Anne GibsonProperty Editor·NZ Herald·27 Aug, 2026 05:00 PM3 mins to readHerald property editor Anne Gibson says the approved Downtown Carpark development will complete the links from Britomart through to Wynyard Quarter. Video / Ryan Bridge TODAYIn further evidence of the residential market downturn, Precinct Properties has deferred a $500 million hotel/apartment for Auckland’s downtown waterfront area.The business will build only the taller of two new towers at 55 levels initially.It will indefinitely delay construction of the second 45-level tower until market conditions improve.
Precinct Properties delays second tower at Auckland Downtown Carpark site on sluggish residential property market
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