PHOTO: SUPPLIED Building of the planned $130 million The Paddington terraced housing development in Te Aro, central Wellington, is scheduled to start in early 2020.
A $130 million terraced housing project in central Wellington, The Paddington, has moved a step forward with the securing of a $25 million large parcel of land.
The site covers 7500 square metres on the corner of Taranaki and Jessie streets and is presently home to a car yard.
Developer Thames Pacific plans to build 152 low-rise freehold terraced houses ranging in price from $788,000 to $1.48m.
Real estate agents Colliers said 90 per cent of the terraced houses had been sold off the plans. Construction of The Paddington was scheduled to start early next year and finish in late 2021, Colliers’ agent Sam McIlroy said.
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