• A planned $30 million, six-storey apartment complex set to be Nelson’s “biggest and most expensive” has been withdrawn from the market because of low pre-sales.

The Saltwater Creek apartments, overlooking Anzac and Rutherford parks, won approval as a Special Housing Area (SHA) in Haven Rd, and construction was set to start in April.

But the lack of presales has forced developer Bernard Downey to pull the pin on initial designs.

Downey said last year that unless 70 per cent of apartments were sold before April, construction would be pushed back.

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* Saltwater Creek takes to buyers market

An artist’s impression of the Saltwater Creek apartment development which has been pulled from the market.

READ MORE VIA THE NELSON MAIL