Plans for the development of a site between Dominion Rd and Valley Rd in Mt Eden, Auckland. Image / Precinct Properties
The $3.4 billion landlord Precinct Properties has launched its latest residential project: the $160 million Mt Eden DOVA where it aims to appoint a contractor soon to start work in this year’s final quarter.
Chief executive Scott Pritchard said the scheme was named DOVA for the first two letters in Dominion and Valley due to its Dominion Rd/Valley Rd corner location.
Precinct will later this year pay the former Eke Panuku for that 0.5ha site.
But it did not secure the very corner, leaving a somewhat awkward L-shaped footprint for its development with frontages onto the two streets yet not that seemingly crucial corner.
“You can only buy what’s for sale,” quipped Pritchard when asked about that.
Precinct apartment prices will start from the $600,000 range for a studio up to $2.5m for the level-five three-bedroom penthouse places, he said.
The project, which the Herald covered last year from the resource consent application, will have 106 carparks and six shops.
Proximity to Eden Park, being 4km from the CBD and in the densely populated residential area are pluses, Pritchard said.
The site is 5250sq m. Precinct plans 121 units in three blocks:
- Dominion 54 units;
- Valley 43 units;
- Carrick 24 units.
The land opposite Woolworths will have landscaped private garden in a courtyard.
That is to be called The Common: 960sq m of green space with a resident pavilion.
Shops will be developed on the two street frontages.
No contractor has been appointed on the job, expected to take two-and-a-half years.
Pritchard said Kalmar was building Fabric stage two in Onehunga and York House in Parnell. Haydn & Rollett, GN Construction, Icon and LT McGuinness are working on other Precinct projects.
Across Auckland, the developer has 1602 student accommodation units and 227 apartments under construction, Pritchard said.
That gives 1890 residential homes being built by the NZX giant in Auckland.
After previously being a solely commercial developer, it has only one commercial project on and that is in Wellington.
“But we are planning downtown,” Pritchard said of the only new Auckland office project Precinct has in the wings.
Last year, Precinct finished Beca’s new waterfront headquarters, the $300m Te Paeroa o te Kawau (the shoreline of the kawau).
Precinct’s nine current residential work and plans are:
- 22 Stanley St, Parnell: $290m, 960-unit student accommodation, consented, building started in June 2025, due to open 2028;
- 256 Queen St: 680 units, student accommodation, to be built by Icon;
- Pumanawa/Downtown Carpark site: $1b+, 160 units, not started, being designed. Two towers up to 56 levels near waterfront. Downtown Carpark scheduled to be demolished later this year, Precinct now talking to contractors;
- DOVA Mt Eden: $160m, 198-222 Dominion Rd, 113-117 Valley Rd: 121 units with shops, offices. Work to begin in Q4, 2026;
- Fabric 2, Onehunga: to be completed in 2026, 118 units;
- The Domain Collection, Newmarket: completion due this year, 65 units;
- York House, Parnell: completion 2026, 41 units;
- Pillars, 99 College Hill, St Mary’s Bay: $100m scheme for 20 units, non-notified, consented;
- Joint venture with Orams Group to develop its big Wynyard Quarter site: numbers not announced.
Anne Gibson has been the Herald‘s property editor for 25 years, written books and covered property extensively here and overseas.
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