Being that your browsing cul :P
and ive been trying to get an opinion out of you for a little while now.

Being that visions worth 650,000,000..

should we expect extremly high quality cladding? like in the renders?

(Im just comparing this to Q1 obviously, since its bigger but cost less to build)

Q1 was what? 300,000,000?
Vision is 650,000,000
whats eureka?

u sure vision is 650 mill? sound a wee bit expensive for what is has to offer. Price can make a difference sometimes but not in all cases ie. bankwest perth cost $120m to build and its fantastic!

is vision more apartments than office space?

it is 650,000,000
Their site says so.

Yes, alot more apartments than office space.

650m in todays money which would be around 550m by the time contruction begins

ok having said its mostly apartments 650mill seems way out! It may be a steel or composite structure which could determine the high cost?

how that makes sense ill never know.

How cna u lose 100 million in a year

from their website:

AUSTCORP GROUP UNVEILS
BRISBANE’S TALLEST BUILDING

$650 MILLION VISION GIVES CITY ITS OBSERVATION DECK

National property group Austcorp Group Limited today announced plans to develop Brisbane’s tallest building, a $650 million residential, commercial, retail and tourism tower to be built on Mary and Margaret Streets in the CBD.

Austcorp executive chairman Trevor Chappell said the company has lodged a development application with Brisbane City Council for an 80-level building which will rise 250 metres, comprising 424 apartments, 30,000sqm of commercial office space, 6300sqm of shops, cafes, restaurants, health and lifestyle facilities, and a two-level observation deck of 2000sqm at the 60th level. All car parking will be underground.

The tower, called Vision, is to be developed as Brisbane’s first “vertical village” – a self-supporting community designed as a network of linked neighbourhoods within a single building shell, providing a new centre of amenities and activities.

It will be Brisbane’s tallest building and will give the city an observation deck which will become a main tourist attraction, serviced by a retail and activity hub at the street-level public plaza approximately one-quarter the size of Queen Street Mall.

“Vision gives Brisbane people their observation deck to rival Melbourne’s Rialto Towers and the Sydney Tower. It puts Brisbane on the map and is the iconic building that Brisbane has been calling for,” Mr Chappell said.

Vison is to be developed on a substantial 5500sqm city block site spanning Margaret and Mary Streets in the CBD’s garden precinct.
“The size of the site, in comparison to other tall buildings being planned for Brisbane, is the key reason why Vision is different and why we believe it will be very appealing to the public,” Mr Chappell said.

Being Austcorp’s largest project to date, Vision boosts Austcorp’s work book in Queensland to $1.5 billion, over half of its national $2.8 billion development portfolio. Austcorp is also the developer of the successful Coomera Waters, a $500 million master-planned eco community in the Gold Coast.

The external appearance of Vision is defined by a state-of-the-art glass façade. The residential apartments have unsurpassed views and sky balconies which provide an indoor/outdoor lifestyle through operable glass louvers.

“Vision is a unique building of world class standards architecturally and aesthetically. It will be regarded as among Australia’s most outstanding statements of modern architecture,” Mr Chappell said.

“Vision is the quintessential expression of modern Brisbane, a mark of the city’s maturity, energy and an architectural statement that holds its own on the world stage.”

Another defining character of Vision is the people-centric design, with generous public spaces and amenities and, more distinctively, the prominent use of public art.

Accessibility at the lower and ground levels, with retail and lifestyle outlets in the plaza and avenue, threaded by gardens, water features and art display, will create a vibrant inner city community.

“This is a building not just designed for owners, residents and leaseholders but gives a new people-friendly activity centre to one of the city’s oldest and grandest precincts. Our goal is to create a building that gives back to the city and which the entire city can be proud of.”

The vertical village concept means Vision will function as having several discreet precincts for residential apartment living, offices, retail shops, al fresco dining and lifestyle amenities.

The building’s precincts comprised of 80 levels are:

A major public plaza at ground-level – equivalent to a quarter of Queen Street Mall creating a mid block pedestrian promenade between Margaret and Mary Streets and serving as a vibrant focal point for the retail precinct;
55 floors of residential apartments;
12 levels of commercial office at the base of the tower;
2-level observation deck and sky lounge;
3-level podium accommodating retail, restaurant and associated activities, located below the tower and spanning the site from Mary to Margaret Streets; and
8 levels of underground parking for 770 vehicles.
The design is the result of a national competition, with submissions from six leading architectural firms. The brief was awarded to the Brisbane office of national architectural firm the Buchan Group.

Vision will embody the latest in environmentally sustainable design principles and will meet the Green Building Council of Australia’s “Green Star” assessment criteria.

Austcorp bought the site last November for $24 million. The company will begin construction of Vision mid next year, subject to approvals, with completion progressively through 2007 and 2008.

Austcorp plans a staged marketing release for the project, with the residential apartments to be available to the market in late 2004/early 2005.

Austcorp Group Limited is a national property developer and investor active in greenfield, residential, commercial and industrial developments. The group has a development portfolio in excess of $2.8 billion, including 5,700 residential lots and 1,900 apartments and 100,000sqm commercial space across New South Wales, Queensland, Victoria and Northern Territory. Austcorp also has funds management and property investment arms and operates strategic businesses Spare Room Self Storage, Winevault and Rainpure.

maybe the doornobs are made out of gold. just a thought

lol
look out if people conduct static electricity! :D

I really wish cul would answer lmao.
This is the third or fourth time ive directed the question @ him lol.

i just dont understand where all this money is going. My only thought is that it is gonna be going to the materials being excessivly high quality.

if its of a too high quality that means apartments will be $$$ and might not attract ppl.

u cant argue with what it says.

Heres some more pics i put together form the flash animation
http://tinypic.com/eepdw

The original cost of Eureka which includes 3 star hotel and office space was 500mil. The planed hotel and office space was scrapped i think. So now the the cost of just the residential tower now is 400mil. Although Vision is part office part apartment, 650mil is a bit excessive for a 250m tower.

I really wish cul would answer lmao.
This is the third or fourth time ive directed the question @ him lol.

i just dont understand where all this money is going. My only thought is that it is gonna be going to the materials being excessivly high quality.
hi blend, ive actually been awaiting an email answer from Visions architect about the towers glazing/ construction costing ect. Hope he gets back to me soon?
ill let you know what he says.
cheers

Guys, there is no way in hell that Vision would cost $650M to build. This figure would include their profit, land value and all fees. Developers always quote different figures in their press releases, sometimes they mean construction cost, sometimes they quote project worth as meaning how much it is valued in terms of sales, or project worth in terms of how much inclusive of land costs etc. In my experience, very rarely do developers actually disclose the contract sum, until a builder is appointed and construction begins.

I would assume that the $650M is the sellable value of the apartments, retail and office space. Stab in the dark, I would extimate the construction cost as maybe $300-350M at the most.

As far as the facade goes. Facade is always the second highest construction cost after structure, and it is always the first thing to be rationalized in value management. Vision has a lot of "wintergarden" style glass louvre cladding on the apartments, which is expensive as all hell and very rare particularly in qld. I don't think the office facade would be a double skin, probably just insulated glass cladding and shadow box spandrels....basicly standard high rise stuff.

Only 72 levels above ground...

Rialto is what? 60? go res towers :)

I think Rialto is like 58 levels above ground? Ob deck is level 55, then you have 3 floors above that. If you include the plantroom up top it's 59...

Anyway, I sure hope vision's facade is made up of glistening, high quality reflective glass. Not too dark, I think the way it is in the renders is perfect. How often does the final product look liken the render though? Not very. Lets hope this is an exception.

Rialto has a total of 63 levels above grd.
Vision architect got back to me and said the $650mil is total cost as fountainhead mentioned. The tower would be approx half total cost, thus-$325mil.
cheers

it really is a grand old building, should last for many many years. bummer its not in melbourne though!

Yeah, $650m with 424 apartments doesn't add up (avg=$1.5m), so there's no way this figure was ever going to be for the apartment tower only. 30,000sqm of office space will certainly eat some of this budget.

Anyway, not too much point in getting excited about a facade for any apartment building....they all heve curtains/blinds which invariably make a hotch-potch of the facade.

this has double facades doesnt it?

plus probably their strict about what u can have

If it's mirrored glass, i doubt you will see the curtains inside very much.

cept at night, when it will look cool

Wow, where have I been, I didn't even know about this! If it gets up it will be very cool indeed.

lol. its been my avatar for ages :P

cept at night, when it will look cool
Yeah it won't matter at night. You will only see the light and then dark as far is the curtain is drawn.

yeah well the retail part down the bottom will proabaly be fairly exspensive, looks extremely futuristic and modern.