Crane Spotting: Gold Coast Cranes Rise as Brisbane Sees Decline - Queensland Property Investor
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Crane Spotting: Gold Coast Cranes Rise as Brisbane Sees Decline

Crane Spotting Gold Coast Cranes Rise as Brisbane Sees Decline-min

Brisbane suffered the biggest decline in cranes standing across its city, while coastal neighbour the Gold Coast recorded a 33 per cent increase, according to the latest Rider Levett Bucknall Crane Index.

Brisbane is home to a remaining 59 cranes, down from 72 counted six months ago.

Based on the idea that cranes in the sky reflect major project construction, the RLB index tracks the number of tower cranes in key Australian cities to indicate the strength of the construction sector.

Brisbane’s decline reflects the fall in building work done for the calendar year 2018.

Crane Spotting Gold Coast Cranes Rise Brisbane Sees Decline-min

The residential sector declined by 7.2 per cent, with declines recorded for both new houses and apartments, and the nonresidential sector fell by 4.2 per cent.

The overall decline of eight cranes in inner Brisbane was driven by the mixed-use sector.

Cranes were removed from Howard Smith Wharves, 949 Ann Street, Queens Wharf and South City Square based in inner Brisbane which accounted for eight dismantled cranes.

Crane Spotting Gold Coast Cranes Rise as Brisbane Sees Decline-min

The residential count of cranes sits at 42.

Residential projects nearing completion include the Skyneedle Apartments with all three cranes removed, Student One’s 97 Elizabeth Street which had two cranes removed.

New projects where cranes commenced were recorded in Brisbane, Bulimba, Greenslopes, Hamilton, Kangaroo Point, New Farm, Newstead, South Brisbane, Toowong, Westend, Windsor and Yeronga.

Crane spotting on the Goldie

The Gold Coast continues its upward trajectory on the crane index, recording a 33 per cent rise.

Eighteen cranes were added and ten were removed bringing the coast’s total to 32.

The residential sector makes up 94 per cent of all Gold Coast cranes, with the highest number located in the Palm beach area.

New residential cranes were added to developments, including Bluewater in Bilinga, Vue Apartments and Elysian in Broadbeach.

Crane Spotting Gold Coast Cranes Rise as Brisbane Sees Decline.-min

Work continues at the Jewel Residences, two cranes were removed from the project, leaving two on site.

Other projects with continuing cranes include Anchorage Apartments in Hope Island, Otto in Mermaid, the Jefferson in Palm Beach, South Lakes Stage 3 in Reedy Creek, 23 Norman Street and 6 Meron Street in Southport.

 

Source: goldcoastinvestor.com.au

 

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Brisbane

Brisbane’s Narrowest Commercial Tower Approved

Brisbane’s Narrowest Commercial Tower Approved

A development application has been approved for an ultra-skinny mixed use tower located in Brisbane’s CBD.

The 30-storey development, lodged by Sydney-based Lionmar Holdings, will sit atop the heritage-listed Grosvenor Hotel on the corner of George and Ann Streets.

Lionmar, who purchased the site for $4.4 million in November 2010, submitted the development application to council in December 2016.

The office development, located in Brisbane’s legal precinct, will be just nine and a half metres wide and 30 stories tall, making the tower the narrowest building of a comparable height in Brisbane.

The building, designed by Hames Sharley, will feature 9,100sq m of boutique commercial office space, three levels of restaurant space, two apartments and 17 carparks.

The development will also feature a rooftop bar on level 29 with views across the Brisbane River to South Brisbane and through the CBD as well as a 400sq m city room and garden on level 14.

Brisbane’s Narrowest Commercial Tower Approved 1

Hames Sharley principal Jason Preston said the building’s narrowness meant the design needed to be innovative in dealing with the challenges of structural tension, compression and stability.

“At just nine and a half metres wide and 30 stories tall, we believe this would be the narrowest building of a comparable height in Brisbane,” Preston said.

“Given the building’s four lifts are designed as a ‘side core’ to the west boundary wall, a building of this kind will twist and sway differently to a traditional tower, which is usually anchored by a number of central lifts, stair cores and a larger floor plate.”

The building will feature a hybrid ‘exo-skeleton’ bracing system, both as a structural necessity and to visually anchor the building.

Last year, council outlined several concerns about the height and scale of the proposed tower as well as the need for construction details compromising the heritage value of the 140-year-old hotel.

The developer agreed to reduce the tower site coverage from the initially proposed 68.5 per cent to 67.9 per cen and enlisted expert guidance of heritage architect Malcolm Elliot from Vault Heritage Consulting.

Preston said Hames Sharley’s design incorporated the client’s desire for a grand entrance that honoured the heritage status of the existing building.

Construction of the development is expected to start December and once complete the building is expected to earn premium A-grade commercial development status due to its sustainability characteristics, high-end lobby finishes, express lifts and high-performing services.

 

 

Source: theurbandeveloper.com

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Brisbane

Yeerongpilly Green Urban Renewal Ramps Up

Yeerongpilly Green Urban Renewal Ramps Up

A major urban renewal project in Brisbane’s south continues as the first residential stage of the $850 million development project has launched to market.

Spanning a 14-hectare site, Yeerongpilly Green, described by the Queensland government as “an exciting urban village” is under way by developer Consolidated Properties Group and CVS Lane Capital Partners.

The regeneration project, located five-kilometres from Brisbane’s CBD, will comprise 28,000sq m of commercial space, an 8750sq m retail and dining precinct, and 1.8 hectares of parkland space, with plans for 1200 dwellings to be constructed.

Consolidated Properties, led by Don O’Rorke, won the government tender to develop the Brisbane riverside site in 2015.

When completed, the precinct will be home to 3000 new residents, a range of commercial and retail businesses, and up to two-hectares of parklands.

Yeerongpilly Green Urban Renewal Ramps Up 1

The launch to market of three boutique buildings marks the first public release of the residential stage, with O’Rorke describing the buildings’ as designed with owner-occupiers in mind.

Park House and Garden House, which are both five levels in height, comprise 35 and 56 apartments respectively. While Green Terraces will comprise ten, three-bedroom residences.

O’Rorke says the Yeerongpilly project is in-line with the company’s plan to focus on residential development in established urban areas.

“After 40 years in development it’s my view that we need to be enriching amenities and social infrastructure through redevelopment in our existing communities, rather than contributing to sub-urban sprawl,” he said.

Yeerongpilly Green Urban Renewal Ramps Up 2

The Yeerongpilly project is the second Brisbane urban renewal project for Consolidated Properties Group, following the $650 million Cornerstone Living project in Sunnybank in Brisbane’s south, which is also in partnership with state government and CVS Lane Capital Partners.

“We expect to commence construction of all three buildings early next year… [so] the first residents could move in as early as 2021,” O’Rorke said.

Yeronga PDA development green lit

In nearby suburb Yeronga, a development scheme for the Yeronga Priority Development Area (PDA) on the old Yeronga TAFE site has been approved.

The scheme will act as a framework to transform a three-hectare site into an integrated mixed-use community and residential precinct.

Economic Development Queensland said it will partner with a private developer to deliver the precinct, with the successful development partner to be announced later this year.

 

 

Source: theurbandeveloper.com

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Developments

More Apartments Approved in Sunshine Coast’s New CBD

More Apartments Approved in Sunshine Coast’s New CBD 1

New changes to the state government’s priority development scheme will see the delivery of up to 4000 new apartments in the new $2.1 billion Maroochydore CBD.

The Queensland government has approved changes to the Maroochydore City Centre that would see an increase in residential dwellings from 2000 to 4000 apartments within the priority development area.

Maximum building heights have been increased in areas to accommodate growth, while development will also need to meet design requirements relating to residential privacy and natural light access.

More Apartments Approved in Sunshine Coast’s New CBD 1

Last month investment and development company Pro-Invest announced it would develop the first new hotel in the Sunshine Coast’s new town centre.

The nine-storey, 167 room hotel will operate under the Holiday Inn brand, and is scheduled to open late 2020.

Construction kicked off on the first commercial building, the $30 million Cottee Parker-designed Foundation Place, by local developer Evans Long last month.

The new CBD builds on state government announcing the Maroochydore City Centre as a PDA in 2013, priming the precinct for infrastructure investment, economic development and the creation of a new CBD.

The PDA spans approximately 60 hectares, covering council owned land including the site of the former Horton Park Golf Club and land in Dalton Drive, purchased by the Sunshine Coast Council for $42 million in 2015.

The South East Queensland regional plan forecasts an additional 53,700 dwellings needed within Sunshine Coast urban areas by 2041.

Sunshine Coast Mayor Mark Jamieson said the latest approval will assist council meeting urban infill targets.

“Maroochydore is ideally placed to deliver more apartment living options for the region, and these changes will enable the city centre to grow.”

 

 

Source: theurbandeveloper.com

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