Ohu Development is working with the Lyttelton community to create a building on the Collett's Corner site that will be collectively owned by the community it supports.
We have listened to the community's ideas for the project, and we would like to thank you those of you who took the time and gave thought to what we could create on this site. From the many ideas we received, we have identified the following uses to study further:
- Retiree housing
- Boutique cinema
- Roman baths
- Business/Community hub for co-working
- Car park with a fleet of shared electric cars
- Hybrid apathotel/backpacker for short to long term stay
The uses were chosen based on their potential to generate environmental, social and financial returns. Our next step is to develop feasibility studies with the aim to design a building that we as a community can invest in collectively. The building will be one or a combination of the above uses.
Mixed use development at 3-11 London St, co-created and co-owned by a community of investors.
We are interested in developing a building that serves a community. As we study the various options , we will be taking into consideration how the potential project can serve to strengthen a community in some way. The preferred option will be one that offers a financial return as well as serves a strong social purpose. We will share the options studies as we develop them.
Stages of Development
- Listening Phase: Jul - Aug 2017
Ask the community to share their ideas for the site
- Ideation Phase: Sep - Nov 2017
Develop the project's purpose and social impact
Assess potential options for the project through feasibility studies
Share outcomes and seek input to choose the preferred option
- Scoping Phase: Jan - Mar 2018
Build the project team
Create financial and legal structures aligned to the project's purpose
Seek the first round of funding from initial investors
- Plan & Design Phase: Apr 2018 - Feb 2019
Develop a business plan aligned to the project's purpose
Develop the design and share it with the community for feedback
- Construction Phase: Mar - Nov 2019
Build community by building buildings including working bees to develop trade experience
- Opening: Dec 2019
Let's celebrate together!
- Land $630,000
- ~$4-5mil construction depending on what is built
Potential Financial Returns
- Sale of property
- Lease of units
- Income from businesses
Stakeholders and team
- Project lead - Jules Lee
- Core project team - Supported by the Ohu Development Team
- Lyttelton neighbourhoods
- Future tenants
- Community of interest
STAY INFORMED OR LEAVE FEEDBACK
Ohu Development is working with the Lyttelton community to create a building on the Collett’s Corner site that will be collectively owned by the community it supports.