The Queensland Government announced it will seek proposals for an integrated development of the government precinct in Brisbane’s CBD through an Expression of Interest (EOI) process.
The redevelopment could provide new six star hotels, retail, restaurant and entertainment zones, theatre and convention facilities, new open spaces – and a new casino.
Premier Campbell Newman also announced that the State Government would consider making two other casino licences available for major integrated resort developments in other parts of Queensland.
Mr Newman said the Government had considered a range of development scenarios for the redevelopment of Brisbane’s government precinct, which “presents a once in a generation opportunity” for the city.
“Market sounding has indicated the best outcome for the precinct and for the protection of heritage sites will be achieved through an integrated development,” Newman said.
“The Government has decided that a casino licence will be offered in the EOI process to encourage the provision of a world class integrated development in Brisbane’s CBD.
“The Government believes Queensland can sustain up to three new integrated resort casinos and believes there would be strong interest in other parts of the state.”
Deputy Premier Jeff Seeney said the EOI for the government precinct redevelopment would go to the market by the end of the year.
He said such a massive project would deliver significant boosts to both the construction and tourism sectors of the state economy.
“Integrated developments including casinos have proven their ability to increase visitor numbers and stays elsewhere in the world,” Mr Seeney said.
“They are not just casinos as we have previously seen in Queensland; in fact, the casino is only part of these major developments which are tourism drawcards in their own right.
“Singapore’s foreign visitor numbers were declining in 2008 and 2009. When two integrated resorts with casinos (Marina Bay Sands and Resort World Sentosa) opened in 2010 visitor numbers rose by more than 20 per cent.
“The resorts contributed $3.7 billion to Singapore’s gross domestic product during the first nine months of operation, of which only $720 million was attributed to gaming tax.
“We believe the redevelopment of Brisbane’s government precinct could lead to similar benefits for Queensland.
“There is no doubt a project of this scope and size holds enormous potential for the development and tourism sectors, for the residents of Brisbane and visitors to the city.”
Mr Seeney said officers of his department had met with the Singaporean Government regarding the establishment of the resorts in Singapore and they would test the appetite in Asia and North America to enter the EOI for Brisbane.
A Probity Code of Practice will be established for the precinct project and an independent probity adviser will be appointed to oversee the EOI and selection process. The probity adviser appointee will be announced before the process begins.
Mr Seeney said when the EOI for the government precinct was released the government would also release a draft Queensland Casino Policy for public comment.
The policy will guide the state’s future approach to casinos and gaming.
“The policy will consider issues such as market capacity, implications of additional licences on existing and future operations, financial implications for the state, community interests and social implications,” he said.
Original article published at www.urbandeveloper.com 14/10/2013
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.
“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
First look: S&S Projects lodge plans for mixed-use Coolangatta development Esprit
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.
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.
“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
Sammut Group Lodges $350m Cronulla Retail Precinct Plan
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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