This is the Hope Bear mural by artist Tess Sheerin. The bear has been painted onto a wall at the corner of Riccarton Road and Rotherham Street. You can learn more about Tess and the mural at her website at http://tesssheerin.com/tess-sheerin-art-blog/2012/11/05/after-4-and-a-half-days-of-hard-work-the-hope-bear-mural-is-finally-finished!!/
The mural is part of a wider project by Gap Filler and Greening the Rubble – as you can see below they’ve put in colourful seating and pavers.
Here’s a video on the process of the artwork: