Saturday, January 8, 2011

Ironbank – Auckland, NZ


Upon arrival no one was available to tour us through the project.  As most of us peeked through the windows and someone was calling the leasing agent, low and behold Vishal appears from the Indian restaurant in the project with the Indian owner and arranged for us to walk through it. If that wasn’t good enough, he also took us down to the parking area where there is a $15 million dollar automated, underground car stacking garage.  It had two bays that literally picked up the cars and took them away on a conveyor like system and stacked them underground.  Props to Metro for getting us the hook up!!  This was originally a $38 million dollar residential project that apparently didn’t fly so it is now office/retail I estimate is 30% occupied.  Apparently the owner developer is very picky about who they lease to and can apparently afford to be that picky.  Pretty cool building regardless of its first failure as residential and slow lease up as office/retail.  We patronized the restaurant afterwards for all his help.

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