Christchurch eastern suburb New Brighton to get a vital $29 million boost…

Iain McGregor

BOOST NEEDED: Plans for a $20 million apartment and retail complex in New Brighton may be the boost the suburb needs to kickstart its revival.

Auckland developers have announced plans to build a $20 million apartment and retail complex on New Brighton’s waterfront.

The three-storey building, on the corner of Beresford St and Marine Pde, will be the first development of its kind and scale in New Brighton. Business leaders hope it will not be the last.

The building would house 49 residential units and additional ground floor retail units, Ray White New Brighton agent Maxine Jones said.

There would be a mix of studio units, and one, two and three-bedroom apartments, situated across all floors. The price for each unit would differ depending on its view, Jones said.

The studio units would start at $299,000 and apartments would range from $340,000 up to about $500,000, she said.

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