some of Auckland’s most well-known restauranteurs.

“We’ve been waiting for an opportunity like this and we’re pretty excited about it,” said Darren Tolley, restaurant entrepreneur and the owner of Kingsland bar and restaurant Citizen Park. “When we saw what was going to be built – a beautiful new village, within a two-minute walk of a gorgeous beach – it was a no brainer for us.”

Taking inspiration from the inner city bars of New York and surf clubs in Australia, Mr Tolley and business partner Dean Lodge have plans underway for a new architecturally designed, seaside-inspired restaurant, including two bars and a stunning outdoor courtyard, with views over the wet land and regional park. They’re also planning to open an adjoining eatery in the village, specialising in quality dumplings and craft beer.

With 70 per cent of retail space now leased, the Long Bay Village will also feature two central Auckland eateries, expanding to the North Shore for the first time. They include ‘Salanzo’, a new concept from the team behind popular Mediterranean café and tapas bar Pescado, which is already well-established on Auckland’s waterfront.

The successful restaurant chain behind Mai Thai, Grasshopper and Red Crab Thai Cuisine, has also committed to Long Bay Village, with plans to open up a second branch of ‘Thai Street’, an authentic street food restaurant currently operating at Wynyard Quarter. With ice-creams likely to be in hot demand over summer, the Long Bay Village will also feature the North Shore’s first Kapiti Creamery, offering cold treats, speciality cheeses and picnic baskets.

“We’re really delighted with the calibre of food operators attracted to the Long Bay Village. It’s going to provide a fantastic dining experience, with all the vibrancy and buzz of a modern inner-city village, and right on the edge of Auckland’s most popular regional park,” said Todd Property Managing Director Evan Davies.

The 1.6ha Long Bay Village development has also secured its key anchor tenant – a full service New World supermarket. Construction of the 3200m2 building has already begun, with the largest crawler crane in the country currently on site to lift in huge pre-cast concrete panels to make up the floors and walls of what will be a beautifully designed, light-filled, full range supermarket.

“Developments like this give us the opportunity to create an extraordinary shopping experience for the community,” says Lindsay Rowles, the GM Property Foodstuffs North Island. “Not only will customers be able to purchase fresh, quality groceries in the most up to date environment, we’ll be able to offer wonderful employment opportunities to North Shore residents.”

It’s been five months since construction started on the Long Bay Village, designed by award-winning firm Architectus. When it opens in 2019, the development will feature 28 businesses, including a large medical centre and chemist, 24-hour gym and retail outlets, many with north facing views over wetlands and extensive new planting. There will also be 26 premium apartments and commercial office space overlooking the Long Bay Regional Park.

The Long Bay community was established seven years ago, and is now home to 450 households. Another 1700 standalone homes, terraces and apartments are expected to be built by 2025.

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19 Oct 2017
Long Bay Village - New $70m seaside village and $20m road for north Auckland

Developers are building a new $70 million seaside village in north Auckland – and a $20m road to connect it.

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Developer Todd Property has been building at Long Bay in north Auckland since 2010, and on Thursday, announced plans for the “heart of the community” – about 28 businesses including restaurants, supermarket and retail.

The developer was also partnering with Auckland Transport to build a road to feed into the popular Long Bay Regional Park as part of the development.

​Todd Property managing director Evan Davies said while plans for a village had always been thrown around, this was the first time they had been finalised.

“We’ve always said there would be a heart to the overall community we’re developing, but we have not previously talked about what that would look like,” Davies said.

Todd Property managing director Evan Davies, left with the general manager of land development Stephen Martin, To their right, the new Glenvar Ridge Rd will extend, to their left, will be the heart of the development, a village.

“While its primary objective is to provide that new community heart at Long Bay, given it’s a seaside village adjacent to the most popular park in the region, it will be quite a destination,” Davies said.

The building of the “$20 million plus”, roughly one-kilometre road was being funded by both Todd Property and Auckland Transport.

Once linked to a new council road, it would act as a second entrance to the regional park, alleviating the traffic queues commonly seen in the peak of summer.

“The park is an extremely popular recreational facility across the region and that level of popularity with restricted access has caused issues in the past,” Davies said.

The new road would also link to the existing Glenvar Rd and concerns had previously been raised about whether that would handle increased traffic flows.

Davies said while that fell outside the company’s development area, they would support improvements to the road and intersection with East Coast Rd.

Parts of the fill removed while constructing the road would also be used to construct a new playing field adjacent to Long Bay Primary School.

Todd’s general manager of land development Stephen Martin said there weren’t any concerns around whether the new road would be able to handle increased traffic flows over time.

“It’s been designed and built to handle the Long Bay area,” Martin said.

“And designed to handle any expansion that might happen in the future,” Davies added.

Martin expected the new road to take about 4500 vehicles per day, alleviating pressure on roads around Long Bay College and primary school. He said the cost was relatively high because the site was “geotechnically challenging”.

Davies was looking forward to the finished products.

“Overall, what we’ve taken is an unloved and unused area of existing farmland and created a major recreational destination, while housing a significant number of Aucklanders.”

In the seven years since work started at Long Bay, more than 450 homes have been built. Another 1700 are expected by 2025.

– Stuff

http://www.stuff.co.nz/business/property/97972338/70m-village-and-20m-road-announced-in-north-auckland

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4 Jun 2016
Long Bay - Celebrating number 200

Planning is complete, consents are in and the earth-moving machinery has moved on site – this is the start of the 200th home to be built in Long Bay.

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Long Bay has reached a significant milestone – the 200th house is now under construction in the new development. The 270m home, at 12 Tuangi Street, is being built by Shore Homes for Rene and Anastasia Grozdanovski, who expect to be able to move in by Christmas. Rene says he and Anastasia had clear ideas about what they wanted and had already come up with a design to present to Shore Homes on their first visit.

Their high-end, two-level home will be clad in a mix of timber weatherboards and Firth Architectural Series brick. The living areas will be positioned on the upper level to take advantage of uninterrupted views towards the southern end of Long Bay beach, Rangitoto Island and the city. A spacious entry with a double-height void and stairwell will lead the eye up towards the main living level. This area will feature kwila timber slats – a theme seen elsewhere in the home. On the upper level, the expansive open-plan living space will include an entertainer’s kitchen.

Designed by Jenny Harris of Design Front and manufactured by Fluid Interiors, the kitchen will feature a large island and scullery.

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26 Oct 2015
Vaughan's Stream Bridge Under Construction

The Vaughan's Stream Bridge is underway which will provide one of the main entries into the Long Bay Village. The bridge will provide a key connection between the new Village, due to start construction over the next 12 months and the reserves and new subdivisions to the north.

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The bridge will provide access ways for pedestrians, cyclists as well as vehicles to cross the development.

More information on the Vaughan's Stream Bridge can be found in the latest Long Bay Trends out mid-November 2015.

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