Director of Cube Developments Scott Juniper said around 30 per cent of purchasers across the company’s portfolio have come from outside South East Queensland
Sunshine Coast developer Cube Developments has achieved a near-sellout success across three of its projects totalling $132 million.
Of the three projects, Beach Life Alex (pictured) – a $70 million project opposite Alexandra Headland Beach – has seen 30 per cent of its stock snapped up by Melbourne and Sydney purchasers who are looking for a permanent sea change.
Some units are still available including three-bedroom, two bathroom units priced at $1.465 million.
Another development, Allura Coolum which comprises 43 residences, is now a sell-out success after Covid sped up sales in the past six months, while One Prosperity also has no residences remaining across its 50 residences.
A two bedroom unit in One Prosperity was priced around $495,000 while a three bedroom apartment sold for around $595,000.
Director of Cube Developments Scott Juniper said around 30 per cent of purchasers across the company’s portfolio have come from outside South East Queensland, with majority of purchasers being owner-occupiers who feel the location is superior to where they’re currently living.
He said, while the borders were closed, Cube Developments successfully sold 15 of its residences virtually via Zoom with buyers choosing to make a decision site unseen; and now that borders are open across the country, Scott said he is expecting even greater demand.
Cube Developments also has land estates throughout South East Queensland, including Woombye, Palmwoods, Bli Bli, Rosemount and Forest Glen.
Now, they are set to market Nature, an 8-storey Cottee Parker-designed project in Cotton Tree that will be home to 13 boutique residences. Each will boast views over the water and have access to a host of amenities including a 25-metre lap pool, gym, steam room and spa, private dining room and a wine room. It will open for expressions of interest later this month.
Article Source: www.urban.com.au
New apartment developments pop up in prime locations in Brisbane, Gold Coast, Sunshine Coast
Located in the new CBD in Maroochydore, this Sunshine Coast development will offer 146 apartments in two towers.
Buyers will have the choice of two and three-bedroom configurations, along with a limited selection of penthouses, each offering sought-after views of the coastline and picturesque hinterland.
The development also encompasses six small office terraces, as well as retail and dining.
Embedded within the brand new City Centre precinct, the project is set to enjoy all the perks and amenity of the budding development hub, affording it a 90/100 walk score.
It is situated directly opposite the new town square and a two-hectare park, part of a sizeable chunk of the CBD site earmarked for open space.
Designed with investors and developers in mind, the mixed-use precinct will feature smart technology throughout, including technology-assisted parking, real-time public transport and community updates, wifi hotspots, safety systems and electric car charging stations.
Some 40 per cent of the 53-hectare site will be kept as open space, and waterways will be integrated throughout.
Market Lane itself will offer 450 square metres of ground floor retail and dining, along with a rooftop terrace on one of the towers, replete with an entertaining area and private dining room.
Other amenities available to residents will include a 25-metre resort-style pool and barbecue leisure space in the centre of the development.
The towers will also feature secure access, lifts, an above-ground car park, CCTV, and an on-site facilities manager.
Article Source: www.domain.com.au
‘Significant Redesign’ of Triple Tower Portside Project
Wentworth Equities is planning to build a triple tower development connecting to Portside Hamilton, undertaking a significant redesign on the vacant site.
The first stage of the Platinum development features a 153-unit residential tower with multiple “sky gardens” to service 53 two-bedroom, 49 three-bedroom and 51 four-bedroom apartments at 19 Hercules Street, Hamilton.
The 29-storey tower also includes ground floor retail spaces, five-levels of basement parking and concept approval for two other towers which will have apartments, shops, offices, indoor entertainment and medical spaces.
This compares to the 2014 approved plans, the $650 million Icon project featuring four towers up to 34-storeys on the site connected by air bridges, housing 567 apartments, a 227-room hotel, civic plaza, restaurants, conference spaces and childcare facilities.
Wentworth Equities purchased the 7,637sq m site in 2014 for $19.8 million before submitting the applications.
“The current development proposal involves a significant redesign of the previous scheme to improve the architectural quality of the development and ensure the development delivers design excellence and outcomes that are in the communities interest,” the development application said.
“In comparison to the previous scheme, the proposal will effectively reduce the building height, deliver some quantum of units, provide fewer retail and no hotel accommodation is proposed.”
The new towers designed by Sydney-based Fuse Architecture have a more subtropical feel and “shift in mindset from apartment living to sky home living” and are created for professionals with young families or downsizers.
The Northshore Hamilton precinct located between the Brisbane CBD and Gateway Motorway bridge has undergone significant redevelopment in the past decade, particularly around the cruise terminal.
Article Source: theurbandeveloper.com
Developer Lodges Plans for Synagogue Skyscraper
Melbourne developer John Kaias has lodged plans to build a 45-level commercial tower above a synagogue in central Brisbane.
The developer struck a deal with the The Brisbane Hebrew Congregation to knock down a hall owned by the congregation and commercial spaces owned by Bellevue Terrace Properties and construct a 207-metre-high tower at 25 Mary Street in Brisbane’s CBD.
Kaias is the director of Bellevue Tce Properties and is the son of family owned Abcor Proprietary Limited which is a Melbourne based engineering company which has had a number of developments in Brisbane.
The tower will sit behind the 135-year-old synagogue on 98 Margaret Street and create a pedestrian link between the buildings.
The congregation were in talks with the developer for more than a year on 2,736sq m site which combines three land parcels before finalising a deal.
The BVN-designed skyscraper features a five-storey podium to house the congregation’s activities with offices, function space, six units, a café, kosher kitchen and indoor kids recreation space.
According to the application a key component of the proposed redevelopment is the integration of the state heritage-listed synagogue into the development.
“The design of the proposal places a significant focus on the original setting of the existing heritage building and seeks to provide a cohesive and beneficial outcome for the future use of the place of worship,” the application said.
The upper floors of the building will be used for tenant event spaces while the top two levels will accommodate a large, luxury penthouse.
The remainder of the floors from six to 42 will have “semi-public co-working” spaces divided by three landscaped terraces.
On the ground floor will be the cross block link that runs through the tower and flexible retail kiosk spaces above three basement levels 242 car park spaces.
This pedestrian link will provide further vantage points around the masonry Brisbane Synagogue.
It was constructed in 1885-86 and was the first purpose built place of worship for The Brisbane Hebrew Congregation founded 20 years earlier.
Article Source: theurbandeveloper.com
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