Two years after buying the Cranmer Courts site a team of New Zealand & Chinese business men lead by former Christchurch mayor Sir Bob Parker have unveiled their plans for a $75m luxury apartment complex.
• Homes will be ranging from $965,000 to $3.75 million.
• The development will include 39 apartments and 7 penthouses opposite Cranmer Square on the Montreal-Kilmore corner. The apartments will have two or three bedrooms with a balcony, the penthouses will be twice the size of an average house. All apartments will have underground parking.
• Sir Bob Parker expected potential buyers would include retiring professionals and farmers wanting to downsize and to be in the central city.
• Developers NewUrban Group bought the land from the Majestic Church in 2015 after the council turned down its plans.
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