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Pouring of the concrete ground slab capping the reinforced steel foundations was almost complete yesterday, with the first of the pre-cast concrete panels already in place at the rear of the section.
In 2004 the Dunedin City Council spent more than $6million rebuilding the Esplanade sea wall and redeveloping landscaping, while in October 2006 a local developer drove rezoning changes within the Esplanade block, allowing for 11m-tall structures, as of right.
Three years after the apartment development was first mooted, the original brick house on the site was demolished in August and construction began, by Dunedin company Naylor Love.
The two first-floor apartments, both with two bedrooms, were for sale at $799,000 and $749,000, respectively, and on the second-floor, the 162sqm, three-bedroom apartment was for sale for $1.6 million.
The building developers will retain the top storey, three-bedroom apartment. The block is expected to be finished about mid-2017.