The South East Queensland developer Spyre Group has lodged plans for their most boutique project yet on the Gold Coast.
Having spent around $11 million on 10 Goodwin Terrace, Burleigh Heads, earlier this year, the Andrew Malouf-led developer has filed for an exclusive collection of just three apartments on the near beachfront site.
Designed by bureau^proberts with landscaping from Cusp, 10 Goodwin is crowned by a two level penthouse with its own private rooftop pool.
“10 Goodwin Terrace brings something new to the long-established coastal neighbourhood of Burleigh Heads,” the design statement from bureau^proberts suggests.
“It resolves a form and envelope that achieves transparency where maximum exposure is required and shelter where refuge is called for. Demonstrating a deep understanding of the qualities of this site, the architecture creates an expression that honours a coastal landscape and reinforces a sense of belonging to its place.”
There was a pre-lodgement meeting with the Gold Coast City Council where a six level development was discussed, however despite the height of adjoining towers, the council considered the building height to represent a departure from the medium density residential zone code and the strategic framework.
Spyre went away and came back with just the three apartments, each with a density of one bedroom per 60 sqm.
Goodwin Terrace has been popular for boutique apartment developments. The local developer FORME, led by managing director David Calvisi, recently sold out Luna, at 50 Goodwin Terrace. Those apartments had a starting price of $4.1 million.
FORME also sold out Norfolk, designed by Koichi Takada Architects, at 46 Goodwin.
Spyre have had success locally too, with their sold-out Natura development located around the corner on The Esplanade. More recently Spyre sold out their Coolangatta apartment development Cala Dei in just four weeks.
The collection of 31 two and three-bedroom residences sold for an average of $1.9 million, with 11 sales recording a purchase price over $2.5 million.
10 Goodwin Terrace, Burleigh Heads is an expression of the natural landscape – suspended between an ancient, rugged headland and endless, glassy ocean. Drawing parallels to the topography of Burleigh Headland, the building form steps in unison with the topography. The architectural envelope echoes the ephemeral quality of the ocean with a rippling surface of fluted glass enclosing eastern and western sides. Three whole-floor apartments frame the panorama of rolling sands and Coral Sea that stretches north from this place of unrivalled aspect and outlook.
While the architecture explores an expression that abstracts and champions an exhilarating coastal location, the development is committed to making an enduring contribution to the street and neighbourhood of Burleigh Heads. This will be achieved through carefully considered street and boundary interfaces and a commitment to an architectural and landscape expression that honours this place of natural beauty. For residents of the development, the architecture will create a sanctuary that amplifies the divine qualities of this location – drawing inside, the sound of waves, salt-laden breezes and tempered, sub-tropical sunlight.
The interior realm explores an experience that presents in trilogy. It is distinguished by open, invited, and private realms which draw distinctive parallels to the open expanse of the ocean, the intermediary shoreline, and the sanctuary found in the refuge of the landscape. This linear sequence, connecting living spaces overlooking the shoreline to private retreats nestled into the foothills of Burleigh Heads, captures the full spectrum of the building’s distinctive, spatial experience.
On the rooftop, the ambition to create a habitable, formed landscape is legible in the expression of cascading pools and terraces. Natural landscape is interwoven to create shade and ground the experience in this place of elevation. Smaller gardens take seed in the crevices of the façade where the fluted shell of the east and west façade merge to become solid panels encasing the southern edge.
Landscape is further sown into sculptural gardens framing the edges to balconies. Mature, native landscape is introduced at street level to create inviting spaces for the public realm.
10 Goodwin Terrace brings something new to the long-established coastal neighbourhood of Burleigh Heads. It resolves a form and envelope that achieves transparency where maximum exposure is required and shelter where refuge is called for. Demonstrating a deep understanding of the qualities of this site, the architecture creates an expression that honours a coastal landscape and reinforces a sense of belonging to its place
Article Source: www.urban.com.au
Charter Hall leads the charge with $560m industrial deals
Funds management and development juggernaut Charter Hall has swooped on $560 million worth of industrial properties as it builds its pipeline to service the explosive growth in the ecommerce, data and cold storage sectors.
Defying the pandemic-hit market conditions, it has acquired and settled 17 assets which have lucrative high-quality tenant covenants, with long lease terms ranging up to 16.9 years and located in large industrial precincts with proximity to major infrastructure and metropolitan areas.
Further boosting its $16 billion pipeline, Charter Hall has purchased a number of development sites that come with surplus land for expansion and development. The group has forecast the industrial portfolio will grow beyond $20 billion.
Charter Hall is an ASX-listed $7.75 billion diversified manager that specialises in assets with long leases across the traditional sectors of office, retail and industrial as well as fast-moving consumer foods, pubs, healthcare and childcare.
Charter Hall chief executive David Harrison said the acquisitions build on the group’s strong momentum in acquiring high-quality industrial assets in prime locations across Australia.
“We continue to lead the Australian market in deal volume, and our ability to secure high-quality assets off-market continues to deliver long-term value for the business and superior outcomes for our capital partners and investors,” Mr Harrison said.
Major tenant customers secured with the latest acquisitions include Australia Post, Toll, Border Express, Cleanaway, Zirconia (Iron Mountain) and state government agencies. One large site is the distribution centre in Lytton, Brisbane leased by Kmart.
Charter Hall industrial and logistics chief executive Richard Stacker said with a further $3 billion of investment capacity together with a captive development pipeline, “we would expect our $16 billion industrial portfolio to grow beyond $20 billion over coming years.”
The deals reflect how the country’s commercial property sales moved up a gear in the second quarter, with the industrial sector posting the strongest ever quarterly deal flow, the latest Australia Capital Trends report from Real Capital Analytics (RCA) shows.
Benjamin Martin-Henry, RCA’s head of analytics, Pacific, said quarterly sales of industrial stock outpaced offices and retail properties combined for only the second time since the start of 2020, having never achieved this feat in the previous two decades.
“This record was despite a relatively quiet first quarter for the industrial market. With a hefty deal pipeline of around $2 billion of industrial deals awaiting settlement, 2021 is highly likely to be a record-breaking year for the sector,” Mr Martin-Henry said.
Commercial property sales worth $13.4 billion were closed over the second quarter, up 15 per cent on the same period last year. For the first six months of 2021, volumes reached $21.2 billion, up 11 per cent compared to the same period in 2020.
Together with the Charter Hall deals, Blackstone completed the sale of the Milestone Industrial Portfolio to GIC and ESR for $3.8 billion, while LOGOS, together with partners Australian Super, Ivanhoe Cambridge, TCorp and AXA IM Alts, bought Australia’s largest intermodal logistics facility – Moorebank Logistics Park (MLP) in Sydney – for $1.67 billion from Qube.
Article Source: www.brisbanetimes.com.au
Southport, Gold Coast apartment development site sells for $6 million
Sales activity for high-density-zoned development sites in Southport had been relatively subdued compared to the rest of the Gold Coast market
A Southport, Gold Coast development site – once planned for a 47-level tower – has sold at auction for $6 million.
It was bought by an undisclosed Gold Coast investor.
The 2430sq m site is at 114 Scarborough St, on the corner of Hicks St.
The receivers listing was sold by Colliers International who had five bidders compete.
It fetched above price expectations.
“Sales activity for high-density-zoned development sites in Southport has been relatively subdued this year compared to the rest of the Gold Coast market,” agent Steven King said.
“While sites in southern beachside markets continue to attract record prices, this sale demonstrates that Southport has begun its development site rebound,” he told the local paper.
The vacant site is within Southport’s designated Priority Development Area.
It was reported that a NSW-based company and Chinese investors had previously planned a 47-level apartment/hotel tower.
The DA approval was for a 47 level tower comprising of a 225 bed hotel and 264 (1, 2 and 3 bed) apartments
The site had cost $7.65 million, The Gold Coast Bulletin reported.
The site borders the Gold Coast City Council’s recently proposed “Towers Of Power” government and court precinct, a proposed $300 million development.
Article Source: www.urban.com.au
Mosaic Property Group lodge next Gold Coast apartment development after double Mermaid Beach sell-out
Mosaic Property boss Brook Monahan says the development will set a new benchmark of luxury living for an upmarket boutique building
The South East Queensland developer Mosaic Property Group are set for their next development on the Gold Coast.
It’s going to be their most boutique offering yet, with just nine whole floor apartments planned for the Burleigh Heads dress circle The Esplanade.
It will be located just up the road from their successful 47 apartment development Grace by Mosaic, which sold out in just a few months late last year.
The new apartments at 42 The Esplanade, dubbed The Heads in the submission to the Gold Coast City Council, will be designed by the architecture firm bureau^proberts and will replace the current brick apartment block built over five decades ago.
Mosaic Property boss Brook Monahan says the development will set a new benchmark of luxury living for an upmarket boutique building in Burleigh Heads.
“This is a genuinely world-class, one-of-a-kind address,” Monahan told Urban.
“We are pleased to have the opportunity to create another outstanding address in Burleigh Heads, following the success of our first Burleigh project, Grace by Mosaic, which sold out in a matter of months.
“Our primary goal with 42 The Esplanade is to make it the most desirable, exclusive, and in-demand place to live on the entire beachfront in Burleigh.
Monahan says the the design draws on the areas’ natural beauty.
“The composition boasts honest materiality and elegant form,” Monahan says. It is singular in its execution while remaining authentic within the local context.”
In the design statement, bureau^proberts say the architectural design has a strong focus on subtropical building form, with a lightweight and breathable façade, lush green landscaping that continues from the ground level up and around the building, and an organic floor plate that pays homage to the undulating Burleigh headland.
Mosaic are already fielding enquiry from their VIP, pre-launch access list.
The Heads will feature a ground level pool, dining and lounge area. The apartments start on the ground level, the first complete with a large 130 sqm terrace with outdoor kitchen and landscaping.
Each apartment above will have balconies over 35 sqm.
Mosaic double-down in areas where they’ve seen great success. They had the same idea in the exclusive Mermaid Beach area, further north on the Gold Coast
After seeing success at Bela, Mosaic bought a site a few doors down on Peerless Avenue and created Dawn, which secured 95 per cent of its sales within its first two weeks of its pre-release to their database.
9 storey built form;
• 9 x 3-bedroom dwelling units;
• Two (2) levels of basement car parking with 29 resident spaces and 3 visitor spaces;
• Ample on-site landscaping and deep planting areas sufficient to contain large shade trees and balance the built form elements;
• Generous communal open space on the ground level and large private balconies for each apartment oriented to the beach;
• Pedestrian access directly off The Esplanade frontage; • Vehicle access to First Avenue via the adjoining development site, 4 First Avenue;
• Highly articulated building envelope with large boundary setbacks and separation to maintain residential amenity and privacy;
• Subtropical architectural design focused on enhancing the character of Burleigh Heads
The site at 42 The Esplanade gives new opportunity to acknowledge Burleigh’s beachfront appeal. The tower’s form is sensitive to its site and neighbourhood by responding to the existing Norfolk Pine trees, key aspect views and privacy requirements from its neighbours. The 9, single floor, vertically stacked coastal homes achieve stunning beachfront and headland views by opening the living areas out to the east, with the master bedroom placed prominently to give the residents an unrivalled northern aspect. The glazed envelope is protected down each side with horizontal batten screens which rhythmically move in and out as they rise up the building.
The slab edges move and fold around the building, reaching out to connect its inhabitants with the Esplanades’ parkland, then cutting in to open up views and angle breezes through the interior spaces. The movement of the floor plate is an homage to the undulating outcrops of the nearby headland.
Landscape is employed at the ground level to interact with the street and give space to the existing Norfolk Pine which has been previous been constrained on all edges. This allowance of space is replicated up the building with the southeast corners being cut back to give the tree its breathing space. Vegetation is continued up and around the building, creeping through the screens and with time, will drape and soften the building edges and contribute to the visual and micro-climatic coolth around the tower. As response to the beachfront climate, large outdoor living areas reduce the reliance on indoor conditioning. Breezes are mapped such that openings across and through the plan allow for effective cross ventilation of the interior
Article Source: www.urban.com.au
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