Aroha Apartments underway
Avondale has scored its first tower crane which could be a sign of things to come as more projects get started. The question is whether we will see multiple cranes at one time or if this is ‘peak crane’ for the area?
Krispy Kreme comes to town
Alto Apartments to undergo remedial work
Apartment owners are devastated by the projected costs of an estimated $16M to repair the 16-year-old Alto Apartment building on St Jude St, Avondale. This is not the first time the building has fallen on hard times, after the developers had financial difficulties in 2005 and called in the receivers.
The main issue is concrete components above the carparks that is only rated at 20% of new building standards. Overall, the whole building is rated at 34% of the minimum benchmark for earthquake strength. There is also recladding for leaks, improvements for fire separation between units and fire sprinkler systems required.
The owners will need to find alternative accommodation for 15 months while the work is under way. This could be the last straw for some owners, faced with up to $400,000 per unit remediation costs. Units cannot be sold without the issues being fully disclosed. Even insurance could be problematic.
Like thousands of leaky building victims before them, the only hope for owners is to try and get through this incredibly difficult period and come out the other side with a liveable and saleable home.