A $77 million residential apartment project has been earmarked for a waterfront site in the heart of Brisbane’s West End after being given development approval by the Brisbane City Council this week.
SOKO Waterfront, being developed by the Brisbane-based Spyre Group, will have 120 apartments overlooking the Brisbane River and Toowong.
SOKO’s apartments will come in one, two and three-bedroom configurations and will be topped by an expansive rooftop recreation area and will be launched in coming months.
Spyre Group purchased the 2946 sqm Duncan Street site in July 2014.
SOKO Waterfront will be five minutes from the CBD and a short walk from South Bank and West End’s cafes, restaurants and shops.
Spyre Group managing director Daniel Laruccia said SOKO would appeal to a mix of owner occupiers and investors wanting a luxury apartment lifestyle close to the CBD.
“SOKO will offer luxurious and expansive apartments wrapped in sophisticated architecture and styling in a prime location with spectacular views,” he said.
“Residents will be on the doorstep of Brisbane’s CBD and cultural heart at South Bank while having easy and quick access to eclectic West End and other inner city hubs.”
Marketing agent Syd Walker, of Place, said West End has become one of Brisbane’s most liveable suburbs with demand increasing for luxury apartment product close to the city, and particularly for prime waterfront lifestyle.
The rooftop recreational retreat will feature a swimming pool with wet edge seating, sauna, outdoor kitchen and entertaining spaces.
Established in 2008, Spyre Group has completed over $60 million in projects, chiefly in South East Queensland.
The company has grown from a family-based business to a development group backed by high net worth investors.
Construction Begins on First Homes – Riverina Estate, Gold Coast
The building has commenced on the first homes for Riverina Gold Coast Estate now construction on Stage One is complete, with titles being settled on all 26 house lots.
The first homes currently under construction at Riverina Gold Coast are forecast for completion in October and work has also begun on the Riverina Display Village designated for Stage One.
Riverina Gold Coast is a 180-lot masterplan estate being developed by leading residential lifestyle developer Pointcorp on a perfectly-positioned 17ha riverfront property at Carrara just 10 minutes from Gold Coast’s popular beaches.
Stage One of Riverina Gold Coast Estate, consisting of 26 lots sized from 280sqm to 500sqm, sold out quickly to purchasers eager to build their new dream home in a prime location within a masterplanned community that features exceptional resort amenities and direct access to the river.
To be developed over four stages, Riverina Gold Coast Estate offers a variety of house lots ranging in size up to 740sqm, with the estate’s average lot price being $600,000 and premium riverfront lots in Stage Four fetching upwards of $1 million.
All four stages of Riverina Gold Coast have now been released to the market, with only a small number of house blocks with river and lake frontage remaining.
Construction on the 66-lot Stage Two is underway and forecast for completion in August, and Stages Three and Four with a combined 88 lots are expected to be finished in early 2023.
Managing the sales of Riverina Gold Coast, Louka Vitale of ProjX Group, said construction on the estate was progressing well and the first buyers of land in Stage One were excited to see building already beginning on their new dream homes.
He said construction had also started on the Riverina Gold Coast Display Village that would further assist the sales team to showcase the “exceptional” masterplanned residential community and its prime location.
“The quality of the Riverina estate and its location have resulted in strong inquiry and sales since we launched the development, with all 92 house lots in the first two stages selling within months of being released to the market,” Mr Vitale said.
“That’s half the estate sold within a few months of launching the estate, which clearly demonstrates that Riverina presents a rare opportunity to build a brand new home in a prime location.
“The strong sales result can also be attributed to Riverina being one of the last masterplanned residential communities planned for the central Gold Coast area, and the fact there is limited land available for sale in central Gold Coast.
“Most of the lots in Stage One and Stage Two at Riverina sold to Gold Coast locals, with a handful of buyers coming from Brisbane and regional Queensland.
“Only a handful of the 88 lots across stages three and four are still on the market and we are urging locals to act quickly to avoid missing out. Considering the limited housing land available on the Gold Coast, these premium lots will not remain available for long.
“Now that building has begun on the estate’s first homes, we are starting to see Riverina take shape and soon it will be home to 180 new households that will be part of a vibrant new Gold Coast neighbourhood.”
Riverina Gold Coast Estate’s impressive masterplan features 430m of river frontage, a 2.8ha central lake, resort-style amenities and open green spaces at its prime location on the river at Carrara, close to beaches and all the essential community infrastructure.
An expansive range of luxury lifestyle facilities will be incorporated throughout Riverina, including a 26-berth marina on the river and a state-of-the-art private residents club overlooking the lake with a cinema, café, library and gymnasium, plus a 25m swimming pool and children’s playground.
Riverina Gold Coast enables land purchasers to build substantial, quality homes befitting of the prime coastal riverfront location and with building covenants in place, residents can enjoy peace of mind knowing the security of building controls will maintain the quality of homes.
Potential buyers are invited to visit the land sales display suite at the Riverina Gold Coast development site at 74 Riverview Road, Carrara, to speak with an agent and get an idea of what the estate will look like once the development is complete.
Riverina Gold Coast is conveniently located just 1km from the Pacific Motorway for quick access to the north or south, with Gold Coast Airport just a 30 minute drive, 13 minutes to Robina Town Centre and Brisbane City less than an hour away.
Article source: www.yourneighbourhood.com.au
Palm Beach Residential Tower Proposals Piling Up
Proposals have been pitched for two new medium-rise residential towers along a popular Gold Coast beachside strip and development hotspot as it continues its urban evolution.
The plans have been filed with Gold Coast City Council as it pushes ahead with planning for the fourth and final stage of the light rail network from Burleigh Heads to Coolangatta.
The controversial $2.7-billion extension has come under fire from residents who fear it will increase traffic chaos on the Gold Coast Highway through Palm Beach.
After the federal-election win by Labor, and an election campaign backflip by the Liberals over support for the project, the council has voted to approve a $7.5-million budget allocation for a business case study on the light rail extension.
Coincidentally, development applications have been lodged for the two new residential towers along the planned light rail route at Palm Beach.
A consortium led by Queensland developer Paul Spina is seeking to develop a nine-storey apartment project, replacing two walk-up unit blocks on a 1237sq m site at 1409-1411 Gold Coast Highway.
It would comprise 41 one, two and three-bedroom apartments—some with home office spaces—across eight levels above a ground-floor wellness-recreational area with hot and cold pools, steam room and day beds.
Other facilities in the plans include a private dining room and boardroom, plus secure parking with optional electric vehicle charging stations.
But according to the filed documents, the Cottee Parker-designed proposal does not comply with the specified performance outcome of the medium density residential zone code.
The site has a residential density overlay of one bed per 33sq m of net site area and the planned development with a total of 98 bedrooms has a proposed density of one bed per 12.52sq m.
However, a submitted planning assessment report deemed the proposal “appropriate in form, scale and intensity for its urban context”.
“Notwithstanding this non-compliance, the proposed development complies with the purpose of the medium density residential zone code, including the overall outcomes of the zone code,” it said.
“In all, the proposed development will provide a high-quality residential development product which meets the demand for housing in the Palm Beach area.”
Spina is the director of Townsville-based developer PDS, a firm with a portfolio of major projects in north Queensland, including several apartment projects, residential subdivisions, mixed-use developments and Townsville’s V8 Supercars circuit.
The Palm Beach proposal is his first development foray on the Gold Coast. Pending its approval, the project is scheduled to be launched to market in July.
CBRE’s Nicholas Clydsdale, who has been appointed to market the project, said the stock available in Palm Beach was failing to meet demand because it was only accessible to a small percentage of the population.
“This development has been designed to appeal to the local owner-occupier market with a diversity of residences,” he said.
Up the road at 1276-1280 Gold Coast Highway, a development application has been lodged for another nine-storey apartment project on a 1783sq m site at the corner of Fourteenth Avenue.
It has been filed under an entity linked to business partners Nedale Hamdan and Charlie Ayoub from Sydney-based developer Masscon.
The BDA Architecture-designed proposal is for 58 one, two and three-bedroom apartments and ground-floor communal recreational area—with dining lounge, gym, pool, deck and barbecue area—set above onsite parking within two basement levels.
It will replace a single-storey commercial building occupied by a health centre.
“The architectural design accommodates the proposed apartments within a medium-rise tower form embracing south-east Queensland subtropical design influences through the arrangement of indoor and outdoor living spaces,” the filed documents said.
Similar to the other DA, a submitted planning assessment report concedes the proposed development is not compliant with the residential density performance outcome applying to the site. It is also seeking “minor” variations to setbacks and site cover.
The site’s residential density overlay allows for one bed per 50sq m and the lodged plans, with a total of 131 bedrooms, represent one bed per 13.6sq m.
But according to the report, the development “complies with the relevant overall outcomes of the medium density residential zone code”.
“In particular, the proposed built form sits comfortably within the urban fabric of the surrounded area and will not result in any perceivable impacts to infrastructure,” it said.
“The proposed development will ensure that efficient use of the site is achieved and that it contributes effectively to providing a mix of housing for a permanent residential population in a highly accessible location, where residents will benefit from access to a wide range of services and facilities, recreational opportunities and public transport.
“On this basis, it is reasonable to conclude that the proposed residential density of the development represents a positive response.”
Palm Beach has emerged as one of the Gold Coast’s development hotspots with a rising number of tower proposals, including S&S Projects’ plans for a 23-storey residential project—the beachside strip’s tallest modern tower—at the corner of Palm Beach Avenue and 1128-1132 Gold Coast Highway.
Article source: www.theurbandeveloper.com
RG Property to redevelop historic Fortitude Valley Bread Factory
The national property developer RG Property have lodged plans for a 15-storey residential tower in the heart of the buzzing Fortitude Valley.
The base of the tower, proposed for 36 Warry Street, is weaved into the existing heritage fabric that occupies the site, blending in between the buildings of Keating’s Bread Factory, which was established back in 1879 before becoming one of the major bread making companies in Brisbane.
Designed by Blight Rayner, the Warry St development will comprise a total 118 apartments, with a mix of one, two, three and four-bedroom residences.
The ground level concept is to integrate the heritage buildings with the new built environment by linking them into a pedestrian laneway activated by food and retail outlets, forming the heart of the development.
“Initially, the historic buildings are intended to retain their predominantly office uses but over time, they may gradually change to retail and dining uses once the laneway gains a reputation as a hub of day and night life in Spring Hill,” said Blight Rayner in their development documents.
“The strategy for integrating new and old is twofold. One, by way of matching podium scale and two, by using a contemporary version of the heritage material palette, seeking not to imitate but add a new complimentary layer to the old,” they added.
Level one will home a yoga/pilates terrace along with a gym, which will overlook the bustling streetscape, in addition to three apartments that open out on to surrounding gardens.
Four vertical gardens, one on each side, are planned to enable vines to drape down each level and to grow laterally onto adjoining screens on the street-facing elevations.
Designed with the owner-occupier in mind, apartments offer a variety of layouts and floorplans, catering to differing living and lifestyles.
Large balconies are provided to all apartments and depending upon their orientation, balconies are variously open or screened.
The balconies provide depth to the three-dimensional form creating articulation around all sides, generally positioned on the corners of the building, giving two-way views as well as softening the built form.
“The typical apartment floors are accessed by an L-shaped corridor that opens up to gardens at each end and is naturally ventilated. The layout enables the majority of apartment balconies to occupy corners to optimise both outlook and aspect.”
Two penthouse levels provide larger apartments on the southern side of the tower, while creating a distinctive top to the built form.
Crowning the tower will be an expansive roof garden and swimming pool, with the intent that plants will drape over each edge and be highly visible from the streets and afar. The gardens will also screen the plant enclosure and surround a large barbecue plaza for its solar protection, reinforced by a lightweight, open pergola structure
The site has relatively good access to buses and Fortitude Valley Train Station, while sitting within walking distance of the Brisbane CBD, the new Fortitude Valley State Secondary College, and a host of other convenient amenities.
“The 36 Warry Street Project represents an exciting opportunity to enhance Spring Hill as a lifestyle precinct and inner-city destination.”
Article source: www.urban.com.au
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