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<p>Sydney-based property fund manager Haben has splashed $115 million to acquire Dexus’s 50 per cent stake in a Townsville shopping centre <a data-mce-href="https://www.theurbandeveloper.com/articles/brisbane-olympic-games-colliers-regions-benefit" href="https://www.theurbandeveloper.com/articles/brisbane-olympic-games-colliers-regions-benefit" target="_blank" rel="noopener">in north Queensland</a>.&nbsp;</p><p>Dexus offloaded its recently acquired non-management stake in Stockland Townsville, which it acquired as part of its AMP Capital Shopping Centre Fund deal.&nbsp;</p><p>It’s reportedly the first regional shopping centre deal in almost 12 months, according to JLL agents Nick Willis and Sam Hatcher who sold the stake in the property.&nbsp;</p><p>The 45,021sq m shopping centre underwent a $180-million redevelopment and expansion in 2012, and sits on a 9.4ha site with two additional development sites.</p><p>Haben adds the asset to its portfolio of 12 assets on the eastern seaboard and about $2 billion under management.&nbsp;</p><p>Haben managing director Ben Finger told <em>The Urban Developer</em> that the <a data-mce-href="https://www.theurbandeveloper.com/articles/counter-cyclical-private-equity-playing-hardball-wentworth-haben-marquette-ulc" href="https://www.theurbandeveloper.com/articles/counter-cyclical-private-equity-playing-hardball-wentworth-haben-marquette-ulc" target="_blank" rel="noopener">property fund focused solely on retail with food and service-based shopping centres and development upside</a>.&nbsp;</p><p>He said it was the group’s first partial acquisition of an asset.&nbsp;</p><p>“Haben is pleased to add Stockland Townsville to our growing portfolio,” Finger said. &nbsp;</p><p>“The opportunity is on strategy with our business to provide stable and higher returns for our investors in this higher interest rate environment.&nbsp;</p><p>“Our portfolio is very focused on robust retail assets with strong underlying land that provide mixed-use development opportunities.</p><p>“We continue to see our centres trade with exceptionally strong sales growth, low vacancy and positive rental spreads.”</p><div id="6rXYHiIphobQXUQcMB10fm"><picture><img src="//images.ctfassets.net/8pr762qjocl3/6J0Q0DpQrJUmeMrRqVpNZc/a43e0e5dd2d713d9f82b1b0656d543f2/marquette_property_seminar_122.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/6J0Q0DpQrJUmeMrRqVpNZc/a43e0e5dd2d713d9f82b1b0656d543f2/marquette_property_seminar_122.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ Haben managing director Ben Finger speaking at a property event this year.&nbsp;<br><br></span></div></div><p>Earlier this year Finger told <em>The Urban Developer</em> that Haben was working on a 700-apartment development on the site of one of its assets.&nbsp;</p><p>JLL’s Nick Willis said Stockland Townsville had 99.5 per cent occupancy and more than $278 million in total centre sales.</p><p>“The transaction reaffirms liquidity for the regional sub-sector, in addition, the continuing trend of new capital emerging for interest in institutional-grade retail assets,” Willis said.</p><p>“In the last three years we have seen 16 partial interests trades, totalling more than $3.75 billion of capital, of which 60 per cent was maiden.&nbsp;</p><p>“This has included a mix of super funds, syndicators and private investors, such as Nikos Property, which acquired 50 per cent of Colonnades Shopping Centre in South Australia; this was their first foray into shopping centres.</p><p>“Globally we are seeing capital re-emerge for retail assets, due to the growing evidence of assets’ forecast performance, relative value and underlying land and multifaceted nature, compared to other sectors.”</p>

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<p>What’s ahead for our industry? Have your say and you’ll have the chance to win a package valued at $3500.</p><p><em>The Urban Developer</em>, in association with nbn co limited, is undertaking a comprehensive independent industry sentiment survey to identify the issues, perspectives and predictions of our audience of more than 65,000 property professionals.</p><p>In just 10 minutes, you can provide critical perspectives on a range of aspects of the property industry, including:</p><ul type="disc"><li><p>General sentiment</p></li><li><p>Project feasibilities</p></li><li><p>Site and asset values</p></li><li><p>Planning approvals</p></li><li><p>Construction costs</p></li><li><p>Project funding</p></li><li><p>Market demand</p></li></ul><p><br>By doing so you will not only add insight to the industry but also go in the running for the prize package that includes an all-access ticket&nbsp;to Urbanity 2024 on the Gold Coast, a $1000 accommodation voucher and an annual&nbsp;TUD+ Professional membership.</p><p>We will share the findings of our independent survey with the industry through a series of articles, reports, webinars and industry roundtables.</p><p>By contributing, you are helping the industry to understand the complexities of today and of the future.&nbsp;</p><p>Your input is invaluable, so complete the survey before the deadline of October 2, 2023, and be in the running for our great prize.</p><p style="text-align: center;" data-mce-style="text-align: center;"><strong><a data-mce-href="https://www.research.net/r/67235MY" href="https://www.research.net/r/67235MY" target="_blank" rel="noopener">Take the survey now.</a></strong></p><p>Thank you for being a part of <em>The Urban Developer</em> community. We look forward to hearing your insights and wish you the best of luck in the prize draw.</p><div id="21kPBY9zw6ydaHegVrDWVW"><picture><img src="//images.ctfassets.net/8pr762qjocl3/4tIqCKVF4sApArj3JouOs6/2e27d475b1cfb6f5b0ed39c166156258/SURVEY_-_Property_indus_mid.png" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/4tIqCKVF4sApArj3JouOs6/2e27d475b1cfb6f5b0ed39c166156258/SURVEY_-_Property_indus_mid.png"></picture></div>

Take part in our industry-wide independent survey and you could win a package valued at $3500…

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<p><em><br>The Urban Developer</em> is excited to invite you to an exclusive networking lunch in Melbourne,where you can connect with more than 300 property professionals and gain valuable insights from industry leaders.</p><p>This event, hosted by <em>The Urban Developer,</em> promises a three-hour, all-inclusive dining experience paired with exclusive perspectives from three prominent Melbourne developers: Time &amp; Place, Hamton, and Salta Properties.</p><p><br></p><p style="text-align: center;" data-mce-style="text-align: center;"><a data-mce-href="https://cvent.me/7Drn2L?rt=X_aufiJPxEeHOTaMYZfoiQ&amp;RefId=General+Admission+%7C+Editorial" href="https://cvent.me/7Drn2L?rt=X_aufiJPxEeHOTaMYZfoiQ&amp;RefId=General+Admission+%7C+Editorial" target="_blank" rel="noopener">Click here to register</a></p><p style="text-align: center;" data-mce-style="text-align: center;"><br></p><hr><p><br></p><h2>Event details</h2><ul><li><p><strong>Date</strong>: Friday, October 20, 2023</p></li><li><p><strong>Time</strong>: 11:30 am - 3:00 pm AEST</p></li><li><p><strong>Venue</strong>: Metropolis Southbank, Melbourne</p></li></ul><p><br></p><h2>Ticket options</h2><ul><li><p><strong>Single Ticket:</strong> $250 + GST</p></li><li><p><strong>TUD+ Members</strong>: $200 + GST (20% off)</p></li><li><p><strong>Tables (10)</strong>: $2,250 + GST</p></li></ul><p><br></p><h2>Inclusions</h2><ul><li><p>Networking drinks upon arrival</p></li><li><p>Entree and main meal</p></li><li><p>Engaging developer panel discussion</p></li><li><p>Exciting lucky door prizes (valued at over $1000)</p></li><li><p>3.5-hour drink package</p></li></ul><p><br></p><p><strong>With only 150 tickets available for sale, act swiftly to secure your spot at this must-attend event!</strong></p><p><br></p><hr><p><br></p><h2>Meet the Developers</h2><p><br></p><div><div id="2c5ATv4ujmbtVdgBoAz0Qo"><picture><img src="//images.ctfassets.net/8pr762qjocl3/1IUeuLp3hVgINbyVeGbGye/42f9d6bb8ff55ae2d85868b946176b7b/3.png" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/1IUeuLp3hVgINbyVeGbGye/42f9d6bb8ff55ae2d85868b946176b7b/3.png"></picture><div><br></div></div></div><p id="4fmEuehGaYS6Y8pzbb7MWm"><strong>Emma Woodhouse, chief operating officer,&nbsp; Salta Properties<br></strong>Emma Woodhouse brings her extensive 19-year career experience, spanning construction and development, to oversee development, project management, asset management, sustainability, and marketing. Her remarkable journey began at Lendlease before joining Salta in November, 2019.<span style="font-family: 'Droid Regular'; font-size: 18px;" data-mce-style="font-family: 'Droid Regular'; font-size: 18px;"><br></span><br></p><div id="1ZHHYwxcCKvaMX4daMZVgG"><div><div id="1uSYswoGisqIYEnBXpiIQv"><picture><img src="//images.ctfassets.net/8pr762qjocl3/6A3D4M4IHC0wgjCeq8VfdX/82c0d023f0775c89892c1360fc49ac63/1.png" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/6A3D4M4IHC0wgjCeq8VfdX/82c0d023f0775c89892c1360fc49ac63/1.png"></picture><div><br></div></div></div></div><p><strong>Paul Hameister, co-founder, Hamton Property Group</strong><br>Paul combines legal and finance expertise with a prolific real estate development career. Under his leadership, Hamton has excelled in creating sustainable, community-centered spaces across residential, commercial, and mixed-use projects. Beyond property development, Paul is a seasoned mountaineer and polar explorer.<br><br></p><div id="6uYJlNTdhIcuYR6YpCEZkq"><div><div id="6nPnEhHAFh6tKHqFMlOYUx"><picture><img src="//images.ctfassets.net/8pr762qjocl3/5DWvgK14HHQLlrt1NGKRHn/a21be646118898fb21dc99fc18b93425/2.png" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/5DWvgK14HHQLlrt1NGKRHn/a21be646118898fb21dc99fc18b93425/2.png"></picture><div><br></div></div></div></div><p><strong>Tim Price, founder, Time &amp; Place</strong><br>Tim has more than 20 years of property industry experience, and his design-driven passion has fueled significant developments in Melbourne and Sydney, with projects valued at $4.1 billion, emphasising Time &amp; Place’s commitment to transformative spaces.<br><br></p><hr><p><strong><br>Don’t miss this exceptional opportunity to network with industry professionals and gain insights from these distinguished developers. </strong></p><p>Reserve your seat today for <em>The Urban Developer </em>Long Lunch and be part of the conversation shaping the future of property development. <a data-mce-href="https://cvent.me/7Drn2L?rt=X_aufiJPxEeHOTaMYZfoiQ&amp;RefId=General+Admission+%7C+Editorial" href="https://cvent.me/7Drn2L?rt=X_aufiJPxEeHOTaMYZfoiQ&amp;RefId=General+Admission+%7C+Editorial" target="_blank" rel="noopener">Click here to find out more.</a></p>

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<p>The battle to build shoptop housing next to Barrenjoey House continues with the latest plans now before the Northern Beaches Council.&nbsp;</p><p>IPM Property’s Steven Sroba and Chris Webster are behind the proposed modern development opposite Palm Beach Wharf, at 1112–1116 Barrenjoey Road, Palm Beach.</p><p>Koichi Takada Architects designed what appears as a five-storey development with a rooftop pool on the 1361sq m sloped-site for the Sydney-based developers.</p><p>It is, however, a staggered three-to-four-storey development, with two ground floor retail tenancies, seven large apartments and one level of basement parking.</p><p>This application follows the <a data-mce-href="https://www.theurbandeveloper.com/articles/tech-entrepreneur-disrupts-with-shop-top-development-proposal" href="https://www.theurbandeveloper.com/articles/tech-entrepreneur-disrupts-with-shop-top-development-proposal" target="_blank" rel="noopener">refusal nearby for tech rich-lister Robin Khuda</a> from AirTrunk who sought to amend a 2014 shoptop development on the other side of Barrenjoey House.</p><p>Multiple submissions were made against these plans, which were rejected in April. An appeal had been lodged.</p><p>It is yet to be seen if the community will be more supportive of IPM Property’s plans, which are a big change from the Lesiuk Architect designed application approved in 2010.</p><div id="3GDR67dsuCR2nXhlIqymjl"><picture><img src="//images.ctfassets.net/8pr762qjocl3/7wFobgcnd9eUAyekVMtArs/79dd6c4103746cba475842841a057685/Copy_of_Mid_article_resizes__56_.jpg" alt="Render of a modern shoptop apartment. It has lots of landscaping and bamboo-coloured elements. " data-mce-src="//images.ctfassets.net/8pr762qjocl3/7wFobgcnd9eUAyekVMtArs/79dd6c4103746cba475842841a057685/Copy_of_Mid_article_resizes__56_.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ The IPM Property development is two doors down from Barrenjoey House which was built in 1923. <br><br></span></div></div><p>There were also dozens of community submissions against the five-apartment-plus-commercial development by the Anastasopoulos family of similar scale.</p><p>Records show the family sold the site in mid-2021 for $12 million along with its newly renovated beach house, grocer, ferry ticket shop, retail business on the site.</p><p>“[There’s] superior design quality, amenity, streetscape, landscape, sustainability and heritage conservation outcomes compared to the shop top housing development approved by [then Pittwater] Council,” BBF Town Planners said in the new application.</p><p>“The proposed development is sympathetic to its context and hillside location and contemporary in its use of materials and forms in response to local climate and the seaside village character anticipated by the Palm Beach Locality Statement.”</p><div id="66CuZZWuPNosy2JpiVLkOc"><picture><img src="//images.ctfassets.net/8pr762qjocl3/1aogVW1eM8Su89MdrkL6g2/96a2fca66fcd812db182e572805a1396/Copy_of_Mid_article_resizes__58_.jpg" alt="A 2010 shoptop apartment design with black and green features and bougainvillaea. " data-mce-src="//images.ctfassets.net/8pr762qjocl3/1aogVW1eM8Su89MdrkL6g2/96a2fca66fcd812db182e572805a1396/Copy_of_Mid_article_resizes__58_.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ A render of the previous structure approved by Pittwater council.<br><br></span></div></div><p>Restaurants and businesses facing the Pitwater estuary and beachfront were heavily impacted by Covid and have remained vacant for the most part.</p><p>Northern Beaches Council was formed in 2016, combining Manly, Pittwater and Warringah councils.&nbsp;</p>

The battle to build shoptop housing next to Barrenjoey House continues with a new developer throwing their hat in the ring… 

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<p>The City of Melbourne's Future Melbourne Committee has provided its support for an application for the third and final stage of a significant mixed-use project in a blue-ribbon Melbourne suburb.</p><p>A vote to inform the minister of the Future Melbourne Committee's support for the project was carried unanimously at the recent committee meeting.&nbsp;</p><p>Victorian planning minister Sonya Kilkenny will now decide the future of the stage of the Younghusband project led by Ivanhoé Cambridge, Irongate, and Built.</p><p>Woods Bagot designed the plans for the project including this stage, which comprises a six-storey building on the 3961sq m site of the Younghusband Wool Store at 1-7 Elizabeth Street and 2-12 Barrett Street in Kensington.</p><p>The third stage would have office space above retail tenancies on the ground floor and lower ground floor, plus two levels of basement parking</p><p>There will be a new publicly accessible private plaza as part of the development.</p><p>“I particularly like the thoughfulness throughout the project that has gone into the open spaces and the urban realm that is available to the public,” City of Melbourne lord mayor Sally Capp said at the Future Melbourne Committee meeting.&nbsp;&nbsp;</p><p>It is expected to cost $70 million to develop, according to council records.</p><p>Irongate FM No 1 Pty Ltd is listed in the council records as the owner of the site.&nbsp;</p><p>Impact Investment Group bought the 15,754sq m site in late 2016 for $30.25 million.</p><p><a data-mce-href="https://www.theurbandeveloper.com/articles/younghusband-kensington-victoria-work-begins" href="https://www.theurbandeveloper.com/articles/younghusband-kensington-victoria-work-begins" target="_blank" rel="noopener">The first for the site is under construction </a>while the second involves conservation works for the significant heritage Wool Stores buildings, and new contemporary buildings and extensions near the rear of the Tallow Store. <a data-mce-href="https://www.theurbandeveloper.com/articles/iig-enters-next-stage-of-younghusband-woolstore-project" href="https://www.theurbandeveloper.com/articles/iig-enters-next-stage-of-younghusband-woolstore-project" target="_blank" rel="noopener">The second stage</a> is expected to cost $87 million.</p><div id="2iQzHCEEj5HuR3i8OJNcdP"><picture><img src="//images.ctfassets.net/8pr762qjocl3/3bdO1sFrLKEVzE3v6e5FGV/74e2122ca66ba7e3559cb209008aa93a/mid_article_image_younghusband_story.jpg" alt="Woods Bagot's design for the entire Younghusband Wool Stores site." data-mce-src="//images.ctfassets.net/8pr762qjocl3/3bdO1sFrLKEVzE3v6e5FGV/74e2122ca66ba7e3559cb209008aa93a/mid_article_image_younghusband_story.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ A render of the Woods Bagot design for the Younghusband Wool Stores site.<br><br></span></div></div><p>The council voted to notify the minister that it had no objections to the plans, provided certain conditions were adhered to.</p><p>These were that disability access compliant pathways were created for the plaza and a high-quality facade system was used.<br><br>Councillor Rohan Leppert noted that it was a high-quality application.</p><p>“It is exactly the kind of urban infill development that we want to see in the area,” Leppert said.&nbsp;</p>

The minister will have the final say on the stage 3 application for the Younghusband project now that the City of Melbourne council supports it…


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<p>Deicorp is ready to dig in at Hyde Park following the approval of its final plans for a 55-storey mixed-use tower in Sydney.</p><p>The Hyde Metropolitan project comprises 168 apartments and a six-level podium with retail, office and communal areas designed by Candalepas Associates.</p><p>Work on the 1593sq m site at 133-141 Liverpool Street, at the corner of Castlereagh Street, is scheduled to begin this month at a cost of works of $216 million.</p><p>The final go-ahead was made by the City of Sydney Central Sydney Planning Committee.&nbsp;</p><p>Deicorp founder Fouad Deiri said the design of the tower made the most of views of the CBD and Sydney Harbour.&nbsp;</p><p>“The Hyde Metropolitan will be one of the Sydney CBD’s landmark residential towers, located on the edge of the historic Hyde Park and emerging Tech Central precincts,” Deiri said.</p><p>Deciorp <a href="https://www.theurbandeveloper.com/articles/deicorp-polding-centre-development-sydney-transactions" target="_blank" rel="noopener" data-mce-href="https://www.theurbandeveloper.com/articles/deicorp-polding-centre-development-sydney-transactions">acquired the Polding Centre from the Catholic Archdiocese</a> of Sydney in 2021 for an undisclosed sum, with pre-approval for a 60-storey mixed-use tower on the site.</p><p>There were also plans in 2018 for a 70-storey residential tower and while the latest tower by Deicorp has fewer storeys, the building will still be 234 metres.</p><p>A 24-storey commercial building constructed in 1977 for the Commonwealth Bank will be demolished to make way for the tower.</p><div id="5zNwV6ZjkcEzUgFnhQCtPw"><picture><img src="//images.ctfassets.net/8pr762qjocl3/1CeMEdrf4VcboCrM8cq4tt/a47861e7ae5dde2ef1ca83523aa4cb0e/Copy_of_Mid_article_resizes__53_.jpg" alt="three images, one of a new tower overlooking Hyde Park Sydney, another of the view of the apartments and the final of a typical living room in the building." data-mce-src="//images.ctfassets.net/8pr762qjocl3/1CeMEdrf4VcboCrM8cq4tt/a47861e7ae5dde2ef1ca83523aa4cb0e/Copy_of_Mid_article_resizes__53_.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ A competitive design process managed by the City of Sydney chose Candalepas Associates as architect for Deicorp’s Hyde Metropolitan. </span></div></div><p><br>The <a href="https://www.theurbandeveloper.com/articles/candalepas-reimagines-hyde-park-south-on-second-tower-project" target="_blank" rel="noopener" data-mce-href="https://www.theurbandeveloper.com/articles/candalepas-reimagines-hyde-park-south-on-second-tower-project">Candalepas design includes </a>four levels of A-grade office space, ground-floor retail, a courtyard garden and a communal floor for the building’s residents, which includes gymnasium, day spa and pool.</p><p>The building will have one, two and three-bedroom apartments, and will include homes with 2.9m ceilings and full-height glazing.</p><p>Upper-level homes will have their own private foyer and lift access.</p><p>The ground level will become home to a high-end restaurant and bar.</p><p>The privately owned builder-developer also filed plans this month for a <a data-mce-href="https://www.theurbandeveloper.com/articles/deicorp-rhodes-sydney-residential-high-rise-da" href="https://www.theurbandeveloper.com/articles/deicorp-rhodes-sydney-residential-high-rise-da" target="_blank">32-storey residential tower</a> overlooking the Parramatta River in Sydney’s western suburbs.</p>

Builder-developer Deicorp is getting ready to dig in at Hyde Park following the approval of its final plans for a 55-storey mixed-use tower in Sydney…

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<p>Three hotels, 8000 homes, a casino, a 310-berth marina, three shopping centres, parkland and a “modern monument” are all planned for the largest development in Greek history.</p><p>The Ellinikon is being touted as “Europe’s first smart-city” and representing a new chapter for Athens through the urban regeneration of the airport and coastline.</p><p>The 6.2-million-square-metre mega-project is predicted to attract a million tourists per year and generate €14 billion in incremental state revenues.</p><p>LAMDA Development SA is behind the project and paid €300 million to the Greek state plus submitted a letter of guarantee of €347 million for the site in 2021.</p><div id="6NihYEo4vD4My4vN6RhKpB"><picture><img src="//images.ctfassets.net/8pr762qjocl3/1LmvVi8BE2Y3pYxGFiu4jJ/820fc1f5f27135997c00a671b9554c4c/DBOX_LAMDA_The-Ellinikon_Masterp.jpeg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/1LmvVi8BE2Y3pYxGFiu4jJ/820fc1f5f27135997c00a671b9554c4c/DBOX_LAMDA_The-Ellinikon_Masterp.jpeg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ An aerial concept image of The Ellinikon, the largest development proposed in Greek history. <br><br></span></div></div><p>The developer is expecting to take five years to complete the first phase of the project “either on its own or through partnerships-joint ventures with third-party investors”.</p><p>TEMES Group has signed on for the joint development of two of the luxury hotels and residential buildings, while Brook Lane Capital has a framework agreement to develop a mixed-use tower in the commercial hub of the precinct.&nbsp;</p><p>The majority stake of LAMDA Development is held by the Latsis Group.</p><p>The Ellinikon would contribute about 2.5 per cent of Greece’s GDP and is in the Athenian Riviera, south-east of the city, between the Aegean Sea and Mount Hymettus.</p><p>It would also provide the “world’s largest” coastal park and athletic precinct, spanning two million square metres with 50km of walkways and cycling paths.&nbsp;</p><div id="carousel-root" data-reactroot=""><image-carousel-remove-button><div class="rm-carousel-wrapper"><button id="rm-carousel" class="rm-carousel-btn">Delete</button></div></image-carousel-remove-button><div class="slider-wrap"><image-carousel><div class="slider-el"><img style="height: 100%;" title="The-Ellinikon-Commercial-Hub.jpeg" src="http://images.ctfassets.net/8pr762qjocl3/2FYLQtOtHKXpvLVXyRV42U/ab8714125696ed97d12687a88e5d3fb7/The-Ellinikon-Commercial-Hub.jpeg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/2FYLQtOtHKXpvLVXyRV42U/ab8714125696ed97d12687a88e5d3fb7/The-Ellinikon-Commercial-Hub.jpeg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="athens1.jpeg" src="http://images.ctfassets.net/8pr762qjocl3/1s9e62GqsudmfamqOVrnNI/b142f54bd37130e354b9992676f4f45d/athens1.jpeg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/1s9e62GqsudmfamqOVrnNI/b142f54bd37130e354b9992676f4f45d/athens1.jpeg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="dbox_fp_mrt_tower-hero-dusk610C4.jpeg" src="http://images.ctfassets.net/8pr762qjocl3/679HUyPWu0nxveTzIKE8Ik/1dfc3dc2e3ff2250ada9c15e1de20549/dbox_fp_mrt_tower-hero-dusk610C4.jpeg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/679HUyPWu0nxveTzIKE8Ik/1dfc3dc2e3ff2250ada9c15e1de20549/dbox_fp_mrt_tower-hero-dusk610C4.jpeg" data-mce-style="height: 100%;"></div></image-carousel></div></div><p><br>Among the amenities planned for the city that hosted the first modern Olympics are 20 tennis courts, six training halls, three Olympic pools, six soccer pitches, six track and field venues, a rehabilitation facility and a variety of indoor courts.</p><p>An airplane hangar would be transformed into a cultural centre spanning 4800sq m and to be designated as a modern Monument by the Greek Ministry of Culture.</p><p>The tech-powered, 15-minute smart city would also be a sustainable region, doubling Athen’s greenspace per capita.&nbsp;</p><div id="carousel-root" data-reactroot=""><image-carousel-remove-button><div class="rm-carousel-wrapper"><button id="rm-carousel" class="rm-carousel-btn">Delete</button></div></image-carousel-remove-button><div class="slider-wrap"><image-carousel><div class="slider-el"><img style="height: 100%;" title="Coastal-Front2.jpeg" src="http://images.ctfassets.net/8pr762qjocl3/mY04t96V1GkNKL0c7u4EA/045b8da6c92966f3de3c0da5d2bc4ae8/Coastal-Front2.jpeg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/mY04t96V1GkNKL0c7u4EA/045b8da6c92966f3de3c0da5d2bc4ae8/Coastal-Front2.jpeg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Riviera-Galleria2.jpeg" src="http://images.ctfassets.net/8pr762qjocl3/Jx1hgpMv7sYxaxklGoY8t/ec482b60e1e30cd8b14a3f791992dc17/Riviera-Galleria2.jpeg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/Jx1hgpMv7sYxaxklGoY8t/ec482b60e1e30cd8b14a3f791992dc17/Riviera-Galleria2.jpeg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Riviera-Tower.jpeg" src="http://images.ctfassets.net/8pr762qjocl3/3oxPcrNPXxZf97OnzJxTyX/975a2ed1dcad213a35981fd8b16c9c67/Riviera-Tower.jpeg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/3oxPcrNPXxZf97OnzJxTyX/975a2ed1dcad213a35981fd8b16c9c67/Riviera-Tower.jpeg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Ellinikon-Residential-Units3.jpeg" src="http://images.ctfassets.net/8pr762qjocl3/43mtcAe5oTeUUlCE22TSg1/709abadaadb0c9c3baddccdc6eda09a7/Ellinikon-Residential-Units3.jpeg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/43mtcAe5oTeUUlCE22TSg1/709abadaadb0c9c3baddccdc6eda09a7/Ellinikon-Residential-Units3.jpeg" data-mce-style="height: 100%;"></div></image-carousel></div></div><p><br>Also planned are advanced anti-flooding measures and an underground wastewater treatment facility to combat future climate conditions.</p><p>Architecture firms Kengo Kuma and Associates, Foster and Partners, Aedas, Sasaki and Doxiadis Associates have signed on to the project.</p><p>Other international companies involved include AFRY, smart solutions; ARUP and Buro Happold, engineering; Hard Rock, hospitality; Hills International, consulting; Intrakat and Bouygues, and joint-venture construction management; as well as Jacobs Engineering Group and Mace Group.</p><p><span class="mce-preview-object mce-object-iframe" contenteditable="false" data-mce-object="iframe" data-mce-p-allowfullscreen="allowfullscreen" data-mce-p-src="https://www.youtube.com/embed/RmwIap4zwMU?si=t1VD08Iv6briKVRe"><iframe src="https://www.youtube.com/embed/RmwIap4zwMU?si=t1VD08Iv6briKVRe" width="560" height="314" frameborder="0" allowfullscreen="allowfullscreen" data-mce-src="https://www.youtube.com/embed/RmwIap4zwMU?si=t1VD08Iv6briKVRe"></iframe><span class="mce-shim"></span></span></p>

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<p>A planning application has been filed for two sites in the Victorian Alps after the state government’s call for development ideas at Mt Hotham.</p><p>The application lodged with the Victorian Department of Transport and Planning lists two sites, 24 and 34A Great Alpine Road in Hotham Heights.</p><p>Both are within the Hotham Central Precinct in the Mt Hotham Masterplan, according to the website of the Mt Hotham Resort Management Board, which is the statutory authority for the masterplan.&nbsp;</p><p>Albury-based Habitat Planning has filed plans for a four-storey, mixed-use building with basement car parking, retail premises, restaurant, function centre and office space.</p><p>A visitor centre or transit lounge is also part of the proposal as well as 27 car parking spaces.</p><p><a data-mce-href="https://www.theurbandeveloper.com/articles/mt-hotham-masterplan-snowfields-land-release" href="https://www.theurbandeveloper.com/articles/mt-hotham-masterplan-snowfields-land-release" target="_blank" rel="noopener">Last year the Victorian government opened a tender process</a> for developers to submit bids to develop one or more of four lots in the precinct.</p><div id="carousel-root" data-reactroot=""><image-carousel-remove-button><div class="rm-carousel-wrapper"><button id="rm-carousel" class="rm-carousel-btn">Delete</button></div></image-carousel-remove-button><div class="slider-wrap"><image-carousel><div class="slider-el"><img style="height: 100%;" title="2.jpg" src="http://images.ctfassets.net/8pr762qjocl3/4AoYoRFOZHf2WHLykIZUue/7eddcf6658357f61f86b3833538f7459/2.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/4AoYoRFOZHf2WHLykIZUue/7eddcf6658357f61f86b3833538f7459/2.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="1.jpg" src="http://images.ctfassets.net/8pr762qjocl3/20Rxl0cbGbB4TNjxJIRkbB/e657877f9327efe66d4730e49c39a527/1.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/20Rxl0cbGbB4TNjxJIRkbB/e657877f9327efe66d4730e49c39a527/1.jpg" data-mce-style="height: 100%;"></div></image-carousel></div></div><p><br>Uses allowed include residential, hotel, retail, food and beverage and recreational.</p><p>The government said that it was keen to have a medical centre as part of the plans for one of the lots.&nbsp;</p><p>Hotham Central Precinct is one of five key precincts in the Mt Hotham Masterplan.&nbsp;</p><p>All developments are to result in long-term leases for the developers once the projects are completed and the land would remain leasehold crown land.&nbsp;</p><p>The Mt Hotham Resort Management Board is developing a site outside the tender process for a four-storey public building with office space, public facilities and other commercial services.&nbsp;</p><p><em>The Urban Developer</em> contacted the board for comment.</p>

After the Hotham Heights Central Precinct tender processes opened last year, an application has now been filed for the same area in Victoria’s snowfields…


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<p>Two new levies have been introduced on development in one of Melbourne’s growth regions.</p><p>Home to high-end retail and tightly held office and residential lots, the City of Stonnington council’s Development Contributions Plan Overlay has been approved.</p><p>The city made the request for an overlay via an amendment to the Stonnington Planning Scheme, citing the growing population within the municipality as why it was needed.&nbsp;</p><p>A development levy and a community infrastructure levy will now be imposed on new development to help pay for new and upgraded infrastructure for the city’s growing population.&nbsp;</p><p>The overlay will cover all land within the City of Stonnington and affects new residential, retail, commercial and industrial development.</p><p>There will be exemptions for some types of development considered not to increase the demand on infrastructure and services.</p><p>Land developed for non-government schools or housing involving the Department of Health and Human Services will also be exempt.</p><p>Stonnington’s limits run from the eastern end of Punt Road to the western end of Warrigal Road with the Yarra River as its northern boundary and Dandenong Road as its southern boundary.</p><p>“The plan will provide certainty for the council, developers and the broader community about how and to what extent new residential, retail, commercial and industrial developments will be levied to ensure the necessary infrastructure is delivered in a timely manner,” the Victorian Department of Transport and Planning said in its report on the amendment.</p><p>“The plan will further reduce the uncertainty and resource requirements associated with the current case-by-case voluntary agreements for contributions between Council and proponents.”</p><p>The council plans to use funds generated to improve open space, sustainable transport, public realm and drainage infrastructure.<br></p><p>Development activity is picking up within the municipality including projects at <a data-mce-href="https://www.theurbandeveloper.com/articles/chh-property-toorak-boutique-residential-plans-amendments-filed" href="https://www.theurbandeveloper.com/articles/chh-property-toorak-boutique-residential-plans-amendments-filed" target="_blank" rel="noopener">Toorak </a>and <a data-mce-href="https://www.theurbandeveloper.com/articles/alfasi-breaks-ground-south-yarra-speculative-office-build" href="https://www.theurbandeveloper.com/articles/alfasi-breaks-ground-south-yarra-speculative-office-build" target="_blank" rel="noopener">South Yarra</a>.</p>

The planning minister has approved adding a new planning overlay for a key suburb with tightly held retail, office and residential properties…


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<p>The supermarket-turned-developer trend continues with the latest shoptop precinct by a grocer proposed at Neutral Bay.</p><p>Coles Group Property Developments has lodged plans for a four-stage precinct at 41-53 Grosvenor Street in the North Sydney suburb on what was formerly a Woolworths site.</p><p>With Titanium Property Investment, Coles commissioned SJB Architects to design the seven-storey tiered mixed-use site.&nbsp;</p><p>Six storeys of apartments will be built over the 3429sq m of retail space if the development is approved.</p><p>The residential component will offer 72 apartments, 11 one-bedrooms, 27 two-bedroom units, 30 three-bedroom and 4 four-bedroom apartments.</p><p>Coles said that attempts to redevelop the site had been ongoing since it was identified as the Grosevenor Lane Car Park Precinct in 2014, but “due to a range of commercial, financial and other circumstances, this vision has not been able to be realised over the past decade”.&nbsp;</p><p>The latest plans submitted to North Sydney Council propose the demolition of existing structures and the construction of a seven-storey housing development with a supermarket, liquor store and retail premises on the ground floor.&nbsp;</p><p>The proposed development will surround a public plaza and will also deliver four levels of underground basement parking, with 267 spaces available to the public and the remainder of the 351 spots for private residents.&nbsp;</p><div id="1OprUoo0pKhUeIbOeMCSrZ"><picture><img src="//images.ctfassets.net/8pr762qjocl3/2jR0TcZy4AE76nu1KAW2uK/a2209f4b338ac992c25ceb46c782e506/Coles_New_Site.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/2jR0TcZy4AE76nu1KAW2uK/a2209f4b338ac992c25ceb46c782e506/Coles_New_Site.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ Coles is spending an estimated $169 million to build the Neutral Bay precinct. </span></div></div><p><br>Coles proposed a stepped building to minimise the overshadowing of the planned plaza and promised to design, construct and fund the construction on a public plaza on council land, including public domain improvements to Grosvenor Lane.</p><p>It is the latest supermarket development project as Coles and Woolies vie for development space.</p><p>“Supermarkets have played in this development space, intermittently, over the years but more recently they seem to be more directly engaged,” Robert Papaleo, Colliers national director for build-to-rent <a data-mce-href="https://www.theurbandeveloper.com/articles/woolworths-coles-development-new-era" href="https://www.theurbandeveloper.com/articles/woolworths-coles-development-new-era" target="_blank" rel="noopener">told <em>The Urban Developer</em></a>.</p><p>Elsewhere, Fabcot, the development arm of supermarket giant Woolworths, launched plans for a <a data-mce-href="https://www.theurbandeveloper.com/articles/woolworths-fabcot-retail-centre-austral-sydney" href="https://www.theurbandeveloper.com/articles/woolworths-fabcot-retail-centre-austral-sydney" target="_blank" rel="noopener">new retail precinct in a suburb of Liverpool</a>, south-west of Sydney, this year.</p>

The supermarket-turned-developer trend continues with the latest shoptop precinct in Neutral Bay.

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<p>A project proposed for the Fishermans Bend Precinct has been approved with an amendment to the Port Phillip Planning Scheme after it was deemed that a planning permit application was not possible.&nbsp;</p><p>FR Investments Group Pty Ltd submitted an application to the Victorian department of transport and planning for an amendment to the planning scheme in April, 2022.&nbsp;</p><p>Victorian planning minister Sonya Kilkenny gave the go-ahead.</p><p>The 2746sq m site at 276-284 Ingles Street in Port Melbourne was the home of Winfield Automotive Services for 31 years prior to its sale in March, 2020 for $7.95 million, according to CoreLogic property records.</p><p>It is within the Fishermans Bend Precinct Structure Plan with no height restrictions.&nbsp;</p><p>The application was for the demolition of the existing buildings on the site and the use and development of a multi-storey mixed-use building with retail, office and residential uses.</p><p>According to City of Port Phillip council documents, in April 2022 Urbis on behalf of FR Investments Group specifically applied for a part 53, 55 and 56-storey tower with a four-storey podium and two basement levels.&nbsp;</p><p>It comprises 389 apartments, 8693sq m of commercial office space and 2088sq m of retail space.</p><p>Studio Kristen Whittle designed the plans for the tower.&nbsp;</p><div id="6MmtBtt6krhm5gfnwDqxLA"><picture><img src="//images.ctfassets.net/8pr762qjocl3/2Kdt24C6nXGIrAgpRHDb9P/551829b2890b765210cf3357b85442cc/closeup_of_podium_for_proposed_tower_on_ingles_street_mid.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/2Kdt24C6nXGIrAgpRHDb9P/551829b2890b765210cf3357b85442cc/closeup_of_podium_for_proposed_tower_on_ingles_street_mid.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ A render of the Studio Kristen Whittle-designed tower proposed for the 2746sq m site at 276-284 Ingles Street, Port Melbourne.<br><br></span></div></div><p>The explanatory report from the Department of Transport and Planning said that amendment was needed to change a site-specific control so redevelopment could occur at the site.</p><p>Planning permits cannot be granted for the site as an Infrastructure Contributions Plan has not been approved as set out in the Infrastructure Contributions Overlay.</p><p>An infrastructure contributions system is being drafted by the Fishermans Bend Taskforce within the department.</p><p>“This amendment provides a pathway for development approvals within Fishermans Bend, in a timely manner, in accordance with the vision of Fishermans Bend Framework 2018, while an Infrastructure Contributions Plan is being prepared,” the report said.</p><p>ASIC records list Fernanda Ramos as the director of FR Investments Group Pty Ltd.</p><p><em>The Urban Developer</em> contacted Urbis for comment.</p><p>Several developers are planning projects within Fishermans Bend including <a data-mce-href="https://www.theurbandeveloper.com/articles/gamuda-melbourne-fishermans-bend-tower-approved" href="https://www.theurbandeveloper.com/articles/gamuda-melbourne-fishermans-bend-tower-approved" target="_blank" rel="noopener">Gamuda</a>, <a data-mce-href="https://www.theurbandeveloper.com/articles/cdl-build-to-rent-australia-melbourne-brisbane" href="https://www.theurbandeveloper.com/articles/cdl-build-to-rent-australia-melbourne-brisbane" target="_blank" rel="noopener">CDL</a> and <a data-mce-href="https://www.theurbandeveloper.com/articles/greystar-build-to-rent-melbourne-site-acquisitions" href="https://www.theurbandeveloper.com/articles/greystar-build-to-rent-melbourne-site-acquisitions" target="_blank" rel="noopener">Greystar</a>.&nbsp;</p>

Plans for a stacked tower reaching up to 56 storeys with almost 390 apartments in Melbourne’s Fishermans Bend are a step closer to reality…


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<p>Nothing across the spectrum of Australia’s challenged property development sector is business as usual anymore … and that’s not necessarily a bad thing.</p><p>A case in point is the collaboration by major landowners and developers to create a precinct vision for a suburban dot on the map in Queensland’s fast-growing south-east corner.</p><p>But it is not what has been proposed in the 32-page suburban renewal blueprint for Stones Corner—one of Brisbane’s smallest suburbs—that is of most significance.</p><p>Rather, it is the unique way in which it has come together without local council carrot-and-stick planning initiatives.&nbsp;</p><p>Turning that traditionally government-led process on its head, it has opened the door to a new unified market-led precinct visioning approach that aligns landowners’ development aspirations with the delivery of better urbanity.</p><p>And the crucial common ground has been simply the desire by stakeholders “to do good things”. Specifically, in the case of Stones Corner, to catalyse the long overdue renewal of a once-thriving but now stagnant suburban village just 3km south of the Brisbane CBD.</p><p>But perhaps most significant of all has been the willingness by local property players to put aside their competitive instincts and reveal the development trump cards they usually keep close to their chests.</p><p>How many times has that happened before?</p><p>“Never … I can’t think of one,” says Suburban Futures director Ross Elliott, who also chairs Brisbane City Council’s Better Suburbs Initiative.<br></p><div id="015D7k59HaxVazLNLlywM1"><picture><img src="//images.ctfassets.net/8pr762qjocl3/2NjJWoTthAE7ZqVUGpNZvy/af22bf9349c4ac03bb9d802b9a5d7e73/2.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/2NjJWoTthAE7ZqVUGpNZvy/af22bf9349c4ac03bb9d802b9a5d7e73/2.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ A render from the Stones Corner precinct vision document. Main image: Stones Corner today. Image: Our Stones Corner/Facebook<br><br></span></div></div><p>“That’s the unique thing about this, the developers who would normally regard each other as competitors have co-operated without being told to.</p><p>“They have realised the collective benefit of working together and sharing a future vision is worth more than hiding details from each other.</p><p>“That, to me, is a really refreshing change … it’s exciting and, I mean, we should be doing more of this.”</p><p>Leading Brisbane-based architect Peter Edwards not only agrees but is already replicating the collaborative strategy with landowners in other precincts in Brisbane.</p><p>It was his firm Archipelago and its team of urban designers who got the call late last year from Stones Corner stakeholders to help create a precinct vision.</p><p>Working with 16 major landowners—representing almost 50 per cent of the holdings in the precinct—it putting together the Stones Corner Precinct Suburban Renewal Opportunity.</p><p>“As opposed to council creating a vision for a precinct and then implementing it through some planning overlays and using a variety of carrots and sticks to corral landowners in a particular direction, this is the landowners coming together to establish the vision and be the force of leadership in effectively driving the urban renewal of a significant precinct within the city.”</p><p>Edwards says other landowners need to take heed.</p><p>“They should take note that this is a bellwether for a new way of doing things moving forward … to gather together with other landowners, stop treating them like they’re your competitor, start treating them like they're your colleague and supporter, and work together to establish some leadership in the renewal of these important precincts.</p><p>“And we will all get a much better result.”</p><div id="3iInzl4h0wNAAf4EIeuR4j"><picture><img src="//images.ctfassets.net/8pr762qjocl3/3j22w1kESnfMuVuXfaBSVi/bc838aeb9bf06350db80e69355f22c45/6.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/3j22w1kESnfMuVuXfaBSVi/bc838aeb9bf06350db80e69355f22c45/6.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ Architect Peter Edwards from Archipelago, DeMartini Fletcher development manager John Lunney and Suburban Futures director Ross Elliott.<br><br></span></div></div><p>The Stones Corner precinct renewal vision has already been submitted as a supporting document for one major development application and it is expected others will follow.</p><p>Developer Stockwell used it to inform the concept planning for the proposed redevelopment of its Stones Corner Village retail centre.</p><p>Spanning one of the precinct’s largest landholdings—a 5709sq m site at 405 Logan Road—it is earmarked for a mixed-use development comprising two towers of 14 and 16 storeys accommodating 209 apartments above a common podium with retail and dining tenancies providing an activated frontage.</p><p>Edwards says to allow for “good things to happen … it’s really just about everyone slipping themselves into the shoes of the other stakeholders for a moment”.&nbsp;</p><p>“That’s what this process has really done very successfully because it does demonstrate a positive and aligned future for Stones Corner, which can be facilitated by significant investment by incumbent landowners and complemented by some potential strategic investment by the council.”</p><p>He says developers are becoming much more mature in understanding the benefits of planning beyond the edge of their own property boundaries.</p><p>“You need to have a masterplan that reaches outside of your site, grabs value and pulls it into your site. And that is a two-way transaction. You may well choose to do things that sets up benefits that will go outside of the boundaries of your site and to the public and to your neighbours. But you'll get benefit back to you as well.</p><p>“That's a city making mindset and not all developers have that. But there's certainly a growing maturity in the development community that realises the value of that.”</p><p>Elliott says Brisbane has spent the past 30 years doing a great job of renewing its inner-city precincts but at the same time it has “done very little about renewing its suburban precincts”.</p><p>“We recognise that these places have to change.</p><div id="17BptuLC6q4EImFadTBLod"><picture><img src="//images.ctfassets.net/8pr762qjocl3/6kHLOf2gAxMWN4gIErBo3k/b3fd9d5e75a2bf7694f3f5191e33fbf6/3.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/6kHLOf2gAxMWN4gIErBo3k/b3fd9d5e75a2bf7694f3f5191e33fbf6/3.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ A render from the Stones Corner precinct vision document.<br><br></span></div></div><p>“But if we go forward on a site-by-site and DA-by-DA basis, the community—and even the council assessment people—don't get a sense of where this it’s all heading and what it’s going to look like.</p><p>“So, I think if everyone shares a similar view about the future of a precinct, then collaborating is a terrific result … and the community is going to feel a lot more confident about where a lot of this change is going and what it's actually going to mean.</p><p>“And at the end of the day, it’s private money that’s going to do it. It’s only developers who are going to make that difference.”</p><p>The genesis of the Stones Corner collaboration was the council’s $20-million transformation of nearby Hanlon Park from a concrete stormwater drain into a natural creek and popular recreational area. It got landowners thinking about how that infrastructure investment could be leveraged to reinvigorate the tired village.&nbsp;</p><p>Local developer DeMartini Fletcher has been an early mover in the precinct, recently completing a major renovation of the landmark 1930s Art Deco-style Penney’s Building at 357 Logan Road.</p><p>The heritage-listed brick building, formerly a retail store, has been restored and adaptively reused as office space.&nbsp;</p><p>DeMartini Fletcher development manager John Lunney says the collaboration by the Stones Corner precinct’s stakeholders to drive the vision-led renewal strategy has been “seamless”.</p><p>“Basically, the suburb has been a sleeping giant,” he says.</p><div id="7BvLtEqPSfW7gyBBuuHUv4"><picture><img src="//images.ctfassets.net/8pr762qjocl3/1kjt0hDjTm3dIbhBKp79ZC/da2f22a3500931876c1608a73e48f1ea/5.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/1kjt0hDjTm3dIbhBKp79ZC/da2f22a3500931876c1608a73e48f1ea/5.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ The Penneys building on Logan Road: DeMartini Fletcher has restored the building and converted it to office space. <br><br></span></div></div><p>“But it appears like it has finally turned the corner in terms of the ownership profiles, changing from those generational holders to more active and progressive ownership.</p><p>“It seems to have hit the radar of a lot of developers and we’re seeing an influx of DAs.</p><p>“We’ve got three assets in the suburb and we’ve always seen a lot of potential in Stones Corner … it’s got a great proximity to the city, it’s on that Olympic corridor through to the Gabba and it's got all the key ingredients for urban renewal.</p><p>“It has just needed those like-minded individuals to put the shoulder to the wheel and make it happen.”</p><p>Elliott is quick to point out, however, that although the vision-led renewal strategy “does kind of flip things on a head … it has no authority, it has no regulatory impact at all”.</p><p>“It’s an engagement document, for want of a better word.”</p><p>Nevertheless, he also notes that the council’s neighbourhood plan for Stones Corner is nearly 15-years-old.</p><p>“It predates Covid. It predates Hanlon Park. It predates all of the investment that’s gone on nearby in terms of the PA Hospital and Ecosciences precincts. It no longer reflects the opportunity that’s there.</p><div id="2SK7JHPgULGd84OjvMcNNy"><picture><img src="//images.ctfassets.net/8pr762qjocl3/fra0IMmsAK2e6uIihjjn8/b5482747e01992f25b4e396ea1d6b812/1.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/fra0IMmsAK2e6uIihjjn8/b5482747e01992f25b4e396ea1d6b812/1.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ The unified precinct vision for Stones Corner is “an important precedent … opening the door for innovation and renewal leadership from landowners”.<br><br></span></div></div><p>“And you’d have to say, if that regulatory instrument had been any good, how is it then that Stones Corner has languished for the past 10 to 15 years?”</p><p>Elliott says people are fed up with the semi-adversarial business-as-usual approach to planning.</p><p>“The other thing, too, is if you look at what’s been laid out in that draft SEQ Regional Plan and the growth that they’re expecting—business-as-usual is just not going to deliver it.”</p><p>“It's just going to be incapable of keeping up,” he says. “So we're going to have to look at more innovative market-led engagement opportunities like this.”</p><p>One of the fastest growing regions in the country, it is forecast south-east Queensland will need to accommodate an additional 2.2 million residents during the next two decades.&nbsp; By 2046, it is estimated it will have become home to a total of six million people, surpassing the current population of Greater Sydney.</p><p>Archipelago’s Peter Edwards says massive change is coming and “it can be a thing that happens to us or it can be a thing that happens for us”.</p><p>“We shouldn't be afraid of change because if we grab it as a positive force it's an enormous opportunity for us to do good things really well and get great outcomes.”</p><p>Edwards says the advocacy and alignment from landowners to establish a unifying urban vision at Stones Corner is the kind of initiative that will be needed going forward.</p><p>The collaborative vision-led approach, he says, is already being seen at a local government level as “an important precedent … opening the door for innovation and leadership to come from landowners”.</p><p>Meanwhile, he and his Archipelago team have got between 10,000 and 15,000 residences on their drawing boards.</p><p>And therein—given the prevailing headwinds in the development sector—lies another imperative for innovation “in terms of how on earth we’re going to build them”, Edwards says.</p><p>“So we're going to find some exciting building and development innovations are going to come to us via necessity in the next five years.”<br><br></p><hr><p><strong><br>You are currently experiencing <em>The Urban Developer</em> Plus (TUD+), our premium membership for property professionals. </strong><a href="https://www.theurbandeveloper.com/membership-plans" data-mce-href="https://www.theurbandeveloper.com/membership-plans"><strong>Click here to learn more.</strong></a></p><div id="2GhuueZl01Zwo2aFfjNVi2"><picture><img src="//images.ctfassets.net/8pr762qjocl3/12UMq5eMSEOh0QxJVBYaDt/d7507cf4ceb1365cc9ce7eaff84d06cc/tud___banner.jpg" alt="TUD + Banner" data-mce-src="//images.ctfassets.net/8pr762qjocl3/12UMq5eMSEOh0QxJVBYaDt/d7507cf4ceb1365cc9ce7eaff84d06cc/tud___banner.jpg"></picture></div>

Developers at Stones Corner are leading the way on a long-overdue renewal of the Brisbane suburb—and their approach is winning fans…

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