New apartments on Gilmer Terrace?

A 24 hour a day concierge service, and a doorman who knows everyone’s name.

Former Museum Art Hotel owner Chris Parkin is planning to transform a high-rise office building in Wellington into a “sophisticated” apartment block.

Source: http://www.stuff.co.nz/business/83685851/former-hotel-owner-turning-office-block-into-new-york-style-apartments

There is a dearth of apartments in central Wellington. The more that are built over the next decade the better. It is quite unfortunate that several otherwise nice buildings have a reputation as “party buildings” and are thus unsuitable for professionals seeking relatively quieter neighbours or young families.

When you walk around the Wellington CBD, particularly south of say, Dixon St, it really is amazing how low the levels of intensification are. There are many well integrated retail/residential buildings, 3-6 stories high, but so many light industrial and single storey retail buildings within the flat land of the city, that it couldn’t be clearer that one of the reasons so many people struggle to find suitable accomodation is that there really is nothing much that has been built.

When you add in the non-trivial number of young people and young couples earning decent incomes, it’s clear that there are some supply-side issues with Wellington Central accomodation.