The Pinnacle | Proposed | 26 levels - 80 metres

[Davee]

Good morning boys - Great News!!!

:banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana:

[spotila]

:O

[Davee]

South Islands tallest building.....

The Pinnacle - a 26 storey apartment building worth $100million standing at 80m. To be built on the old Lincoln House site on Lichfield St inbetween Colombo and High Streets.

The Penthouse, worth $6million, has already been sold, as have a number of other apartments.

There is a picture on the front of the Press, looks smashing!!

:banana::banana::banana::)

[Davee]

South's tallest tower planned

By Liz McDonald - The Press | Friday, 30 November 2007

An Australian developer plans to build the South Island's tallest building -- a $100 million apartment tower in central Christchurch.


The 26-storey building will include 57 apartments priced between $900,000 and $4.3m, plus a $6m penthouse that has already been sold. The building will be called The Pinnacle.

The developer is Pinnacle Corporate Trustee Ltd, a company owned by Sydney-based developer and investor In Shik Hong. Hong has been active in the Christchurch property market for about five years, developing The Carlton, a $10m apartment complex in Carlton Mill Road opposite Hagley Park, and buying several office buildings in the city.

The new tower is planned for the Lincoln House site in Lichfield Street between Colombo and High streets, previously home to sportswear store Frontrunner and the Department of Labour.

The development already has resource consent from the Christchurch City Council.

At 80m from footpath to roof, the building will reach the permitted height limit on the site. The tallest existing building is the PricewaterhouseCoopers tower in Armagh Street at 76.3m.

The project's development manager and marketing agent, David Wallace, of CB Richard Ellis, said 12 apartments worth a total of $23m had been sold after a closed-door presentation to a group of potential buyers this month.

A public marketing campaign is about to be launched to sell the rest.

Wallace said buyers so far were New Zealanders and Australians, aged between about 35 and 60.

While other apartment developments in Christchurch have had varying degrees of sales success, Wallace was upbeat about the chance of The Pinnacle's apartments selling in a slowing property market.

"This is something you would expect to see in Sydney or Melbourne or Vancouver or New York. There's not even anything like it in Auckland.

"It will be the biggest in town -- it will dwarf every other apartment building."

Wallace said many top-end apartment buyers had lived overseas, were worth "a lot of money" and were less concerned about an apartment's price than whether it had the right style and amenities.

The tower features a concierge, high-level security, marble bathrooms, and use of a private gym and billiards room.

Operating costs alone would tax the average pocket, with rates and body corporate fees totalling up to $16,500 annually, with the penthouse owners paying $26,000.

Construction is scheduled to start in September next year and be finished by early 2011.

The city council's general manager of strategy and planning, Mike Theelen, said developments like The Pinnacle would help meet a target of 30,000 residents in the city centre by 2021.

Harcourts agent Mark O'Loughlin, who is selling The Gallery apartments next to the Christchurch Art Gallery, said that while buyers were still signing up for top-end apartments, they were taking longer to do so.

[Davee]

http://http://www.stuff.co.nz/images/687036.jpg

[Kane007]

Try this...

http://www.stuff.co.nz/images/687036.jpg

:banana::banana::):banana::banana:

[Marky Mark]

.....and at $100m should be very nice ..................I think the Best News is that it already has Resource Consent :banana::banana::banana:

[Davee]

This baby is going to tower over the Lanes projects - the views from the top will be stunning. I wonder if this will be the highrise development that will kick of more high density living and commercial development south of the square.

I'm just so happy we have another high rise to add to CHC's skyline :banana:

[Cartel]

Sweeeeeeeeeeeeeeeet!!:banana:

[sth_Auk]

Woo! congrats to ChCh. :eek:

[TonyNZ]

Yay! Go Christchurch! Thanks a million David for bringing us this jolly news, im so excited!! :banana: Could someone be kind enough to show where abouts it would be in the city? using google earth or somthing. cheers - :cheers:

[Cartel]

Yeah this has to be the best news I've heard on this site in like 2 years. Good news that it will be on the north side of Lichfield. Pretty much next door to the current bus exchange (on the high st side)^^

[Such Great Heights]

Great news Christchurch, its the second building to be on or above the current height limit, bring on 100m I say:)

[Mikec]

:banana::banana::banana:Great news, this will be great for the skyline. Amazing the council has approved what looks like external reflective glass, they have previously said no to this (they removed it at planning stage from the Unilodge):cheers:and another one:cheers:

[Milan Luka]

OMG OMG OMG OMG!!!! When I saw todays Press I nearly wet myself!

Earlier this year I was very excited when the C1 Tower was announced, "First big build in well over a decade". As happy as I was with that I thought we'd have to wait another decade before anything of a similar quality and height came along. So how excited am I right now! This is our Elliott Tower. This will look very impressive from all vantage points- should especially stand out from the Port Hills. And the views from the apartments themselves should be pretty damn good too!

Regardless of the fact its a tall build the renders look great. In my opinion it'll easily be the best looking building in these parts. (About a squillion times better than C1). A small concern that that block of Lichfield Street is a bit of a nightmare traffic wise which the council hasnt been able to fix I still think this an excellent place for it too. To be fair that bus exchange probably accounts for most of the traffic back log and that is soon to be relocated downstream. This building should go quite someway into injecting more life into the CBD. These guys will be right on top of the Lichfield Lanes district which is a really happening place.

Lets hope this is the start of more and more and more. Maybe a couple more downtown, a couple on the western fringe of Hagley Park and why not have a couple more out at New Brighton Beach. Oh yeah and then theres that Turners sight on the other side of Lichfield Lanes which is all cleared and ready to go.

I pass the C1 site almost daily and that is great to watch rising, will soon have another great new building site to start stalking!

And I'll say it again OMG OMG OMG OMG!!!!

[Mikec]

Agree too:lol:, opening The Press today was great. This building is well placed as the lanes district is ready for more development by Property Ventures including a second So Hotel and 200 apartment conversion in the old Atlas Appliances building. There will be a new central lane connecting it to Atlas Lane on Dundas street. They are also proposing to buy the current Council site and Team Hutchison Ford across the road. Property ventures have also purchased the three ajoining Lichfield street buildings across from the bus exchange and the Penny cycles building on Tuam and Colombo. Lots happening from Hendersons team. Go Pinnacle Go:banana:C1 is also coming along quite nicely too- anyone seen any action at the Novotel site yet??

[Davee]

It's like the best Christmas present!! :banana:

I nearly wet myself when I opened the Press. I get the full paper downloaded here every day at about 4:30 pm - so your morning paper in my yesterday afternoon :nuts::nuts:

I hope we have a few more of these lovely surprises.

Will we make 30 storyes or 100 metres sometime soon?? Thats the big question!

[timnz2000]

Wow did NOT expect to find this waiting for me today!! Will be such a great signature building. I don't know why anyone who can afford a $6m penthouse would want to live anywhere near the Bus Xchange, but I'm not complainin! Will be good to get some better renders

[Kiwi_Rich]

:banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana::banana:

Awesome news! Thanks Dave :cheers:

80 meters does seem a bit conservative for 26 storeys though; I would figure it would be closer to 90......?????

[Moveax]

Apartments/Hotels usually have 3m high floors, office buildings usually have 4m high floors. So 26 floors * 3m = 78m. I'm assuming the remaining 2m will be because of something like a 5m high ground floor or something like that.

[Kiwi_Rich]

I thought that it is usually a figure of about 3.4-3.5m per floor? quite often in these kind of press releases they also count below ground 'floors'

[SYDNEY]

http://www.pbase.com/enigma35/image/89708369.jpg

[flyin_higher]

Wowo, stunning!
Awesome news for Chch! :)

[Marky Mark]

http://www.pbase.com/enigma35/image/89708369.jpg:banana::banana::banana:

[Mikec]

Cheers Enigma :):):):). Can't wait for more renders,:banana::banana: hope its crowned. :nuts:

[Mikec]

Property section The Press 01-Dec

A full page advertisement for the Pinnacle has already appeared in Saturdays property section of The Press. These are poor quality images taken from the page for members not able to get a hardcopy.


http://i173.photobucket.com/albums/w54/Mikecnz/scan0001.jpg

A couple of stupid pics included, what a waste..:ohno:
http://i173.photobucket.com/albums/w54/Mikecnz/scan0002.jpg

[Mikec]

Website mostly working and worth a look, check out the virtual tours,

http://www.thepinnacle.co.nz

Jump to main for a couple of exterior angles

http://www.thepinnacle.co.nz/mainmovie.php

[flyin_higher]

^^thanks for that mikec. Looks great!

[timnz2000]

Amazing! I can't believe this one slipped under the radar so easily. I mean, cmon people, The Press knew before we did! haha. I didnt even consider this site as a possible high-rise location - don't tell anyone but it's a pretty dodgy part of the CBD. So now I'm starting to think... where else are there similar sites that have recently or are soon to be on the market??

[Davee]

Amazing! I can't believe this one slipped under the radar so easily. I mean, cmon people, The Press knew before we did! haha. I didnt even consider this site as a possible high-rise location - don't tell anyone but it's a pretty dodgy part of the CBD. So now I'm starting to think... where else are there similar sites that have recently or are soon to be on the market??

:lol::lol:like mushrooms I hope - popping up all over the place:lol::lol::lol:

[Mikec]

- don't tell anyone but it's a pretty dodgy part of the CBD. So now I'm starting to think... where else are there similar sites that have recently or are soon to be on the market??

The area is only one block back from Cashel, and bisected by High st, Lichfield can take heavy traffic well which mitigates any concern over the 130+ carparks, plus the lanes should see quite abit of activity that will transform this central city district. Many other warehouses in Lichfield could be demolished or converted. There are literally dozens of prime development sites in the south central area alone. I am pleased to see residential move east of Durham.:banana:

weather permitting, i will get an update pic of clubtower site tomorrow.

[TonyNZ]

^^ Thanks Mikec! :cheers:

[canterburywatch]

Amazing! I can't believe this one slipped under the radar so easily. I mean, cmon people, The Press knew before we did! haha. I didnt even consider this site as a possible high-rise location - don't tell anyone but it's a pretty dodgy part of the CBD. So now I'm starting to think... where else are there similar sites that have recently or are soon to be on the market??

This area is undergoing some significant gentrification. SOL Square is just the beginning. The council plan to romove the oneway system, converting it back to two way is all part of the 'big picture'! Once upon a time it was a dodgey area but watch this space... big changes ahead.

[Davee]

In the top middle of this picture...I don't know how to draw an arrow on this photo - so if someone else can - brilliant.

http://photos.harcourts.co.nz/PI/06/PI060950_2_custom.jpg

[cernoch]

Why there is so much glee in this thread?
this building is well-designed but nothing special!

[Davee]

Why there is so much glee in this thread?
this building is well-designed but nothing special!

Because we get excited about any new building going up in our city :banana: You don't want us to be all glum about it do you?

[Blah]

The renders look great. Looks like a relly nice design.

[JM2]

Awesome! Great to see the city is getting a new tallest. I miss Christchurch heaps and hope I'm back by the time this one has been constructed m))


Why there is so much glee in this thread?
this building is well-designed but nothing special!

If you really need to ask then this probably isn't the thread for you :ohno:

[Marky Mark]

Oppps Double post

[Marky Mark]

=JM2;16857379]Awesome! Great to see the city is getting a new tallest. I miss Christchurch heaps and hope I'm back by the time this one has been constructed m))
and yeah , doesn't matter where one lives in the World , even in a Fab City such as Melbourne , NZ is our True Home :cheers:

[Mikec]

Awesome! Great to see the city is getting a new tallest. I miss Christchurch heaps and hope I'm back by the time this one has been constructed m))




If you really need to ask then this probably isn't the thread for you :ohno:

Welcome JM2 :). 2008 should see construction start on several exciting CBD projects including Novotel, clubtower, Chungwah, Pinnacle and C1(which is due for completion in Aug08). You can keep up-to-date with progress pics on all these developments posted on these threads, at least until you return for a look yourself. :cheers:

[Milan Luka]

Amazing! I can't believe this one slipped under the radar so easily. I mean, cmon people, The Press knew before we did! haha. I didnt even consider this site as a possible high-rise location - don't tell anyone but it's a pretty dodgy part of the CBD. So now I'm starting to think... where else are there similar sites that have recently or are soon to be on the market??

Yeah strange that this was being SOLD and we didnt know about it! Gives me hope that in addition to all the projects we know about we should all be able to expect great projects like this coming outta the blue.

And mate that areas pretty good. I know when I first came to Chch it was a bit run down but theres no comparison now. Some parts still need some work- that block of High btwn Cashel and Lichfield always seems a bit of a drab eyesore but I think the upgrade of the mall should have positive flow on. We might have to put up with Manchester opp Bedford row looking rundown for a while yet but hey- maybe someones got plans for that too!

Good to see the Lichfield / Poplar/ High Street renewal is coming along fine.

[timnz2000]

Why there is so much glee in this thread?
this building is well-designed but nothing special!

Because it'll be the new tallest building in the city... is that not something to be excited about? How should we be reacting?

[SYDNEY]

Cheers Enigma :):):):). Can't wait for more renders,:banana::banana: hope its crowned. :nuts:

My pleasure :cheers:

[Kiwi_Rich]

It will be the biggest, the tallest, have the most stunning views, and at $100 million will have the highest completion value of any South Island building since the building splurge of 1989.

Aptly named, the 26-level, 80-metre The Pinnacle on Lichfield St, Christchurch, will offer views encompassing the Southern Alps to the Port Hills and Pegasus Bay.

The location is nearly opposite Dave Henderson's South of Lichfield retail and entertainment lanes precinct.

Non-notified resource consent has been granted by the Christchurch City Council, which is keen to encourage a surge in inner-city residents and has a target of 30,000 residents over the next couple of decades. The Pinnacle will be aiming at the upper level of this potential market.

It has been a well kept secret that David Wallace of CB Richard Ellis has been working on for a year on behalf of a Sydney developer/investor Geon Shik Hong.

Mr Wallace said the resource consent application complied with provisions of the district plan. City planners had been keen to look at the design concepts to ensure it is in keeping with the streetscape.

A briefing of potential buyers was held last week resulting in seven signed contracts. Mr Wallace said the developer already had more than $23 million worth of sales pre-commitments.

He expected marketing to move into top gear in the New Year with a view to completion in about three years if requisite pre-sales were achieved.

Prices for the strata-titled two- to four-bedroom apartments range from $900,000 though to $4 million for the penthouse, which has been sold to a Brisbane buyer.

The sizes of the units range from 140sq m to about 469sq m for the penthouse. The building and apartments are configured so that they all receive maximum natural light.

Mr Wallace said the full time security of a concierge and property manager was an attractive feature for buyers, plus drive-in car parking.

The Pinnacle's closest rival in terms of marketing is the just-completed 14-level Gallery apartments next to the art gallery at 62 Gloucester St (it requires residents to use a car lift compared with the one to four levels of drive-in parking in The Pinnacle).

Other features include a gymnasium, games rooms, balconies and marble finishes.

Investors wishing to lease out their apartments will be able to use the services of the on site manager.

The design team for The Pinnacle also worked on the near-complete Carlton Mill apartments overlooking Hagley Park, also marketed by Mr Wallace and developed by Mr Hong.

A key challenge for the marketers will be the perception of potential buyers about the location in one-way Lichfield St, some distance from leafy amenities like Hagley Park but close to the Henderson redevelopments in South of Lichfield.

A council-backed venture on the Turners & Growers site a couple of blocks away has failed gain traction but Wellington developer Ian Cassells has yet to reveal the type of product and the market he is aiming at.

[Paulsy]

He expected marketing to move into top gear in the New Year with a view to completion in about three years if requisite pre-sales were achieved.



So it isn't confirmed and is dependant on pre-sales then. It might be a pretty big ask to get the level of sales they want considering the price and the service charges. Chch doesn't really seem to be an apartment town (though maybe this will change).

[Davee]

So it isn't confirmed and is dependant on pre-sales then. It might be a pretty big ask to get the level of sales they want considering the price and the service charges. Chch doesn't really seem to be an apartment town (though maybe this will change).

Also the Turner and Growers site sounds a bit of a worry. The urban winery concept never really filled me with hope.

[Paulsy]

Also the Turner and Growers site sounds a bit of a worry. The urban winery concept never really filled me with hope.
It does an excellent impression of an urban bomb site though. :lol:

I'll wait till I see a crane going up before I get too excited about this one. QV apartments is waiting on sales too isn't it?

[SYDNEY]

The article seems very positive and I am sure that it will rise ... cross fingers & toes boys, it will be gr8 for CHC.

[Mikec]

At least pre-marketing sales have semi-secured $23 million at this early stage. Usually presales need to exceed 50% for bankers to fund the development. It is more than likely funding is out of Aus, which has less stringent requirements about pre-sales than from NZ institutions. But admittedly there is still more risk than had this development been mixed use or priced at a different market. Fingers crossed


Turners and Growers sounds like its shelved. I was speaking with planners the other day and they knew nothing more about development plans. The advertisings for the Brighton Apartment block (Marine Pd 7 stories) has been taken down. I think this project is canned too. I would really like to be wrong on both.

[Kiss the Rain]

Excellent news!!! Though I do wish they could build more office towers.

[Cartel]

I don't think we'll see any new office towers in a while. They just keep building them low and wide outside the aves, and there's heaps on the go.:ohno:

[Marky Mark]

This will be one Building Christchurch will be very Proud of :cheers:

http://img525.imageshack.us/img525/7384/75175857mk8.jpg

[metroman]

With an innercity population of 30,000 people projected, there is obviously going to be a dramatic intensification of density in the innercity. Since Christchurch isn't going to attract a great deal of office development like Wellington, is it realistic that Christchurch could one day achieve a higher skyline than Wellington, in the form of apartments? Given that Christchurch is the country's second biggest economic powerhouse after Auckland and is quickly overtaking Wellington in the population stakes, this could be what Bob is aiming at achieving. I don't mean being bigger than Wellington for the sake of it, but having a skyline and modern cbd which represents Christchurch's significance, prestige and does Christchurch the justice it deserves. It is starting to look good, given Christchurch's natural beauty and stunning backdrops of the Southern Alps, I really look forward to what the future holds.:):):)

[Milan Luka]

Exactly right. Christchurch and Canterbury are starting to overtake Wellington in a few important areas, population notwithstanding. I reckon theres plenty of room for both cities to not 'rest on their laurels' and go into competition surging forward. I quietly think, and do expect that the city of Christchurch will be a very different place in only a few years. The changes since Ive arrived have been impressive and with C1, the Pinnacle, new City Council offices, the Poplar Lanes etc its becoming very interesting.

[Davee]

This will be one Building Christchurch will be very Proud of :cheers:

http://img525.imageshack.us/img525/7384/75175857mk8.jpg

The Entrance is an interesting design. I think CHC needs more designs like this to make the centre of the city interesting. Most of our buildings are just so boxy bulk standard.................box.

[metroman]

This is an interesting design. Not that it seems likely but I just got the image of a monorail running alongside it. Light rail is the most likely scenario, for Christchurch. I was just imagining things, but it would look good.

[Davee]

This is an interesting design. Not that it seems likely but I just got the image of a monorail running alongside it. Light rail is the most likely scenario, for Christchurch. I was just imagining things, but it would look good.

I could see a nice modern tram sliiiiiiiiiiiiiiiding smoooooothly pastssssss.:banana:

[Capt P]

Exactly right. Christchurch and Canterbury are starting to overtake Wellington in a few important areas, population notwithstanding. I reckon theres plenty of room for both cities to not 'rest on their laurels' and go into competition surging forward. I quietly think, and do expect that the city of Christchurch will be a very different place in only a few years. The changes since Ive arrived have been impressive and with C1, the Pinnacle, new City Council offices, the Poplar Lanes etc its becoming very interesting.

You guys might want to believe this, but the amount of development occurring in Wgtn and the business already here will always keep it above ChCh in terms of skyline and economic importance. ChCh is more like one giant suburban area

[sensible]

You guys might want to believe this, but the amount of development occurring in Wgtn and the business already here will always keep it above ChCh in terms of skyline and economic importance. ChCh is more like one giant suburban area

low blow

i could get dirty, talk about wellingtons "international airport", its abundance of economical prospects beyond what already exists, abundance of land ripe for development, the ropes of beautiful architecture and natural wonders right on wellingtons doorstep that will surely only aid further economic development through tourism and increased migration from people seeking that lifestyle and i could also talk about how if wellington wasnt the capital of nz it would still be above chch in economic impotance etc... but i wont...

[Rooty]

Canterbury vs. Wellington Region on some key indicators:

http://www.stats.govt.nz/NR/rdonlyres/7F441A1E-CFF4-4DBC-ABC1-2ABC68FF1E5D/0/Sep07_CanterburyRegion.pdf
http://www.stats.govt.nz/NR/rdonlyres/5EE6D960-1B9F-46B1-92E2-B9A736CB5943/0/Sep07_WellingtonRegion.pdf

Interestingly, Canterbury loads almost five times the value of cargo the Wellington Region does, and also loads more cargo than it unloads, unlike Wellington.

[canterburywatch]

You guys might want to believe this, but the amount of development occurring in Wgtn and the business already here will always keep it above ChCh in terms of skyline and economic importance. ChCh is more like one giant suburban area

I think you're out of touch with whats going on in Christchurch Capt P.
Christchurch and Canterbury is surging ahead in Tourism, Recreation, Urban development, suburban development.

Unlike Wellington, Christchurch doesnt have the endless pitt of government money thrown at it to aid its infrastructure.. We will never get that because Capital Cities are always well funded by central government. But our city has worked hard and made some sound economic decisions and we are now the wealthiest city in the country. We kept our silverware, we retained our historical charm, we preserved our open park spaces, we are in the process of implementing a world class urban development strategy... all without handouts from Government!

Wellington is a Government City.. thats about it. Its kinda like the Canberra of New Zealand. It has limited tourism potential and lets face it..Wellington Airport is really just a busy domestic hub with a few daily flights to Australia. It has limited growth potential. Christchurch airport has unlimited growth potential.

Christchurch is the fastest growing metropolitan city after Auckland. In a few year our population will pass Wellington's. As a region we have an abundance of fresh food,water and other resources..something which is fast becoming a huge strategic advantage within the world (we dont mind sharing it with the rest of NZ!)

Wellington is a great city.. its downtown area rocks and I do like your stadium. You are lucky to have a wealthy prodominantly public sector workforce..(bureaucracy could be in for a trim in the future with a new government)

Christchurch is cashed up, has a great plan to grow its inner city, booming tourism and a steadily growing population.

The face of our city is changing. :banana:

[Davee]

^^Guys this stuff is really really good. But can we keep to the thread topics please. The CHC development thread is a good spot for this......:cheers::)

[flyin_higher]

Hehe..the argy bargy continues. Goes to show its now always Akld vs. the rest of NZ! ;)

[Such Great Heights]

Interesting reading and good points on either side, except:

and i could also talk about how if wellington wasnt the capital of nz it would still be above chch in economic impotance etc... but i wont...

I wouldn't agree. The amount of Bureaucrats in Wellington means it has a higher average income, much more demand for office space and more international exposure.

[Blah]

Good to see a bit of Welly v Chch rivalry for once!!

[Capt P]

I think you're out of touch with whats going on in Christchurch Capt P.
Christchurch and Canterbury is surging ahead in Tourism, Recreation, Urban development, suburban development.

Unlike Wellington, Christchurch doesnt have the endless pitt of government money thrown at it to aid its infrastructure.. We will never get that because Capital Cities are always well funded by central government. But our city has worked hard and made some sound economic decisions and we are now the wealthiest city in the country. We kept our silverware, we retained our historical charm, we preserved our open park spaces, we are in the process of implementing a world class urban development strategy... all without handouts from Government!

Wellington is a Government City.. thats about it. Its kinda like the Canberra of New Zealand. It has limited tourism potential and lets face it..Wellington Airport is really just a busy domestic hub with a few daily flights to Australia. It has limited growth potential. Christchurch airport has unlimited growth potential.

Christchurch is the fastest growing metropolitan city after Auckland. In a few year our population will pass Wellington's. As a region we have an abundance of fresh food,water and other resources..something which is fast becoming a huge strategic advantage within the world (we dont mind sharing it with the rest of NZ!)

Wellington is a great city.. its downtown area rocks and I do like your stadium. You are lucky to have a wealthy predominantly public sector workforce..(bureaucracy could be in for a trim in the future with a new government)

Christchurch is cashed up, has a great plan to grow its inner city, booming tourism and a steadily growing population.

The face of our city is changing. :banana:

All very well and good but a number of your statements are factually incorrect, anyhow. Wgtn is actually the weathiest city in the country, we have the highest average salaries, the most educated people, and this will always be the case because we are the capital.

Canberra is completely different, it was built to be a capital, Wgtn was already a thriving place with a natural harbour well before it became the Capital.You have to have a capital city somewhere and hence there is going to be central government money, thats life! - anyway it was the farmers in the south island that chose Wgtn as the Capital!

Wgtn was more of a government place in the 70's, it has changed significantly since then and there are many industries that do not rely on the government - think of the film industry. Just like ChCh the hard working people of Wgtn have paid for many of their own things eg: the Stadium (Auckland gets their update for free!!!).

Anyway lets agree to disagree, the road to prosperity is not through building places like pegasus and rolleston without any supporting transport infrastructure!

[Capt P]

Anyway I guess I better let this tread get back to being about The Pinnacle, and yes it is great to see two new tall buildings in Christchurch .

[canterburywatch]

Wgtn is actually the weathiest city in the country, we have the highest average salaries, the most educated people, and this will always be the case because we are the capital.

Anyway lets agree to disagree, the road to prosperity is not through building places like pegasus and rolleston without any supporting transport infrastructure!

True.. your bureaucrats scoop the good money.. but as a city, the Christchurch City Council has alot more money and public assets... Dividends from the cities companies such as CCHL continue to pour riches into the CCC.

Canterbury would dearly love just a fraction of the huge money central government has pumped into Wellington's public Transport infrastructure (particularly rail). We are in the process of lobbying Central Government to get our fair share of the Transit pie. Hopefully that will include rail links to Rolleston and Pegasus/Rangiora/Kaiapoi.

But as Davee and yourself pointed out.. this is the Pinnacle discussion.

The Pinnacle is just the start of a large number of new highrise apartment buildings to be announced. Resource consents filed through the CCC indicate in the coming months many more proposed apartment buildings will be revealed.

Completion of the Pinnacle will coincide with the conversion of Lichfield St back to a two way st. This will further add to the gentrification of the Lichfield St precinct. Additionally the relocation of the Bus Exchange will mean a potential retail/residential redevelopment of the current bus exchange site.

[Milan Luka]

Walked passed the Pinnacle sight today and got a little bit excited thinking of whats to come. Weve waited a while for projects like this in our city and the fact we have two 20storey plus high end apartments towers being built is a great sign. Looks like people are voting with their feet. These always going to be people who dont want to live downtown, thankfully theres still plenty who do.

[canterburywatch]

Yeah exciting times ahead for the face of the central city.. i believe the goal is 20 000 new residents within the four avenues by 2020? That's gonna have a huge impact of the vibrancy of the downtown area.

Walked past the Pinnacle site last week..Will make a significant difference to that whole area. Very cool. :banana:

[Marky Mark]

Walked passed the Pinnacle sight today and got a little bit excited thinking of whats to come. Weve waited a while for projects like this in our city and the fact we have two 20storey plus high end apartments towers being built is a great sign. Looks like people are voting with their feet. These always going to be people who dont want to live downtown, thankfully theres still plenty who do.

She does have the Potential to have a fantastic Skyline , having the only real flat CBD Landscape of any of the 3 Main Centre's :cheers:

[Davee]

Yeah exciting times ahead for the face of the central city.. i believe the goal is 20 000 new residents within the four avenues by 2020? That's gonna have a huge impact of the vibrancy of the downtown area.

Walked past the Pinnacle site last week..Will make a significant difference to that whole area. Very cool. :banana:

I believe the published number was 30,000 people for the CBD. You're so right - it will have a huge impact on the centre of the city - I only hope and pray the council are going to manage this well.

[Davee]

True.. your bureaucrats scoop the good money.. but as a city, the Christchurch City Council has alot more money and public assets... Dividends from the cities companies such as CCHL continue to pour riches into the CCC.

Canterbury would dearly love just a fraction of the huge money central government has pumped into Wellington's public Transport infrastructure (particularly rail). We are in the process of lobbying Central Government to get our fair share of the Transit pie. Hopefully that will include rail links to Rolleston and Pegasus/Rangiora/Kaiapoi.

But as Davee and yourself pointed out.. this is the Pinnacle discussion.

The Pinnacle is just the start of a large number of new highrise apartment buildings to be announced. Resource consents filed through the CCC indicate in the coming months many more proposed apartment buildings will be revealed.

Completion of the Pinnacle will coincide with the conversion of Lichfield St back to a two way st. This will further add to the gentrification of the Lichfield St precinct. Additionally the relocation of the Bus Exchange will mean a potential retail/residential redevelopment of the current bus exchange site.

This sounds amazing - are you in a position to be able to reveal any more details. It's always better if we hear it before The Press :banana::banana:

[sensible]

Interesting reading and good points on either side, except:



I wouldn't agree. The amount of Bureaucrats in Wellington means it has a higher average income, much more demand for office space and more international exposure.

errr... i was being sarcastic. What you said is basically what i was saying.

[Such Great Heights]

errr... i was being sarcastic. What you said is basically what i was saying.

Really? sorry, bit hard to pick up on

[Blah]

All very well and good but a number of your statements are factually incorrect, anyhow. Wgtn is actually the weathiest city in the country, we have the highest average salaries, the most educated people, and this will always be the case because we are the capital.

Canberra is completely different, it was built to be a capital, Wgtn was already a thriving place with a natural harbour well before it became the Capital.You have to have a capital city somewhere and hence there is going to be central government money, thats life! - anyway it was the farmers in the south island that chose Wgtn as the Capital!

Wgtn was more of a government place in the 70's, it has changed significantly since then and there are many industries that do not rely on the government - think of the film industry. Just like ChCh the hard working people of Wgtn have paid for many of their own things eg: the Stadium (Auckland gets their update for free!!!).

Anyway lets agree to disagree, the road to prosperity is not through building places like pegasus and rolleston without any supporting transport infrastructure!

I don't think Wellington is the wealthist city in the country at all! Civil servants don't create weath. They're just getting paid tax money. Tax money from other regions I might add.

[Milan Luka]

The site for the Pinnacle as it currently stands. Looking east along Lichfield Street, the tower will rise up on the north side of the street, roughly in the middle of this shot.

http://img156.imageshack.us/img156/7039/photo011908067eu6.jpg (http://imageshack.us)

[KaneD]

I don't think Wellington is the wealthist city in the country at all! Civil servants don't create weath. They're just getting paid tax money. Tax money from other regions I might add.

Before this rather off-topic discussion boils over - I think you all need to explain your definition of wealth.

If you are determining wealth as a raw "per capita income" then Wellington Central Electorate takes top spot in the country. But yes, much of that money is just the same tax dollar going round in circles.

If you looking for the city or region that "generates" economic wealth for the country as a whole (say from exports for example) then I know Christchurch ranks well up the list on generating more than its share of foreign export earnings - alas I can't find any hard evidence on any official site that Christchurch is at the top.

But of course foreign export earnings means profits which means taxes which means government workers in wellington get more money, a lot of which will be spent at Wellington based companies (anything from small cafes to large corporates such as power companies etc), thus generating more revenue for everyone in Wellington.

... and now back to the real discussion of "The Pinnacle"

[Cartel]

http://img156.imageshack.us/img156/7039/photo011908067eu6.jpg (http://imageshack.us)

It will be about where that tree is behind the bus.:cheers:

[metroman]

Is that where Munns is? Will there be any retail as part of the Pinnacle development?

[Mikec]

Is that where Munns is? Will there be any retail as part of the Pinnacle development?

The Pinnacle is planned for the Lincoln house site, there is currently a bland 70s(?)building on it of 3-4 levels.Munns not sure- dont think so. The Pinnacle will have three retail outlets on the ground floor.

[sensible]

Is that where Munns is? Will there be any retail as part of the Pinnacle development?

munns is on the other side of cathedral square... like five blocks north... which apparently is having an 8 story block built on it.

[Mikec]

Pinnacle sited at no.79 view down Litchfield
http://i173.photobucket.com/albums/w54/Mikecnz/DSC_0285.jpg

Close to Westpac
http://i173.photobucket.com/albums/w54/Mikecnz/DSC_0284.jpg

and Holiday Inn - Neighbours with GCH
http://i173.photobucket.com/albums/w54/Mikecnz/DSC_0283.jpg

Won't be missed...bring on demolition:banana:
http://i173.photobucket.com/albums/w54/Mikecnz/DSC_0282.jpg

it should look great rising from here
http://i173.photobucket.com/albums/w54/Mikecnz/DSC_0270-3.jpg

and here
http://i173.photobucket.com/albums/w54/Mikecnz/DSC_0269-3.jpg

[metroman]

Its been a while since I was there and I think Munns must have moved a few years ago. I only roughly remember where it was.

[timnz2000]

It's pretty much always been on Gloucester St b/w Colombo and Manchester, at least as far as I can remember.

[Cartel]

I'm pretty sure it's on Armagh st across the road from PWC just before New Regent?

[sensible]

yep your right cartel... this is perhaps the GREATEST single thing ever discovered on this forum... munns is on armagh... good shit

no insult intended just good ol late night bored fun

[flyin_higher]

Hehe.
Nice pics once again mikec :cheers:

[Milan Luka]

Id love to see that Westpac building blocked out on all sides by new developments. Some people hate the Telecom building overlooking the square- this is my Telecom tower.

[flyin_higher]

I think the Westpac bldg has more architectural merit than the Telecom bldg lol. Still, it isn't that pretty I guess.

[Milan Luka]

I think a thread needs to be started- most and least favourite 'modern' Christchurch buildings. A scientific survey. We've enough Chch forumers we could get a heads up on what people like. I'll get onto it when Im back, probably tomorrow night.

[Cartel]

yep your right cartel... this is perhaps the GREATEST single thing ever discovered on this forum... munns is on armagh... good shit


I thought so. Hmm I feel a 'Munns' thread coming...

[Davee]

I hope the Pinnacle will spark of some wonderful development in this corner of the city. The building will be welcome releif to that horrid 1980's style. But hey, we don't want anything pulled down unless something taller goes in it's place:banana:

[webbiee]

wow nice a good glass building lucky chch

[youngtim]

Does anyone know if this will start this year?

[Brisol]

im looking forward to this

[Canterbury Heritage]

http://www.thepinnacle.co.nz/index.php

Contact: David Wallace
Senior Director, Metropolitan Investment Properties
CB Richard Ellis - Christchurch
Pricewaterhouse Coopers Centre Level 6
119 Armagh Street
CHRISTCHURCH 8001

Phone: 374 9889
Fax: 374 9884
Mobile: 021 689 360
Email david.wallace@cbre.co.nz

The 26-storey building will include 57 apartments priced between $900,000 and $4.3m, plus a $6m penthouse that has already been sold.

Rates and body corporate fees totalling up to $16,500 annually, with the penthouse owners paying $26,000.

The developer is Pinnacle Corporate Trustee Ltd, a company owned by Sydney-based developer and investor In Shik Hong. Hong has been active in the Christchurch property market for about seven years, developing The Carlton, a $10m apartment complex in Carlton Mill Road opposite Hagley Park, and buying several office buildings in the city.

[Brisol]

updates?

[minimum chips]

Not aware of any new news. I do know though that the building that currently occupies that site is well empty and ready for demolition. Waiting, waiting, waiting.

[Marky Mark]

Shes just Gorgous :cheers:

http://www.archiform3d.com/3d-gallery/07-the-pinnacle/02-exterior-rendering.jpg

[jerseyboi]

'The Pinnacle' is a landmark london tower about to be built I thinks?

[Marky Mark]

'The Pinnacle' is a landmark london tower about to be built I thinks?:cheers:

[Davee]

I can't wait till they get started. It is really going to help push the redevelopment of the south side of the city :banana:

[Mikec]

I drove past the proposed site for Pinnacle just today, and had to do a double-take. There was a small crew drilling what looked like "test-bores" into the carpark. I hope this is a good sign (they might be doing foundation/watertable tests). However, it could just be a leaky pipe.

Development is proposed to start in August, but no idea how sales are holding up in the current climate. There has been no reporting of sales to-date that I have come across. The big plus is that they secured $25m (or a quarter of total sales) before taking the project to the market. (And the penthouse has gone, usually the last to go). The developers must want to progress this, all depends on how risk-adverse the bankers are.

This will be the jewel in the crown, hopefully we will know more soon.

Cheers
Mike

[Marky Mark]

:banana:

I drove past the proposed site for Pinnacle just today, and had to do a double-take. There was a small crew drilling what looked like "test-bores" into the carpark. I hope this is a good sign (they might be doing foundation/watertable tests). However, it could just be a leaky pipe. :banana:

Development is proposed to start in August, but no idea how sales are holding up in the current climate. There has been no reporting of sales to-date that I have come across. The big plus is that they secured $25m (or a quarter of total sales) before taking the project to the market. (And the penthouse has gone, usually the last to go). The developers must want to progress this, all depends on how risk-adverse the bankers are.

This will be the jewel in the crown, hopefully we will know more soon.

Cheers:banana:
Mike

[flyin_higher]

Yea it would be great for Chch to have this one built

[Canterbury Heritage]

About:

There was a small crew drilling what looked like "test-bores" into the car park. I hope this is a good sign (they might be doing foundation/water table tests). However, it could just be a leaky pipe.

The site of The Pinnacle was originally a swamp and was used as cattle holding yards in the 1850s. It was still a market garden as late as 1867, when a City Council report stated that “... this locality has been visited by sickness, which is attributed to the surface water about this neighbourhood.”

The first building on the site, recorded in 1877, was the cabinet making factory of Joseph Backhouse.

Canterbury Heritage (http://canterburyheritage.blogspot.com)

[flyin_higher]

^^Interesting. That would mean they will need some fairly decent foundation if there isn't good enough ground stability onsite.

[Milan Luka]

Interesting it also talked about the impending Pinacle as due to start in september, not much in that but does seem to imply there are no problems and it should go ahead... a bit belated but its so quiet here i thought i should add something contructive!!!

September start? That would be good. Maybe the are using C1s crane once that is dismantled? Do we have enough cranes to go around at the moment? Would expect the Pinnacle to rise as quickly as C1 as well. I believe sales are going well on this one.

Love their slick marketing, the flythrough of the apartments on the website is well done.

[Marky Mark]

September start? That would be good. Maybe the are using C1s crane once that is dismantled? Do we have enough cranes to go around at the moment? Would expect the Pinnacle to rise as quickly as C1 as well. I believe sales are going well on this one.

Love their slick marketing, the flythrough of the apartments on the website is well done.

I reckon this will rise a bit Slower , in a good way but , shes a bit Taller however this one is a quality Tower at double the Value of C1 at approx $100m , so I would expect the Construction Process may take a bit longer :cheers:

[jerseyboi]

The Pinnacle tower LONDON>

http://www.skyscrapernews.com/images/pics/2839TheBishopsgateTower_pic7.jpg

With a Pinnacle!

[Marky Mark]

:cheers:

[Kiwi_Rich]

^^

Construction value is about $1.5 billion NZD so could be a while before we see something like that lol! :lol:

Maybe we just need to woo some arab investors in the same way that London has?!

Hmmm what could we sell NZ to them on?!

[Cannabong BudPlant]

Wow did NOT expect to find this waiting for me today!! Will be such a great signature building. I don't know why anyone who can afford a $6m penthouse would want to live anywhere near the Bus Xchange, but I'm not complainin! Will be good to get some better renders

Ive lived in High Street and that whole area is decidedly disgusting and very polluted all day long, I think Chch dowtown sucks really, so boring and polluted

these lower floor residents will be about 20 times more likely to get cancer than someone living in New Brighton on the shore, and that is a statistical fact, bus fumes and car fumes cause cancer

if there was no pollution it would be cool, but its not that way

[Davee]

Ive lived in High Street and that whole area is decidedly disgusting and very polluted all day long, I think Chch dowtown sucks really, so boring and polluted

these lower floor residents will be about 20 times more likely to get cancer than someone living in New Brighton on the shore, and that is a statistical fact, bus fumes and car fumes cause cancer

if there was no pollution it would be cool, but its not that way

Welcome.

Where do you live now?

I think the whole move to improve the south of the square is a good thing - it has to start somewhere..................

[canterburywatch]

Ive lived in High Street and that whole area is decidedly disgusting and very polluted all day long, I think Chch dowtown sucks really, so boring and polluted

these lower floor residents will be about 20 times more likely to get cancer than someone living in New Brighton on the shore, and that is a statistical fact, bus fumes and car fumes cause cancer

if there was no pollution it would be cool, but its not that way

Pollution in Christchurch is not too bad in the grand scheme of things.. Try living in Beijing, Los Angeles, London, Paris, Cairo... I could go on and on.

Boredom has such a subjective definition too. Lets put things into perspective... Christchurch ain't New York but for a city our size its got a lot to offer.

[Cannabong BudPlant]

Welcome.

Where do you live now?

I think the whole move to improve the south of the square is a good thing - it has to start somewhere..................

I live in a very leafy, quiet and spacious part of North Linwood, which is going to be really gentrified in the next decade or two, this is the place to invest, cheap now but only 15 minutes bike ride into town

I know my comments came off a bit negative, but the facts about what bus pollution especially can do to us, are quite real

I dont see the real attraction of the city area, I mean, aside from walking to High Street clothing shops and other retail, and dining out easily, I really dont see the attraction of waking up to a walk through rush hour traffic just after breakfast

I think without air pollution measures the '30,000 downtown' plan is quite irresponsible and will raise cancer and respiratory illness rates especially for those in the first 10 floors of any high rise

I couldn't wait to leave High Street, it had a smattering of that 'cosmopolitan city feel', but not enough to actually live there enjoyably.

[sensible]

I live in a very leafy, quiet and spacious part of North Linwood, which is going to be really gentrified in the next decade or two, this is the place to invest, cheap now but only 15 minutes bike ride into town

I know my comments came off a bit negative, but the facts about what bus pollution especially can do to us, are quite real

I dont see the real attraction of the city area, I mean, aside from walking to High Street clothing shops and other retail, and dining out easily, I really dont see the attraction of waking up to a walk through rush hour traffic just after breakfast

I think without air pollution measures the '30,000 downtown' plan is quite irresponsible and will raise cancer and respiratory illness rates especially for those in the first 10 floors of any high rise

I couldn't wait to leave High Street, it had a smattering of that 'cosmopolitan city feel', but not enough to actually live there enjoyably.

yeah but isnt that the point? we need projects like this in the first place to bring people to live in the CBD and give it a more 'cosmopolitan' feel. If they dont built these things people wont come and the city centre wont get better (facilities etc) we have to start somewhere so i dont see the point in saying 'id never live in that shit hole'. Also you may not like waking up in the city but obviously people do cos they are building 26 floor towers!!!

Its nice people care about pollution but seriously your just as likely to get sick breathing in riccarton, papanui or linwood. Plus if we all keep wanting to live in leafy suburbs we'll just be contributing to the pollution problem even more by travelling longer distances to work etc.

[TonyNZ]

"the '30,000 downtown' plan is quite irresponsible and will raise cancer and respiratory illness rates especially for those in the first 10 floors of any high rise"

Where is the evidence to support this bullshit claim? If more people were living in the city I presume they would be more likely to walk as means of transport. Therefore less pollution would be produced. Look at the bigger picture! Dont be small minded like all the nimby's in this country.

[Cannabong BudPlant]

"the '30,000 downtown' plan is quite irresponsible and will raise cancer and respiratory illness rates especially for those in the first 10 floors of any high rise"

Where is the evidence to support this bullshit claim? If more people were living in the city I presume they would be more likely to walk as means of transport. Therefore less pollution would be produced. Look at the bigger picture! Dont be small minded like all the nimby's in this country.

the worlds most respected scientific magazine stated that long term studies found that people livjng within 500 metres of a major train or bus terminus were 13 times more likely to get cancer than those living in a separate environment. I have a science degree from the polytech Im not making false claims

I looked for the article for you but its not online its at the library in some magazine I read 3 years ago. It was 'New Scientist'. They also found that birds raised in an environment similar to a freeway area, were 50% less active than the control and sang and flitted 50% less than unpolluted birds.

there's no need to get tiffy about this its only for the good of the community health and living downtown makes for more hospital admissions across a large control group, and hence damages the economy

why keep 30,000 people in a virtual gas chamber just so Ballantynes doesnt go out of business? Bit stupid if you ask me Ballantynes is just selling the same old crap I dont care if it goes out of business.

what a typical aggressive response

[KaneD]

I think he was getting at the point that although there might be 30,000 people in the CBD that walk to work etc, they are breathing in all the pollution fumes of the 100,000 odd that drive through the CBD releasing all the fumes. Agreed not nice but yes, we do need to start sometime

[flyin_higher]

lol downtown Chch is not that polluted at all. Over winter, most of the smog forms over the suburbs...from all the fireplaces of the suburban homes there.

[sensible]

yeah like i said its just as bad, if not actually worse, for people living in places like hornby, linwood, riccarton etc

[Cannabong BudPlant]

I think he was getting at the point that although there might be 30,000 people in the CBD that walk to work etc, they are breathing in all the pollution fumes of the 100,000 odd that drive through the CBD releasing all the fumes. Agreed not nice but yes, we do need to start sometime

that is my point entirely

those dowtown residents will alll be living in what is equivalent to a major freeway system with houses attached to it

thats like apartments in the middle of spaghetti junction and until the buses go electric its not good for peoples health

if there was no diesel buses and trucks downtown I would be altogether different in my views. I personally think that its just unpleasant to live amongst buildings and concrete with a side of diesel fumes for breakfast and dinner

[flyin_higher]

^^Yea but it is simply not that bad in Chch. It's not Auckland, and it's got nothing like the number of vehicles going through Spag Junction that you refer to. I think you are being a tad over the top about it all.

[Milan Luka]

I live on one of downtowns very busy one way streets full of buses and trucks and i dont see the issue??? The only 'issue' I have with it is that it gets a bit noisy at times. I certainly dont have a problem with air quality- potentially Im doing damage to my sons and my own respiratory system but I'll take that chance. The benfits of being where we are far outway any negatives.

Us boys have gotta live somewhere!

That said I will agree that that particular block of Lichfield is probably one of the last blocks that I would want to live on. It reminds me of the south end of Sydneys George Street- very busy traffic making it unpleasant to walk along and quite a few odd forgettable businesses. Come back in a year or two though, Im sure it will be quite different. Relocating the Bus Exchange and making the street two way- not to mention the Pinnacle being built will make a big difference.

[Cannabong BudPlant]

personal choice is there for all so no one if forced to stay there unless thats the only flat they can get.

some of the survivors of environmental contamination have no symptoms for life, other get ill and quickly succumb so its not like being exposed to x amount of diesel fumes daily will have a common effect on all.

eveyone has their own self belief about what their body can and cannot handle so its a personal decision if you think you can handle it. I know I cant and I felt decicedly toxic for about 6 months after leaving High Street.

Statistical data does show that resident living within 500 metres of a major bus or train terminues have a 13 times higher rate of cancer, with long term exposure. This is not to say living downtown for a year or two would be unsafe, possibly it is unsafe for years

the bus exchange is moving so it doenst matter so much now. If only the buses were electric and trucks and cars too

[flyin_higher]

^^Well what you say is true about the living near a bus or rail terminus, and likely a motorway too, you can't extend that finding to encompass the entire Christchurch CBD.

[Cannabong BudPlant]

^^Well what you say is true about the living near a bus or rail terminus, and likely a motorway too, you can't extend that finding to encompass the entire Christchurch CBD.

the 4 aves are all within 500m of the bus exchange are they not???

Pinnacle is 75 metres so its darn well included! then again the bus xchange is major but perhaps not on the level of a european rail hub like Paris Nord, which is a more concentrated amount of contaminants

I wouldnt live in, say the Haralds building, if it was free, altho I do really like the frontage of the Haralds building:)

:nuts:its the through traffic thats a problem really, all those cars that go from Riccarton east through Lichfield and Gloucester and other streets lined with flats and with flats nearby:nuts:

[sensible]

[QUOTE=Cannabong BudPlant;22973110]the 4 aves are all within 500m of the bus exchange are they not???
QUOTE]

er, no....

according to your logic it would be just as unsafe to live within 500m of a number of suburban centres in christchurch... just seems its a bit of overkill. thousands of people live in far worse CBD's, for a nearby example look at sydney... more people driving, working and living in their CBD... for years... im not saying you dont have a case im just saying for CHCH its so minute its largely irrelevant for the average person who could potentially live within the four aves. Its a non starter really.

[Rooty]

eveyone has their own self belief about what their body can and cannot handle so its a personal decision if you think you can handle it. I know I cant and I felt decicedly toxic for about 6 months after leaving High Street.
:lol: You so remind me of a housebus hippy friend from the West Coast, it's almost like she's talking. I like her, so take it as a compliment.

[Davee]

Good to see the threads buzzing guys, but this is not really Pinnacle talk, should we not move it over to the transport thread or something??

[flyin_higher]

^^Indeed. Lets get back on topic :)

[Milan Luka]

Walked past the Pinnacle site yesterday and did my best to try and picture the building there. Ive got a pretty good imagination but I just couldnt see it in place. I think its because I think this project is just TOO good and i dont want to let myself get too excited yet. :)

No sign of any work yet, the current building on site is sitting there abandoned ready to be knocked down. At the very least Id love to see a demolition crew get rid of this. Even if we have an empty site for a few months, that would make me think that things WILL happen.

[canterburywatch]

I don't wanna be negetive, but im having doubts about whether this project will go ahead given the whole finance company collapse thing and the impact that is starting to have on major developments around the country. I hope i'm wrong and a new crane will grace our skyline in the coming months.

The property market in NZ has just lost its wings completely in such a short period of time. Hopefully foreign investors will flock back in to the NZ property market if our dollar continues to slide and projects like this will proceed.

[Brisol]

so is this supposed to be kicking off next month?

[sensible]

^^

I guess so, just a couple of months ago it was reported in the papers as such, so...

[Milan Luka]

so is this supposed to be kicking off next month?

I'll be keeping an eye for you. The moment that the workmen hit the site I will report it here.

[Davee]

^^^^That's our man on the spot!!

[Brisol]

i detour past it everyday i leave work late just waiting for the day its fenced off and something is happening!!

im ridiculously excited about this, anything to distract me from C1

[Marky Mark]

i detour past it everyday i leave work late just waiting for the day its fenced off and something is happening!!

im ridiculously excited about this, anything to distract me from C1

This one will put C1 to shame ......:cheers:

[youngtim]

If it ever gets done...

[Paulsy]

Sorry guys, went past today and there is a sign up saying Lincoln House to lease. Looks like this one is over for now (or ever).

[BLUFFMASTER_Auckland]

gaah that one looked half decent

[Davee]

OMG.................I feel sick.......................

[Moveax]

Hopefully it is just delayed, I know some buildings around the country have been canceled because of the bad financial situation but some others have just been delayed. It would be a shame for Christchurch if it was canceled, especially considering how disappointing Cathedral Junction is with the walls falling to pieces and the rather misleading height.

[Marky Mark]

:):cheers:

[sensible]

Christchurch really needs this, iv been resigned to a delay for some time and wasnt hopeful it would be started in september let alone 2008. The website is still up, but if they are leasing the existing office building on the site that has got to be a huge concern, would be good to know how long the lease is.

This building would/could revitalise that whole area and hopefully set a precedent. It also looks great too and as such is something this city really needs.

[Davee]

I just feel to depressed to comment at the moment..........:ohno:

By the way, you're so right Sensible........CHC so needs this type of building to help set new standards.

[Paulsy]

Building is being leased by Devonia (never heard of them). Sign says all floors available and short term okay (but doesn't say no long term). Take that for what you will.

[sensible]

could always send a query on the website????????????

[Cartel]

false expressions of interest anyone? lol

[Brisol]

yeah i did, just waiting for my reply....

tick tock

[Davee]

yeah i did, just waiting for my reply....

tick tock

GOOD BOY:banana: Keep us posted.

[Milan Luka]

Oh no its not fair make it didnt happen!!!!111!!!1!!!

So the official word is that this project has been put on hold until next year. Something about the current property market conditions not being conducive.... The developer says he's dead keen for this to go ahead without any alteration to the plans but feels this credit crunch has stymied his vision for now.

[Davee]

OK - deep breath everyone.

At least he still wants it to happen and we're looking at next year.......fingers crossed.

[Brisol]

im still waiting on a reply.....might double up the email with some boldness and CAPS LOCK for added effect!

[KaneD]

FUCK!


Close but no cigar

[StevenW]

Don't give up, guys! This kind of thing is happening all over the world now. Developers all over the world are having to "ride out" this global credit problem. I've been told the same thing by developers here in the USA. They say, "we plan on sticking with our plans, but right now we have to wait until the market picks back up." Christchurch is a beautiful city that will grow vertically, I'm sure of it. And, you'll more than likely see even bigger/taller better proposals in the next coming years. :yes:

:) :) :)

[Blah]

This is a much better design than C1. Hopefully it gets the go ahead, but it's hard to get credit at the moment.

[Brisbaner21]

Don't give up, guys! This kind of thing is happening all over the world now. Developers all over the world are having to "ride out" this global credit problem. I've been told the same thing by developers here in the USA. They say, "we plan on sticking with our plans, but right now we have to wait until the market picks back up." Christchurch is a beautiful city that will grow vertically, I'm sure of it. And, you'll more than likely see even bigger/taller better proposals in the next coming years. :yes:

:) :) :)

It sure will!