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Fedsquared's picture
#202

Developers oppose push for higher design standards
Date
October 5, 2013

New design standards setting the bar higher for developers of thousands of inner-city apartments in Melbourne will be proposed by the state government's architecture adviser.
Poorly ventilated one-bedroom flats with inadequate natural light will be the main target under minimum design standards being drafted by the Office of the Victorian Government Architect.

Read more: http://www.theage.com.au/victoria/developers-oppose-push-for-higher-desi...

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Mark Baljak's picture
#203

IKON Glen Waverley

RESIDENTIAL | news & discussion, concepts & unbuilt projects

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Mark Baljak's picture
#204

Towering ambitions for Flemington site
BEN WILMOT THE AUSTRALIAN OCTOBER 09, 2013 12:00AM

CHINA'S largest developer, Greenland Group, could be unveiled today as the buyer of a key site near Melbourne's Flemington Racecourse where it plans to build one of its trademark towers.

The group's Melbourne play could be just as large, with talk it could acquire the $60m site from the Victoria Racing Club that could accommodate up to 2000 units with an end project value topping $1 billion.

AFR
Chinese developer Greenland buys Flemington site
Racing Victoria has sought to avoid planning approval hurdles with The Hill precinct, having instructed Victorian Planning Minister Matthew Guy to take on sole responsibility for approving any development application.

Racing Victoria said this “removed the significant uncertainty with dealing with multiple authorities that would otherwise have carriage over various components of [club] land’’.

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Mark Baljak's picture
#205

Greenland sites

RESIDENTIAL | news & discussion, concepts & unbuilt projects

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Mark Baljak's picture
#206

http://www.theaustralian.com.au/business/property/cities-go-mad-for-unit...

Cities go mad for unit life

>> Meanwhile, Melbourne can expect 39,000 extra completed apartments that have commenced or have been released for off-the-plan sale.

Malaysian property developer UEM Sunrise Berhad last week completed its purchase of two prime freehold land parcels in the CBD. UEM Sunrise has shortlisted three local architects - COX Architecture, Elenberg Fraser and Fender Katsalidis Architects - for a design competition.

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Mark Baljak's picture
#207

couple of projects back in from the cold

15/10/2013
36-40 La Trobe Street MELBOURNE
Development of the site for a multi-level residential apartment building, use and development of a ground level food and drink premises and carparking dispensation

15/10/2013
57-61 City Road SOUTHBANK
Demolition and subsequent development of the site for a 37-level building incorporating two retail premises, three offices, 246 dwellings and associated carparking
>> same numbers as the previous design

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Mark Baljak's picture
#208

monarc

RESIDENTIAL | news & discussion, concepts & unbuilt projects

RESIDENTIAL | news & discussion, concepts & unbuilt projects

RESIDENTIAL | news & discussion, concepts & unbuilt projects

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Mark Baljak's picture
#209

oldie but a decent concept for CE Southbank cluster - somwething different to the norm would be nice

RESIDENTIAL | news & discussion, concepts & unbuilt projects

Culture Transcend
Southbank is uniquely placed to be a suburb that integrates an established cultural life with a diverse residential community. The proposed building, inspired by the adjacent Boyd School (an activity node), promotes a vertical community which is socially sustainable for children to grow up.

The Cultural Transcend Tower is comprised of a series of four-level [neighborhood] blocks. Through the use of lobbies instead of corridors, people of different generations can gather and interact, kids can play and seniors can garden. These four-level blocks vary into four different types (a, b, c & d) and through a 90° angle rotation, correspond to each elevation. Although similar in proportion, each block is unique and benefits from a variety of views and distinct spatial experiences.

Occupants enter their units from the lobby level on each block, with space for children, a green-house facility, and two accessible units for senior tenants. Voids, with a degree of controlled privacy, perforate each block vertically to lessen physical isolation of each unit and connect them to the lobby. This creates ambiguous natural surveillance and fosters a positive attitude and social behavior. The voids also regulates air circulation internally to the units as exterior facing windows cannot be opened due to high wind pressures at high altitudes. An integral sunroom is provided to circulate air movement and control the atmosphere and temperature of the units.

Construction cost is considered on the project as Future Melbourne, the local community plan, has established a goal for the provision of 20% affordable housing in all new developments. The proposed building is primarily constructed out of prefabricated concrete columns and prefabricated concrete flooring which minimize beam depth. The façade consists of a series of prefabricated concrete panels with various opening sizes according to typology and lighting requirements of the space behind (e.g. smaller window for a child's room, larger window for living and bedrooms, open void for sunrooms, etc). Each function of the space is expressed through variation of the openings and manifests into a visual abstraction on the facades.

http://www.ctbuh.org/TallBuildings/AcademicStudentWork/CTBUH2011Competit...

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Mark Baljak's picture
#210

Leighton to give 'eyesore' $450m revamp

Property company Leighton will transform the former Moonee Ponds market into a $450 million planned community after buying the site for $23 million.
Leighton Properties and its joint venture partner, private equity real estate firm Qualitas, finalised the deal Tuesday, buying the 1.34 hectare block from US-based owner Reading Cinemas.
The former market, now used as a car park and criticised by locals as an eyesore, has for the past 16 years been mooted as a development opportunity, but despite numerous proposals Reading was unable to turn a sod on the site.
Opposite the Moonee Ponds train station, the site had the potential to house more than 800 apartments and provide 2000 square metres of ancillary retail space, Leighton managing director Mark Gray said.

Read more: http://www.theage.com.au/business/property/leighton-to-give-eyesore-450m...

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Mark Baljak's picture
#211

Developers step up the fight for high-rise sites

LOCAL and international developers are scrapping for sites in Melbourne with a private offshore group snapping up a plot at Freshwater Place in Southbank as Grocon closes in on a Spring Street tower that could make way for an landmark apartment tower.

Australand Property Group yesterday moved to capitalise on this interest, offloading a 3096sq m property at 38 Freshwater Place to an undisclosed foreign buyer for $30 million.

The price tag for the site, which can sustain a major tower, is one of the highest recorded in the Southbank area.

http://www.theaustralian.com.au/business/property/developers-step-up-the...

$30 million is big biscuits, needs to be a large scale development to recoup initial outlay

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Mark Baljak's picture
#212

interesting read, disagree with a few points though

Chinese new wave rocks property market

IN the 1980s, Japanese investors stampeded into Australian property, only to lose billions a decade or so later as prices fell. Now Chinese investors are following them into the market.

"The Japanese left a wonderful legacy in the form of infrastructure," says Robert Mellor, managing director of economic forecaster BIS Shrapnel. He is not so sure about how Chinese investors will fare, but says it's a city-by-city proposition.

Chinese investment into Australian real estate has grown by almost 60 per cent in the past two years, with Chinese buyers and developers targeting Sydney and inner-city Melbourne.

- See more at: http://www.theaustralian.com.au/business/property/chinese-new-wave-rocks...

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Alastair Taylor's picture
#213

The point about Vancouver is odd. The $1million CAD average house price is probably in the city of Vancouver - not the Vancouver Metropolitan area - a bit off to compare an area of 115 square kilometres to an entire metropolitan area on the other side of the planet.

According to this: http://www.vancouversun.com/business/Metro+Vancouver+resale+real+estate+... Vancouver's metro average is $600,000CAD

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Nicholas Harrison's picture
#214

Figures from the article for investment in Australian domestic property:

USA: $8.16bn
China $4.2bn

So no concerns raised about investment from the USA but the level of investment from China is a big worry. Please explain.

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Nicholas Harrison's picture
#215

Also 83% of foreign investment in the the Australia property market is buying property for development or new apartments. How will increasing supply increase the price of existing dwellings?

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Mark Baljak's picture
#216

ikon glen waverley

RESIDENTIAL | news & discussion, concepts & unbuilt projects

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Mark Baljak's picture
#217

another decent read for those who have access

AFR
Why the apartment market is booming

Demand for apartments shows little sign of waning despite warnings that some developments are destined to produce below par returns for investors. Emboldened by lower price points and bigger tax benefits, investors seem happier than ever to make relatively big bets on dwellings with comparatively little land value.

Inner-city and beach-side locations top the wish lists of many buyers in capital cities who are attracted by the low vacancy rates enjoyed by lifestyle locations.

Units across all capital cities have exhibited strong growth over the past 12 months, with an average 9.6 per cent total return compared to the 10.2 per cent return from housing, according to RP Data-Rismark.

Those gains have helped propel a recovery in the residential housing market. The RP Data-Rismark Combined Capital City Index hit a new record high in September, largely driven by the Sydney and Melbourne markets.

RESIDENTIAL | news & discussion, concepts & unbuilt projects

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M's picture
#218

One9 in Moonee Ponds today.

RESIDENTIAL | news & discussion, concepts & unbuilt projects

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Chris Peska's picture
#219

^^Thanks for the pic Michal, that development is going up quite fast!

Observe. Design. Build. Live.

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Nicholas Harrison's picture
#220

I think Moonee Ponds needs a thread:

Leighton Properties, in joint venture with real estate private equity firm Qualitas, has
purchased a 1.34 ha site in Moonee Ponds town centre from Reading International
for $23 million. The site will be transformed into a landmark, master planned
community, which has the potential to provide over 800 apartments and 2,000m2 of
ancillary retail, with an end value of around $450 million.

RESIDENTIAL | news & discussion, concepts & unbuilt projects

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Mark Baljak's picture
#221

^^ go for it nick

Southbank properties left high and dry

Southbank residents either don't take showers or many apartments are empty most of the year.
A study has found more than 64,000 residential properties in Melbourne are rarely used and almost 12,700 appear unoccupied, with Southbank the top area for vacancies.
The findings are based on an analysis of water use commissioned by Prosper Australia, a group seeking tax changes to improve the efficiency of land use.
The Speculative Vacancies in Melbourne report, now in its sixth year, looked at water use data from Melbourne's big water retailers.
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It found "64,465 properties were potentially unused over the study period, having consumed less than 50 litres of water a day, and 12,691 properties did not use any water, and were demonstrably unoccupied".
Average household water consumption in Melbourne is estimated at 419 litres a day.
The analysis of 1.4 million residential properties found 4.4 per cent were potentially unused or seldom used.
Of the 4169 properties examined in Southbank, 328 used no water and 940 used fewer than 50 litres a day, making it the highest property vacancy rate in percentage terms in the city.
Carlton South was next with 73 properties using no water and 137 fewer than 50 litres a day.

Read more: http://www.theage.com.au/victoria/southbank-properties-left-high-and-dry...

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Mark Baljak's picture
#222

Grocon arrives on Spring St

NICK LENAGHAN
Australia’s biggest private developer, Grocon, has acquired a prime CBD residential development site at Melbourne’s ritzy east end for about $45 million.

The Kador Group, a private investor, put the 16-storey office tower on the market three months ago through Jones Lang LaSalle agents Paul Burns and Rob Anderson and ­Colliers agents Nick Rathgeber and Leigh Melbourne.

The property, at 85 Spring Street, is on 1241 sq m of land, near Collins Street, the parliamentary precinct and Treasury Gardens. Grocon was likely to pursue a luxury residential tower there.

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Nicholas Harrison's picture
#223

Just a reminder of what can be expected at 85 Spring Street:

RESIDENTIAL | news & discussion, concepts & unbuilt projects

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Nicholas Harrison's picture
#224

Based on the fact that residential is now the highest value use on Spring Street I think that eventually we will see another three 150m+ towers at 13, 185 and 215 in addition to this site and 35 Spring Street. Former Shell house is also likely to be converted to residential at some time in the future.

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Mark Baljak's picture
#225

RESIDENTIAL | news & discussion, concepts & unbuilt projects

Another low-rise building on a super-site opposite Albert Park Lake will be replaced with a major apartment complex.

A local developer is paying about $13.5 million for a 2329-square-metre block at 77 Queens Road in a precinct zoned as Melbourne, with postcode 3004, but which is actually about four kilometres south of the GPO, near Prahran and St Kilda.

Currently a three-level block of 36 flats developed in the 1960s, the site was listed in June with concept plans for a 12-level building - the maximum permissible height in the area. The new owner is expected to proceed with that $150 million Elenberg Fraser-designed building, adding more than 200 flats to the street.

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Nicholas Harrison's picture
#226

I hope they go ahead with that design, it looks fantastic.

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