Ohu is working with the Lyttelton community to create a building on the Collett's Corner site that will be collectively owned by the community. If you are an interested investor please sign up here.
Ohu is pioneering a new way of doing property development by working with groups of people to create collectively owned buildings. Collett’s Corner will launch an equity crowdfunding campaign in February 2019, opening up the opportunity for people to own a share in Collett’s Corner.
The purpose is to attract people to Lyttelton by building a place people enjoy spending time with friends, both old and new. Collett’s Corner is a 2,300m2 mixed-use building in the heart of Lyttelton. The development includes guest accommodation, collaborative workspaces, cinemas, bar, restaurant and hot baths. The design of the building will facilitate connection between people, both local and visitors, through its considered curation and layout. The purpose is to foster creating places where we connect with one another in meaningful ways.
Through this development we are challenging conventions of property development by working with the local community to inform the uses, the design and ultimately the building will be owned by the people who believe in its purpose.
The land and building will be held in a company, Collett's Corner Ltd, and shares in the company will be sold in exchange for an equity stake in the property development. An equity crowdfunding campaign will be held February 2019 through PledgeMe.
Announcing the winning scheme for Collett’s Corner Design Competition
The Hive, designed to create a bustling addition to Lyttelton’s creative chaos, was selected for its thoughtful relationship to the context, carefully curated arrangement of the functions and the clever use of scale and proportion. The laneways and central courtyard provide intimate public spaces as well as respond to the future plan for Lyttelton. The spatial arrangements allow for future development with business owners, while also providing desirable amenities such as the rooftop garden, the ‘flux space’ open for mixed programming on the ground floor, and the community information space. The scale of the building as a whole is a prominent marker of the the corner site, and compliments the school across the street as well as a creates a bookend to the commercial core. The scale of the building is broken down to relate to the surroundings through its modular design. The design of the inside and outside spaces correspond with each other creating a sort of luring invitation to come inside and hang out.
Ohu is hosting a design competition and inviting architects and graduates to submit ideas for the Collett’s Corner development project. We are appealing to teams that strongly believe in building communities and that see architecture as a way to create places of connection and wellbeing.
STAGE 1: OPEN CALL FOR CONCEPT IDEAS: June 1 - June 29th
Public online voting: July 2nd 8am - July 4th 10pm
Public Exhibition: 10am - 7pm at XCHC (376 Wilsons Rd) July 4th
Announcement of three finalists: July 6th
STAGE 2: DEVELOPED CONCEPT - July 9th - August 31st
Public online voting - September 3rd 8am - September 6th 10pm vote here
Public presentation by each design team: September 6th 6pm at LAF tickets here
Announcement of wining scheme: September 14th
Please refer to the below links for more information:
Ohu started the Collett’s Corner project with a listening phase in 2017 where the local community determined the options to collectively create and own. We distilled the long list of possible uses into two possible building options: Intergenerational and Attraction. Each of the options combined complementary uses so that the respective business thrive alongside one another.
The Intergenerational option focused on creating a place for local residents who find it increasingly difficult to get in and out of town due to the steep hills and stairs, yet they want to remain in Lyttelton and be involved in what is happening. The first and second floor included a mix of accommodation, the ground floor a co-working space for local community groups and residents working from home, and the basement a carpark for collectively owned electric vehicles.
The Attraction option focused on creating a unique destination in Lyttelton to serve locals and visitors alike. Locals voiced wanting a memorable place to take visitors. This option includes a quirky hotel on the first floor, a cosy cinema and bar on the top floor, a souk-like market on the ground floor, and Roman style baths in the basement.
We found the community was equally behind each option and wanted parts of each to be blended. Our feasibility assessments showed that each option would generate strong financial returns for investors and in response to the community feedback, we have developed a third ‘Hybrid’ option which is predominantly attraction based where instead of the souk market at the ground floor we will develop a co-working space, restaurant and retail space.
The programme is to complete the design and planning in 2018, apply for consents in 2019 and complete the construction to open the building at the end of 2020.
Stages of Development
- Listening & Ideation Phase: Jul -Nov 2017
Ask the community to share their ideas for the site
Assess potential options for the project
- Scoping Phase: Jan - May 2018
Share options and seek input to choose the preferred option
Develop feasibility report
Create financial and legal structures aligned to the project's purpose
Seek early stage investors
- Plan & Design Phase: Jun 2018 - Jul 2019
Seek business operators
Launch design competition & appoint wining team
Assemble the project team
Launch equity crowdfunding campagin (February 2019)
- Construction Phase: Mar 2019 - Nov 2020
Build community by building the building, including working bees to develop trade experience
- Opening: Dec 2020
Let's celebrate together!
- 07 February 2018 - Private equity crowdfunding campaign launch for Lyttelton locals (Register here)
- 04 December 2018 - Participatory Design Workshop 6-8pm at 25 Canterbury St Lyttelton
- 13.November 2018 - Investor Forum 6-7pm at 25 Canterbury St Lyttelton
- 30 October 2018 - Participatory Design Workshop (details here)
- 17 October 2018 - Public Investor Forum (PDF)
- 14 September 2018 - Announcing the winning scheme for the Collett's Corner Design Competition
- 06 September 2018 - Public Presentation: Stage 2 Concept Design Finalists - Lyttelton Art Factory
- 21 August 2018 - Public Meeting: Investor Workshop - Lyttelton Board Room (PDF)
- 06 June 2018 - Public Meeting: Announcing the Design Competition - Lyttelton Board Room
- 27 March 2018 - Public Meeting: Project Update - Lyttelton Community Board Room
- Land $720,000
- ~$7mil construction cost
- ~$9mil total cost
Opportunities for Investors
- Equity crowdfunding launching February 2019
- Project Steward - Camia Young
- Development Manager - Buildtech
- Architects - Warren & Mahoney in association with in:flux
- Geotech - Engeo
- Lytteltonions (people that work, live or own property in the Harbour Basin)
- Future business owners
- 10.07.2018 Idealog - Revealed: the three finalists for Lyttelton's development design competition
- 09.07.2018 The Press - Design proposals for Lyttelton's Collett's Corner site revealed
- 03.07.2018 The Press - Public vote to determine future of Lyttelton's prominent Collett's Corner site
- 31.03.2018 The Press - Disrupting property development in Lyttelton
- 26.03.2018 The Press - Ambitious Lyttelton project could create Roman baths, cinema, souk-like market
If you have any questions or would like to know more about Collett's Corner please get in touch.
Ohu is working with the Lyttelton community to create a unique attraction on London St. The 4 story, 2300m2 building will have hot baths, coworking, shop, restaurant, apart-hotel, cinema and bar.