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Developments

Plans Revealed for Burleigh Beachside Tower

Burleigh

The team behind sell-out Gold Coast development Norfolk has joined forces again, this time for a 17-storey apartment tower, also at Burleigh Heads.

The yet-to-be-named tower, at 96 The Esplanade, planned for the 1012sqm site is being put forward by local developer Forme.

The development application as lodged with the Gold Coast City Council on Thursday.

Managing director David Calvisi said the success of Norfolk, currently being built on Goodwin Terrace at Burleigh, had prompted his group to reunite with Koichi Takada Architects and interior designer Mim Design.

All 15 apartments in that development, which were priced from $4 million, sold out before construction began.

The latest proposal is the fifth beach front development on the Gold Coast for the developer.

The 52.95m-high tower will offer 23 half-floor apartments of about 220sq m, three full-floor residences of 440sq m and a two-level penthouse of 790sq m including a gym, library, theatre and private rooftop pool.

Burleigh Beachside Tower

“Norfolk has been a great success and it was important we carried the key elements of its success, mainly via the architecture, through to the design at 96 The Esplanade,” Calvisi said.

“The distinctive design of the building and its sculptural features are intended to position the building as a landmark … and act as a catalyst to encourage higher-quality development in the area.”

The site, which was amalgamated by Forme over six months, is currently home to a low-rise unit block. It is directly across the road from beachfront parklands.

“Open plan living areas have typically been oriented east to face the ocean, with more private spaces at the rear of the building,” he said.

“The building is positioned on the site with consideration to amenity of neighbouring properties and generous setbacks to the existing neighbouring buildings.”

Architect Koichi Takada said the proposed tower’s organic curves were designed to “maximise views to the ocean and light, capturing the beauty of the Gold Coast and the essence of coastal living”.

JLE’s Jamie Lee Edwards is the marketing agent.

 

Article Source: www.theurbandeveloper.com

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Developments

Controversial Burleigh Theatre Tower Wins Support

Burleigh

The Gold Coast City Council’s planning committee has voted four-three in favour of new plans for an apartment tower above the old Burleigh theatre and arcade.

Sydney-based developer Weiya Holdings amended the plans after receiving 86 submissions and a petition objecting to the development at 64 Goodin Terrace and 1823 Gold Coast Highway, Burleigh Heads.

The new plan, designed by Conrad Gargett, reduced the number of apartments by six to 30 with adjustable screens on the western façade as well as four commercial tenancies, a gym and podium-top pool.

The 14-storey tower will be called the De-Luxe Apartments after the mid-century De Luxe Theatre and Old Burleigh Arcade, which were incorporated into the design.

Burleigh

▲ The front and back of the 14-storey old Burleigh Theatre development by Sydney-based developer Weiya Holdings. 

Council officers said the adaptive reuse included several improvements to the heritage building but finishes and colours used on the theatre would have to be investigated.

“The proposed design retains the majority of the significant fabric at the front of the site,” the officers said.

However they suggested a few minor amendments to the plans including changes to the proposed shopfronts of the beachfront theatre.

Weiya purchased the 1667sq m site for $18.5 million midway through 2019 and lodged plans to develop the site a year later.

The majority of concerns about the application surrounded the heritage building and its lack of reference in the new design, however this was an intentional decision by the developer which was supported by the council.

The proposal is due to go before a full meeting of the council next week.

Meanwhile, the council is currently planning improvements to public space in Burleigh including adding trees, seating, a large mural and festoon lighting along James Street as well as moving pedestrian crossings.

 

Article Source: www.theurbandeveloper.com

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Developments

Dreamworld to build $75 million resort under new agreement

Dreamworld

Dreamworld could soon have a $75 million resort and tourist park across the road in Coomera.

The company entered a non-binding agreement on Wednesday with accommodation developer Evolution Group to fund and build the resort on the land owned by the theme park’s parent company Ardent Leisure.

The hotel would include 240 four-star rooms, 40 bungalows and a five-star tourist park with 100 powered sites and restaurants, conference facilities, pools and a gymnasium.

Dreamworld Resort guests would also have offers to access the Dreamworld and WhiteWater World theme parks throughout their stay.

Dreamworld chief executive officer Greg Yong said the arrangement would boost tourism.

“This announcement is another positive step in the recovery of our parks post-COVID and will have a significant economic impact not only for Dreamworld, but also for the northern Gold Coast, one of Australia’s fastest-growing regional corridors,” he said.

“The project will create employment within the local community and contribute to the regeneration of tourism on the Gold Coast.

“The hotel and tourist park will complement Dreamworld as a premium entertainment destination and add a new level of convenience for guests who will have our theme park and water park on their accommodation’s doorstep.”

Queensland theme parks were forced to close in March last year because of the coronavirus pandemic and Dreamworld and WhiteWater World reopened in August, offering discounted tickets in an attempt to attract people in for the September school holidays.

Evolution Group boss John Robinson jnr said he looked forward to collaboratively delivering high-quality accommodation options for guests.

“The Evolution Group team is a family company providing over 2200 rooms around Australia through our resorts and accommodation houses,” he said.

“Having Australia’s favourite theme park on the doorstep of this development will certainly provide guests with action-packed getaways.”

Dreamworld and Evolution Group would work together to obtain planning approvals, while Ardent Leisure would explore options to maximise the value of its surplus land.

 

Article Source: www.brisbanetimes.com.au

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Developments

Asking rents soar to record highs in coastal areas

rents

Rents have soared to record levels in many coastal areas in response to shrinking supply and rising demand from tenants moving out of the big cities and into regional and warmer locations.

Asking rents for houses in the Gold Coast have surged 32 percent in the past 12 months to a record high, while units rose 16 per cent

In Port Macquarie, in NSW’s north coast, house rents jumped 19 per cent and units 22 per cent. In Coffs Harbour, house rents climbed 34 per cent and units by 14 per cent.

“I’ve just never seen these large rises before,” said Louis Christopher, SQM Research managing director.

“We thought the migration away from the CBDs would be reversed, but it looks like people continue to seek out bigger spaces in areas offering desirable lifestyles. We now know there won’t be a complete reversal of the trend away from the cities.”

High tenant demand has pushed vacancy rates to record lows in the Gold Coast, Sunshine Coast and Port Macquarie, where it had fallen to 0.8 per cent, 0.9 per cent and 0.3 per cent respectively.

rents

The rental markets in the inner cities surrounding CBDs have also tightened as more renters move out from their shared rentals to live on their own, but the number of empty apartments in the Sydney and Melbourne CBDs have jumped higher again because of increasing supply after falling in the previous month.

Sydney’s vacancy rates dropped to 3.1 per cent in April, down from 4 per cent in March while Melbourne fell to 4 per cent from 4.4 per cent.

Vacancy rates in Perth, Adelaide, Canberra, Darwin and Hobart remained below 1 per cent while Brisbane’s fell to 1.4 per cent.

Nationwide, the amount of empty rentals has fallen 8.3 per cent, squeezing vacancy rates to 1.9 per cent in April from 2.1 per cent in the previous month.

“The fall in vacancy rates is now encompassing the inner-suburban regions, which I believe is due to the falling number of occupants per dwelling, which is putting pressure on vacancies,” Mr Christopher said.

“The fall in national vacancies is surprising given there has been record first home buyer activity and strong dwelling completions relative to the population.”

The number of empty CBD apartments jumped 17 per cent in Sydney and rose 1 per cent in Melbourne, pushing vacancy rates up to 7.3 per cent and 8.3 per cent respectively.

“This is telling us that there is still a lack of interest in terms of moving back into the CBD,” Mr Christopher said.

“It looks like the vacancy rates are not going back to pre-COVID levels of around 4 per cent in the foreseeable future due to high levels of stock.

 

 

Article Source: www.afr.com

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