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51 Albert Street

Merricks Capital has provided capital to finance the second phase of construction for 51 Albert Street in Auckland’s CBD, soon to be one of Auckland’s tallest buildings.

The project, led by developer Ninety Four Feet and builder Icon, recently commenced its 36-month build upwards to become Auckland’s premier residential tower and hotel.

Designed by Scott Carver, 51 Albert Street will comprise a new 43 level development containing a 225 room, 5 star hotel. The hotel will be branded ‘Hotel Indigo’ and operated under a Hotel Management Agreement with the InterContinental Hotels Group (IHG), the first Hotel Indigo in New Zealand.

The top levels will also include 30 luxury residential apartments with sweeping harbour views to the west and surrounding city views to the south. Two ground floor retail tenancies will anchor the development, which is scheduled for completion in 2024.

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