Mirvac 200 Turbot Street Brisbane

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Listed developer Mirvac has lodged plans for a $670-million commercial tower in Brisbane’s CBD.</p><p>In a sign of the developer’s confidence, Mirvac plans to build a 29-storey, A-grade office tower across an amalgamated site fronting Turbot Street.</p><p>The site holds frontages to Turbot Street, Wickham Terrace and Albert Street and, at 8900sq m, is one the largest in Brisbane’s CBD.</p><p>It is currently occupied by three existing buildings: the three-storey heritage-listed Dental Hospital Brisbane and College at 168 Turbot Street, and a four-storey commercial building at 200 Turbot Street with an adjoining two-storey annex.</p><p>The combined site occupies an elevated position overlooking the Brisbane CBD and is flanked by King Edward park and adjoins the proposed site of the future Brisbane Live entertainment precinct.</p><p>The Neo Georgian-styled dental college will be retained in its current form with Mirvac’s application not including any adaptive reuse of the building while the commercial buildings at 200 Turbot Street have been approved for demolition by Brisbane City Council.</p><p>An existing elevated pedestrian bridge between the dental college and the commercial buildings will also be removed.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/42c19994-b9e2-4f78-851b-ba0a3f1b036f.jpg" width="1200"/></picture><div><span style="align-content:center;opacity:0.8">▲ The 5-Star Green Star tower will feature a series of public landscaped terraces and a dual podium, opening up public access from Turbot Street to King Edward and Wickham Parks. Image: Blight Rayner</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Architecture firm Blight Rayner has designed the mixed-use commercial development, which if approved, will offer 66,000sq m of office space across large floorplates.</p><p>It will also include 6000sq m of open space, 170 car parks and 745 bicycle parking bays.</p><p>In December 2020, the state government, which owned both sites, announced a conditional agreement with Mirvac, with the developer entering a put and call option agreement to acquire the site. </p><p>The agreement provides Mirvac with a three-year option period to secure a leasing pre-commitment for a new office tower proposed on the site.</p><p>Mirvac chief investment officer Brett Draffen said that the agreement had enabled Mirvac to develop a world-class workplace precinct that would enhance the quality of the group’s office portfolio under a capital-efficient structure that minimises risk.</p><p>“[This development] is one of a series of city shaping projects [Mirvac is undertaking in Brisbane] that will contribute to the evolution and enrichment of the urban landscape, as well as the economic vitality of the city,” Draffen said. </p><p>“Mirvac is well placed to work with the state government, Brisbane City Council and our future occupants to co-create a next generation workplace that responds to the needs of a post-Covid-19 workforce as well as the wider community of Brisbane.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/8e0938aa-962b-4b39-9f65-b9936cffe2d4.jpg" width="960"/></picture><div><span style="align-content:center;opacity:0.8">▲ View from 168 Turbot Street (top middle), view from King Edward Park (bottom left), plaza and entry (bottom right). Image: Blight Rayner</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The project, which will support around 360 construction jobs over its three year construction timeline, will be located one city block from Mirvac’s $836-million office development at <a href="https://www.theurbandeveloper.com/articles/mirvac-continues-office-push-breaking-ground-on-brisbanes-healthiest-tower">80 Ann Street</a>.</p><p>The similarly positioned 60,000sq m premium-grade office building will be anchored by Suncorp after securing a 10-year pre-commitment.</p><p>Mirvac acquired that 5500sq m site between Turbot and Ann streets next to Brisbane City Hall from Singaporean group Wee Hur for $79 million in late 2017. </p><p>Similarly, in a nod to the heritage of the site that once housed the Brisbane Fruit Market, Mirvac is planning a 1100sq m retail offering on the ground floor that would include a market place and market laneway.</p><p>Mirvac’s continued push into the office sector has now made it Australia’s second-largest office manager; with more than $15 billion of assets under management, as it attempts to close the gap on Charter Hall and Dexus.</p><p>In December, Dexus’ $2.1-billion Waterfront office development on Eagle Street, comprising two towers to stand 49-storeys and 43-storeys, was given the nod.</p><p>The expansive Eagle Street Pier and waterfront place precinct, designed by FJMT and Arkhefield, is slated to start work in 2022 with the first tower expected to be <a href="https://www.theurbandeveloper.com/articles/brisbane-approves-waterfront-developments">completed in 2026</a>.</p><p>In Melbourne, Mirvac recently put it an application for its site at 383 La Trobe Street, where it is planning to create a commercial precinct with 44,000sq m of A-Grade office space over 31 levels.</p><p>The company has also lodged a second development application at 55 Pitt Street in Sydney, proposing an additional 10,000sq m of office space for its ambitious $600-million, 56-storey tower.</p></div></div></div></div></div>

Listed developer Mirvac has lodged plans for a $670-million commercial tower in Brisbane’s CBD...

Melbourne Top 20 Development Projects

From Australia's tallest building to the city-shaping metro tunnel here are Melbourne's major development projects... 

Hat Factory Fire.jpg

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>UPDATE:</strong> A former hat factory at 13 Randle Street in Sydney’s ragtraders suburb of Surry Hills is ablaze with up to 20 fire trucks in attendance.&nbsp;</p><p>Superintendent Adam Dewberry reported, “The fire took hold quickly in a seven-storey building on Randle Street in Surry Hills shortly after four this afternoon”.</p><p>“The fire has destroyed the building with parts of the walls falling on to nearby cars adjacent to central railway … crews had to put out spot fires on nearby home unit balconies.”</p><p>The superintendent said the fire had started on Level 3, but it was not clear how.&nbsp;</p><p>Landowner Hanave Pty Ltd’s Rob Burke had approved plans to demolish buildings on 7-9 and 15 Randle Street, retaining the hat factory at 11-13 Randle Street to build a 9-storey hotel with 123 rooms and two restaurants at a cost of $40 million.&nbsp;</p><p>The solicitor’s plans were approved two years ago, but <em>The Urban Developer</em> understands no work had been undertaken on site.&nbsp;</p><p>The heritage-listed seven-storey building that is currently ablaze was the former factory of ladies hat manufacturers RC Henderson.</p><p>The proposed development was to include two new infill buildings at 7‐9 Randle Street and 15 Randle Street with floor levels to match the seven-storey heritage factory as well as a two storey rooftop addition. The new adjoining buildings would retain the factory’s masonry facade.</p><p>The Tonkin Zulaikha Greer-designed hotel had been cleverly dubbed The Hat Hotel.</p><p>According to approved plans with the City of Sydney Council, the main timber staircase, timber lift and lift shaft and ground floor timber flooring were to be preserved and exposed.&nbsp;</p><p>City of Sydney mayor Clover Moore took to instagram to say she was also “watching the aggressive fire take hold of a building in Surry Hills”.</p><p>“The building appears to have been completely engulfed with flames,” she said.&nbsp;</p><p>Large parts of the building have collapsed and bricks are reportedly strewn across Chalmers Street.<br>&nbsp;</p><hr><br></div><h2 class="ci cl">Surry Hills Heritage Hat Factory Set for Hotel Conversion</h2><p><strong>Wednesday, November 27, 2019:</strong> Sydney-based developer Hanave has lodged a development application in central Sydney for a 114-room hotel to be built around a heritage-listed factory.</p><div class="ci cl"><p>The building, located at 13 Randle Street in Sydney's hip suburb of Surry Hills, is currently occupied by the heritage-listed former factory of ladies hat manufacturers RC Henderson.</p><p>The proposed development will include two new infill buildings at 7‐9 Randle Street and 15 Randle Street with floor levels to match the seven-storey heritage factory as well as a two storey rooftop addition. The new adjoining buildings will retain the factory's masonry facade.</p><p>According to documents lodged with City of Sydney, the project has an estimated cost of $40 million.</p><p>It follows developer Hanave running a design competition in March which saw four local architecture firms submit concepts for the adaptive reuse of the existing building and its neighbouring blocks—to create a single building—at an estimated cost of $50 million or less.</p><p>Related: <a href="https://theurbandeveloper.com/articles/australias-10-newest-boutique-hotels" data-mce-href="https://theurbandeveloper.com/articles/australias-10-newest-boutique-hotels">Australia’s 10 Newest Boutique Hotels</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/7034c6a4-e57c-46e5-b789-a615d6ea7486.jpg" width="960" data-mce-src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/7034c6a4-e57c-46e5-b789-a615d6ea7486.jpg"></picture><div><span style="align-content: center; opacity: 0.8;" data-mce-style="align-content: center; opacity: 0.8;">▲ The building, erected in 1912, served as the main facility for ladies hat manufacturers RC Henderson will now be transformed into a 114-room hotel. Image: Tonkin Zulaikha Greer</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The Tonkin Zulaikha Greer-designed hotel, cleverly dubbed The Hat Hotel, will see all existing masonry walls, timber posts and beams, timber floor structures, and ceiling retained and restored.</p><p>The hotel will also feature a new through-site link connecting Randle Lane to Randle Street providing a link between “city activity and commerce” with the new Randle Street Hotel at its centre.</p><p>While cities such as Perth, Brisbane, Canberra, Adelaide and Melbourne have already witnessed a significant rejuvenation of their hotel stock, the Sydney hotel sector is currently at the start of its <a href="https://theurbandeveloper.com/articles/-boutique-hotel-resurgence-with-20-of-upcoming-pipeline" data-mce-href="https://theurbandeveloper.com/articles/-boutique-hotel-resurgence-with-20-of-upcoming-pipeline">most dramatic expansionary phase</a> since the 2000 Olympics.</p><p>Across the last year, Sydney has seen a growth in the average daily rate of a hotel room to a point where it provided the highest revenue per room margin in the country at $231.</p><p>This result continued a strong half-decade for the NSW capital, that has seen the revenue per available room figures jump by around 6 per cent a year.</p><p>Surry Hills, fast becoming a precinct emerging boutique hotels, including a Wyndham Suites Hotel, the Veriu Central Hotel, a Travelodge Hotel, a Vibe Hotel and the transformed Paramount House Hotel, has seen an uptick in development applications and activity over 2019.</p><p>The stylish and culinary-focused inner-city suburb recently attracted US lifestyle hotel brand Ace Hotel, which opted for Surry Hills for its first venture in Sydney.</p><p>Just last month, Ace Hotel <a href="https://theurbandeveloper.com/articles/golden-age-secures-ace-hotel-in-surry-hills" data-mce-href="https://theurbandeveloper.com/articles/golden-age-secures-ace-hotel-in-surry-hills">secured a deal</a> with Jeff Xu's Golden Age Group for its $350 million, 264-room, hotel at 49-53 Wentworth Avenue—close to Chinatown and Central—due for launch in 2021.</p><p>Across the tracks in the neighbouring suburb of Chippendale <a href="https://theurbandeveloper.com/articles/boutique-100m-chippindale-hotel-approved" data-mce-href="https://theurbandeveloper.com/articles/boutique-100m-chippindale-hotel-approved">plans have been recently approved</a> for a 119-room $100 million boutique hotel.</p></div></div></div></div></div>

UPDATE: A former hat factory at 13 Randle Street in Sydney’s ragtraders suburb of Surry Hills is ablaze with up to 20 fire trucks in attendance. 

54a3b56f-ba60-4bad-bab6-b5aefcd9b1ad

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Sydney-based boutique developer Fortis is furthering its exposure to Melbourne’s fringe office market, lodging plans for a $65-million commercial building in South Melbourne.</p><p>The developer plans to build a 18-storey, premium-grade commercial building on a 330sq m, pentagon-shaped site at 313-317 Kings Way. </p><p>Fortis has moved quickly to lodge plans, designed by Elenberg Fraser, after picking up the South Melbourne site for <a href="https://www.theurbandeveloper.com/articles/fortis-melbourne-pipeline-hits-1-billion">$5 million last month</a> in a deal negotiated by Savills.</p><p>The planned building will also offer “uninterrupted views” of Albert Park, Port Phillip Bay and the CBD, as well as basement parking and dedicated end-of-trip facilities for tenants. </p><p>Non-bank lender Pallas Capital, Fortis’ parent company, funded the acquisition of the site and will now fund construction.</p><p>Fortis director Charles Mellick said the project, offering a combination of luxury whole-floor tenancies, would add to the developer’s growing portfolio in South Melbourne, where the company is delivering projects on four other sites.</p><p>“Since 2020, [we] have acquired approximately $33 million of commercial fringe assets in South Melbourne,” Mellick said.</p><p>“These assets will have an expected end value of circa $180 million once developed. </p><p>“Kings Way is one of the four projects we are currently developing in this location, in response to the robust demand for high-quality office spaces in city-fringe areas.” </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/b9d1e65f-ac1f-4a16-9f9d-e88fc97ab042.jpg" width="1600"/></picture><div><span style="align-content:center;opacity:0.8">▲  The pentagon-shaped island site has three street frontages on Kings Way, Kings Place and Cobden Street. Image: Elenberg Fraser</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Among its current projects is a $38-million, nine-level office at 67-69 Palmerston Crescent—a site it acquired in January for $8.55 million.</p><p>Fortis is also building a six-level office building at 18-22 Thomson Street, with an expected end value of $27.5 million.</p><p>At 34 Eastern Road, the developer is also planning a $47-million,  seven-level, 3900sq m office building on a site it paid $12 million for.</p><p>Fortis’ Kings Way and Eastern Road sites are also a short distance from the coming Anzac Metro station, Coventry Street and Clarendon Street retail districts, and South Melbourne Market.</p><p>The expected end value of Fortis’ <a href="https://www.theurbandeveloper.com/articles/fortis-development-group-brighton-street-richmond">Melbourne projects</a> currently under construction or under a planning proposal has <a href="https://www.theurbandeveloper.com/articles/fortis-melbourne-pipeline-hits-1-billion">surpassed $1 billion</a>, with a further <a href="https://www.theurbandeveloper.com/articles/fortis-edgecliff-double-bay">$1.25-billion pipeline of work in Sydney</a>.</p><p>The developer will be banking on an uptake in office space post-pandemic after Melbourne became the only CBD in the country to experience negative net demand during the past six months.</p><p>Office vacancy in the CBD hit 10.4 per cent while the similarly positioned CBD fringe markets of St Kilda Road and Southbank are now at 16.3 per cent and 15.2 per cent respectively. </p><p>Melbourne’s CBD, 2kms from South Melbourne, has the highest amount of new supply coming to the market in the next six months.</p><p>In the fringe suburb of <a href="https://www.theurbandeveloper.com/articles/tech-centric-cremorne-the-most-talked-about-office-precincts-in-the-country">Cremorne</a>, Fortis also intends to undertake a $40-million new build on an amalgamated site, 65-81 Dover Street, and deliver a commercial development with an end value of about $130 million.</p><p>Last November, Fortis paid $19 million for a 1300sq m corner site at 8 Brighton Street in neighbouring Richmond with plans for a 10-level mixed-use project.</p></div></div></div></div></div>

  Fortis is furthering its exposure to Melbourne’s fringe office market, lodging plans for its fifth project in the area...

Wee Hur's Plans for Redfern Student Accom

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Listed Singaporean developer Wee Hur has lodged plans for another student accommodation project in the inner Sydney suburb of Redfern, following the <a href="https://theurbandeveloper.com/articles/redfern-student-tower-approved">approval</a> of a $64 million development on a neighbouring site late last month.</p><p>Its latest proposal is for a $51 million tower, located between 90 and 102 Regent Street, and is expected to provide 408 beds for students across single and double room formats.</p><p>The proposed 18-storey tower will provide residential accommodation from level three up, with communal student spaces on the ground and second floors.</p><p>The developer has also planned a number of amenities with are three rooftop terraces, an outdoor cinema, BBQ facilities and seating all featured in the building’s design.</p><p>The application marks a quick turn around for Wee Hur, which <a href="https://theurbandeveloper.com/articles/wee-hur-redfern-student-accommodation">acquired</a> the amalgamated 1,287sq m site in June for $46 million across two transactions.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/f97d62ba-f4a3-4e91-bcc8-4489ef898ec8.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ Wee Hur is in the process of building more than 5,700 “purpose-built student accommodation” beds across Australia. Image: Allen Jack+Cottier Architects</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The site, which adjoins two other Redfern properties which are already owned by Wee Hur, neighbours a proposed 18-storey mixed-use student accommodation development at 13-23 Gibbons Street, which will comprise 515-rooms and ground-level retail.</p><p>Wee Hur <a href="https://theurbandeveloper.com/articles/wee-hur-set-its-sights-on-redfern-for-student-accommodation-">paid</a> $52 million for the Gibbons Street site, currently occupied by an ageing office block, in 2018.</p><p>The developer also has plans for a 1,366sq m site at 104-116 Regent Street which had been owned by BP Australia, after outlaying $46.1 million earlier this month through Wee Hur’s Australian investment manager Intergen Property Group.</p><p>The inner city suburb of Redfern is easy walking distance to both the University of Sydney and University of Technology Sydney. </p><p>From 2024 it will have a second train station at <a href="https://theurbandeveloper.com/articles/mirvac-lodges-plans-for-900m-waterloo-metro-quarter">Waterloo</a> as part of the Sydney Metro project.</p><p>Both developments come at a challenging time for the once-booming student accommodation sector, as international borders remain shut.</p><p>Prior to the pandemic, education sat as Australia’s third largest export, with 693,750 international students contributing to the country’s education industry, generating over $30 billion annually.</p><p>Purpose-built student accommodation (PBSA) operators were reporting near-record occupancies leading into the 2020 academic year.</p><p>As of November, the PBSA sector’s vacancy rate is currently hovering around 50 per cent.</p><p>Longer term, Australia’s better management of the pandemic and its relatively low infection numbers is expected to give the tertiary education sector the <a href="https://theurbandeveloper.com/articles/international-students-bolster-property-market">edge</a> over other international study destinations.</p><p>A rise in domestic enrolments is also expected to fuel a rise in the take-up of student accommodation in coming years.</p><p>Wee Hur’s second Redfern application follows the acquisition of two new sites within Brisbane’s Buranda transport precinct near Woolloongabba from the Queensland government in March. </p><p>Wee Hur also struck an option agreement to acquire a third site next to the Buranda train station.</p><p>In Melbourne the group is building a 47-storey complex with 888 beds, due to be completed late next year.</p><p>Wee Hur has two student accommodation properties already in operation in Australia, the 1,578-bed Unilodge Park Central in Brisbane and the 772-bed Unilodge City Gardens in Gray Street in Adelaide.</p></div></div></div></div></div>

  Wee Hur has lodged plans for another student accommodation project in the inner Sydney suburb of Redfern...

8-10 PARNENO STREET Surfers Paradise

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>A private developer has lodged plans for a residential tower on Chevron Island, a suburb currently awash with high-rise development as the booming local property market <a href="https://www.theurbandeveloper.com/articles/gold-coast-housing-market-update">continues to gather pace</a>.</p><p>The 28-storey project will comprise 78 two- and three-bedroom apartments on a 1000sq m site amalgamated from two smaller residential properties at 8 and 10 Parneno Street.</p><p>The amalgamated site currently has zoning for high-density residential development—multiple dwelling and short-term accommodation.</p><p>Plans, designed by Plus Architecture and managed by Urban Planning Services, have been lodged with the Gold Coast City Council on behalf of local developer Chevron Development Group and Yamba Partners.</p><p>While the site is bordered by existing residential unit blocks, including a three-storey apartment building to the south of the site, the tower would be the tallest structure on a street of mainly  single-storey dwellings.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/7fd60c53-8ba9-421f-b7ca-b38d160dcced.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The development will feature a lower level wellness centre, rooftop spaces, gym, sauna, and yoga deck. Image: Plus Architecture</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Momentum on the Gold Coast has accelerated post-Christmas with developers reporting that some luxury projects launched earlier this year are almost sold out despite premium pricing.</p><p>Chevron Island in particular has benefited from the high demand from sea-change buyers from both intrastate and major cities such as Sydney and Melbourne searching for increased affordability and lifestyle.</p><p>The city’s apartment market has also been experiencing a differing trend—switching from skyscrapers such as Q1 and Soul, both of which are more than 75 levels, to smaller projects featuring bigger apartments and higher prices.</p><p>Chevron Island, next to Surfers Paradise, the Southport Golf Club and HOTA, has  become a hotspot for development with up to 14 mid-rise developments currently approved or under construction.</p><p>Chevron Island has no height limits currently under the City Plan as it is considered high density due to being within walking distance of <a href="https://www.theurbandeveloper.com/articles/gold-coast-neighbourhoods-targeted-for-growth">two light rail stations</a>.</p><p>At a neighbouring site, 17-19 Parneno Street, plans for a 14-storey building comprising 42 apartments, designed by BDA Architects and being developed by Sydney-based Draycon, are under way. </p><p>The Benson Family Group is currently forging ahead with plans for a 40-storey tower on Stanhill Drive, known as Chevron One, while a smaller seven-storey tower on the same street has also been approved.</p><p>Leading healthcare provider Infinite Care has plans to build a 142-bedroom residential care tower on a 3500sq m triangular site fronting Stanhill Drive and Anembo Street.</p><p>Brisbane-based Ention Properties has also recently filed plans with the council for Greenwich, a 15-storey tower  for the corner of Anembo and Aruma streets.</p><p>The development will have 46 units with a mixture of two- and three-bedroom units, and a four-bedroom penthouse.</p><p>On a 3000sq m site between 30-36 Mawarra Street plans are under way for a 47-storey tower, Odyssey Chevron, that will comprise 170 aged and disability care units.</p><p>HWI Saltwater has approval for a 30-storey tower, Bliss, on a 3000sq m corner site on Thomas Drive and Darrambal Street.</p><p>Marquee Development Partners is also pressing ahead with its 75-apartment building, The Catalina, due to be completed at the end of the year.</p><p>According to Urbis almost 800 new apartment sales were made on the Gold Coast in the first quarter of 2021, by far the largest amount since it began tracking the market in 2013, while <a href="https://www.theurbandeveloper.com/articles/gold-coast-supply-construction-feasibility-development">supply has decreased</a>.</p></div></div></div></div></div>

A private developer has lodged plans for a residential tower on Chevron Island, a suburb currently awash with high-rise development...

NSW Government Urged to Improve DA Flow

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Almost 60,000 development applications have been approved in NSW between 2019 and 2020, but decision times are still lagging, taking on average three months to determine.</p><p>According to the latest annual report card on the state’s local government sector, comparatively analysing the operations of 128 councils across NSW, $84 billion in development was moved through the system during the year.</p><p>The result is down on 63,000 applications processed between 2018 and 2019, at an average of 70 days, creating an uplift of ​​$85 billion in investment.</p><p>In order to address delays, state governments across the country have been dusting off plans and boosting decision-making frameworks to speed up the rollout of projects to keep people in work and restart the economy post-pandemic.</p><p>In July 2020, the NSW government <a href="https://www.theurbandeveloper.com/articles/nsw-planning-development-unit-pdu">formed the Planning Delivery Unit (PDU)</a>, headed by former Liverpool City Council chief executive Kiersten Fishburn, to streamline the planning system and address bottlenecks within the state’s planning system.</p><p>EG Advisory managing director Shane Geha told <em>The Urban Developer</em> that while there had been a steadying influence to support employment in the local government sector, approval times in NSW have not improved in the past two years.</p><p>“I think that the figures are well dressed for local government,” Geha said.</p><p>“In my experience, I would say that these are actually the slowest approval times for both rezonings and development applications that I have seen in two decades.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/e1c39be2-c204-4298-9978-7388dad00704.jpg" width="1600"/></picture><div><span style="align-content:center;opacity:0.8">▲ The Department of Planning, Industry and Environment said it had worked with councils for two years to “create a user-friendly system that suited the needs of all councils”.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Between 2000 and 2001, the average determination period for almost 50,000 development applications was 27 days.</p><p>Since July, all NSW applications, from a minor home alteration to a multi-billion-dollar development, are now required to be lodged through the NSW Department of Planning, Industry and Environment.</p><p>Once the development application is lodged with the council, it can take between 21 and 90 days for a decision.</p><p>The state government had estimated that 90 per cent of housing approvals would be determined within 40 days of lodgement by 2019, a target that has since been missed.</p><p>The PDU, however, is focused on reducing bottlenecks in larger development applications, state significant developments and planning proposals.</p><p>Its formation followed a spate of <a href="https://www.theurbandeveloper.com/articles/nsw-fast-tracks-a-further-47bn-of-projects-">fast-tracked approvals </a>by the state government during 2020.</p><p>At the time, policymakers explained that assessments under the acceleration program would not skip normal checks, balances or community consultation processes, but would instead focus on projects that could commence within six months.</p><p>Treasurer Dominic Perrottet said the PDU would also prioritise project delivery in regional NSW by directing planning panels to determine projects, where necessary, if a decision had not been made within 120 days.</p><p>A commitment of $4.5 million on a pilot program aimed at slashing assessment times for regionally significant development applications was made in July.</p><p>Thirteen regional councils in the state have been <a href="https://www.theurbandeveloper.com/articles/nsw-government-to-slash-planning-time-25pc">given a $350,000 grant</a> to appoint and upskill staff, improve technology and engage planning panels to reduce assessment times by at least 25 per cent.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/97847866-b85f-4c7d-bcde-af8258b1e93d.jpg" width="1600"/></picture><div><span style="align-content:center;opacity:0.8">▲ Sydney will have to accommodate close to 2 million extra people by 2036, according to the state government’s annual housing supply forecast.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>“There’s now more regulation and more bureaucracy to help with the bottlenecks but unfortunately we can see the approval times going in the opposite direction to the desired faster timeframes,” Geha said.</p><p>“This is not about blaming anyone or complaining uncontrollably, but NSW will shortly know the real importance, in a post-pandemic world, of why it is important to have approvals in the system to bring about investment and employment in the state.</p><p>“We need to care more and if we do, then and only then, will things improve.”</p><p>New South Wales is now <a href="https://www.theurbandeveloper.com/articles/nsw-building-approvals-hit-33yr-high-homebuilder">leading the way for building approvals</a>, hitting highs last seen in the 1980s.</p><p>A Department of Planning, Industry and Environment spokesperson told <em>The Urban Developer </em>housing approvals had more than tripled since 2009, with more than 57,000 homes approved in the past year alone, well above the average for the past 20 years.</p><p>“Every reform that the industry has asked for is being delivered as part of the biggest reform process in the NSW planning system in generations,” they said.</p><p>“There are more than 100,000 dwellings already approved where construction has not started.  </p><p>“We would expect the housing sector to get on and start building these homes, and work closely with the state and local governments to deliver supporting infrastructure where required.”</p><p>The state government has forecast a further 725,000 new homes will be needed by 2036 to meet demand based on current population projections.</p><p>A typical Sydney house is now about <a href="https://www.theurbandeveloper.com/articles/sydney-housing-market-update">$150,000 more expensive than it was at the end of January</a> this year, while units have experienced a gain of $90,000.</p><p>Economics has forecast dwelling prices to rise by 20 per cent nationally over the year, with Sydney expected to experience the biggest surge in values.</p><p>Housing affordability is now under pressure with building approval rates <a href="https://www.theurbandeveloper.com/articles/nsw-housing-approvals-decline">affecting the delivery of housing targets.</a></p><p>The knock-on is that residential property construction times have now blown out to double during the year as labor and material shortages, particularly <a href="https://www.theurbandeveloper.com/articles/construction-industry-steel-supply-shortage">steel</a> and <a href="https://www.theurbandeveloper.com/articles/timber-shortage-construction-materials">timber</a>, <a href="https://www.theurbandeveloper.com/articles/beleaguered-construction-sector-fights-on?utm_source=TUD%2B+%7C+Members&amp;utm_campaign=2762315694-EMAIL_CAMPAIGN_2021_08_04_04_27_COPY_02&amp;utm_medium=email&amp;utm_term=0_94dbbb9716-2762315694-">cripple the industry</a>.</p><p>A single-storey dwelling, which required six to eight months to build in 2019-2020, now takes between 12 to 16 months, while a double-storey home, which had previously taken 10 to 12 months, is now taking 14 to 20 months to complete.</p></div></div></div></div></div>

Almost 60,000 development applications have been approved in NSW between 2019 and 2020, but decision times are still lagging...

Meriton Group is expecting apartment prices to finally start to catch up with house prices, lodging plans to build 629 units in Carlingford near Parramatta.

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Meriton Group is expecting demand to surge for apartment stock, lodging plans to build 629 units in Carlingford near Parramatta to  cash-in on the changing market. </p><p></p><p>Australia’s largest residential developer lodged a development application for six mid-rise buildings after finalising the purchase of the <a href="https://www.theurbandeveloper.com/articles/-triguboff-meriton-moves-on-3bn-eastgardens-buys-development-site">2.8ha site at 263 Pennant Hill Road</a>, Carlingford.</p><p></p><p></p><p></p><p>Meriton managing director Harry Triguboff said demand for apartments was about to rise again, narrowing the <a href="https://www.theurbandeveloper.com/articles/house-apartment-price-gap-widens">record gap between houses and apartments</a>.</p><p></p><p>The developer outlined two main reasons prices would rise drastically in 2022: <a href="https://www.theurbandeveloper.com/articles/homebuilders-end-hits-dwelling-starts-abs">commencements in attached dwellings</a> dropped 15.8 per cent in the September quarter and overseas students, migrants and investors were due to return. </p><p></p><p>Triguboff said Meriton was now shifting the focus to larger apartments.</p><p></p><p>“We are now concentrating on bigger two- and three-bedroom units with car park because there is a big demand and very little supply,” he said.</p><p></p><p>The Carlington development had a mix of 112 one-, 355 two-, 147-three and 15-four bedroom apartments. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/ba6807ff-c107-484a-8060-56afa7c1ae6c.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ Meriton&#x27;s plans for a new residential development designed by Fender Katsalidis in Carlingford, 22km north-west of Sydney.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Set over three stages, the plans by Fender Katsalidis comprise six 10- to 12-storey buildings, a childcare facility and neighbourhood shops within the development. </p><p></p><p>There would also be 1146 car parks and three internal roadways along with public parkland replacing the remaining low-density residential dwellings on the site.</p><p></p><p>Part of the triangular site, which has frontage on Shirley Street, had a previous approval for five buildings with 450 units.</p><p>The sizeable 2.8ha site was listed by receivers after its owner, Dyldam Group, entered voluntary administration with more than <a href="https://www.theurbandeveloper.com/articles/dyldam-group-creditors-chase-500-million">$500 million in outstanding debt</a>. </p><p></p><p></p><p>This month Meriton also <a href="https://www.theurbandeveloper.com/articles/meriton-oxford-street-epping-development-application">lodged plans for a 30-storey residential tower </a>at Oxford Street, Epping, near a new train station. </p><p>Nearby, the Carter Street development in Lidcombe is entering its final stage with <a href="https://www.theurbandeveloper.com/articles/meriton-plots-600-apartments-in-parramatta">plans for a 46- and 42-storey tower </a>on a similar sized site to the Carlingford development.</p><p>The group also reported positive occupancy across its serviced apartments so far this year—the Gold Coast portfolio “exceeded all expectations” and was “especially strong” in Parramatta, Brisbane and Bondi Junction.</p></div></div></div></div></div>

Meriton Group is expecting apartment prices to catch up with house prices, lodging plans to build 629 units in Carlingford near Parramatta...

39 MCLEAN STREET, COOLANGATTA 

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Local developer Greyburn has lodged plans for a 19-storey residential tower in Coolangatta as demand for the Gold Coast’s red-hot apartment market continues to <a href="https://www.theurbandeveloper.com/articles/gold-coast-apartment-market-boom">outstrip supply</a>.</p><p>The 63-apartment project is planned for a 1000sq m site on the corner of McLean and Musgrave streets, one block back from the beach and Coolangatta’s RT Peak Memorial Park.</p><p>The high-rise apartment complex, to be called 39 McLean Street, will replace an ageing surf shop on the western end of the site.</p><p>The BDA Architecture-designed development has been inspired by the triangular Flatiron building in New York City—a 22-storey office tower and destination in the city that has been popular with photographers and artists for more than a century.</p><p>Greyburn director John Kearney told <em>The Urban Developer </em>the site had been selected due to its position at the intersection of Griffith Street, the suburb’s major shopping and dining strip.</p><p>“As a Gold Coast-based developer we follow the market here with great passion,” Kearney said.</p><p>“Over the last several years we have been investigating where we believe is the best place to deliver well priced high quality homes and circled in on Coolangatta. </p><p>“I’ve always been passionate about Coolangatta having grown up on the Gold Coast surfing the famous Coolangatta surf breaks along with being a competitive freediver of the Tweed Gold Coast Freediving club.</p><p>“This site has all the major features we thought highlight the liveability of the Gold Coast being central to all the amenity of Coolangatta’s beachside retail as well as the best beaches in Queensland.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/35d5d7c6-b0f1-485d-9c02-dfc1cb5e288d.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ Positioned at the south-western end of the Coolangatta centre zone, the residential tower will be part of a cluster of taller buildings. </span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Greyburn’s latest proposal follows the completion of its 83 townhouse estate in Mudgeeraba adjacent to Somerset College.</p><p>Its oceanfront tower will be targeted at the local owner-occupier market and is close to to Coolangatta and Kirra beaches, and nearby retail, dining, entertainment and other businesses.</p><p>The tower will offer four apartments per floor in two- and three-bedrooms, two three-bedroom penthouses and will be topped with a rooftop area with gymnasium, barbecue area, lounge and pool. </p><p>It will be built above three basement levels with 80 spaces for cars and 44 for bicycles.</p><p>“Development within the beachside strip of the Gold Coast appears to be going through a really good phase where renewed emphasis is being placed on the experience and liveability of the property,” Kearney said. </p><p>“We engaged two sets of architects to design the most liveable product for this site and tried to maximise the features that count. </p><p>“It’s a small boutique complex within walking distance to everything and we really wanted to create residences where occupiers could leave their car in the garage and enjoy everything on foot.”</p><p>The development will neighbour a future 23-storey apartment tower at 31-35 McLean Street, also designed by BDA Architecture.</p><p>That <a href="https://www.theurbandeveloper.com/articles/gold-coast-becdev-coolangatta-tower-jazzland">$130-million development, being overseen by Melbourne-based Beckdev,</a> will be built on a 2400sq m site and have 175 apartments with sea views.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/b4e0ca92-35b2-40f9-808d-a2d7b9a33c26.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The apartments have been orientated to the east and west to ensure views are maintained and privacy protected if the adjacent sites to the north or south are developed.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>At 144 Marine Parade, Spyre Group is <a href="https://www.theurbandeveloper.com/articles/double-penthouse-gold-coast-spyre">well advanced</a> on a $50-million, 30-apartment project development designed by Bureau Proberts.</p><p>The 4000sq m residential project, due for completion in 2022, replaces the well-known <a href="https://www.theurbandeveloper.com/articles/spyre-group-development-application-coolangatta">Komune Resort</a>—popular with professional surfers competing in the Quicksilver and Roxy Pro events.</p><p>At nearby Rainbow Bay, plans have also been put forward for a $100-million-plus apartment tower.</p><p>That 12-storey development, being led by CapDev Partners, Kingbella Group and Steer, will comprise 94 apartments, including three ground-level “town homes”, topped by a rooftop communal area with infinity pool.</p><p>The project is the trio’s <a href="https://www.theurbandeveloper.com/articles/plans-lodged-for-100m-rainbow-bay-tower">third joint-venture</a> on the Gold Coast.</p><p>Sizzling demand due to pandemic-inspired sea-changers and downsizers has led to record apartment sales on the Gold Coast, dragging supply levels to new historical lows.</p><p>According to Urbis, the Gold Coast’s southern beaches from Mermaid Beach to Coolangatta currently hold just<a href="https://www.theurbandeveloper.com/articles/gold-coast-apartment-property-development-undersupply"> 2.1 months supply</a>.</p><p>Strong demand for apartments in the precinct has now made it the most expensive for new apartments on the Gold Coast.</p><p>The weighted average sale price in this market has surged by $142,000 to $1.36 million, compared to the first quarter of this year, up more than 42 per cent in just two years.</p></div></div></div></div></div>

A Gold Coast-based developer has lodged plans for a 19-storey apartment tower in Coolangatta...

Mall Owner Vicinity Plots 600 Apartments in Central Brisbane

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Retail landlord Vicinity Centres is stepping up efforts to diversify its shopping mall portfolio, lodging plans for a mixed-use precinct of seven  buildings at its Buranda Village Shopping Centre in Brisbane’s south-east.</p><p>The shopping centre, which opened in 40 years ago, sits on a 2.13ha island site at 264 Ipswich Road, Woolloongabba.</p><p>Vicinity is now planning to develop the dated, low-format shopping centre in a visually prominent location into a 8200sq m laneway-based, open-air retail and dining centre precinct featuring medium-rise towers.</p><p>The proposal for the mall site, designed by architecture firms Rothelowman and Hassell, will include four 15-storey residential buildings comprising 630 build-to-rent apartments.</p><p>It will also build two 15-storey commercial buildings comprising 40,000sq m and a 10-storey building offering 12,000 square metres. </p><p>Vicinity plans to retain all three 5-star Green Star rated commercial buildings which will accommodate a range of uses including retail, hotels and bars.</p><p>The precinct, will feature a 3400sq m Woolworths supermarket as well as 10 smaller retail tenancies.</p><p>Directly above the retail laneways will be a 3400sq m landscaped precinct, known as The Terraces, half of which will be publicly accessible, while the remaining section, including a swimming pool and barbecue, area will be reserved for tenants.</p><p>The development will include 1265 car parking spaces, 25 motorbike parking spaces and 710 bicycle spaces.</p><p>Vicinity will retain the existing heritage-listed ventilation, erected in 1913 by the South Brisbane Council on the corner of Cornwall Street and Ipswich Road, as a component of its Ipswich Road stormwater catchment system. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/14be17c8-d92c-4ccf-b93b-66090ac98afe.jpg" width="960"/></picture><div><span style="align-content:center;opacity:0.8">▲ The 21,300sq m site bound by Ipswich Road to the west, Tottenham Street to the north, Carl Street to the east and Cornwall Street to the south. Image: Rothelowman, Hassell</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Vicinity chief development officer Carolyn Viney said the proposal had been inspired by Brisbane’s suburban village centres and would offer modern, flexible commercial office solutions that catered to the growing “work near home” demand. </p><p>“In addition to delivering everyday community needs to residents and workers, the plan also delivers a significant economic benefit, creating close to 580 jobs during construction and more than 3200 long-term jobs,” Viney said.</p><p>“This is a true mixed-use outcome where our offerings complement each other to create a modern and activated community while also taking advantage of the strong rail, bus and car transport links and the proposed Brisbane Metro Cross and River Rail services.”</p><p>The development will be delivered in three stages, with construction of the residential towers and 10,000sq m of new shopping centre upgrades planned first followed by the smaller of the three commercial towers in the second phase. </p><p>The Buranda Village redevelopment comes as a considerable amount of urban regeneration and significant public infrastructure projects break ground in the lead up to the <a href="https://www.theurbandeveloper.com/articles/brisbane-2032-olympics-property-market-development-stadium">2032 Olympic games</a>.</p><p>The shopping precinct is close to the Gabba stadium, just 3km from the 42,000 seater stadium, which is planned to be the heart of the Games and will be <a href="https://www.theurbandeveloper.com/articles/brisbane-olympics-2032-development-infrastructure-projects">upgraded to hold 50,000 spectators</a> as part of $1-billion redevelopment.</p><p>Nearby at Boggo Road, the delivery of the Cross River Rail station is expected to be a catalyst for significant investment and development in the locality. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/3003fec1-762a-4981-aaf0-67038bd72d79.jpg" width="960"/></picture><div><span style="align-content:center;opacity:0.8">▲ The seven-tower masterplan will be split into two precincts—the working and lifestyle precincts. Image: Rothelowman, Hassell</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>For Vicinity, the country’s second-largest retail landlord, the development application follows a series of similar plays across the country as it realises key elements in an ambitious diversification strategy.</p><p>The strategy was put in place three years ago by chief executive Grant Kelley in an effort to bolster its $26-billion real estate portfolio Vicinity manages as conditions in the retail sector weakened amid the rise of e-commerce.</p><p>The mall owner has been actively attempting to exploit its existing real estate holdings, building apartments, hotels and office towers on available space within its shopping centres. </p><p>The strategy has also struck a chord with the broader embrace of suburban living since the pandemic, which has increased demand for decentralised office accommodation.</p><p>Late last year the mall owner <a href="https://www.theurbandeveloper.com/articles/vicinity-adds-office-tower-to-frankston-precinct">secured approval to build a 14,000sq m office tower</a> at its Bayside centre in Melbourne’s south-east.</p><p>Vicinity is also planning to develop another 20,000sq m office building at Chadstone, which it co-owns with its biggest shareholder, billionaire John Gandel.</p><p>It also has plans at its Bankstown Central shopping centre in Sydney’s south-west for 900 apartments, a 700-guest room hotel and 300,000sq m of mixed-use space as part of a <a href="https://www.theurbandeveloper.com/articles/vicinity-unveils-plans-for-bankstown-centre">$1.3-billion redevelopment</a> spanning 18 towers.</p><p>It is also well advanced on a new high-rise office and apartment buildings included in plans for an expansive redevelopment at its Box Hill shopping centre in Melbourne’s east.</p></div></div></div></div></div>

Retail landlord Vicinity Centres has lodged plans for a mixed-use precinct comprising for a mixed-use precinct comprising seven new buildings...

db27527f-5255-4704-b84e-fee3a8c98627

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Maple Development Group, <a href="http://mapledevelopment.com.au/about-us">wholly-owned by China-based developer Peng Bo</a>, has lodged plans for a $200 million mixed-use project in Brisbane’s Quay Street precinct.</p><p>The Rothelowman-designed project at 57 Coronation Drive proposes 255 residential apartments, a five-star serviced apartment tower, commercial offices along with retail and entertainment facilities.</p><p>Construction of the 30-and-35 storey towers is expected to commence in 2021 pending development approval next year.</p><p>Maple, which established its Brisbane base in 2015, broke into Brisbane’s apartment market last year with the launch of the <a href="https://theurbandeveloper.com/articles/maples-arcadia-marks-first-development-in-brisbane-pipeline">$20 million development Arcadia apartments</a> in Brisbane&#x27;s inner west suburb of Indooroopilly. </p><p>Last year, Gold Coast developer Sunland was rejected in the supreme court for its <a href="https://theurbandeveloper.com/articles/sunland-dumps-stalled-triple-tower-development">555 apartment proposal of &#x27;champagne flute&#x27; skyscrapers on Coronation Drive</a>, in nearby Toowong.</p><p>Sunland had secured the former ABC site for its three-tower proposal, zoned with a 15-storey limit, for $20 million in 2013.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/ceb3efce-2ee8-4020-b272-6fcfdaa23019.jpg" width="960"/></picture><div><span style="align-content:center;opacity:0.8">▲ The Coronation drive project includes the 151-year-old Davidson’s Residence.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Maple’s development manager Gilbert Zhu says the Coronation Drive project plans to connect the CBD with inner Brisbane suburbs Milton, Petrie Terrace and South Brisbane.</p><p>“The proposed development intends to reinvigorate a residential and lifestyle precinct on Quay Street by including a large Queensland-inspired public realm,” Zhu said. </p><p>“We’ve gone to great lengths to ensure that the project will make a significant contribution to the city of Brisbane.”</p><p>Rothelowman principal Jeff Brown said the project was inspired by Brisbane’s sub-tropical lifestyle.</p><p>“As Brisbane’s population and popularity with tourists increases, we expect that the north western CBD pocket will grow into a prominent destination,” Brown said. </p><p>Maple has also acquired development sites in Brisbane&#x27;s Woolloongabba and St Lucia, thanks to the financial backing of its company body which is headquartered in Zhuozhou China. </p><p>The group has delivered more than 30,000 units in China in recent years, along with one of the largest proton therapy cancer treatment facilities in the region, located in Zhuzhou.</p><p>Peng Bo Group also has <a href="https://theurbandeveloper.com/articles/maples-arcadia-marks-first-development-in-brisbane-pipeline">agricultural interests in Queensland</a> with a nursery on the Gold Coast and farmland at Beerwah on the Sunshine Coast.</p></div></div></div></div></div>

Maple Development Group, wholly owned by China based developer Peng Bo, have lodged plans for a $200 million mixed-use project...

efcb1813-b63c-42cf-8056-fd235e436a86

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Mirvac has secured development approval for a $250 million logistics hub in western Sydney, spurred by online sales trends in the wake of coronavirus confinement measures.</p><p>The ASX-listed developer won approval from Cumberland Council to develop the 14-hectare site at 300 Manchester Road, Auburn, into an industrial estate and employment precinct that blends flexible warehousing and office space. </p><p>Mirvac will undertake the 73,000sq m project in a joint venture with an investment vehicle sponsored by Morgan Stanley Real Estate Investing, with whom it purchased the site in 2019 from property group Payce for $94.2 million.</p><p>Construction is slated to start in the 2021 financial year.  </p><p>Mirvac said that the site, located 3.3km from Parramatta CBD and 18km from Sydney&#x27;s CBD will cater to the surge in online shopping and the growing need for last mile delivery locations.</p><p>Mirvac industrial general manager Richard Seddon said that the vision was to deliver a precinct that represents a new age for industrial estates. </p><p>&quot;Our plans include bringing leading technology together with unique amenity for future workers and the local community.” </p><p>Seddon points to growing e-commerce trends, with more people staying at home, driving the need for new logistics hubs, with recent research from Nielsen showing a 45 per cent growth in online sales in Australia when compared to the same time last year—which is likely to enhance consumer adoption of buying online.</p><p>“With more people staying at home, there has been a rapid increase in demand for e-commerce services. </p><p>&quot;To meet future needs we are committed to delivering cutting-edge industrial warehouses and logistics facilities like the one planned for Auburn.”</p><p>Only last month, the ASX-listed diversified developer <a href="https://theurbandeveloper.com/articles/rea-group-withdraws-guidance-coronavirus">withdrew </a>the 3-4 per cent earnings per share growth and 5 per cent dividend-per-share growth it restated when announcing its half-year earnings.</p><p>Yet Mirvac continues to push ahead new projects amid the economic uncertainty surrounding Covid-19, also lodging plans for a 143-apartment <a href="https://theurbandeveloper.com/articles/mirvac-moves-ahead-on-1bn-newstead-masterplan">tower </a>in central Brisbane.</p><p>“Against the current climate, Mirvac has adapted its operations and is progressing development plans and construction across its portfolio,&quot; Seddon said.</p><p>&quot;Continuing momentum on our developments ensures we are well placed to help support the recovery of Australia’s economy on the other side of Covid-19.&quot;</p></div></div></div></div></div>

Mirvac has won development approval for a new-age logistics hub, spurred by online sales trends in the wake of coronavirus confinement measures ...

DEVELOPMENT APPLICATION