Hutt City Council-owned property company Urban Plus Limited is about to celebrate the completion of its most ambitious residential development project to date.
Fairfield Waters, a medium-density development of 20 two-storey townhouses, single-storey homes and two-storey terraced housing, will be officially opened on 27 February. The event will include a ceremony for the opening of Glen Evans Crescent, recognising the work of former Lower Hutt Mayor Glen Evans who passed away in 2016. Glen Evans Crescent passes through the Fairfield Waters development.
As the final stages of the project near completion, only three homes remain available for purchase. About a third of the homes are defined as affordable and aimed at first home buyers.
Urban Plus Chief Executive Craig Walton says Fairfield Waters is a pioneer of medium-density residential development in Lower Hutt and tests the market’s appetite for relatively new types of housing.
“Fairfield Waters’ success in attracting healthy buyer interest proves to us that people’s tastes in housing are evolving. It’s an example of how high-quality, architecturally designed housing can be applied to a relatively modest area of land and still offers a very high quality of life for residents.”
Lower Hutt Mayor Ray Wallace applauds the development and says Fairfield Waters shows how thoughtful and carefully planned housing can respond effectively to the limited availability of greenfield land in Lower Hutt.
“The project is a fine example of quality medium-density housing that is as much an asset to the surrounding community, as it is to those who live at Fairfield Waters. It supports Council’s vision of rejuvenating Lower Hutt and it provides a benchmark for other developers to work towards.”
Profits from the project will fund Urban Plus’ expansion of its rental portfolio, which currently provides 151 quality, affordable housing units to low-income people over 65. A central aim of this service is to foster community among residents – a group who can sometimes experience loneliness and a lack of social interaction in their later years.
Urban Plus has two significant residential development projects in the planning stages, as well as two rental projects in the pipeline.
The opening of Fairfield Waters and Glen Evans Crescent will be held at 1pm on 27 February at Glen Evans Crescent, Fairfield. Lower Hutt Mayor Ray Wallace will officiate and members of Glen Evans’ family will attend.