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Abadeen launch Villea, Palm Beach apartment development

Abadeen

It’s a rare affordable entry point for prospective buyers, with current and future projects targeted at the luxury owner-occupier

The respected Sydney-based developer, Abadeen Group, has officially launched its first Gold Coast project.

Abadeen, founded and run by property industry veteran Justin Brown, is behind the latest Palm Beach tower, Villea.

The 69-apartment tower at 26 Mawarra Street has one, two and three-bedroom apartments, designed for owner-occupier.

All of the one-bedroom apartments have already been snapped up pre-launch.

Villea offers a rare affordable entry point in Palm Beach, with current and future projects in the pipeline predominantly targeted at the luxury owner-occupier, many with prices starting from $2 million and up.

Villea prices start from $655,000 for the two-bed, two bath apartments with parking, and rise incrementally to the three-bedroom apartments, which start from $1.41 million.

Brown said Abadeen was delighted to have purchased such a strategic site to enter the Gold Coast market.

“We are extremely excited with the purchase in what we believe is one of Australia’s premier beachfront locations,” Brown said.

“The location of the site is close to northern Palm Beach’s pristine beachfront precinct as well as Tallebudgera Creek and is located in an area where there are very few development opportunities for such a project.

“We know the market is running very strongly on the southern Gold Coast, in Palm Beach particularly, and believe the market is primed for this project.”

Abadeen

Villea Palm Beach 26 Mawarra Street, Palm Beach QLD 4221 

There will be private facilities at Villea solely for residents, which includes a resort-style pool, fully equipped gym and a recreational BBQ area.

Villea will also revitalize the street level, with a cool retail strip.

BDA says the project offers the opportunity to reimagine the existing neighbourhood retail centre, as well as introducing a residential component.

“The design approach will result in the addition of high quality, engaging development within this area, that provide a considerable amenity for residents, visitors and neighbours alike,” BDA advise.

One of the biggest drivers for buyers will be the location, 400 metres to the sand of Palm Beach and around the corner from Palm Beach’s thriving cafe and dining precinct.

Palm Beach is also set to be connected to the rest of the Gold Coast by the expanding Gold Coast light rail.

Villea Apartments have views west to the Gold Coast hinterland, north to Burleigh Heads and east across the Pacific Ocean.

Each apartment will have premium finishes and inclusions, including stone benchtops, timber flooring, high quality European appliances, porcelain tile and full height windows to take advantage of the Gold Coast sun.

Abadeen secured the site through GV Property Group’s Antonio Mercuri, who handled the sale on behalf of Gold Coast developer Cru Collective.

It was a well-timed entry in to the Gold Coast market for Abadeen, with the market currently undergoing its highest demand in years.

CBRE Gold Coast agent Nicholas Clydsdale is handling the sales campaign.

About the developer

Abadeen has developed more than $1.3 billion in residential and retail projects over the last 20 years, including high end residential and commercial projects in the Sydney area and a large land estate in the Hunter Valley.

 

Article Source: www.urban.com.au

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Developments

Developer Tests Depth of Albion Apartment Market

Albion Apartment Market

Arden Property Group has lodged plans for an eight-storey apartment tower next door to its Jade apartments development on Burdett Street at Albion.

Euroa is a 76-apartment development on a 2676sq m site, which the developer bought in 2017 for $3 million.

The Altis Architecture-designed tower is on the corner of Burdett Street and Crosby Road, with views over Crosby Park, a proposed Olympic sporting precinct for the 2032 Games.

According to planning documents the development pays homage to the industrial history of the site and the Albion precinct.

“The proposed design has taken a sensitive approach in respecting the industrial heritage significance of the existing site,” the report said.

“The distinct angular roof form and brick palette of the existing industrial building have been reflected in the proposal by incorporating brick feature walls and overclad elements along the street frontage within the planting areas.”

The tower would comprise 19 one-bedroom apartments, 22 two-bedroom apartments, and 35 three-bedroom apartments with a communal rooftop area for residents with a rooftop pool, daybed area, and lounge and views over Brisbane’s evolving skyline.

The architectural design statement said the design outcome would improve street activation, as well as complement and enhance the medium density typology of Albion and leave a “compelling and long-lasting legacy of architectural expression”.

Hoarding has been up on the site for some time, and it comes off the back of Arden Property Group’s four-building 369-apartment Jade development next door.

Arden Property Group’s Jade development won approval in 2014, and was the first major residential development in Albion’s industrial precinct.

Meanwhile former FKP executive director Philip Parker owns a significant stake in the Albion precinct, with storage sheds on Burdett Street and industrial sheds fronting Crosby Road in his portfolio.

 

Article source: www.theurbandeveloper.com

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Brisbane

Brisbane’s Office Market Greenlit for Business

Brisbane’s Office Market

Brisbane’s office market continues to shake off the pandemic doldrums with two new commercial towers approved in the CBD and fringe suburbs.

Property owner PGIM and development partner Indema’s plan for a bold adaptive reuse of a 1970s commercial building at 444 Queen Street has won approval.

The bronze 22-storey tower opposite Customs House will be stripped back to its core structure and completely remodelled with a new podium, curtain wall facade and an additional two-storey sculptural canopy.

Indema director Michael Bruderlin said they would be targeting a net zero certification for the building upon completion in the first quarter of 2024.

Bruderlin said Hutchies had been engaged in an early contractor design and construct contract to help de-risk the project and better understand the technical requirements.

The Fender Katsalidis-designed tower follows in the footsteps of another of its commercial adaptive reuse projects in Brisbane, Ashe Morgan’s Midtown, now the headquarters for Rio Tinto.

Bruderlin said retaining and repurposing the existing building is 400 per cent more environmentally friendly. Retaining the existing concrete structure provides a 70 per cent saving in embodied carbon.

The project will rejuvenate a 48-year-old building at the end of life into an A-grade commercial office asset and increase the net leasable area 40 per cent.

Bruderlin said the project would have a quicker turnaround than a normal demolish and build project and it would use clever design initiatives to increase floor plates and create a better value proposition for the asset.

PGIM purchased 444 Queen Street for $54.4 million from the Public Trustee of Queensland and Abacus Property Group in October last year.

Cornerstone has also won approval for a commercial development in the city fringe suburb of Fortitude Valley.

The Bureau Proberts-designed tower will capture the heritage brick character of the Fortitude Valley centre “borrowing from the intent of these buildings but with a stridently different and contemporary expression”, planning documents said.

“This approach is a deliberate counterpoint to the strong and solid brick structures of the immediately adjacent 47 Warner Street and McWhirters buildings.

“Brickwork or masonry is not used as a material in deference to these neighbouring buildings allowing them to become more evident and make a clear statement about the era of their inception.”

The 28-storey commercial tower at 251 Wickham Street features a stepped slanting facade fronting Warner Street, with a four-storey lobby, and an inverted podium.

There will also be a rooftop terrace, 20m pool and open-plan gym in the commercial tower, with retail offerings at the base of the building.

Brisbane’s metropolitan office market vacancy was at 16.3 per cent at the end of March and there were few transactions across the quarter, according to Colliers research.

But yields remained steady, and well above other capital cities, while incentives remained stagnant at 40 per cent.

 

 

Article source: www.theurbandeveloper.com

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Developments

‘Best of everything’: approval granted to fantastic farm that will give Coast a brand new flavour

approval granted to fantastic farm, Barns Lane Farm

A new agri-tourism venture is set to showcase the ‘best of everything’ from the region, with a huge Produce Hall trading seven days a week.

Coolum Beach will become home to one of the largest tourism destinations on the Coast, with Sunshine Coast Council giving development approval to Barns Lane Farm.

The farm will be set across 6.8 hectares and centre around a paddock-to-plate experience.

It will showcase Sunshine Coast goods and connect locals and tourists with the hinterland.

The 2000sqm Produce Hall will trade daily and house more than 50 short-term and long-term stallholders.

Barns Lane Farm co-founder and developer Jason Grant said it was a great chance for locals to showcase their wares.

“The Produce Hall will provide a never-before-seen opportunity for local producers, without being subjected to trading restrictions and weather conditions,” he said.

“It will offer multiple connections to the market including selling direct to the public and supplying on-site restaurants and vendors.”

Co-founder Helen Grant said there would be several features at the complex.

“It caters to the many tastes and needs of families and foodies,” she said.

“Other attractions include a distillery, brewery, dining, adventure play areas, animal farms, tours, a performance stage and much more.”

The news has been welcomed by tourism, industry bodies and local stakeholders.

Visit Sunshine Coast CEO Matt Stoeckel said the farm would provide a significant boost to the region.

“There is a huge demand for agri-tourism experiences,” he said.

“The new product will go a long way in cementing our profile as a leading agri-tourism destination.”

Coolum State School Principal Anthony Ryan said the farm would bolster the local community.

“Having this on our doorstep is really exciting,” he said.

“We’ve already implemented Barns Lane Farm themes into our curriculum, and we look forward to furthering partnership opportunities.”

It’s expected that Barns Lane Farm will create more than 170 full-time equivalent jobs across a range of industries and provide vast community and educational opportunities.

Barns Lane co-founder Jonathan Leishman said the region’s agri-business would continue to develop.

“We’re growing and supporting local in every sense of the word, including through our Joint Venture with (venture studio) Josephmark for the Agtech incubator Dirt Lab, which will nurture local innovation,” he said.

Construction will start soon, with the opening set for mid-2023.

Future stages include a 26-room boutique hotel suite and a 150-seat function venue, ideal for rural destination weddings and events.

Barns Lane Farm key features

  • Site size: 6.8 hectares
  • More than 170 full-time equivalent jobs expected
  • Will connect locals and tourists with the hinterland
  • Restaurants and cafes offering paddock-to-plate experience
  • More than three hectares of productive garden beds and orchards
  • 2000sqm seasonal Produce Hall with 50 short and long-term stallholders
  • Agri-tech Incubator, ‘Dirt Lab’
  • Events centre and boutique accommodation
  • Music and arts space
  • Distillery and brewery

 

 

Article source: www.sunshinecoastnews.com.au

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