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Developments

New Master Planned Development Delivers Housing For Booming Region

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A new master planned residential development is soon to launch in Narangba, north of Brisbane.

The site is being developed through a joint venture between Pointcorp and the Dahua Group. The lots will be delivered in ten stages and once complete, will provide 467 house and land packages — with an expected end value of $222 million.

Pointcorp diversified into house and land packages last year launching their first first land project — a 344-lot land division — in Coomera on the Gold Coast.

Last week, Queensland Acting Premier and Treasurer Curtis Pitt visited the master planned site in Narangba.

Pitt said the Moreton Bay Regional Council was the fastest growing municipality in Queensland and one of the fastest growing regions in Australia.

“It’s forecast to grow in population by more than 40 per cent over the next 20 years and there are plans in place for a range of residential housing for growing communities to call home,” Pitt said.

All house and land packages at Amity will qualify for the $20,000 Queensland first home owner’s grant.

“The grant can be applied to newly constructed homes up to $750,000 and not only help Queenslanders into their own home, but also supports jobs in our building industry,” Pitt said.

Pointcorp’s Chris Vitale said the company acquired the land in January 2016 in partnership with Dahua.

“We’re designing a one-of-a-kind community not seen before, and our partnership with leading global developer Dahua Group will ensure we develop [a] wide range of affordable housing product,” Vitale said.

Amity’s future contribution to the region’s housing stock supply allowed Dahua to qualify for relief from additional foreign acquirer duty (AFAD). AFAD was introduced to ensure foreign acquirers of residential property who benefit from government services and infrastructure also contribute to their delivery, the same as local buyers.

“We welcome mutually beneficial foreign investment and by maintaining sufficient flexibility when it comes to the additional duty charged to foreign entities,” Pitt said.

Amity will launch to the public in October. The first stage of the community comprises 93 house and land packages ranging in price from $398,000 to $600,000.

Originally Published: moretoninvestor.com.au

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Developments

Sekisui House Lodges Plans for Added Public Green Space to Meet Approval Conditions

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Sekisui House’s controversial West Village project may receive two new additional laneways, over 1,500 square metres of public open space and a “water play area” if the developer’s recent application to the Brisbane City Council is approved.

With the first stage of development currently underway, the 2.6-hectare former Absoe site has reduced its height and ground cover (which was originally 95 per cent) after the state government called in the development in September 2016 amid public outrage.

Located in the inner-Brisbane suburb of West End – an area known for being particularly divided on high-density development – West Village project director Andrew Thompson says that the additional public amenity and laneways will offer new experiences to both residents and locals.

The application provides for three main pieces of amenity, “The Common”, two laneways and a 1,532-square metre community space. The proposed laneways, “Factory Lane” and “Wilson Lane” will act as an interconnection between the two 14-storey residential towers that commenced construction in June last year.

According to Thompson, The Common will offer a water-play area, with in-ground water jets at the Boundary Street entry to the site.

“Grassed areas will provide a setting for viewing performances, picnics and small gatherings, and tall trees with a diverse canopy will provide a cool sanctuary full of colour and texture.” he said.

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Factory Lane and Wilson Lane, will be the first of four laneways and will include deep plantings, landscaped market gardens and lighting, as well as a number of bicycle stands as they act as green “portals” connecting West Village’s buildings and its future public spaces.

The Common is an example of Sekisui House’s strategy to repurpose a historic landmark site, with the proposed space bringing a forecourt back to the old ice cream building.

“We are about to breathe new life into West End’s Ice Cream Factory as a residential and retail precinct, and The Common will be a cool, green entry statement that embraces the heritage listed building,” Thompson said.

The developer also plans to incorporate a community space into the West End development for public uses such as an art gallery, formal or informal educational seminars/lectures, conference or reception space, fitness classes, dance classes, theatre or cinema.

The end result will include another six residential sites, galleries, restaurants, retail and entertainment facilities.

Subject to approval by Brisbane City Council, West Village’s public spaces are expected to be implemented by the end of 2018.

Originally Published: theurbandeveloper.com

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Developments

Work begins on $248m Chester & Ella towers in Brisbane’s inner-city

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FLYING in the face of Brisbane’s apartment downturn, work has begun on a $248m luxury inner-city unit complex — backed by the financial nous of global investment banker Goldman Sachs.

FLYING in the face of Brisbane’s apartment downturn, work has begun on a $248m luxury inner-city unit complex — backed by the financial nous of global investment banker Goldman Sachs.

Construction has begun on Kokoda Property’s Chester and Ella dual building complex in Newstead after the firm secured $120m in funding from global investment bank Goldman Sachs.

Exterior elevation of Kokoda Property’s $248m Chester & Ella project in Newstead.

Exterior elevation of Kokoda Property’s $248m Chester & Ella project in Newstead.Source:Supplied

Shared rooftop terrace.

Shared rooftop terrace.Source:Supplied

Private lounge.

Private lounge.Source:Supplied

Managing director Mark Stevens and Hutchinson Builders head Scott Hutchinson jointly turned the sod to mark the official kick-off of one of the few projects to make it through tightened funding conditions in Brisbane’s inner city apartment market.

Kokoda Property director Sam Tucker said only high quality projects were making it through the tougher funding climate.

“The reduced availability of finance means that only the best projects in Brisbane are moving to the construction phase,” he said. “This, in turn, is driving up the quality of multi-residential living in the city, which is a strong positive for Brisbane’s future”.

Alternative for the living zone.

Alternative for the living zone.Source:Supplied

Ella white kitchen.

Ella white kitchen.Source:Supplied

Chester black kitchen.

Chester black kitchen.Source:Supplied

It’s Kokoda Property’s first foray into Brisbane, with the firm having paid $19m for the site in late 2015 after 18 years in the Melbourne market.

When complete the development will see 320 luxury apartments across two 18-storey buildings with hotel-style shared amenities including around-the-clock concierge, rooftop terrace, health and wellness centre, private dining room, cinema, pool and shared outdoor kitchen areas.

According to Kokoda, 135 apartments in Chester worth $95m were sold in a four-week period and Ella saw $14m worth of apartments sold in a single transaction and a further $22m during one weekend.

Originally Published: www.news.com.au

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Developments

Developer Lodges Application for 12-Storey Tower on $22m South Brisbane Site

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A Melbourne-based developer has submitted a development application for a 12-storey commercial building in South Brisbane, designed by BVN architecture.

The Kaias family, in their third Queensland development, lodged the application with the Brisbane City Council earlier this month.

The building, “Mobo”, comprises an eight-storey commercial tower above a four-storey podium and will be located on the corner of Merivale and Tribune Streets in South Brisbane.

The developer acquired 74, 78 and 80 Tribune Street for a total of almost $17 million in November 2016, and later acquired 134 Merivale Street for $4.25 million.

Hero2

The development will pursue principles of subtropical design, proposing “extensive landscaping”, integrated vertical gardens and references to the Queenslander architectural typology. The A-grade tower will provide 17,000sq m of NLA and incorporate two ground floor retail tenancies within the lower podium.

The Kaias family are no stranger to Brisbane, having developed the $100 million, 16-storey “Opera” apartment project in Cordelia Street, South Brisbane and a $260 million commercial project in Fortitude Valley.

Opera finished construction earlier this year and the developer is currently pursuing pre-commitments for the over-35,000sq m of NLA of the commercial tower, “Aura”, located in St Pauls Terrace in Fortitude Valley.

sketch2

According to the proposal, “Mobo” is expected to accommodate for 176 employee spaces and three basement levels for vehicle car parking.

“External outdoor space is provided to each commercial tower level in the northern corner of the building. A break-out space is provided on the rooftop, providing communal amenities for the use of building occupants,” the proposal said.

“The building is designed to achieve practical and highly functional internal spaces. The nature of the proposed use as a commercial office [requires] large floor plates, capable of meeting the needs of the current commercial market.”

The proposed tower is located on a large 2,670sq m site within 200 metres of the commercial hub of South Bank and approximately 800 metres west of Brisbane’s CBD.

Originally Published: theurbandeveloper.com

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