Fourteen months ago, Precinct put the job on hold but today Pritchard said the market had changed and was more than ready for the new hotel and refurbished offices. A $305m tag has been attached to the job: existing building value with the total cost of works to upgrade it. Photo / Supplied"We're really confident about the leasing market and the hotel market. We've monitored both to see how things change and we've reduced the size of the planned hotel but we still really like the idea of a hotel use within Commercial Bay," Pritchard said today. "InterContinental Auckland will stand at the foot of Queen St and enjoy unimpeded views of the Waitemata," he said.

Source: New Zealand Herald May 25, 2021 03:02 UTC