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Brisbane’s largest ever office tower – 1 William Street

Brisbane Investor,Property Management, Real Estate Brisbane, Mortgage Broker Brisbane, Brisbane property market, housing sales, Housing market

An important milestone for Brisbane’s construction industry has been reached with the ground breaking of the largest commercial tower to ever be constructed in Brisbane’s history.

Brisbane Investor,Property Management, Real Estate Brisbane, Mortgage Broker Brisbane, Brisbane property market, housing sales, Housing market

Cbus Property and the State Government of Queensland have now commenced site works on the 75,000sqm government tower, 1 William Street.

Located at the northern end of the Brisbane CBD near State Parliament House and the public service precinct, the Woods Bagot-designed tower will rise 43 levels (258 metres) above William Street.

The Queensland Government has committed to 60,000sqm of net lettable area with the balance available for sublease to the private sector.

1 William Street will also feature 1,169sqm of retail space along with 318 car bays.

“Our vision for 1 William Street is that it should be emblematic on the Brisbane city skyline,” says Mark Damant, Principal in Woods Bagot’s Brisbane studio.

“As an organic fluid form, the tower will also be inclusive to the state and will sensitively mediate the rich environmental, architectural and social heritage of the site and the city,” says Damant.

At ground level, the building is lifted so that the building appears to float over a dynamic network of pedestrian and view corridors that will connect the site to its surroundings.

Inside, an exceptional workplace is planned to encourage transparency, accessibility and collaboration, built around a central core that allows daylight and 360-degree views.

The site is ordered into eight “platforms” of public engagement, each with its own design signature: an urban retail laneway, intimate sub-tropical botanical spaces, a formalized entry space off William Street, and so on.

Acknowledging the complexity and context of the site, including nearby Parliament House, the tower’s ground floor will be elevated, appearing to hover over a network of pedestrian and view corridors.

“Cbus Property’s development will revitalise the site and is the first stage in delivering a mixed-use precinct that will facilitate greater community use of the northern bank of the Brisbane River,” Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney said.

The 6,778sqm site is owned by the State Government of Queensland and has previously been used as a car park for public servants.

After being elected to power in a landslide victory in early 2012, the Newman Government announced an ambitious plan to reinvigorate the Government Administrative precinct to meet the accommodation demands of the Queensland Public Service.

CBus were awarded the development rights in December 2012 after a competitive tender process involving most of Australia’s largest development and property firms.

“More than 1,000 direct jobs per year will be required on site as the development proceeds, which will also have a positive impact on indirect jobs and the overall economy,” Treasurer and Minister for Trade Tim Nicholls said.

It is also expected to rationalise the Government’s CBD office portfolio and save taxpayers about $60 million every year.

It is expected that CBus Property, and contractor Brookfield Multiplex, will commence excavation in mid-2013 and target completion by the end of 2016.

 

Original article published at www.urbandeveloper.com  6/3/2013

Brisbane

Brisbane apartment market in the spotlight: Media Hunt’s May update

The media veteran Steve Hunt has cast his eye over the Brisbane market and what’s happening in the Queensland capital

The Brisbane apartment market continue to show strength over May, posting 1.1 per cent gains, CoreLogic’s monthly Hedonic Home Value Index found.

The rolling quarterly apartment gains are now up to 3.2 per cent, with the median apartment price reaching $411,000.

The media veteran Steve Hunt, who founded the public relations and media strategy firm Media Hunt in 2005, has cast his eye over the Brisbane market and what’s happening in the Queensland capital.

Hunt mentioned The Fernery, which has been popular with local owner-occupiers

Urban recently spoke to Colliers residential director Andrew Scriven, who said most of the buyers have come from a couple of kilometre radius.

Brisbane

The Fernery 47 Conavalla Street, Ferny Grove QLD 4055 

“There’s been overwhelming success since launch in April from the local market, looking to either downsize, invest or secure something for the children,” Scriven said.

“Locals have really embraced the project. They haven’t really had that offering ever.”

The project by the Townsville-based Honeycombes, in partnership with their financier MaxCap, will comprise the 82 apartment block The Fernery, as well as a 12,000 sqm retail centre set next to the Ferny Grove train station.

 

Article Source: www.urban.com.au

 

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Developments

First look: S&S Projects lodge plans for mixed-use Coolangatta development Esprit

development

The crowning glory of the development in Club Esprit, a rooftop residents only rooftop and wellness space.

Fresh off the success of their nearby Flow and Awaken Residences, the Gold Coast developer S&S Projects has lodged plans for its latest coastal development.

They’re set to develop a mixed-use precinct at 217-227 Boundary Street Coolangatta, a few streets back from Rainbow Bay.

Above ground level retail will be two interconnected buildings designed by Cottee Parker Architects totalling 96 apartments.

The main residential tower will have 72-two bedroom apartments and 19-three bedroom apartments across 12 levels.

development

Located at the front of the precinct will be the more boutique tower of just eight levels, home to five three bedroom apartments and one four bedroom penthouse.

The crowning glory of the development in Club Esprit, a rooftop residents only rooftop and wellness space in the main tower.

The rooftop features a lap pool with day beds and spa and a full wellness centre with gym, sauna, steam room, ice bath and treatment room.

There’s a relaxation lawn, a communal kitchen with large dining space, bar, and private dining terrace with barbecue facilities which can be hired. There’s also two communal barbecue facilities next to a playground lawn.

S&S director Paul Gedoun says he has a fundamental belief in the southern Gold Coast, off the back of the exceptional success in Flow and Awaken.

“Our vision for our projects looks to enhance the community feel, creating dwellings that are in line with our liveable luxury trademark,” Gedoun says.

“We expect that this project will provide a positive impact in the local community with the amalgamation of several sites providing a master-planned approach to the area.

“We always strive to deliver high quality owner-occupier residences in prime locations, respecting the sense of community ownership and the surrounding environment and we’ve taken that vision to a new level with Esprit.”

S&S have seen great success at their nearby Awaken Residences at Rainbow Bay, where their recent $8.15 million sale of the two-level penthouse was the highest apartment sale recorded south of Mermaid Beach.

Only four of Awaken’s nine expansive whole floor apartments now remain, each set to go for upwards of $4 million each after more than $20 million in sales in the first five apartments to predominantly local and interstate buyers.

Flow Residences was named Australia’s fastest selling beachfront apartments following their $74 million sell-out in late October with apartments selling at an average $3.5 million. Construction is underway and is due for completion in 2022.

Esprit Design Statement

In the design statement submitted to the Gold Coast City Council, Cottee Parker Architects call Esprit “a unique architectural offering at Rainbow Bay, that is directly inspired by the rock pools and formations this part of the world is known for.

“The proposed development at 217-227 Boundary Street is a premium one of a kind development, comprising of two interconnected buildings across two street frontages.

development

“Surrounded by dramatic natural beauty, Esprit draws upon its context to create a design that encapsulates the desirable sub-tropical lifestyle of the Gold Coast. Boundary Street The building’s design is inspired by nearby Snapper Rocks and the pockets of tidal pools formed over time.

“Tinted glazing emulates the tranquil reflective waters, separated by striated layers of rock, represented by the facade’s horizontal banding. These horizontal elements layer across the building facade to form balcony edges that grow and build at the edges.

“Within these sheltered edges, landscaping grows to provide a small garden space to each unit, just like the pocket parks that are scattered throughout Coolangatta.”

 

Article Source: www.urban.com.au

 

 

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Developments

Sammut Group Lodges $350m Cronulla Retail Precinct Plan

Cronulla

A bold $350-million plan to reinvigorate the northern end of Cronulla ’s CBD would transform a 5225sq m site into a mixed-use residential and retail precinct.

Sammut Group acquired the Northern Gateway properties between 3 and 23 Kingsway at Cronulla with venture capital partner Alceon Group.

Plans for initial demolition works plus a three-storey basement car park and two-storey retail and commercial podium have been lodged with the Sutherland Shire Council this month.

Ultimately the site would include residential, commercial and retail mixed-use developments, including 112 one-, two- and three-bedroom apartments, 885sq m of commercial space, restaurants, shops and a flagship Harris Farm Markets store.

It supersedes plans for a 21-storey boutique hotel mooted for the site in 2018.

Sammut Group director Allen Sammut said the block of land between Croydon Street and Abel Place was one of the largest commercial sites in the southern Sydney beachside suburb.

“This is a game-changing development that will provide the catalyst for the future revitalisation and growth of the Cronulla CBD,” Sammut said.

“It’s a pivotal project for the area, particularly the many businesses in Cronulla that have been struggling in recent years.

“We’re extremely excited and eager to see our vision for this iconic gateway site come to life, ushering in a new era of optimism and opportunity for Cronulla.”

Harris Farm Markets co-chief executive Luke Harris said they were “thrilled” to launch their flagship store as part of the development.

“Harris Farm Markets has been looking for an appropriate location in the shire for many years… ,” he said.

“The store would be the largest Harris Farm store in Sydney and will introduce new food concepts we haven’t explored before.”

Sammut Group has an extensive portfolio and impressive reputation in the New South Wales market bolstered by the success of developments including Banc, Loft, Breeze and Drift in Cronulla and its surrounds.

Sammut Group is also awaiting approval for a development application for a commercial and hospitality precinct, PARC, in conjunction with Alceon Group, opposite Cronulla’s train station.

 

Article Source: www.theurbandeveloper.com

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