Jeff Hornung received a lesson in Hastings history recently.
The president of Pioneer Equipment purchased the former Hastings Keno site at 1216 W. J St. with the intent to place a large shop there. Hornung served as general contractor for the demolition effort that occurred Nov. 17-24, 2022.
A former amusement arcade in Hastings old town has been sold for redevelopment.
Vail Williams acted for the freeholder on the disposal of the 14,039 sq ft site at 39-41 George Street.
The property consultancy concluded a deal with the purchaser, Oasis Developments Hastings Ltd
Arranged mainly across three floors, the early 20th century property also once housed a nightclub at first floor level.
Planning permission has now been sought for 20 apartments and ground floor commercial units.
The proposal includes the demolition of the entire building with a rebuild incorporating some of the historic features specific to George Street and Hastings.
A spokesperson for Oasis Developments said: “The application is highly supported by local organisations with the view that this will enhance the George Street elevation and be a premier tourist attraction.”
Steve Berrett, Vail Williams’ partner based in Crawley, added: “We acted for an existing client on this deal. Properties like this are rarely available and we had strong interest throughout the process.
“Historically, the site will be known to many people as the family entertainment centre Old Town Amusements, with Georgies (formerly Waves) nightclub above, but it became surplus to requirements.”
The Hastings district has seen a big drop in average house sale prices for August. Pictured is a residential street in Hastings. Photo / Warren Buckland
The average house sale price across the Hastings district has dropped to its lowest amount in 19 months, according to the Real Estate Institute of NZ.
However, one real estate expert says because the district
HASTINGS, Neb. (KSNB) – Marvin Planning Consultants took over the Hastings Museum theater Thursday to present their plan to update the city’s comprehensive plan over 10 years in the making. The group covered topics like affordable housing and Parks and Recreation Facilities.
Keith Marvin was one of those consultants, and he gave the bulk of the presentation. It laid out how the comprehensive plan will be developed.
According to city officials, the updated plan is somewhat overdue. The last plan was adopted in February of 2009. Marvin told Local4 News cities should update their plans more often based on certain data points.
“The data we will look at is census data, we’ll pull in other types of data that are out there, economic data,” Marvin said. “We’ll start looking at standards for different things from a standpoint of community facilities, and parks, and start looking at how the community stacks up to those standards.”
Thursday night’s meeting also mapped out best practices for community involvement. Topping the list was social media like Facebook and Twitter. Two others offered were survey monkey and mind mixer.
For those who don’t have access to sufficient technology, there was a discussion between the consultants and a city official about setting up a kiosk inside Hastings Public Library to collect the survey data.
There was also a brief time at the end of the meeting for people to give their thoughts on the presentation. Chuck Holmberg took that time to make his voice heard, and one concern he has for the city is all parts are not growing equally.
“Hastings has grown to the north here for the last couple years, it used to grow to the west but it has changed its direction, so it’s growing but we have lost a lot of businesses in town, a lot of restaurants and businesses both,” Holmberg said.
According to MPC, the whole plan should be ready for the city council to go over in 14-18 months.
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The average house price in the Hastings district has slipped below $1 million. Pictured is Te Mata Peak, which is visible across the district. Photo / Warren Buckland
The Hastings district has dropped out of the $1 million club for average house values as prices continue to decline, according to a new property report.
The latest OneRoof-Valocity real estate report features data from house sales throughout May.
Rising interest rates as well as tough lending restrictions have continued to cool off the housing market in Hawke’s Bay.
The latest data shows average house values have gone down in Napier and the wider Hastings district during the past three months (from the end of February to the end of May).
OneRoof-Valocity takes into consideration a wide range of data to come up with its average house values, with one factor being the latest house sale data.
“Napier’s average property value dropped 1.2 per cent to $939,000 [during the past three months] and Hastings’ fell 1.5 per cent to $994,000, pushing it out of the $1 million club,” the report reads.
“High-value suburbs in both cities fell hardest, with Westshore’s average property value down 3.1 per cent (down $40,000) to $1.232m and Havelock North’s down 3.6 per cent (down $52,000) to $1.384m.”
OneRoof-Valocity reported back in February that Hastings district had cracked the $1 million mark for average house values.
That was largely due to sought-after suburbs like Tuki Tuki, Kahuranaki, Havelock North and Waimarama affecting the district’s average house value.
OneRoof-Valocity’s average house values are different to some other real estate reports. REINZ, for example, uses different calculations including the median price of house sales in a region to track trends.
Meanwhile, according to OneRoof-Valocity, Wairoa district (average house value of $494,000) and Central Hawke’s Bay (average house value of $757,000) bucked the trend and saw a rise in average house values over the past three months, of 5.3 per cent and 1.3 per cent respectively.
“The beach community of Mahia, in Wairoa, Hawke’s Bay, recorded the country’s biggest three-month value growth,” the report read.
“Its average property value rose 12.9 per cent (up $104,000) to $910,000.”
Valocity head of valuations James Wilson said the number of homes being sold in Hawke’s Bay had certainly slowed down a lot this year.
He said because very low volumes of homes were being sold in a place like Mahia, its impressive figures should be seen as a “spike rather than a long-term trend” as the figures can change quickly.
He said first-home buyers and “movers” – those people who own a home but are upsizing or downsizing – were still active in the market but there were not many investors buying.