Redevelopment

The landmark Coogee mansion, Ballamac House, is set to undergo a redevelopment into luxury apartments.

Sydney developer Central Element are seeking to transform the historic house, which has been flats for the last six decades. The building at 39 Arcadia Street, just 350 metres from the beach, will be restored and revived to its original glory, creating a collection of just eight apartments&nbsp;to be added to the east of the house.&nbsp;

The group’s vision of fusing old and new will bring the Ballamac House estate into a new era, with the restoration and new build designed by acclaimed architects, Tonkin Zulaikha Greer (TZG), who have collaborated with Central Element on a number of previous projects, including 25Hours Paddington and The Metro-Minerva Potts Point.&nbsp;

TZG’s Director, Tim Greer said their approach was to design both spectacular but also comfortable residences, which spoke to the site’s coastal location and embraced the natural elements of the surrounding environment.&nbsp;

“With Ballamac’s rich Coogee history and Central Element’s expertise, TZG Architects are making a new story. The things we chase in our stories as we craft them are timeless, rational and beautiful but the things that you remember are the small moments of wonder and delight that stay with you long after you have departed” Greer said.

All eight residences will feature three-bedrooms, with the rooftop and penthouse apartments to be split across two levels of living.&nbsp;&nbsp;

Two of the residences will sit within the original 1860’s house with the remaining six situated in the added apartment building, which will feature a communal outdoor entertaining area and garden.

Each of the residences will enjoy the locale of the waterfront location with uninterrupted views out to Wedding Cake Island.

The two apartments within the original house are set to be an ode to old-worldly living, with the retention of the external and internal walls of the original house, along with original fireplaces, mantel pieces, and decorative ceilings.&nbsp;

The residences will also see the reconstruction of the wrap-around verandah with the original rectangular cast iron columns, allowing for indoor to outdoor living.

The repair and conservation of the sandstone walls of the original house will be continued in the new apartment building, blending old and new.

There will be new landscaping by&nbsp;award-winning landscape architecture practice JILA, which will also see a communal plunge pool added.

Central Element’s Managing Director, Nathan Chivas said Ballamac House is a hallmark project for the group, designed to make a lasting impact on the celebrated beach lifestyle in one of Sydney’s most sought-after addresses.&nbsp;

“The legacy and famous history of the building will be preserved as we transform the former residence and add further luxury living spaces that will deliver an elevated lifestyle dimension to the landmark site,” he said.&nbsp;

Completion of the redevelopment is slated for 2024.&nbsp;

The building at 39 Arcadia Street, just 350 metres from the beach, will be restored and revived to its original glory

alisonwarters@gmail.com

Central Element to redevelop Coogee's 1860’s Ballamac House into luxury apartments

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The luxury redevelopment of the Kirra Beach Hotel site in Coolangatta's Kirra Point has already seen nearly half of their 118 Miles Residences apartments in stage one sell.

Some $88 million has been secured for the KTQ Group, whose $180 million first stage is part of their <a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta">$380 million re-development of the site</a> which will also include a new pub and pavilion.

The average sale price has been $1.61 million.

The sales conversion has come off the back of more than 1,000 inquiries prior to the project’s much launch on December 27. 
KTQ Group development director Jeremy Holmes said the very promising sales start would fast track the commencement of construction on the project.

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_miles_residences_living_area_.jpg" width="1200"></a> 
“We’re pleasantly surprised at the sales, but we were always of the belief that when we went to the market with Miles Residences there would be significant interest no matter what type of market we were in,” Mr Holmes said. 
“The reality is it is impossible to replicate this offering on a one-hectare site overlooking Kirra Beach. The fact that the southern Gold Coast market has been so strong, along with a pent-up demand for this particular development, has provided a solid foundation for the launch campaign.

Miles Residences has targeted predominantly owner-occupiers and will offer spectacular views across the Gold Coast from its location on one of Australia’s most famous north-facing beaches.

"We have seen a great cross section of buyers to date, with 70% coming from Queensland and 23% from New South Wales. The high level of Queensland buyers is mainly due to the local market acting quickly to choose their ideal apartment. They have been waiting 10 years for this project and didn’t want to miss out on the uninterrupted view lines.” 

Sales have ranged across a diverse mix of apartments with one-bedroom residences selling from $550,000 up to the most spectacular three bedroom plus MPR residences reaching $3,000,000.

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="806" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_exterior.jpg" width="1200"></a>

Prices start from $545,000 for the one bedroom apartments, from $795,000 for the two bedders and from $1.5 million for the three bedroom, three bathroom apartments.

Tim Keenan, of Keenan &amp; Co which is marketing Miles Residences, said the interest had been overwhelming.

“We have not stopped. The inquiry from locals as well as interstate purchasers has been relentless,” Mr Keenan said.

“The reality is that the southern Gold Coast has never seen such a quality offering and the market has responded in kind.

“Buyers who know and understand the uniqueness of one of Australia’s most iconic north facing beachfront locations have been waiting for a project of the quality and scale that KTQ Group has put together. 

 

“We are pleased that we still have some of the best apartments available for sale and we are seeing buyers across all price points and unit types. 

“This is the first major destination precinct for Kirra and the quality of these superlatively designed apartments to match such a wonderful location has combined to create enormous interest and sales conversions.”The Woods Bagot-designed tower is slated for completion in early 2023.

The Kirra Beach first stage is expected to take two and a half years to deliver and will create hundreds of initial construction jobs and then a number of hospitality jobs upon completion.

The family-owned KTQ Group are the owners of the award-winning Elements of Byron resort which has won multiple tourism and design awards including the Urban Development Institute of Australia’s 2017 and 2018 Awards for Excellence in retail and regional development.

 
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The KTQ Group's $380 million re-development of the site will feature 118 apartments in total and a new pub and pavilion.



Joel Robinson

Kirra Point's Miles Residences nearly 50% sold in just three weeks

KTQ Group, the owners of the award-winning Elements of Byron resort, are set to launch the $200 million first stage of the&nbsp;$380 million multi-staged re-development of the Kirra Beach Hotel site.

The first of these luxury residences are being showcased for the first time via a display apartment ahead of the <a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta">project&rsquo;s official launch</a> just after Christmas.

Tim Keenan, of Keenan and Co which is marketing the project, said almost 1000 inquiries had been received since the project was publicly announced close to&nbsp;two months ago.

[smartcode_project:default project_id=27575]

More than a quarter have been&nbsp;from interstate prospects who have not been able to get to Queensland until now due to the COVID border restrictions.

&ldquo;The interest prior to launch has been unbelievable. In all my years in the industry I have never seen such strong enquiry levels in one project,&rdquo; said Mr Keenan.

&ldquo;Early indications suggest we will be oversubscribed in terms of sales sometime in January, such is the strong level of interest.&quot;

The initial stage will offer over 100 luxury residences, predominantly targeting the strong owner occupier market hitting the coast.

The residences will offer a mix of one, two, three&nbsp;and four bedrooms, most of which will include a separate multi-purpose room.

Below the luxury apartments will be a new pub and pavilion.

The family-owned KTQ&#39;s&nbsp;Elements of Byron won&nbsp;multiple tourism and design awards, including the Urban Development Institute of Australia&rsquo;s 2017 and 2018 Awards for Excellence in retail and regional development.

The Kirra Beach first stage is expected to take two and a half years to deliver and will&nbsp;create hundreds of initial construction jobs and then a number of hospitality jobs upon completion.

The initial stage will offer over 100 luxury residences, predominantly targeting the strong owner occupier market.

urban.com.au

Stage one of the Kirra Beach Hotel re-development set to launch

The Sydney Eastern City Planning Panel have approved the $135 million re-development of the former Balmain Leagues Club site.

Investment house and residential developer Heworth Holdings will be in control of the 28,000 sqm mixed-used development on the corner of Victoria Road and Darling Street.

As well as 167 apartments, there will be commercial space, including 'live/work' units, and a new public town square with a supermarket, speciality retail and a community arts studio.

The lower levels of the complex will comprise the new Tigers Leagues Club.

<img alt="" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/11/Balmain%20Leagues.jpg" />

The whole project will create over 1,000 jobs, with over 417 jobs as part of the construction phase and nearly 600 direct and indirect operational roles with the new club, retail and commercial components of the development.&nbsp;

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Heworth’s head of property Christopher Walsh described the DA approval as a “significant milestone in the site’s history and great outcome for the inner-west community”.

“We’re delighted that the project has been given the green-light and we can start work on resurrecting the site and building a new Balmain Tigers Leagues Club, for the benefit of its loyal members and the wider community, who’ll enjoy the new amenities,” Mr Walsh said.

“Heworth has&nbsp;continued to engage with the local inner-west community throughout the three year planning process and we’d like to thank Mayor Darcy Byrne and the Inner-West Council for their ongoing support and interest in the project.

Heworth Holdings comprises Heworth Fund Management, Heworth Lendbuild and Heworth Construction.

[smartcode_project:default project_id=29140]
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jrobinson-rf4aSBido9

Balmain Leagues Club site set for $135 million re-development

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The WA Government has called for offers on the former Princess Margaret Hospital carpark.
The three-street front West Perth offering encompasses a total 5,666 square metres, one of the inner-city’s largest infill redevelopment sites for some time.
Approval is in place for three titles with offers being sought for purchase as one englobo lot or as one of three individual site lots.
Situated opposite the old hospital, the former medical specialists’ carpark will play a pivotal role in the future rejuvenation of West Perth and complement the adjoining Subi East redevelopment precinct.
LJ Hooker Commercial Perth’s Brian Neo and Vincent Siciliano have been appointed exclusively to the sales campaign.
Neo anticipated the site – located on the eastern side of Thomas Street with almost 50 and 90 metres of frontage to Cook and Murray streets, respectively – would attract interstate and international interest.
He said it would appeal to developers looking for premium infill sites ahead of the next property cycle.
“This is the leading infill development site currently on the market in Perth and one of the best we’ve seen offered in several years,” said Neo.
“The site is earmarked for office and residential development under the City of Perth town planning scheme and, as an elevated site, has the capacity to offer stunning, panoramic views of the city via a future tower development.
“In addition to its large-scale footprint, any redevelopment of the site can leverage the amenity which the State envisions for the future of the Princess Margaret Hospital site, which it is connected to via a pedestrian underpass.”
The double western allotments of the carpark site each offer 1845 square metres of developable land, while the eastern allotment is larger at 1976 square metres.
“The former carpark site will have a great influence in the overall rejuvenation of the inner-city and the State Government is interested in finding a buyer with a vision to complement their intent for the precinct.”
Offers to purchase close February 22 2pm, WA time.
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Former Princess Margaret carpark listed by WA Government as infill redevelopment site

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Property developer Riverlee has received development approval for its $450 million redevelopment of the Northbank Goods Shed and surrounding land.
The disused industrial waterfront site is to be rebuilt as a mixed use precinct, Seafarers Place.
The development plans are set to deliver a 3,500 sqm public park as well as work on the historic wharf and heritage-listed crane. 
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Seafarers Place will comprise 150 residences, a 5-star hotel with 280 rooms and a 1000-seat function centre, along with a host of retail amenities.
Fender Katsalidis have designed with project with landscape design by OCULUS.
The Northbank Goods Shed transformation will signify the last opportunity to live along the waterfront in Melbourne’s CBD, Riverlee’s development director David Lee said.
Wharf restoration works began in February and are expected to be completed in the coming months, while crane restoration works have commenced with construction slated for mid 2019.
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$450 million Seafarers Place redevelopment has been approved for Melbourne's Northbank wharf precinct

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Two three-storey office properties in Sydney’s Olympic Park have come to market as a redevelopment project.
The 14,423sqm site, which comprises 6 Parkview Drive and 102 Bennelong Parkway.
It is being marketed as Quad Two and Three, with mixed-use and apartment redevelopment potential subject to council approval.
GJS Property’s Jason Wright and Chris Bailey, in conjunction with Savills Australia’s Neil Cooke and Stuart Cox, have been appointed by Growthpoint Properties Australia to market the property via expressions of interest.
More than $70 million is tipped.
Cooke said interest was anticipated from a variety of development groups looking for a residential development play with strong underlying net income.
“There are limited opportunities capable of providing a high-quality mixed-use development situated within such close proximity of all desired amenities,” he said.
Developers will enjoy the income available during the holding period, generated from a combined 10,389sqm of Net Lettable Area in the two five-star NABERS-rated office buildings.
It has a substantial passing income of $3,800,432 per annum with all leases incorporating annual increases between 3.5 per cent and 4 per cent.
The site is zoned B4 Mixed Use under the provisions of the State Environmental Planning Policy (State Significant Precincts) 2005 but will benefit from density and height increases as part of the Sydney Olympic Park Authority (SOPA) Master Plan 2030.
The Master Plan 2030 is pending gazettal, coupled with established and proposed infrastructure.
The vendor had commissioned a feasibility study through architecture firm, Turner, which has been actively involved with the SOPA’s Master Plan 2030.
The feasibility study outlines the potential for 33,722sqm of Gross Floor Area, subject to council approval, providing up to 446 units and a building height limit of up to 15 storeys.
The agents noted Sydney CBD and district views that could be attained through a redevelopment are unlikely to be built out due to the Badu Mangroves and Bicentennial Park to the east. 
Some 18 years after the Olympics, the suburb is an established urban oasis benefitting from significant infrastructure and private investment, Mr Bailey said adding developers working on surrounding residential and mixed-use projects had succeeded in capitalising on the versatility of the precinct.
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$70 million plus Sydney Olympic Park residential site set to spark developer contest

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A Bondi Beach development site has been sold off market for a reputed $20 million.
It is currently a block of two apartments and a commercial shop, boutique retailer Mister Zimi is located on the ground level at the 43-45 Hall Street property.
It was a prized land offering of 1180 sqm.
Jeremy Wiesner at new agency Wiesner Property sold the property quietly off-market, with the undisclosed buyer intending on developing the site at some point.
The precinct's last major development was the Boheme project.
Hall Street, just off the beach, has seen a flurry of activity in recent times.
A commercial block across the street sold for $5 million earlier this year. It's the home of the ground level Rice Pot Restaurant and Gertrude &amp; Alice Cafe, with a number of apartments above.
Last year Australia Post sold the Bondi Beach Post Office for $10 million when bought by Jamie Nemtsas, the co-founder of ASX-listed Murray River Organics.
Hall Street leads off the beach fronting Campbell Parade promenade, where in the last few months some of Bondi's most iconic commercial properties have sold.
The most recent was Icebergs Dining, which was <a href="/news/entrepreneur-john-singleton-sells-bondis-icebergs-leasehold">sold for around $15 million</a> by adman John Singleton.
The Australian reported it has been snapped up by the O'Brien Group, Australia and New Zealand's largest privately owned hospitality, entertainment and leisure company.
In late 2016 <a href="/expert-insights/investing/bondi-backpackers-sells-for-18-million-to-wake-up-hostel-chain">Bondi Backpackers </a><a href="/expert-insights/investing/bondi-backpackers-sells-for-18-million-to-wake-up-hostel-chain">sold for $15,512,000</a> to the Millet family, the family behind the international Wake Up! hostel chain.
The sale came shortly after <a href="/expert-insights/buying/bates-milk-bar-at-bondi-beach-sells-for-19-12-million">Bondi's landmark 1951 Bates Milk Bar</a> premises sold for $19.12 million.
The sale came to light through a post on Wiesner’s Instagram account.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/4/wiesner.jpg" alt="">
 
 
 
 
 
 
 
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$20 million Hall Street, Bondi Beach site sale

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Vicinity Centres, owners of QueensPlaza, has secured development approval from Brisbane City Council for a $36 million redevelopment for QueensPlaza.
It is marketed as Brisbane’s home of luxury shopping.
Vicinity Centres's Carolyn Viney said the redevelopment of the centre was focused on catering for growing demand for luxury brands.
It will also include two new signature restaurants, one featuring a new dining balcony looking over the Queen Street Mall.
“We want our customers as well as the over 1 million tourists who visit Brisbane’s CBD each year to take the time to indulge in the luxury and dining experience when they visit QueensPlaza.”
The new development concept has been prepared by Blight Rayner, with PDT Architects undertaking design architecture.
Vicinity Centres has appointed Mainbrace as the design and construction contractor.
The majority of development works will be completed in time for the busy Christmas period, with the entire project due for completion in mid-2019.
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QueenPlaza first opened in 2005 and houses anchor retailers David Jones and Coles as well as more than 60 specialty boutiques and high-end retailers
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$36 million development approved for QueensPlaza

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Late last week the State Government and the AFL announced a $225m allocation in the 2018/19 budget that will facilitate a major redevelopment of the Etihad Stadium Sporting and Entertainment Precinct.

This forms part of a $500m package to retain the AFL Grand Final at the MCG for the next 40 years, support grassroots football and the growing women's competitions through upgrades to local community grounds and suburban stadiums.

The Etihad Stadium upgrade will deliver upgrades for rectangular sports like soccer and rugby, improve women's change facilities and guarantees access for other codes and major events. Developed over the last two-years, the redevelopment will see AFL House demolished and replaced with a multi-storey building with improved connections to the waterfront and surrounding precinct.

The plans will be further developed and refined over the next 12-18 months, according to the AFL with works not likely to commence until 2020.

<blockquote>
We have made a committment to the government that it is a venue that is open for all sports and we've committed to that for 30 years. We have always had that attitude and this is now contractually guaranteed.

We want to open up Etihad Stadium, have a better venue and better destination and open up the precinct.

- AFL Chief Executive Gillon McLachlan
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/etihad_inline_image.png" rel="gallery-all" title="Artist's impression of what an Etihad Stadium upgrade might look like. Image: AFL"><img alt="" class="image-article-full-width-580px" height="329" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/etihad_inline_image.png?itok=6UP4UM3Y" title="Artist's impression of what an Etihad Stadium upgrade might look like. Image: AFL" width="580"></a>

<figcaption>Artist's impression of what an Etihad Stadium upgrade might look like. Image: AFL</figcaption></figure><h2>What does this mean for Docklands?</h2>

Originally breaking the story on the Footy Show, host and Collingwood President Eddie McGuire spoke about the desire to better integrate the stadium with the Docklands precinct and improve connections for visitors arriving from Southern Cross Station, with the possibility that not only would the works encapsulate AFL House but also Channel 7's digital studios.

The details of this have yet to be confirmed.

Unlike most stadiums around the world, Etihad Stadium (originally Colonial Stadium) was always envisaged as an urban stadium acting as a catalyst for the redevelopment of the former docks, with its four 'corners' eventually developing over time to fill out and assist in achieving the vision for a 24/7 precinct. 

It can be argued that the Stadium Precinct hasn't quite reached its true potential with opportunity for the stadium itself to offer more on non-event days and contribute to the activity and liveliness of the area.

Development of the remaining two parcels will go some way to improving and contributing to the area, with developments by AZX Group and Salta Properties injecting further residential and hotel program into the precinct at their 685 and 695 LaTrobe Street sites.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/685_latrobe_street.jpg" rel="gallery-all" title="685 LaTrobe Street and 695-699 LaTrobe Street. Images : AZX Group &amp; Salta Properties"><img alt="" class="image-article-full-width-580px" height="177" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/685_latrobe_street.jpg?itok=BmMoPIA8" title="685 LaTrobe Street and 695-699 LaTrobe Street. Images : AZX Group &amp; Salta Properties" width="580"></a>

<figcaption>685 LaTrobe Street and 695-699 LaTrobe Street. Images : AZX Group &amp; Salta Properties</figcaption></figure>Most critically, however, in the mind of this author is the redevelopment of Harbour Esplanade and whether any funding from the State Government and/or AFL will be allocated to finally get this key project realised, after a number of false starts over the years. 

You can read more about the now approved Master Plan for Harbour Esplanade devised by Hassell <a href="https://urban.melbourne/planning/2015/04/29/places-victoria-moves-ahead-harbour-esplanade">here</a> and <a href="https://urban.melbourne/design/2014/12/12/places-victoria-submits-harbour-esplanade-masterplan">here</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/harbour_esplanade_summary_0.jpg" rel="gallery-all" title="Harbour Esplanade Master Plan Overview. Image: Hassell"><img alt="" class="image-article-full-width-580px" height="375" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/harbour_esplanade_summary_0.jpg?itok=OE9EWTro" title="Harbour Esplanade Master Plan Overview. Image: Hassell" width="580"></a>

<figcaption>Harbour Esplanade Master Plan Overview. Image: Hassell</figcaption></figure>
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Redevelopment

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