Wellington City Councillors have voted in favour of the sale and lease of land at Shelly Bay.
This removes one of the last hurdles to the project which will see a new 350-home development on the former Defence site which will also include a boutique hotel with about 50 rooms, 280 apartments, 58 townhouses and 14 standalone houses.
The project is a partnership between the Council and Shelly Bay Limited (SBL), a company set up by property developer The Wellington Company and Taranaki Whānui /Port Nicholson Block Settlement Trust (PNBST).
The Council will now press ahead with the sale of about 0.3 hectares of public land to SBL for housing; the value of this land is in the order of $2.5 million. The Council will retain 2.6 hectares of publicly accessible land which will be used for public space, waterfront promenade and road access.
A further 0.6 hectares of land and two buildings will be leased for 125-years to SBL for commercial, mixed-used development which will be generally publicly accessible; this lease is valued at about $5.5 million.
Key areas of concern raised by submitter's included traffic congestion, how the development integrated with wider Council strategies and the development of the peninsula as a whole, the costs of infrastructure, the consenting process and use of the Housing Accords and Special Housing Areas Act 2013 (HASHAA) and environmental concerns.