A DA approved development site approved for a nine-storey residential tower has hit the market in Brisbane’s Newstead.
The 1,821sqm site, located at 14 Maud Street, offers 30-metre frontage and has mixed-used zoning under the Brisbane City Council.
The site integrates a 1,012sqm heritage commercial building, formerly the Federal Boot factory.
“This is an exceptional opportunity to purchase a residential development site which is DA approved for a striking nine-storey residential tower providing 52 apartments,” said Ray White’s Tom Barr, who is marketing the sale.
The heritage building has potential for commercial and retail offerings or can be converted into additional apartments.
Located about 2.5 kilometres from the Brisbane CBD, the site will benefit from several new projects, including the upcoming completions of the $700 million Kingsford Smith Drive project and the Breakfast Creek Green Bridge.
“The offering provides an excellent opportunity to capitalise on a market with diminishing forecast unit supply and sat in one of Brisbane’s most exciting precincts underpinned by strong fundamentals and demographics”. Barr said.
Newstead appeals to young professional and down-sizer markets due to its close proximity to Brisbane’s affluent suburbs of Hamilton, Teneriffe, and New Farm.
Chester & Ella, designed by Australian architect Hayball, are two unique towers inspired by the twists and turns of the Brisbane River.
The project offers two, three and four-bedroom luxury residences.
This article is republished from propertyobserver.com under a Creative Commons license. Read the original article.
Habitat Development Group Secures New Maroochydore CBD Approval
Following on from the success of their $83 million Market Lane project in the new Maroochydore CBD, Habitat Development Group have secured development approval for their second project in the precinct.
Habitat Development Group director Cleighton Clark said The Corso Residences will be a $94 million project comprising a mix of 1, 2 and 3-bedroom apartments over 15-storeys.
“Tower One includes 116 apartments over 15-storeys and five penthouse units on the top floor while the second tower offers 42 apartments over 8-storeys, as well as 715sq m of retail space on the ground floor.
“Residents on the north side will look towards Maroochy River and Picnic Point and north-east to the ocean while residents on the south will look over Sunshine Coast Parade and the Corso which was completed earlier this year.
“The project also includes a large resort pool on the ground floor as well as a huge 600sq m communal rooftop terrace on level four which connects the two towers. There is also a 130sq m dining room adjoining the rooftop terrace for the exclusive use of residents,” Clark said.
Clark said Market Lane’s recent sales success gave him the confidence the project would sell out in the first quarter of 2021.
“The recent sales rates at Market Lane have been very healthy and we expect to be sold out by March—12 months ahead of completion.
“The timing for the sales launch of the Corso Residences is scheduled for the second quarter of 2021 and we expect strong enquiry from those that may have missed out on our first project,” Clark said.
Residents will be within walking distance to the weekly StrEATside markets at The MET as well as renowned local chef Tony Kelly’s bustling new eateries Market Bistro and Giddy Geisha which have both recently opened in the Foundation Place building on Lightning Lane.
All apartments and retail outlets will be connected to the new innovative automated waste collection system and will also have access to the fastest data connection on the eastern seaboard via the international broadband cable which are both key features of the new Maroochydore CBD.
The project has been designed by Sunshine Coast-based K Architecture. Place Group have undertaken the landscape design.
Article Source: theurbandeveloper.com
The Star Breaks Ground on $400m Broadbeach Tower
The Star Entertainment Group is set to break ground on a 63-storey mixed use residential and hotel tower at its $2 billion masterplanned site at Broadbeach Island on the Gold Coast.
The approved $400 million tower, to be built on the most south-eastern part of Broadbeach Island, will feature 210 five-star hotel rooms and 457 apartments.
Multiplex will commence construction in early February with approximately 2,300 jobs expected to be generated over the project’s three year construction timeline.
The tower will join the $400 million, 53-storey Dorsett hotel and apartment tower which is due for completion in 2022.
It will be developed adjacent to The Star Gold Coast casino with its existing refurbished 596-room five-star hotel.
When realised, The Star Broadbeach Island masterplan will comprise 3,000 hotel rooms and apartments, conference facilities, as well as a number of cafes, bars and restaurants.
The state government-approved masterplan is being overseen by Destination Gold Coast Consortium—the joint venture between The Star, Chow Tai Fook Enterprises, and Far East Consortium.
It is the second major project in south-east Queensland for the joint venture partners which are currently in the throes of delivering the $3 billion Queen’s Wharf integrated resort and residential development in central Brisbane.
The Star chairman John O’Neill said the decision to proceed with the masterplan’s second tower was a show of confidence from the consortium.
“While we continue to work through and manage the serious impacts of domestic and international border restrictions on our business and the industry more broadly, the decision to proceed with our second tower is part of our unwavering commitment to the Gold Coast.
“We all know how strongly the Gold Coast resonates as a premier holiday location, particularly for those from the southern states.
“There is also a growing number of Australians who want to work, live, and play here.
“It all helps underpin our confidence in the Gold Coast and south east Queensland tourism,” O’Neill said.
The tower’s hotel will span 14 levels above the buildings six-level podium while residential apartments, ranging from 55sq m to 168sq m, form the upper levels.
It is understood, 70 per cent of the one, two, and three-bedroom apartments on offer within the project have already been sold since pre-sales began in May 2019 with prices ranging between $596,000 and $1.8 million.
The tower’s retail offerings will combine with the Dorsett hotel and apartment tower via a connected concourse featuring more than 12,050sq m of retail and resort facilities.
The Star and the Queensland government had been in talks over an exclusive 30-year casino licence to operate on the Gold Coast.
However, talks were concluded last year with the state government continuing to eye potential rival operators to come into the Gold Coast market, with rumours of possible interest by Hard Rock International, Lawrence Ho’s Melco and Hong Kong-listed gaming company NagaCorp.
The end of the talks with the Queensland government come after Star finalised a deal with the NSW government to give it exclusive licence for poker machines in NSW over the next 21 years, until the end of 2041.
Article Source: theurbandeveloper.com
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
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