Developer Reduces Gold Coast Skyscraper by 17-Storeys - Queensland Property Investor
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Developer Reduces Gold Coast Skyscraper by 17-Storeys

Developer Reduces Gold Coast Skyscraper by 17-Storeys

Changing market conditions has prompted a Gold Coast developer to slash 46 apartments from its permit-approved Main Beach skyscraper.

Builder-cum-developer Heron Building Group has resubmitted an application to Gold Coast council to drastically amend the proposal, reducing the building size from 55-storeys to 38 and cutting the amount of apartments on offer.

Heron won approval for the original 55-storey design in 2016.

In its application, Heron said that development had been amended “due to construction costs and to reflect current market demand”.

Construction costs in south east Queensland are expected to rise by 2.5 per cent in 2019, consultancy Turner & Townsend reported in its latest construction market survey.

Heron has tapped architecture firm Cottee Parker to design the new scheme, which reduces the front setback by 3 metres but increases the building length by 5 metres.

The developer proposes to retain the car lift system and increase the amount of car parking spaces from 223 to 241. The new scheme has removed the 160 bike spaces set aside in the approved proposal.

Developer Reduces Gold Coast Skyscraper by 17-Storey

New forecasts predict a peak-to-trough decline of 30 per cent in residential construction across the country, with residential commencements expected to bottom out at 161,000 dwellings in 2019-20.

The downturn has prompted developers across the nation to opt out of residential schemes.

Winten Property Group more than halved its Main Beach project, replacing a 250-apartment, 47-storey scheme with a 21-storey proposal.

While Gold Coast developer Sunland cut 19-storeys from its Labrador apartment project late last year.

Heron Building Group did not return calls for comment on Wednesday.

 

 

Source: theurbandeveloper.com

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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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