### ODT Online Thu, 31 Mar 2011
Developer sells share in hotel
By Simon Hartley
St Clair developer Stephen Chittock and Calder Stewart Property – who together built 26-room boutique St Clair Beach Resort, valued at $14 million – have parted company, with Mr Chittock retaining no stake in the award-winning hotel.
In October 2006, the area was rezoned from residential 1 to local activity 2, allowing commercial activity for small-scale businesses, retail shops, apartments and restaurants to be built as of right, without public notification. The Dunedin City Council spent more than $6 million rebuilding the Esplanade seawall and redeveloping the landscaping in 2004.
Posted by Elizabeth Kerr