Brisbane suffered the biggest decline in cranes standing across its city, while coastal neighbour the Gold Coast recorded a 33 per cent increase, according to the latest Rider Levett Bucknall Crane Index.
Brisbane is home to a remaining 59 cranes, down from 72 counted six months ago.
Based on the idea that cranes in the sky reflect major project construction, the RLB index tracks the number of tower cranes in key Australian cities to indicate the strength of the construction sector.
Brisbane’s decline reflects the fall in building work done for the calendar year 2018.
The residential sector declined by 7.2 per cent, with declines recorded for both new houses and apartments, and the nonresidential sector fell by 4.2 per cent.
The overall decline of eight cranes in inner Brisbane was driven by the mixed-use sector.
Cranes were removed from Howard Smith Wharves, 949 Ann Street, Queens Wharf and South City Square based in inner Brisbane which accounted for eight dismantled cranes.
The residential count of cranes sits at 42.
Residential projects nearing completion include the Skyneedle Apartments with all three cranes removed, Student One’s 97 Elizabeth Street which had two cranes removed.
New projects where cranes commenced were recorded in Brisbane, Bulimba, Greenslopes, Hamilton, Kangaroo Point, New Farm, Newstead, South Brisbane, Toowong, Westend, Windsor and Yeronga.
Crane spotting on the Goldie
The Gold Coast continues its upward trajectory on the crane index, recording a 33 per cent rise.
Eighteen cranes were added and ten were removed bringing the coast’s total to 32.
The residential sector makes up 94 per cent of all Gold Coast cranes, with the highest number located in the Palm beach area.
New residential cranes were added to developments, including Bluewater in Bilinga, Vue Apartments and Elysian in Broadbeach.
Work continues at the Jewel Residences, two cranes were removed from the project, leaving two on site.
Other projects with continuing cranes include Anchorage Apartments in Hope Island, Otto in Mermaid, the Jefferson in Palm Beach, South Lakes Stage 3 in Reedy Creek, 23 Norman Street and 6 Meron Street in Southport.
Paradiso Place set to redefine living – Surfers Paradise, Gold Coast
Locals are dominating the apartment sales at Paradiso Place, the new premium residential precinct planned for an entire city block in northern Surfers Paradise on the Gold Coast, with Tower 1 of the three-tower mixed-use development instantly appealing to a couple who purchased two apartments.
Locals Martyn Shedd and Amy Degenhart purchased two apartments; one to occupy and a second apartment as an investment to accommodate visiting family and friends.
It’s a huge vote of confidence in Paradiso Place from the couple, who are directors of an award-winning architectural firm specialising in the urban design space.
After many months of due diligence, it was Paradiso Place that ticked off their long list of criteria for the ultimate oceanside apartments.
The $800million Paradiso Place is a landmark development of distinction being developed by SPG Land on an 11,483 sqm whole city block site between Surfers Paradise Boulevard and Ferny Avenue at the northern end of Surfers Paradise on the Gold Coast, consisting of three residential towers sharing a ground-level retail and dining plaza and a level one podium with extensive five-star, resort-style amenities.
“As an urban designer and architect, we have a full understanding of placemaking, so we are highly sensitive to the visual environment and what sets Paradiso Place apart for us is the way SPG Land is creating a village, not just apartment buildings,” Martyn and Amy said.
“We respond to the way spaces work and how people relate to them. This notion of living close to amenity you can walk to is important to us and the facilities provided at Paradiso Place are one of the main reasons why we chose to live there.
“The whole development has been really well designed to support lifestyles of the future. To have access to five-star resort amenities, a retail and dining precinct on the ground level, plus a whole floor within our own building dedicated to co-working spaces have been some of the driving factors behind our decision to purchase two apartments.
“The 2.95m ceiling height was another drawcard. We know how important the vertical space is and the floor-to-ceiling windows really capitalise on that. Not only does it feel more spacious, but there are practical aspects too, like extra cupboard space.
“Paradiso Place will also have a porte cochère and a separate surf entry, which were items on our wish list that we didn’t expect to find.
“We have no doubt that our apartment at Paradiso Place will be the right fit for us.”
Tower 1 of Paradiso Place offers 258 well-appointed one, two and three-bedroom apartments across 38 levels, with ocean views. One-bedroom apartments start at $525,000, two-bedroom apartments begin at $777,000, two-bedroom plus multi-purpose room apartments are priced from $1,248,000, and three-bedroom apartments from $1,549,000. Details on the two penthouses are yet to be released.
Luxury apartment marketing agency TOTAL Property Group is managing the apartment sales of Paradiso Place and has reported strong interest from a wide range of local buyers, along with interstate and overseas purchasers either relocating to, or investing in the Gold Coast.
“We are predicting continued growth for the Gold Coast this year with higher buyer and rental demand driving the market,” TOTAL Property Group Managing Director and Paradiso Place Marketing Manager Adrian Parsons said.
“The Gold Coast lifestyle is attracting a large migrating population as well as investors with their eye on hot property destinations now that international travel has returned.
“The apartments at Paradiso offer incredible value and are an affordable option for a premium apartment close to the beach with ocean views.
“SPG Land is setting new standards for lifestyle residential developments and has given a great deal of consideration to creating highly desirable living spaces with apartments in Tower 1 having ocean views and market-leading 2.95m ceiling heights in the living areas and 2.65m in the kitchen and bathrooms.
“The extensive amenity provided at Paradiso Place and in each of the three towers is indicative of SPG Land’s commitment to world-class innovation and revolutionary design of smart, efficient residential homes that offer high quality lifestyles.
“Paradiso Place presents an exceptional residential opportunity for apartment buyers looking to own a luxury apartment close to the beach, all with ocean views and the highest levels of amenity and walkability.”
More information on apartments at Tower 1 can be discovered at the expansive $4m Paradiso Place Sales Gallery that includes two full-scale apartments, a spacious grand foyer showcasing design features of Tower 1’s lobby and an impressive 2.5-metre scale model of the three-tower development.
A 60sqm immersion room and virtual tours of the Paradiso Place development enable purchasers to experience the views, location and SPG Land’s vision for Paradiso Place, while free onsite parking offers purchasers the opportunity to spend time exploring the full-sized apartments, quality of luxuriously-styled finishes and extensive amenities throughout Paradiso Place.
Article source: www.yourneighbourhood.com.au
Local Developer Files Latest Plans for Gold Coast Hotspot
Plans have been lodged for a 24-storey apartment high-rise with petal-shaped floor plates at Broadbeach, as tower proposals tally up at the epicentre of the Gold Coast’s development boom.
QNY Group, headed by local businessman Anthony Quinn, and Melbourne developer Glenvill Developments are behind the $85-million proposal earmarked for a 511sq m site at 21 Broadbeach Boulevard.
The Gold Coast-based company put its foot on the parcel—located at the end of a cul-de-sac fronting the beach—earlier this year in a $10.1-million deal, equating to almost $20,000 per sq m.
“This site is like no other on the Gold Coast and we wanted the design to reflect its uniqueness,” Quinn said in a statement.
“We’ve worked closely with the architects to come up with a design that will coexist with the natural environment while delivering an iconic landmark that enhances the aesthetic of this leafy Broadbeach Boulevard corner.”
The joint venture is the first foray into the Gold Coast apartment market for Glenvill Developments.
“This will be our first multi-residential project on the Gold Coast, but this not about riding the wave,” Glenvill’s chief executive Len Warson said.
“Queensland had plenty of growth potential prior to the pandemic. We study the market and use those insights to make our next moves, and this was a deliberate move.”
The DA documents filed with the Gold Coast City Council indicate the proposed development would comprise 19 three-bedroom whole-floor apartments across levels 2 to 20, a three-bedroom lower penthouse over levels 21 and part of level 22, and a three-bedroom upper penthouse spanning level 23 and part of level 22.
A rooftop communal open space with deck and glass-edge pool is planned for level 24, with a small portion reserved as a private area for the upper penthouse.
Below the residential levels, a lobby entrance and visitor parking is proposed for the ground floor and a gym and sauna on level 1.
Parking in the four-level basement is to be accessed via two car lifts.
The proposed tower has been designed by Contreras Earl Architecture, whose co-founder Rafael Contreras Morales spent seven years working for world-renowned Zaha Hadid Architects.
If approved, the development on a corner lot near the Broadbeach Bowls Club will replace Karoola, a two-storey walk-up block of units.
The submitted architectural design statement said the building’s form was inspired by the surrounding vegetation and parks.
“The tower uses its vertical structure to articulate the elegant design, which emulates a tree trunk that is seamlessly connected to each floor slab, which at the same time expresses an elegant organic petal shape,” it said.
A filed planning assessment report concedes the proposal is not compliant with the site’s specified residential density performance outcome, which required one bed per 13sq m.
The proposed development has a density of one bed per 8.17sq m but, the report said, the performance outcome of the zone code had been “overtaken by events, as council regularly approves development at densities much greater”.
Broadbeach is now among the Gold Coast’s biggest development hot spots, led by the $2-billion masterplan for The Star Gold Coast casino site.
Iris Capital has been given the green light to build a $800-million project comprising 400 apartments over two towers of 40 and 56 storeys on the site of the Niecon Plaza.
Also, Brisbane-based developer Turrisi Properties has plans for a $100-million, 22-storey residential development at 9-11 Armrick Avenue.
Broadbeach Luxe Development, headed by director John Kubatov, has launched its six-star, $160-million residential project at 2 Charles Avenue, comprising 28 apartments.
More recently, south-east Queensland developer Horan Group has lodged plans for a 28-storey DBI-designed apartment tower.
The 120-apartment tower planned for the 1214sq m site at 11-13 Rosewood Avenue would comprise 96 two- and 24 three-bedroom apartments atop a podium.
Article source: www.theurbandeveloper.com
Developer Tests Depth of 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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