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

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.

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

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

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

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.

--------

does anyone know what's happening? Has construction even started?

Nothing much happening AKAIK. The finance was being provided by HBOS (Halifax Bank of Scotland) who are in the sh*t (and no longer providing finance for the Watermark).

Looks like something is about to happen.
Waterfront project scaled back
By HANK SCHOUTEN - The Dominion Post
Last updated 10:42 04/08/2009

BREAKING NEWS: The troubled Watermark apartment and hotel development on Wellington's waterfront has been scaled back.

The project value has been cut from $187 million to $100m and the number of hotel rooms and apartments proposed for the old markets site has been reduced.

Developer Donald Stott said people who paid deposits for the apartments would be refunded their money this week.
continued (http://www.stuff.co.nz/dominion-post/news/wellington/2718150/Waterfront-project-scaled-back)

Very disappointing to hear the project has been scaled back. design doesnt look very inspirational.

Oh well.

Wellington needs an international firstclass indoor arena!

[QUOTE=darkhorse09;40744948]Very disappointing to hear the project has been scaled back. design doesnt look very inspirational.
/QUOTE]


Looks like the slope has been axed, from the Dom today, but I am not sure that would remove $87 million in cost, I suspect that there has been a "down grading" of the level of opulance and an increase in the number of units.

http://farm4.static.flickr.com/3130/3786569413_0969dd181c.jpg

Original renders

http://farm4.static.flickr.com/3455/3786569409_27ec5c68c9_m.jpg

http://farm4.static.flickr.com/3589/3786569401_69ee0188c0.jpg

It's a shame they have taken the sloping part away from the design but atleast it hasn't been cancelled. In my home town they have cancelled & put on hold a lot of projects due to current financial situation.

I believe we can safely change the title to "Construction Stalled" or something to that effect. The building site has been vacant for months now.

it's currently being used as a car park...

my favourite is when developers knock over classic/iconic buildings then fail to do anything with them because of their own financial shoddiness ... a-la new zealand forest and bird on taranaki st.

beware auckland queens wharf developers... beware.

I believe we can safely change the title to "Construction Stalled" or something to that effect. The building site has been vacant for months now.

I think we can safely change the title to failed. Visited the offices/showroom for a uni project back in May. Showroom looked like they had given up on selling anything.

Definitely cancelled... still, it's a good sign Willis Bond are picking this up, given their track record with Chews Lane.

Sale deal close for old Rialto and markets site (http://www.stuff.co.nz/dominion-post/news/wellington/4332047/Sale-deal-close-for-old-Rialto-and-markets-site/)

Definitely cancelled... still, it's a good sign Willis Bond are picking this up, given their track record with Chews Lane.

A bonus is they have found commercial tenants for the John Chambers building,so it will not remain vacant.
I am going to presume that the strengthening will be done to allow some form of tower ( sloping or otherwise) on the Taranaki st end of the the existing building in the future .
http://www.stuff.co.nz/business/4563566/Cramped-Infratil-shifting-to-former-Rialto-site
(http://www.stuff.co.nz/business/4563566/Cramped-Infratil-shifting-to-former-Rialto-site)

Well according to a full page ad in this morning's Dom Post it appears that Willis Bond are dragging this project out of "development hell"- with a public launch for new "investors/owners" early in 2012.

basically they are relaunching the scaled back version without the "sloped incline" with the footprint just being the old market building..

Here's the re-branded development...

Market Lane Apartments (http://marketlaneapartments.co.nz/)

Seems to be a nod to the late lamented Wakefield Market.

Construction set for new luxury apartments (http://www.stuff.co.nz/dominion-post/business/commercial-property/7527392/Construction-set-for-new-luxury-apartments)

Construction of Wellington's latest luxury apartment complex will start in January after 28 apartments worth more than $45 million were sold off the plans.

Sales so far for the One Market Lane development include two of the five penthouse apartments, which sold for over $3m, and a number of the cheapest apartments which went for $650,000.

Online auction website Trade Me will be leasing the block's three office floors.

The 11-storey building will be on a vacant site behind the Xero building on the corner of Cable and Taranaki streets and Jervois Quay. Completion is scheduled for the end of 2014.

The block will include ground floor shops, two levels of carparks, three office floors and 43 apartments.

Fifteen apartments ranging in price from $650,000 to $2.45m have not yet been sold.

Fantastic news, I wouldn't mind a penthouse :colgate:

Taken this morning (8 Mar 13)

Kind of hard to see what's going on. Not sure what's the best angle for taking site photos. Looks like they are starting to add above ground pieces.

https://lh5.googleusercontent.com/-1Q2pOYIclQU/UTkGnRtARzI/AAAAAAAAA8A/NNb3KAbjc8Y/s1245/CameraZOOM-20130308092052305.jpg

Thank you .....keep up the good work ! :cheers:

Thanks. Next on the list is the Oversea Passenger Terminal and the Ghuznee New World

Any requests?

Got a couple more angles today. Looks like they are finishing the rebar and concrete work for the foundation. Will check back in a week or 2 to see how they're doing

https://lh6.googleusercontent.com/-Jj9lvVxz-xQ/UTrAueNt8hI/AAAAAAAABFs/wW27BQ0X9Ds/s902/CameraZOOM-20130309161155463.jpg

https://lh3.googleusercontent.com/-jfxw6M1SRs4/UTrA4VHeFvI/AAAAAAAABF0/Ezl9e_Z88KY/s902/CameraZOOM-20130309161248985.jpg

Looks like the crane is getting put up this morning. Might see some real action soon

https://lh6.googleusercontent.com/-VFtxIXtVbhw/UVIG8R8fNqI/AAAAAAAABUA/Aa2wyHiOcCk/s977/CameraZOOM-20130327091923465.jpg

https://lh5.googleusercontent.com/-SqPv6flgJF4/UVIHOZ30iFI/AAAAAAAABUk/3iY2E91ZR2A/s1303/CameraZOOM-20130327092025030.jpg

Great stuff. What are the timelines on this?

Great stuff. What are the timelines on this?

end of 2014 (http://www.stuff.co.nz/dominion-post/business/commercial-property/7527392/Construction-set-for-new-luxury-apartments)

Crane is up. Look at all of them

https://lh4.googleusercontent.com/-_OGb_7MXLIY/UVPxF9IoncI/AAAAAAAABbA/uh26rDgYJZU/s902/CameraZOOM-20130328090910537.jpg

They really are crammed into a small work site there aren't they?

Exciting ...Cranes over Welly ! :cheers:

Some recent updates from earlier this week,

Update as at 30/4/13

http://img.photobucket.com/albums/v45/Flyin_higher/IMG_4361.jpg (http://smg.photobucket.com/user/Flyin_higher/media/IMG_4361.jpg.html)

http://img.photobucket.com/albums/v45/Flyin_higher/IMG_1546.jpg (http://smg.photobucket.com/user/Flyin_higher/media/IMG_1546.jpg.html)

And a reminder of what this project will look like >>>


http://www.onemarketlane.co.nz/assets/HeadingImages/Parking-and-Facilities-1.jpg

http://www.onemarketlane.co.nz/assets/HeadingImages/design-approach-low-as-possible.jpg

http://www.onemarketlane.co.nz/assets/HeadingImages/BS0006Structural-Design2.jpg

Doesnt look like much progress has been made :(

Doesnt look like much progress has been made :(

It's mostly below ground level still. They have started forming the concrete floor, but there's not much to see

Ah, fair enough then :)

The first rebars are finally springing up:

http://i79.photobucket.com/albums/j132/deepred6502/Wellington%20-%20A%20City%20In%20Progress/The%20Watermark%20-%20Wakefield%20St/IMG_20130505_135118_zps3f2fc759.jpg (http://s79.photobucket.com/user/deepred6502/media/Wellington%20-%20A%20City%20In%20Progress/The%20Watermark%20-%20Wakefield%20St/IMG_20130505_135118_zps3f2fc759.jpg.html)