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Developments

Gurner to create $600 million mixed-use tower in Surfers Paradise

Gurner

The Gold Coast site had previously been earmarked as Ralan’s Sapphire project.

Gurner and Wingate have announced they intend developing a 13,000 sqm Budds Beach, Gold Coast site which had previously been earmarked as Ralan’s Sapphire project.

It will be a $600m mixed-use inland precinct at 112 Ferny Avenue, Surfers Paradise.

The proposal is for a multi-tower offering with high-end residential, family-focused resort living, hotel, retail and hospitality and potentially build to rent apartments.

The site is currently permitted for 999 apartments over 90 levels, so the new scheme will result in a reduction of apartments from Ralan to around 600 offerings over a series of stages.

Wingate was Ralan’s main finance partner until Ralan collapsed in 2019 with $560 million debts.

The rectangular site bordered by the Ferny, Norfolk, Pine, Oak avenues will be Gurner’s third Queensland project after the developer completed its $500m FV project in 2019.

The developer also announced a project for Port Douglas.

“We have been looking at the Gold Coast and Sunshine Coast for a considerable amount of time, but we wanted to find a site that would allow us to do something really special and not just ‘another tower’ on the Gold Coast,” said founder and director, Tim Gurner.

“I believe the Gold Coast is about to have its largest market run in history as Australians realise just how spectacular our eastern seaboard coastline is, and are more motivated than ever before to invest and live in a coastal destination.

Wingate managing director of property, Mark Harrison said the joint venture presented “deep alignment of interests” between the two entities.

“This latest venture will allow Wingate to build upon our significant track record of funding more than $12 billion of property over the past decade,” he said.

Another Ralan Surfers Paradise project, Ruby, which included the Paradise Resort, was acquired by hotelier Jerry Schwartz in late 2019.

 

Article Source: www.urban.com.au

Brisbane

Shayher Group see local interest at Indooroopilly townhouse collection Long Pocket

townhouse

The Jacaranda Place development bordering the Indooroopilly Golf Club in Brisbane will home 45 townhouse when completed in 2023.

The Brisbane-based Shayher Group are seeing high demand from locals at their recently launched Indooroopilly townhouse development Long Pocket.

The Jacaranda Place development bordering the Indooroopilly Golf Club in Brisbane will home 45 townhouses when completed in 2023.

Shayher are expecting a mix of buyers, from downsizers wanting a lower maintenance lifestyle while retaining the space, to young professionals with young kids and families looking to be near the private St Peters Lutheran College school zone.

townhouses

Long Pocket 75 Jacaranda Place, Indooroopilly QLD 4068

There’s two collections, the Rainforest Collection or the Riverview collection, the latter proving most popular so far.

Each townhouse will feature a number of living areas, a galley kitchen with Gaggenau appliances, an integrated fridge and freezer, as well as a butler’s pantry.

They will have expansive entertaining balcony as well as an outdoor courtyard. There are internal lifts available in selected townhomes which is a feature aimed at the downsizer.

The grounds will feature a 22 metre resort style pool as well as a sauna and a steam room.

There are five display homes on site ready for inspection.

About the developer

Shayher Group is privately owned Australian company that began operating in 1999 and has since grown into a diversified property group.

With their HQ in Brisbane, Shayher have developments across Queensland, New South Wales and Victoria. One of their most recognised developments is the $1 billion redevelopment of the heritage-listed Pentridge Prison in Melbourne.

Locally, Shayher have developed The One, the 82 level, 467 apartment development in the Brisbane CBD, and are set to transform the Bulimba Barracks in the next few years.

 

Article Source: www.urban.com.au

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Developments

Plans for 12-Storey Tower on Gold Coast ‘Spine’

12-Storey

Plans for a 12-storey mixed use retail and residential tower in the heart of a low-rise Gold Coast beach suburb have been lodged with the Gold Coast City Council.

Gold Coast developer Daniel Veitch has unveiled plans for The Oxley, a two-storey arched retail podium with an eight-storey residential unit tower on top, taking style inspiration from the Gold Coast’s iconic Pink Poodle Hotel, which was demolished in 2004.

It would be the second stage of the Nobby Beach retail rejuvenation, set on a 2406sq m site next to George Manettas’ The Frederick, which is a complementary design.

The towers would be four-times higher than the three-storey, or 15m high, allowance under current zoning.

The development would include 88 dwellings, retail, and food and drink outlets, according to the BDA Architecture plans for the “subtropical” mixed-use development.

12-Storey

▲ The Oxley takes style inspiration from some of the Gold Coast’s most iconic architecture. Image: BDA Architecture 

The block fronts the Gold Coast Highway and Lavarack Road at Nobby Beach, and would be within walking distance from the light rail station that is due to be completed at the end of 2024.

According to the development application the site is a “prime opportunity to provide high quality residential and short term accommodation” for the Nobby Beach area.

“This area is becoming an emerging ‘village’ destination with its commercial, retail and food and beverage opportunities,” the report stated.

“The design proposal seeks to create a new integrated development that enhances and activates the boutique retail village that offers food and beverage, office, medical, boutique retail outlets and dining opportunities with the proposed residential apartments above.”

According to BDA Architecture, the development would “respectfully build up the residential density along the Future Light Rail spine”.

Speaking at The Urban Developer’s In Focus: Gold Coast webinar last week, Urbis director Matthew Schneider said the Gold Coast was made up of a series of villages that would be connected by intensive development along the light rail spine.

“The Light Rail Corridor comes in with a mandate for transformational change including scale of development—much more urban,” Schneider said.

“The hitting zones for this are Mermaid, Nobby Beach, Burleigh Heads, Palm Beach, and now to Kirra Beach and Coolangatta.

“Anywhere where that transformational change is happening off the back of infrastructure is where those [development] hot spots are.”

 

Article Source: www.theurbandeveloper.com

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Brisbane

Bluebird Rolls Out Innovative Development Partnership Model

Bluebird

Bluebird has launched its latest boutique project in Brisbane under its innovative joint venture model.

The firm’s development partnership with landowners allows them to become equal partners in the development process.

In this TUD+ Briefing, Bluebird co-founder and partner Riye Arai-Coupe discusses the division of responsibilities under its new model as well as the expected risks and returns for both the landowner and developer.

Bluebird’s maiden project under its development partnership is located at 5 Dudley Street in Brisbane’s riverfront suburb of Highgate Hill.

“The landowners were keen to construct a new apartment building but had limited experience in tackling a development project of this size and complexity on their own,” Arai-Coupe said.

“Under our model the landowners were able to learn of all of the possibilities through the project feasibility assessment and analysis.”

The development, currently before the council, will comprise a four-level, “high-end” apartment building with eight, three-bedroom riverfront apartments.

The project is centred around Bluebird’s “biophilic” design to deliver a development that connects residents with nature, creates best practice in sustainability and considers the community.

 

article Source: www.theurbandeveloper.com

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