The Watermark | Under Construction |14 levels

[deepred]

The Watermark - Official Site (http://thewatermark.co.nz/)

Land Equity Group (http://www.landequity.co.nz/the-watermark.html) - joint developer

Renders

http://www.thewatermark.co.nz/uploads/images/renderings/photo-1.jpg

http://www.thewatermark.co.nz/uploads/images/070917_NorthScreen.jpg

http://www.thewatermark.co.nz/uploads/images/renderings/photo-8.jpg

Before the wrecking balls did their work:

http://i79.photobucket.com/albums/j132/deepred6502/Wellington%20-%20A%20City%20In%20Progress/The%20Watermark%20-%20Wakefield%20St/P1000913.jpg

http://s79.photobucket.com/albums/j132/deepred6502/Wellington%20-%20A%20City%20In%20Progress/The%20Watermark%20-%20Wakefield%20St/?action=view&current=P1020241.jpg

http://i79.photobucket.com/albums/j132/deepred6502/Wellington%20-%20A%20City%20In%20Progress/The%20Watermark%20-%20Wakefield%20St/P8040044.jpg

The end of an era:

http://i79.photobucket.com/albums/j132/deepred6502/Wellington%20-%20A%20City%20In%20Progress/The%20Watermark%20-%20Wakefield%20St/P5140015.jpg

http://i79.photobucket.com/albums/j132/deepred6502/Wellington%20-%20A%20City%20In%20Progress/The%20Watermark%20-%20Wakefield%20St/DSCF3053.jpg

http://i79.photobucket.com/albums/j132/deepred6502/Wellington%20-%20A%20City%20In%20Progress/The%20Watermark%20-%20Wakefield%20St/DSCF3057.jpg

http://i79.photobucket.com/albums/j132/deepred6502/Wellington%20-%20A%20City%20In%20Progress/The%20Watermark%20-%20Wakefield%20St/DSCF3163.jpg

http://i79.photobucket.com/albums/j132/deepred6502/Wellington%20-%20A%20City%20In%20Progress/The%20Watermark%20-%20Wakefield%20St/DSCF3298.jpg

[deepred]

Rock-star luxury for new Watermark

By NICK CHURCHOUSE - The Dominion Post | Saturday, 23 August 2008
Wellington's five-star Bolton Hotel has signed up to manage the luxury Watermark boutique hotel, touting rock-star-ready suites at more than $1000 a night.

http://www.stuff.co.nz/images/750709.jpg
PREMIUM DEVELOPMENT: Warwick Angus (Bolton Hotels) and Donald Stott (Land Equity). Bolton Hotel gets the contract to manage the new five-star Watermark Hotel.

The premium development has sold about half of the 61 hotel rooms to private investors at an average of $750,000, with the largest priced at $3.5 million.

The local partnership comes three months before construction of the $184 million 11-storey development on the old Rialto Cinema site bordered by Jervois Quay, Cable St and Taranaki St.

Developer Donald Stott said the best hotel suite, a 340-square-metre corner apartment bought by a British investor, was exactly the place the Rolling Stones and such high-profile visitors would seek.

With an average room about 62 square metres and priced at more than $350 a night, the larger suites would go for well over $1000 a night and could be combined to provide secure accommodation separate from the rest of the hotel.

Under the 46 premium Watermark apartments, the boutique hotel was planned to be the third official five-star hotel in the capital, next to the Bolton and the Intercontinental, Bolton Hotel managing director Warwick Angus said.

The opportunity to manage the Watermark gave the Bolton management group a 203-room presence in the Wellington accommodation market.

"They will be the best quality in town by a country mile."

The focus was on building the Watermark brand rather than being part of an established hotel chain, and the Bolton had a ready-made database of five-star clientele, he said.

The Bolton would manage the hotel, which suite owners would be able to use at a preferential rate while earning an income from the hotel room rates as well.

Mr Angus said the hotel amenities would be first-class, including permanent concierge service, in-house restaurant and room service run by renowned chef Rex Morgan, 25-metre swimming pool, a gym and a pet-friendly policy.

Mr Stott said though there were still 17 apartments, including two costing more than $6 million, and about 30 hotel suites available, they were in no hurry to sell them.

[Marky Mark]

Just look at the Foyer ......Classy ......ewwwh and those Laminated Timber Beams .......don't see those in OZ , well I haven't :nuts:

http://www.landequity.co.nz/uploads/images/developments/watermark-pano-2.jpg

[flyin_higher]

Mmm, yea I love the look of natural wood like that. Very nice.

[SYDNEY]

Like only Wellington can .... yum-yum and very chi-chi (the look is very 70's retro and very "now")

[deepred]

Building to start on waterfront complex (http://www.stuff.co.nz/dominionpost/4722179a23882.html)

The Dominion Post | Friday, 10 October 2008

Construction work will begin within weeks on a $184 million Wellington hotel and apartment complex.

Bank funding of $125 million is available for The Watermark complex, on a site bordered by Jervois Quay, Cable St and Taranaki St.

Developer Donald Stott, of Land Equity Group, said the present economic uncertainty had not affected the project. Sixty-two per cent of apartments were presold, with $53 million of sales coming since March.

The hotel will have 61 suites, with an average purchase price of $750,000, which would be let for more than $1000 a night. It would be managed by Wellington's five-star Bolton Hotel.

The fully managed suites have a guaranteed return of 6 per cent for the first three years.

The hotel will be underneath 46 premium Watermark apartments, including a 750-square-metre penthouse that sold in 2006 for $12 million.

Construction is on track to start in November once secondary funding has been secured and more presales of hotel suites have been confirmed. The hotel is due to open in late 2010.

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