http://img51.imageshack.us/img51/3708/embr10pi.jpg (http://imageshack.us)

http://img51.imageshack.us/img51/7062/embr25sd.jpg (http://imageshack.us)

http://img51.imageshack.us/img51/4757/embr39up.jpg (http://imageshack.us)

man these towers looked messed up
sorry

I've tried to like these towers but they are just incredibly ugly. It's like someone just dusted off the blueprints for a 70s Goldcoast tower. Are people fooled by the stupid alternating 'wave' balconies into not noticing what this really is; a vile concrete monstrosity, and one that will be strata-titled and never ever be demolished?? And so lazy. We've seen the wavy balconies, the pond & fountain, the palm trees, the square umbrellas all before.

They dont fit into the Perth skyline they should be built in Adelaide

Lets delete all the other pix and just use this one lol…this I would say is much closer to the mark of what they will look like.

http://img301.imageshack.us/img301/752/02080517333nx.jpg

harrys using the "light tan colour" alot in recent projects. really is a nice change
he did it with Sydney's COVE.
>http://www.seidler.net.au/graphics/031_DT01.jpg

I like the second original two tower design SO MUCH better, the one with the larger fatter tower at the back and the taller, slimmer tower at the front so they were NOT twin towers. I think the gap between the towers is not big enough and so from many angles we get such a big wall of concrete which really doesnt fit the profile of the skyline because the skyline is not bulky. I know that will change over time and this view will be only temporary, but go back to the other design it was so much more dynamic. The only concession for this one is that they do match QV1 and the view from Kings Park will clearly show the gap between the towers so will look ok.

The benefits for the city also outweigh the aesthetics.

Oh my god, they're hideous. What a way to ruin a city all in one fell swoop. I hope their financing fails before they can be constructed. This goes beyond mere mediocrity, they resemble the 50-story slum in Johannesburg.

This was designed by Seidler was it? I can't believe we gave this vandal his citizenship back. I wouldn't give him a tourist visa. Let him take his overbearing quasifascistic monuments back to Austria where they clearly belong.

As usual, the towers destroy the streetscape by not even touching the ground. More barren plazas instead of buildings that interface with pedestrians by presenting a face to someone less than 100 feet tall. Seidler's plazas are invariably depressed and windswept and fundamentally a testament to the architects love of drawing wavy lines rather than a gift to passers-by.

At the other end, the tops look unfinished. And look at the stupid misproportioned 'featurettes' on the roofs - that's classic Australian ugliness. Trying to polish a turd by sticking a point of interest on rather than make the whole building worthwhile.

Seidler's ascent is a testament to the rewarded incompetence and impermeability of the modernist and postmodernist architectuaral academic elite. His buildings in Sydney, despite being some of the most notable in the development of high-rise in Australia, after 40 years still look the *least* like they actually belong there, and have steadfastly resisted being absorbed into the urban fabric. That's quite an achievement, since cities are like bodies and tend to absorb and adapt around whatever foreign material is stuck in them from time to time. In fact, his buildings remind me of the alien structures from Half Life 2, and they've been stabbed into pretty much every australian city with minimal adaptation. How arrogant is that? Seidler is actually *insulting* us with these buildings, by saying that all our cities are the same and that he can design buildings interchangeably. And he's getting paid millions to do this. I wish someone would pay *me* millions to insult people.

White/tan rendered concrete for everyone. Never mind Sydney's sandstone baroque, melbourne's bluestone gothic, adelaide's sandstone colonial, perth's red brick and limestone eclecticism (now mostly destroyed) traditions. Never mind context. Never mind any notion of progress, he thinks he's perfected architecture and now the world and all it's people just have to be moulded to fit it. Screw him.

This is quite a long rant for a re-de-lurking post, but that render really appalled me.

Whoever designed those needs to be stabbed in the eye with a spoon.

Oh my god, they're hideous. What a way to ruin a city all in one fell swoop. I hope their financing fails before they can be constructed. This goes beyond mere mediocrity, they resemble the 50-story slum in Johannesburg.

This was designed by Seidler was it? I can't believe we gave this vandal his citizenship back. I wouldn't give him a tourist visa. Let him take his overbearing quasifascistic monuments back to Austria where they clearly belong.

As usual, the towers destroy the streetscape by not even touching the ground. More barren plazas instead of buildings that interface with pedestrians by presenting a face to someone less than 100 feet tall. Seidler's plazas are invariably depressed and windswept and fundamentally a testament to the architects love of drawing wavy lines rather than a gift to passers-by.

At the other end, the tops look unfinished. And look at the stupid misproportioned 'featurettes' on the roofs - that's classic Australian ugliness. Trying to polish a turd by sticking a point of interest on rather than make the whole building worthwhile.

Seidler's ascent is a testament to the rewarded incompetence and impermeability of the modernist and postmodernist architectuaral academic elite. His buildings in Sydney, despite being some of the most notable in the development of high-rise in Australia, after 40 years still look the *least* like they actually belong there, and have steadfastly resisted being absorbed into the urban fabric. That's quite an achievement, since cities are like bodies and tend to absorb and adapt around whatever foreign material is stuck in them from time to time. In fact, his buildings remind me of the alien structures from Half Life 2, and they've been stabbed into pretty much every australian city with minimal adaptation. How arrogant is that? Seidler is actually *insulting* us with these buildings, by saying that all our cities are the same and that he can design buildings interchangeably. And he's getting paid millions to do this. I wish someone would pay *me* millions to insult people.

White/tan rendered concrete for everyone. Never mind Sydney's sandstone baroque, melbourne's bluestone gothic, adelaide's sandstone colonial, perth's red brick and limestone eclecticism (now mostly destroyed) traditions. Never mind context. Never mind any notion of progress, he thinks he's perfected architecture and now the world and all it's people just have to be moulded to fit it. Screw him.

This is quite a long rant for a re-de-lurking post, but that render really appalled me.


Dont ever post here agian becuase there is many people including myslef that would tear this bullshit appart.

But Perth desperately needs more towers. For a city of 1.8 mill, there are so few towers here.

Brisban is 1.8 perth is 1.5m or whatever. Perth does need more tower's and like westpoint have said there is demand and increasing demand for residential tower's thats why there staging it over time to make sure there effort and hard work get's realized.

People are making a judgment on the tower's never seeing a decent picture or render of them, i will wait for the video that chris and diaz say they have.

http://img301.imageshack.us/img301/752/02080517333nx.jpg

Is that a 50 storey high staircase hanging on the side of the shorter tower on the left?

Dont ever post here agian becuase there is many people including myslef that would tear this bullshit appart.

Go ahead, champion.

lol. I dont mind his rant.
At least he made it legible and it sounded educated.
As opposed to "F**k thats a piece of Sh*t"

is ur quote from pokey the penguin?

.
As opposed to "F**k thats a piece of Sh*t"

That's what I *thought*, the rant is just a fancy way of saying it.

is ur quote from pokey the penguin?

<strike>YES!!</strike>

man i hate when people say 'ALOT' instead of 'A LOT' :P my rant is also over.

i don't see the problem with the design, it can be quite iconic for Perth in my opinion.

First your bullcrap about HS being a australian citizen was well over the top.

The point about it looking like a slum, the scans are not high quility and the picture of the render looks better .

The point about how his building's dont mold with city's is a good point they stand out from the boring glass tower's that chew through power and are impossible to manage in terms of floor plans. Qv1 is the best building perth by a long shot, it's energy efficent and can be worked with well, even HS selection of ceiling tiles are better than that of CP and Bankwest.

Riverside Centre is one of the best buildings in Brisbane...
As is Riparian.

For tenants at least. Maybe not for us people who look at the externals.

I assume the same can be said for all Seidler buildings.

pretty hard to judge from the pics, the model was a better judgement and it looked pretty good, though thats part of the skyline is harry overkill... i want more detailed colour information... cove in sydney looks good, what surprised me so this can to i guess

Riverside Centre is one of the best buildings in Brisbane...
As is Riparian.

For tenants at least. Maybe not for us people who look at the externals.

I assume the same can be said for all Seidler buildings.

Not all rapian is not the greatest from the out side but MLC, QV1 are good looking.

http://img296.imageshack.us/img296/4356/embr39up5jt.jpg

as if*

First your bullcrap about HS being a australian citizen was well over the top.

As is your command to "never post here again". *lol*, I love internet threats, they're hilarious. "Get outta dodge before sunrise!". Let's step outside of the glass house for this stonefight, ok?

The point about it looking like a slum, the scans are not high quility and the picture of the render looks better .

No it does NOT look better. The render is precisely what I'm referring to in criticising the ground level flaws of this design. What's that I see? Stilts, lifting these edifices to loom above the heads of pedestrians and cast their shadows into the undoubtably gloomy void spaces below. Blank faceless, windowless walls for as much as three stories. Car park entries. They might as well have drawn in the rubbish bins and skips, collapsed cardboard boxes, rough sleeping homeless, seagull shit and all the rest that this kind of streetscape entails. Oh, and a grand total of four trees. Nice.

Speaking of misleading, the scans show 70's brown while the billboard shows bland grey. What's it to be? Can't they keep their stories straight?

The point about how his building's dont mold with city's is a good point they stand out from the boring glass tower's that chew through power and are impossible to manage in terms of floor plans. Qv1 is the best building perth by a long shot, it's energy efficent and can be worked with well, even HS selection of ceiling tiles are better than that of CP and Bankwest.

It *is* a good point. His buildings stick out most sorely where it matters most: at ground level. His plazas break up well established street vistas. His materials never match those of his surroundings. His forms are always wavy no matter what the predominant lines of the surroundings are. It's obnoxious individualism.

Skyscrapers are wonderful things, they can be sculptural and beautiful in the sky. They can have more than 100 stories of space to do whatever they want to do in, but they should respect the city they're in at ground level because the ground is where people are.

Secondly, to praise him for doing no more than utilizing a thousand-year-old invention - the windowshade - is faint praise indeed. Sure, *other* architects should be spat on for *not* doing so and creating glass hotboxes, but for a few hundred million, he ought to have more to show for himself. Seidler's buildings are luxury items, and whether or not the lucky inhabitants have nice ceiling tiles is of much less importance than the effect they have on the vastly greater number of people who have to inhabit the city outside.

Lastly, these particular buildings have provoked gut disgust from both plenty of people on this thread, myself, and a bunch of other people I've shown them to, all Perthites. Architecture isn't like painting, where the artist just has to please his patrons, architecture has to be widely accepted since it impacts the social environment directly. This doesn't pass the taste test. It should be canned.

I could not disagree more, perth lacks life and the this building will add just a bit of what we need. This will be Perths first real resi building and will open the flood gate's to new development in the next 20 years and really change our city from a buisness center to a people center what a city really should be.

This got the nod and i dout even the nimbeys will stop it now it's, sell, sell, sell.

^i agree. CBds keep the city a buzz 9-5 and residential keep it going after hours. Most cities now in Australia have finally embraced the highrise apartment tower. And first time ever that each city in Australia has an aprtment block as its tallest building! (except perth & Adelaide) but new projects arent far behind.eg-Swan in perth & bentham st tower in Adelaide).
not sure if perth will get a taller resi then 249m Cp but never know these days.
cheers

Hi, I've been reading the posts on this forum for a while now, but this is my first post...

I have to say that I'm a little bit wary of the design for these 2 towers but I get the feeling that they will turn out better in real life. Plus I think the benefit that they will give to the city will be immense (and will hopefully be successful enough to inspire future developments). BTW, does anyone know when this proposal is going to the Planning Commission or does it already have approval from them?

WAPC are yet to give this approval, but they are a walk over in comparison to PCC.

I've tried to like these towers but they are just incredibly ugly. It's like someone just dusted off the blueprints for a 70s Goldcoast tower. Are people fooled by the stupid alternating 'wave' balconies into not noticing what this really is; a vile concrete monstrosity, and one that will be strata-titled and never ever be demolished?? And so lazy. We've seen the wavy balconies, the pond & fountain, the palm trees, the square umbrellas all before.

Yeah, the towers leave just a little to be desired. The podiums decent, though, as is the enclosed area.

The towers, though... :baaa:

^i agree. CBds keep the city a buzz 9-5 and residential keep it going after hours. Most cities now in Australia have finally embraced the highrise apartment tower. And first time ever that each city in Australia has an aprtment block as its tallest building! (except perth & Adelaide) but new projects arent far behind.eg-Swan in perth & bentham st tower in Adelaide).
not sure if perth will get a taller resi then 249m Cp but never know these days.
cheers

lol wooahhh there buckeroo! take it one step at a time with Perth, i mean we knocked back extended trading hours! :eek2:

lol wooahhh there buckeroo! take it one step at a time with Perth, i mean we knocked back extended trading hours! :eek2:

Well the past is not important what we need is some clever thinker's to start doing the thinking. Swan Pano will bring more tower's in the future and the people from the resi will bring the need for the services and the cafe's and pubs they will want cinema's and places to enjoy themselves thus perth the peoples city will be born.

aux i dont belive sydney city shops open late everynight so whats some heatless maul in suburbia going to do for the cbd? sweet fuk all

shit can we all wait for some better renders before we condemn this bitch?:D

better renders?

First thing that sprung to mind when I read that was 'You can't polish a turd.' :P

c'mon guys it dont look that bad even the poor quality of rendering!! At least the curved balcony break up the monotony of glass curtainwall. i reckon this would look ok at night.
But they could improve the design by making the building a bit more slender (like other Seidler apartment towers in Sydney) so that it's not so dominant :)

these towers are actually quite slender, but very wide at same time like FWP.
have we seen them as viewed from CBD? thats where they would be thin.
http://img51.imageshack.us/img51/3708/embr10pi.jpg

oh yeh that's true. I guess it has a blade shape, need to see it from another angles though. May be it was designed that way to protect the view from the parliament house precinct?

its an ugly building. it should have a more glassy look like most buildings in the gold coast

Well this building is on the end of our skyline and will open the flood gates to more 120+ meter resi buildings.

If you think it's ugly well its a small price to pay, developers dont even look at perth for large projects because they are constantly rejected and waist millions on projects that will never happen.

Westpoint are not taking chances look at the way the building is staged. This will get built.

If you think it's ugly well its a small price to pay, developers dont even look at perth for large projects because they are constantly rejected and waist millions on projects that will never happen.



Ummm.. which have been rejected?


Reliable sources tell me this development will be known as Parkwest now!

lol things change name like the wind now!:D

Some live in hope for the tower designs to change oNce again :D

Icon was approved then rejected.

Trust me developers wont go near perth i comend westpoint for sticking at it, even with vacancy rates low and absorbtion fast than sydney we wont get that many new towers over the next ten years.

As for residential it has hardly kicked off and the PCC is hard to convince . We need a private board that can give there expert advice to the perth councils so we get better qaulity projects approved.

Your making me confused here Citystyle lol.

Icon was fully approved by the Perth City Council. It also exceeded the sites plot ratio by 56.5 per cent, 71m taller than normally allowed. By saying rejected, what do you mean?
All indications say it hasn't been canned, just redeveloped. Even if it did get the boot, it’s not like its uncommon in any city for developments to bite the dust.
Also there are more apartments going up in Perth today then ever before.

If you’re saying Westpoint were the first to have the guts to come up with such a huge residential development, well it’s true. Perth hasn’t yet fully braced apartment living like the East Coast but that’s understandable because our suburbs are much nicer than theirs…:D

Trust me developers are to scared to go full steam into perth wy do you think we are getting half hearted projects from the small blokes all the time.

does anyone know if this has been approved by WAPC yet? If not, does anyone know roughly when this will happen?

I'm pretty sure the WAPC approved the concept quite a while back but that was when the towers were shorter. I don't think it is an issue.

it looks to bulky . it needs to look slick and exciting

???

It's a thin tower.

2 renders from the Westpoint site:

http://www.skyscrapercity.com/photopost/data/500/379emubrew1.jpg__http://www.skyscrapercity.com/photopost/data/500/379emubrew2.jpg?9449

look Perth people are slow to understand that is FAR more economical to buy into one of these investments than it is to buy a block in Clarkson due to the rising petrol prices and lack of infrastructure of the particular area. IF one dons on their thinking cap and realises that buying an apartment in the CBD or within 10km's from the CBD then they will save a lot of money.

Perth CBD is the central 'TOD'' in the grand scheme of making Perth a network city so if the place is near rail infrastructure, has shops, work place is close, sporting venues, night spots and other things Perth has to offer, why are the Perth public so slow?

I will tell you why, it is because we have been isolated for so long that it is a permanent fixture of our way of thinking. AND having PCC members or any local government from this school of thought will be very reluctant to approve such projects, but rather bastardise it and make the developers go back to the drawing board and make a new plan for the project.


i think Swan will take off as well as others being built. PCC are realising that this is the future to create a sustainable city.

Well thats evident.

DTZ have been chosen for the valueing of swan pano, they also do the same for buaj Dubai.

looks a lot better in that new render. it looks better in white rather then in that creemy colour.

Thats a not a new render. Its of the previous design! The better one....

Re-Name the thread Parkwest tower.

matt_sb good news this tower is white.

http://www.westpoint.com.au/downloads/Onpoint_property.pdf

so the project is called PARKWEST?

is it??? :O :S

well i think it will be great as it will be a great instrument on conveying the message that living as close to the city as possible is easier on the wallet than living in the outer suburbs.

i think it looks great the project. 70's it may be, but look around Perth and there are 70's buildings that are royal shockers like the Art Gallery. Man i wish they smash it down and build either a new one, or one in an older design like edwardian or victorian style.

so the project is called PARKWEST?

Yeah - with sales to start later this year and construction in early 2006 (according to the newsletter).

thanks. i liked swan pano.ah well, parkwest it is.

Swan pano sounded better. O well

I'm pretty sure the population is sitting almost exactly on 1.5 mil.

BRISBANE,
Turn your caps lock off mate. Also, please don't start any arguments that aren't necessary, you will make our Perth compatriots hate all of us QLDers. :)

Funny because perth is only just behind brisban/gold coast population growth from other states, people from other australian city's are moving to perth, not leaving

. We are seeing alot of development but the developers are being carefull, becuase they dont want to loose money.

Your so far of the mark it's funny then add your lake of knowledge and capital letters. Wel.

Perth and WA is more stable eceonomicly than any other state in australia and growth, steady. Wow you are really really of the mark.

No offence taken.

What is your opinion based on?

WezZa i think no less of you education system after that rant.

LOL
I was just about to come back on here and mention how WA is growing at the 2nd fastest rate in the nation, but it looks as though you beat me to it.

jeezus, its so ugly. perth actually looks good with only two tall buildings. This 70's crap will spoil it. but i suppose it will make perths' skyline catch up a little to the larger cities in australia.

It would class as sexy compared to some of thos brick's in brisban.

Sorry look at his sig.

Amazing.

Well nobody is doing better than brisban not even melbourne.

Some people have there opinions about this tower, but its design IMHO is very sleek, with nice 70's curves half oval balconys. WA ecenomicly is doing just better than Queensland but WA is yet to see some skyscrapers.

300m above sea level, i think.

AND ALOT OF THE TIME---USUALLY IN THE 90's NOW. PEOPLE WERE LIKE SYDNEY AND MELBOURNE, THEY WERE LIKE AUSTRALIAS ONLY TWO CITIES OR SOMETHING...BUT NOW THAT BRIS IS GONNA BE BIGGER THAN MELB IN A DECADE OR SO. THEYLL ALL BE LIKE SYD MELB AND BRISBANE, WHICH LEAVES PERH AND ADELAIDE AS LITTLE BORING TOWNS WHERE NOTHING MUCH HAPPENS----------IF YOU CAN KINDA UNDERSTAND WHAT IVE BEEN SAYING. AND NOW THESE UGLY S**TPILES ARE GONNA MAKE PEOPLE WHO VISIT (very few) THINK EVEN WORSE OF PERTH.

yer brisbane is hell gunna be better than melb and sydney , with its shit brown river, box skyscrapers, lack of good beaches besides at your islands, only getting tourists that come from the GC and lovely stuck up cunts like you.


wish i could live in brisbane!


*btw dont try and be positive now because you got a word or two from one of ure fellow QLDers and as if you wern't trying to start fights because all the shit you said.

just remember brisbanes tallest was 180m up until earlyish this year.

with cp it is actually 226m where the spire starts because you can go up there and view it, when i went on the roof the lady asked me if i wanted to go up there, didnt have enough time so its habitable therefore its 226m and than 249m to SPIRE not Antenna.

yes height limit is 300m above sea level. The 54storey Westralia Square would of topped out at 299mRL if built. (287m above grd).
no funny business BRISBANE.
cheers guys

Jesus christ ure as rude as me...sorry i hope no one took offense.


your caps lock rage was a bit out of tune but i am glad you realised. i will leave it at that :)


now as your punishment u must be a suncorp stadium 2nite (Friday) to support your team (QLD Roar) against Sydney FC :P

bloody queenslanders, think there better then us. there all the same

true and as if he didnt mean to offend look at the stuff he wrote, eg. know one wants to move to perth, that deserves like a 3 day banning lol.

For christs sake BRISBANE, your entitled to your opinion but you don't have to act like an arsehole when showing your dissatisfaction of the design,
I've read what you have said about London, and I feel its in your best interest to not talk about things you have no idea about.


Anyway, back to building, it dosen't belong in perth, and those big thick exposed concrete balconies remind me of Sun Hill (The Bill). The shape isn't bad, however.

and the administrators encourage productive or something debates...i didnt swear so it couldnt have been banned for it, you cant be banned for being not well informed.


but what you posted is counter-productive and you weren't mis-informed, just ignorant.

swan panorama is not approved

If you count spires

Vision 280m Approved
Riparian 250m Approved
Emerald 229m On hold
Aurora 207m Construction
redcross building 210m+ proposed
5## Queen St. 195m proposed
4## Queen St 186m proposed

then q1 and soul will become ours when the gold coast becomes a bunch of our suburbs and we become a sprawling city in 2 states of over 3 million.

and the administrators encourage productive or something debates...i didnt swear so it couldnt have been banned for it, you cant be banned for being not well informed.i'd rather live on the gold coast than brisbane, brisbane is second rate to the gc

i'd rather live on the gold coast than brisbane, brisbane is second rate to the gc


you have to be fucking joking.

You told him off, but don't lower yourself to talking shit just like him.

This thread has been freakin hilarious. Im getting the popcorn out for this one.

mods delete this spam.god dammit.

yeah, its gone. hold that popcorn grantus.lol

Damn it! It's in the micro wave. arrggg, I guess i'll have to get up and turn it off.

Welcome to the WA Threads ..spam central..lol

i'd rather live on the gold coast than brisbane, brisbane is second rate to the gc I think its the other way around.

The gold coast is the same as any WA beach city but with highrise, and bad highrise at that. Gold coast is fairly run down at street level.

Welcome to the WA Threads ..spam central..lol
chrisaus: true true hence the spam thread that isnt used... and hense why its very rare i come on here or post, because its a waste of time... dilaz is getting the same to

I see what you mean but sometimes it’s funni shite:D
Don’t stop posting man.

Garden City thread is as almost as bad as this.

er its not called garden city, cant remember the name but its not garden city lol.

Sky Garden sorry, you could not remember as well.

And the spam continues

i'd rather live on the gold coast than brisbane, brisbane is second rate to the gc
Don't comment on something you know nothing about.

true


but what came about the name change of the project? :o

Well see the link last page.

It think they are pushing the park bit and west city to make a quite little tower complex, hope it helps them sell some appartments.

wow, its been so long since ive been here my nickname was deregistered :\

with all the moronic SHIT thats been said by so many in this thread im reminded why i left.

anyway....

DAMN those things are ugly. completely unsuited to perth and the known universe and 100% unoriginal.

i hope they dont go ahead.

oh yeah

and i completely agree that buildings on stilts are a step in the wrong direction for perth. our city doesnt engage pedestrians and these add to that problem.

and i forgot to say

the whole thing looks identical at ground level to qv1. and what a wasteland that area is. not more of that please.

Wasteland only to the people that pass it.

If you dont know anyone, and have zero imagination i cant help you.

Well i like them and know they will be the biggest aset to perth for a while and will one day be recognised for there buity.

Cant wait till they pass objection free through WAPC and the first tower is complete and second 2/3 of the way up and people go what i never heard about this and start complaining what a wonderfull outcome with nimbys complianing left right and center and completly powerless.

... its ugly! But just like the convention centre (SHED) people will get use to it.

Even if you think there ugly they will look alot better when built.

For instance there is 10,000 people in the melborune CBD and growing and these tower's should hold 1,500 plus. So these towers will help in 1,500 plus ways for perth.

I think the renders make these buildings look shit. Hopefully they will turn out better in real life because in most cases i have found renders can be quite off in colour, space between balconys ect.

I wouldnt think ether that the good architech's of perth(or wherever there from :P) would make somthing that wouldnt fit in(as we can see in the renders). Im shore they have there own profesional renders that look great, and that they don't want to show us. Well i hope anyway.

If they dont fit in and they do look as crappy as the renders, then for shame on them for doing somthing so lovely all the way untill now, and then recking it with this....

seidlers works arnt lovely, there okay.

^ There all the same..

This was quoted from the editorial from indesign issue 22 and i think it relates alot to these towers..

"In Australian cities, we are now having to confront the issue of increasing density in response to diminishing amounts of land and a primitive public transport infrastructure. But a critical issue remains unaddressed: How to create density without the potential alienation that comes with high-rise towers. One way is to explore low- to medium-rise housing with mixed demographics. The other way is to have high-rise, but ensure that what happens around the footprint - indeed, the surrounding precinct - provides for the needs of the inhabitants. This proposition has been repeatedly argued by Harry Seidler, but ignored.

So far, the only concern with such amenity has focused on childless singles wanting to have a good time in coffee shops, bars and restaurants. If families are to be asked to vacate their quarter acre blocks, they need to be given viable alternatives which do not consist of individual buildings constructed as cheaply as possibly and oblivious to the real needs of the inhabitants, their neighbours and the neighbourhood."

A lot of people in this form seem to be focusing on the very short sightedness of just the superficial design, and not the overall impact and benifit these buildings could lead to. If you look at a number of the great buildings of the world, many people at first did not initally like the designs but over time they were won over. Most people are inheritantly conservative and shy to new things that are out of their comfort zone. I have a feeling ppl will get used to these once they have been built, and many will come to like them just as many have with the QV1.

true but QV1 is okay not stunning.

Qv1 is a stunning building when you look under the skin.

Were if you look at ASX in perth it's great from the outside but it's one of perths worst under it's dark glassy skin.

Hopefully the renders dont do justice to the finished product. Which begs the question, Will there be a finished product?

What is the current status, is it still going through the motions to gain approval?

how do u know all this citystyle?

how do u know all this citystyle?

becuase when you have to refit the building all it's cut backs in quility and poor design is revealed and QV1 is the best designed and built, building in perth by a long long way.

WAPC have approved the development. Full steam ahead for construction to start in 2006.

Some one change to approved.

excellent. ill update here and emporis.
cheers

how do u know citystyle? i went to the dpi,they wouldnt tell me.

Thank you for your email.
The WAPC conditionally approved a development application for two towers on the old Emu Brewery site in August 2005.

Aye, thx for finding out! wonder what the condition(S) were?

Are they building them together or one tower at a time? Because if they do it individually I feel sorry for the people who move in to the first tower while construction is going on next door.

the are staged.thats life for u. im sure its no different if a tower is going up next door or across the road.

Aye, thx for finding out! wonder what the condition(S) were?

... design a better looking tower?

I'll lay odds that these towers don't get built in the short term (i.e. start early next year). Hope I'm wrong, but the world economy is in danger of taking a hit because of high oil prices, amongst other things, and this land has been bouncing around for years waiting to be developed.

I'll lay odds that these towers don't get built in the short term (i.e. start early next year). Hope I'm wrong, but the world economy is in danger of taking a hit because of high oil prices, amongst other things, and this land has been bouncing around for years waiting to be developed.

Oil prices are helping residential tower sales. As far as consumer spending goes the people buying these appartments are not going to be botherd by oil prices.

Just becuase the banks are doing shit with oil prices does not mean the economic state of the world is bad. Similar thinking to dumbarse federal government.

Ill say mid to late next year with sales starting soon.

In terms of fuel prices for cars, you're right, it is causing people to at least look into moving into the CBD, at best they are buying, but higher oil prices impact a lot more than that. Plastics, lipstick, av gas, tennis rackets, car insulation, heart valves, shoe polish, ball point pens, fertilizers, just to name are by products of oil. If prices starting pushing towards $100 a barrel then consumer spending will take a big hit, most companies so far have been trying to hold down the prices of their goods keeping a lid on inflation and keeping prices afordable.

A lot of banks by the way are having a great time with higher oil prices, commodities desks who have gone long on oil futures have made a fortune, and with continued ructions in the mid east (watch for the whole Iran thing to bigger over the coming months), it will push oil prices higher still. PS: Greenspan's comments on rise in oil prices is quite interesting in this regard.

At current levels the towers would take 20 Odd months to practically sell out. Assuming there is no other towers. They have a long stratagy for these towers and i think a 2006 start is still viable.


Demand is still rising and has boomed in the past few months. Oil prices will be back up to 1.40+ in the comming months and continue to rise. Mabey consumer spending may fall because of this but they may also make the move to the city and westpoint has our big go to tower's.

Selling the product is the key if i dont see a add on TV and in the papers they will fail.

Thereis a sign on Mounts Bay Road just under the Freeway with a picture of an apartment tower that looks nothing like any of the pics in this thread. Does anyone know what the deal is with that? I think it says Mounts Bay Apartments, but it is definately on the emu brewery site.

Under the bridge.

Its A. The old design.
B. A drawing/ render not the model.

its the mounts bay villiage tower. been there since '99

Was that Mounts bay plaza? because that looks exactly the same as Swan Pano

No, its totally diffrent.

Ok. Though it was on a differnt site. If they went ahead we would have a very nice concrete end of town.

i visited the westpoint office today @ paragon, they will be giving me a telephone call re: information. well atleast thats what they say lol

They god damn need to get there marketing going.

Westpoint seem to be in some financial strife. They said it won't affect this project but it seems to be worsening so it could very well go under.

Westpoint seem to be in some financial strife. They said it won't affect this project but it seems to be worsening so it could very well go under.

oh dear we all know what is going to happen with this development i suppose :(

well maybe someone else will develope the site, with a different design :P

It should not cuase westpoint any problems with this tower as they are funding it with notes so there should be less money problems with this project as they are not funding the tower completley on there own.

This has been news for a while they are pulling sponsorship from DJR to save money.

But as they say it should not effect these tower's, i hope they are correct.

Though mabey some large developers will open there eyes to mixed use developments, as they can feed each market effectivle to that day, without over supply and money problems.

multiplex have been in a lot of shit lately but has recently signed up to build the 50storey Lumiere in Sydney. I think Westpoint will still start on parkwest.

well that is a promising sign at least :)

Panorama Sky Apartments in Brisbane is starting so westpoint are still doing fine. These buildings have been pushed and pushed, through investigations and has cost a heap. I doubt westpoint will roll over, these towers are profitable in westpoints eyes and i still expect them to go ahead.

i think it is cast in stone that these will be a money maker for Westpoint. The problem is to get it orf the ground :P


i just cannot wait for this to start and finish! :D

http://img506.imageshack.us/img506/9533/embrold9bo.jpg (http://imageshack.us)

^^
What am I looking at here? Looks too low to be the Parkwest Towers...?

that would be the old design i think.

the second proposal for a 117m,110m and 87m

ahh..ok

So are the 207m and the 195m towers the 1st proposal? I mean is the company no longer after a 200+ tower?

no the 207 and 195m are still the main proposals.

still not much action down here-
http://img528.imageshack.us/img528/4192/dsc000682gt.jpg (http://imageshack.us)

I suspect it cant be to long before the sales center opens. I say January.

Ok i have news. Do you want to good or the bad first?

both, just spit it out.

bad please

jesus you are taking too long, i'm going to have to ban you!

The Bad news is that all WestPoint towers are probably on hold for a few months at minimum, so official marketing will be delayed and construction of the car park and first tower delayed (I expect to late 06).

The good news is that the WestPoint have sold around five hundred of the plan already with official marketing to come and they have very good funding for the project through the notes of Emu brewery fund.

The good news is this is WestPoint’s number one project and it has great sales and good funding. WestPoint are holding all towers as they review there financial state, there is no suggestion that any towers will be called of yet, they will wait for a review and probably act accordingly.

Still a bit iffy but at least we know there towers are selling well and that has to be a attraction to WestPoint.

Awww, crap. So its actually gonna be built! How did you find all this out anyway?

Thanks for finding out! might i ask how?

My older brother worked for DTZ (left there 3 days ago told me 30 mins ago, before he goes to US TM) the company who are doing the valueing the towers and my dad is hired by QV1 to do most of internal work for most of the building so he gets told by the contacts he knows in the office market generally people in QV1 as QV1 managment and tenants dont want the towers to go up, so they will be hoping westpoint fold the project.

I just told you what i was told.

Selfish wankers. Thier complaint was dismissed by the PCC though.

Yep. Loosing some south western views would not really hurt QV1 that much as quality high volume office space is hard to come by in Perth.

Indeed, Qv1 is by far the best internal office buildign we have. I could imagine it would be one of the top in australia also for internals.

Got to admit 500 apartments is very good news, because it also opens up the door to the possibility of a serious builder to come to Perth because we can finally show we are absorbing apartments well.

Even if it does not get built though sad there is very promising signs for Perth’s apartment market. Consider Q1 has 560 odd apartments.

Westpoint is the builder, BTW

Yes the people who are hoping this project folds just because they dont like what the renders MAY turn out like and the impact to the skyline are very short sited.

Firstly buildings always look different to their renders, and the better and more glammed up it is, the more likely it is to disappoint when it is built.

Secondly this is a massive Seidler twin tower! He is recognised through out the world for its technically innovative solutions to problems and for thinking different. Again with these towers he has done something unique by not only trying to make them work with (rather then against) the harsh Perth enviroments. But also to apply the egalitarianism that is often noted in Perth by giving every apartment a river view. Thats something you can't say for either the Q1, World Tower or Eureka.

Make no mistake that when these towers are completed it will give Perth alot more exposure and creditability around Australia and even internationally. Seidler is getting on in age, he is due for retirement and recently suffered a stroke. There is every chance these towers will be one of his last projects and that he might not even be around when they are completed.

His awards etc http://www.soloarquitectura.com/arquitectos/seidlerharry.html
A quick bio .. http://en.wikipedia.org/wiki/Harry_Seidler

Of cause if you would rather be a NIMBY and hope that the whole project collapses because you don't like the impact the towers will make on the pretty but tiny Perth skyline. Then fair enough.. it's not like you havn't had over a decade to revel and admire in it because really it hasn't changed since the completition of the QV1 and CPT! It's time to move on otherwise you are just going to see another decade of small 100m and less projects be developed throughout Perth.

Westpoint bid to revamp debt
Anthony Klan
December 07, 2005

PERTH-based Westpoint Corporation has announced it has appointed administrators to restructure the debt in each of its mezzanine funds.

The group said it would move away from using promissory notes after action by the Australian Securities and Investments Commission.

However, Real Estate Consumer Association president Denise Brailey said Westpoint's track record meant ASIC should take control of the funds.

"It shouldn't be left up to Westpoint administrators," Ms Brailey said.

"ASIC should be taking control of all of these companies.

"ASIC has taken a too-soft approach to these issues over the last four years."

Westpoint executive general manager David Jones said the group would no longer use promissory notes, to comply with orders made by ASIC.

"Promissory notes actually sit outside the regulations," Mr Jones said.

"We are going to change the funding procedures for all of our developments so they come under regulatory products."

Westpoint managing director Norm Carey said the move to structure all unregulated debt was aimed at protecting investors in the group and to put an end to the legal issues raised by ASIC.

"Westpoint is committed to working with the administrators and regulators to ensure investors receive their entitlements and to preserve the investment value of development projects," Mr Carey said.

Ms Brailey said ASIC should release the names of the investors in the funds to improve transparency, in case of any substantial losses by the group.

An ASIC spokesperson was unavailable for comment last night.

On Monday ASIC moved to wind up the Westpoint development finance company, which is funding the group's Ann Street, Brisbane, project.

Another one of Westpoint's finance companies, York Street Mezzanine, was recently placed into voluntary administration after similar ASIC action.

http://www.theaustralian.news.com.au/common/story_page/0,5744,17485062%255E25658,00.html

I see that Harry was the architect for that massive Grollo tower in Melbourne!

"1995-2000 Grollo Tower, Melbourne, Australia."

Well it's good rather than bad news becuase it looks like no projects will be called off.

Be intresting how they go about this. I say construction in 07 by that article but it depends on how things go.

^^
I agree. By the sound of that article, I can't see this commencing until at least very late '06 but probably '07...

Ann Street Mezzanine Pty Ltd will go into liquidation but ASIC have not put York Street or Emu Brewery into Liquidation..

WestPoint have put administration in charge of Emu brewery Mezzanine funds and will no longer use be promissory notes. I wonder how long it will be to change.

Clearly ASIC has been after WestPoint for a long time and it’s well publicized attack on the Emu Brewery fund years ago when it was set up, because promissory notes are not under there regulatory power’s they have been putting pressure on WP to move away from them.

There may be somthing on the news tonight. But mabey someone can contact westpoint for a likley construction date.

PRESS RELEASE FROM WESTPOINT!

Tuesday 6th December 2005

WESTPOINT CORPORATION DEBT RESTRUCTURE TO PROTECT INVESTORS

Managing Director of Perth-based Westpoint Group,
Mr Norm Carey, announced today that the independent directors of each mezzanine company involving the non regulated promissory notes, which have been the subject of inquiries by Australian Securities and Investments Commission (ASIC) have taken steps to appoint administrators to assist in the process of restructuring debt during completion of the projects to which the relevant debt relates.

This is aimed at protecting the investments of all investors as the Group continues to move to a full regulated product regime under deeds of company arrangement for each mezzanine fund company.

However it will not affect projects involving regulated debt or the balance of the Westpoint Group’s business activities.

This approach follows Westpoint Group appointing PricewaterhouseCoopers as administrators for York Street Mezzanine Pty Ltd, Westpoint’s financing arm of the Scots Church development on Sydney’s York Street, on
December 1 2005.

Mr Carey said the move to restructure all unregulated debt was aimed at protecting investors and the Group as a whole and to put an end to the legal issues which have been raised by ASIC.

“Westpoint is committed to working with the administrators and regulators to ensure investors receive their entitlements and to preserve the investment value of development projects,” Mr Carey said.

“The Westpoint Group and its professional advisors are also working to allay the concerns of investors.”

Restructuring mezzanine debt effectively means all secondary loans will be consolidated into a regulated product regime under a deed of company arrangement for each mezzanine fund company.

In respect of the Scots Church development, delays in construction and the settlement of sales contracts have impacted on the project’s repayment schedule. However, construction has now been completed and settlements will occur over the next few months.

The restructuring and consolidation of secondary mezzanine debt for development projects will give Westpoint Group significantly greater financial strength and flexibility to repay investors.

It does not directly talk about west points Emu Brewery development and it talks about secondary debt, if WestPoint has no debt on emu then the project may not be delayed long or may not be delayed at all. So we need more direct info on the Parkwest towers.

This is getting more and more intruiging all the time..

IMF set to join Westpoint fray

Paddy Manning
December 08, 2005

WITH the corporate regulator stepping up its battle with developer Westpoint yesterday, Hugh McLernon's IMF Australia could enter the fray to fund litigation against financial advisers who recommended their clients invest with the Perth-based group.

Yesterday the Federal Court adjourned, until December 20, applications by the Australian Securities and Investments Commission to wind up two Westpoint companies, Ann Street Mezzanine and York Street Mezzanine, engaged in projects in Brisbane and Sydney respectively. About 840 investors lent about $72 million on the Ann Street project, while about 900 investors are owed about $80 million on York Street.

In an attempt to stave off further ASIC legal action, late on Tuesday night Westpoint put five more of its development companies into voluntary administration: Mount Street Mezzanine, Bayshore Mezzanine, Bayview Heritage Mezzanine, Market Street Mezzanine and Market Street Mezzanine (No2).

Westpoint managing director Norm Carey said yesterday's adjournment meant there would be more time to "consider the administration arrangements we have advanced under the proposed deed of company arrangement which we anticipate will be put to creditors on December 22".

ASIC enforcement director Jan Redfern said the solvency of the entire Westpoint group was now the subject of "real issues, given we're now talking about seven development companies in the group". ASIC said Westpoint development company Scots Church Development Ltd had failed to lodge annual accounts for the financial years to June 30, 2003 and 2004, and Westpoint Constructions Pty Ltd had failed to lodge annual accounts for the financial year to June 30, 2004.

Litigation manager Charlie Gollow, who attended yesterday's court hearing, said IMF had been approached by investors - initially in York Street Mezzanine, which is in voluntary administration and the subject of a wind-up application by ASIC - and there was potential for group proceedings to be brought. "We've been approached by some investors, and we'll see what we can do to help them recover their investment," he said.

Read this.

"Yesterday the Federal Court adjourned, until December 20, applications by the Australian Securities and Investments Commission to wind up two Westpoint companies, Ann Street Mezzanine and York Street Mezzanine, engaged in projects in Brisbane and Sydney respectively. About 840 investors lent about $72 million on the Ann Street project, while about 900 investors are owed about $80 million on York Street."

"In an attempt to stave off further ASIC legal action, late on Tuesday night Westpoint put five more of its development companies into voluntary administration: Mount Street Mezzanine, Bayshore Mezzanine, Bayview Heritage Mezzanine, Market Street Mezzanine and Market Street Mezzanine (No2)."

Emu brewery Mezzanine has clearly not been put in Voluntary Administration and westpoint said this project wont be effected by there problems and in the press release they only talk about two companys. From all this I suspect it may be delayed but mabey only a month or two. Clears things up a bit.

Wednesday 7th December 2005

FEDERAL COURT ADJOURNS WESTPOINT HEARING

The federal Court adjourned proceedings today between York Street Mezannine Pty Ltd and the Australian Securities and Investment Commission (ASIC) to 20 December 2005.

The Managing Director of Westpoint, Mr Norm Carey, welcomed the adjournment.

“This means that there will now be more time to consider the administration arrangements we have advanced under the proposed Deed of Company Arrangement which we anticipate will be put to creditors on 22 December 2005”

“We are anxious to see the best possible arrangement to protect the total entitlements of all investors”.

“We are pleased that progress is now being made, as we move to transition our entire business to fully regulated products consistent with ASIC requirements. Our client’s interests have been, and will always be, paramount in our decision making processes”.

oh dear, i fear the worst with these events panning out for Westpoint.

Thing is Emu brewery is not mentioned by ASIC or been raised by them. Still think there go becuase there currently no probe into the company.

WESTPOINT SAYS ASIC TACTICS WILL HURT INVESTORS

The Group Managing Director of Westpoint, Norm Carey, today called on the Australian Securities and Investments Commission (ASIC) to focus on protecting the interests of its investors rather than play what he described as “legal games”.

Mr. Carey said ASIC’sdecision to seek orders from the Federal Court for the appointment of liquidators to two of Westpoint’s mezzanine finance companies would seriously disadvantage investors.

He said Westpoint was a specialist company with more than 30 years’ experience in the complex property sector, with substantial assets and the ability and continuing commitment to stand behind each and every one of its projects.

His comments followed the adjournment on Wednesday by the Court of legal proceedings brought by ASIC.

In the meantime, he said, the independent directors of Westpoint mezzanine companies had appointed a voluntary administrator to the mezzanine finance companies to restructure debt under deeds of company arrangement.

Mr. Carey said it had become clear during the legal proceedings and in discussions with ASIC representatives that the regulator did not have safeguarding the longer-term interests of investors as its highest priority.

“Our meetings with ASIC have shown that the preservation and return of investors’ funds and entitlements does not seem to be a priority for the regulator, a situation we find frustrating and disappointing,” he said.

"We are trying to work with ASIC to safeguard all investor funds by securing investments in fully regulated products and by ensuring we complete our Australia-wide building projects, for the benefit of investors.”

But, Mr. Carey said, ASIC was putting legal obstacles in the way of achieving the best possible result for Westpoint investors.

“We understand that ASIC has certain legal responsibilities and obligations, but it seems to us that the tactics of the regulator – to appoint a liquidator – will be of no help to investors to secure their interests,” he added.

"The attitude of ASIC concerns us greatly, as there are serious risks if the regulator is successful in forcing the mezzanine fund companies into liquidation.”

“It is likely that this will force us to stop work on our current projects, resulting in further delays that could have serious knock-on effects to investment confidence in the property and construction industry generally.”

He said that while Westpoint had faced some unwanted project delays, the fact was that the Australian property and construction market continuously went through such cycles all the time.

"As an experienced company in this complex sector, we understand the ebbs and flows of the market and so do our investors, who are looking for expertise and ability to deliver quality stock in quality locations.

"Westpoint will continue to act prudently and wisely, and to place in front of the regulators committed and accountable action plans, against which we will fully report, to build both confidence and on-going trust in our continuing ability to enact, deliver, and implement.

“All we seek from ASIC is for them to stop playing legal games and help us get on with our proven and successful business activities, and deliver responsibly to the requirements of our investors and clients.

“At a time when in excess of $400 million of presales are due for settlement and properties are within a very short period of final completion, these pre-emptive actions by the regulator are of no benefit to investors or clients whatsoever.”

I will keep posting these becuase there relivent to the towers and there chances of going up.

i wouldn't be suprised if i hear in the next month or so the project will be shelved. i hope not.

ASIC Aux are stirring up trouble and westpoint have been doing some dodgey dealings for the last few years, nothing illegal but not always fair. This development sub-company is not appart of there investigation yet and they still have funding and sales for these towers.

My worry is consumer confidence.

yeah i would to when someone spells apart with 2 p's :P :P


ok fair enough but when a project that will change the face of Perth's skyline it is a worry that there are a few 'issues'. I want this to go ahead and i hope the project will not stall because of it.


"You Stay Classy Perth" lol

PwC has said that westpoints guarantee and indemnity would be of little value to investers and said that the companys pool of money would give little reward for there finance.

Emu Brewrey Mazzanine is in better shape than most other westpoint companys and is not under PwC administration even though they have been through there acounts. Westpoint will be looking to mend damage and fund the project through alternate means. Dont expect action before Jan 07.

York street development will remain solvent and i expect PwC and Asic are walking a hard line for westpoint to change there ways and westpoint to date have cooperated. All there current and future projects will be funded using convensional methods.

Notice how glassy these towers look in a high res render the glass is a dark silver, it looks great.

Check out saturday's paper in the business section for a Parkwest photo.

^^
any chance of getting a scan?

its the same one we have all seen with harry in the photo. So is it safe to say this project is now fully delayed?

I would say delayed till 07 but westpoint have are keen to get going again as they have stated delays in key projects around australia have pushed them into this position so these towers being a key profit maker and the EBM being in better finacial state than other mazzanine companys they could be UC by mid-late 06 but i doubt that soon.

They are on HOLD.

There is nearly a 0% chance of these towers going up.

ASIC aims to wind up Westpoint parent
by Marsha Jacobs


Latest News

ASIC aims to wind up Westpoint parent - 21 Dec, 16:11pm
ACCC decision on Telstra good for business: iiNet - 21 Dec, 15:52pm
Its official - WA's rolling in it as surplus forecast rises to $1.3bn - 21 Dec, 15:42pm
BHP strikes oil in the US - 21 Dec, 15:35pm

Australia's corporate watchdog has sought to wind up Westpoint Group parent company Westpoint Corporation Pty Ltd after its auditors revealed an alleged $69 million deficiency in assets.

The move comes on the same day as the Australian Securities and Investments Commission had been successful in its legal action to appoint liquidators to two Westpoint mezzanine finance companies yesterday.

ASIC is seeking the winding up of Westpoint Corporation on grounds of insolvency, saying they believe it is responsible for arranging, managing and co-ordinating Westpoint's property projects as well as acting as the group's treasury.

In a statement issued this afternoon, ASIC said they were "concerned that, as a result of its current financial position, Westpoint Corporation would be unable to meet its obligations under the guarantees given to the mezzanine companies to make good expected shortfalls in the repayment of amounts owed to investors."

"ASIC is of the view that a liquidator can properly investigate the activities of Westpoint Corporation and take the necessary action to recover monies for the benefit of investors and creditors."

York Street Mezzanine and Ann Street Mezzanine were put into voluntary administration two weeks ago along with four other mezzanine companies, but ASIC was not satisfied and successfully pushed for liquidation, saying $147 million of investors money was at risk of not being repaid.

Geoffrey Totterdell and David McEvoy of PricewaterhouseCoopers were appointed as liquidators of York Street Mezzanine, while Mr Totterdell together with Ian Hall have been appointed liquidators of Ann Street Mezzanine, following on from their appointments as voluntary administrator to York Street Mezzanine.

Last week the administrators report by Pricewaterhousecoopers rejected a proposed deed of company arrangement for the two mezzanine companies because of uncertainty, but Westpoint maintains it is business as usual at one of the country's biggest private developers.

The outcome of ASIC's move to wind up Westpoint Corporation won't be known until January, but sources say the auditor KPMG's estimated $69 deficiency could be based on a favourable estimate of assets, and that the actual deficiency could be much greater.

Westpoint executive general manager David Jones said the company was disappointed that Ann Street and York Street were put into liquidation, and that he believed the best outcome for investors would be a deed of company arrangement.

"We are concerned that by liquidating the companies, assets will be treated in a firesale way which won't deliver the best outcome for investors so we will still be pushing hard for a deed of company arrangement," Mr Jones said.

ASIC opposed a deed of company arrangement proposed by the Westpoint Group for York Street because there were serious doubts about whether promised funds would become available and, and said that it did not offer anything more than what the creditors are already entitled to.

In relation to ASIC seeking the winding up of Westpoint Corporation, Mr Jones said the company would strongly and stridently defend the move, and that business was still strong, with over $1 billion of projects underway around the country comprising of more than 3000 units.

As well as appointing liquidators to Westpoint companies, ASIC is also alleging misleading and deceptive conduct by Westpoint Management Ltd, including Westpoint founder Norm Carey who set the company up in 1985.

Westpoint's website says the company has current and completed development projects valued at more than $1.7 billion, and has net assets of about $75 million.

Westpoint has been the subject of ASIC's attention for a number of years due to their use of unsecured promissory notes in attracting retail investors.

Last year ASIC halted plans to raise debt to fund the Emu Brewery Project, requesting that the Supreme Court rule on whether Emu Brewery Mezzanine Ltd should have offered promissory notes as debentures or financial products under the Corporations Act.

The Court ruled that promissory notes issued constituted a managed investment scheme and that a prospectus should have been lodged.

ASIC's examination of Westpoint comes as ASIC chairman Jeffrey Lucy today said high-yield financial products that promised high returns but were linked to inherently risky property developments would be targeted in 2006.

Earlier this month, ASIC laid criminal charges against notorious property spruiker Henry Kaye for criminal fraud.

I know give them very little chance of going up becuase there construction buisness will be gone so there wont be anyone to build them.

Poor perth got fucked in the arse by the east coast again and it's westpoints own fault. Mabey some seroius builder will buy the land, plan and start building (Not multiplex).

We have to have some luck sooner or later. Dont we?

Maybe they did us a favour. :runaway:
:)

That really cuts.

ahhh shit! Hopefully someone like grocon will get the site and resume the latest DA. It's still a bit too soon to be speaking. I don't see why they did this in the first place. Why didn't they use conventional methods of raising funds?

for fucks sake! im so sick of this.

I think the site must be cursed. So many proposals have failed and come to think of it, the Emu Brewery it self has disappeared from existence :sly:

well lets hope a better looking design comes out of this with the same hiehg :D

Hmmm. Kinda glad this is dead... ugly design!

:cucumber: Its DEAD. Hopefully.

its not dead until the fat lady sings

lol, well get your mum to sing.

ONLY JOKING!
:jk: :lol:


i seriously hope we get a better design and like maybe 220m :)?

its unlikely due to impact on parliament house. Harry was able to articulate the design so it would maximise views from there.

Oh and I said when the fat lady sings, not when the horse sings.

i see,

stupid fucking politians, maybe they should build a new parliament house :P?

lol, well get your mum to sing.

ONLY JOKING!
:jk: :lol:

I could see that coming a mile off!:lol:

It may still go ahead. We should just ring Westpoint and ask them?

If westpoint construction survives ASIC then these will be a head on profit maker and go up. Westpoint construction surviving is slim but there is still some hope.

ourt case between ASIC and Westpoint, expected in Perth tomorrow.

Capital property finance director Rod O'Neill said the company was co-operating closely with the union and doing everything it could to ensure workers received what they were owed.

"It may be that Westpoint defeats the action by ASIC which means that they remain in control," Mr O'Neill said.

court case between ASIC and Westpoint, expected in Perth tomorrow.

Capital property finance director Rod O'Neill said the company was co-operating closely with the union and doing everything it could to ensure workers received what they were owed.

"It may be that Westpoint defeats the action by ASIC which means that they remain in control," Mr O'Neill said.

Building projects gone to receivers
Maurice Dunlevy
January 06, 2006

THE beleaguered Westpoint Corporation has suffered a further setback with receivers appointed to two of its largest construction projects.

With the private Perth-based development group already fighting an Australian Securities and Investments Commission bid to wind it up, receivers have taken control of two Melbourne projects worth more than $210 million.

KordaMentha has been appointed to a controversial $140 million apartment complex in Port Melbourne, where disgraced property spruiker Henry Kaye sold many of the apartments.

Deloitte has taken charge of a $70 million CBD Market Street apartment hotel project that was racing against the clock to be ready in time for the Commonwealth Games in March.

It's another blow for the financially strained Westpoint group, which has already had two of a series of mezzanine finance companies liquidated while five more remain under administration.

However, the worst may be yet to come with ASIC's adjourned wind-up application due in the Federal Court next month. The Australian Taxation Office has joined that action, filing an affidavit and notice of appearance for the February 10 hearing.

With administrator PricewaterhouseCoopers still working through a maze of mezzanine finance companies that raised about $300 million from as many as 2500 individual investors to finance projects - the decision by major lenders to have both Melbourne projects placed in receivership has added to investor confusion.

Sydney retiree Graham MacAuley, who invested in Westpoint mezzanine funds, said he was aware of a number of people likely to lose their homes.

Mr MacAuley said ASIC had let investors down by not enforcing financial monitoring of the Westpoint companies.

The Port Melbourne receivership was ordered by secured creditors Bridgecorp Finance and HFL Australia, jointly owed about $30 million, because of concerns over cost over-runs and construction delays.

While 85 per cent of the project has been pre-sold, getting buyers to settle their purchases could be another matter because many were sold by Mr Kaye and involve sunset clauses where purchasers can walk away from contracts unless the building is completed within a specified period.

With the complex still months away from completion and at least nine months behind schedule, the first of the contracts are expected to expire by the end of May.

http://www.theaustralian.news.com.au/common/story_page/0,5744,17740500%255E25658,00.html

Well now the ATO has joined in, it looks bleak for Westpoint and even more so for these parkwest towers. No one will have the confidence to buy into these anymore, specially when there are so many units that need to be sold in an untested market like Perth. I doubt WP would take the risk even if they do survive all these legal precedings.

Seems like the end to this project is near. I'm sort of glad cause the design of the towers is misssing something. In this market the site will get snapped up right away, hopefully by a quality developer who might even build a taller tower on the site.

hmm now an even longer wait for another project.. *sigh*

I'm still going to leave them up as Approved on ss.com until another desgin is submitted so it looks like we have something lol.

Its for the best..
They were unnatractive towers lol. You can do better...
Get some tasty glass

lol, yer but they were 195m and 207m, who cares about the design lol... nah they were the uggliest things since riparian, lol , siedliers almost dead isnt he?? yay we'll get a different architect!

dont forget the nightmare scenario of 20 storey buildings!

wouldnt surprise me if the owners of QV1 bought the site and built something lowrise to protect their views (and higher rents!).

personally i hate the parkwest towers, mostly because they are twins, which would dominate the perth skyline too much... if they each were different designs, then np.

I loved the buildings and it's sad to say they probably wont be built. Not over till the fat lady sings. ASIC and ATO are theives and Crooks.

dont forget the nightmare scenario of 20 storey buildings!

wouldnt surprise me if the owners of QV1 bought the site and built something lowrise to protect their views (and higher rents!).

personally i hate the parkwest towers, mostly because they are twins, which would dominate the perth skyline too much... if they each were different designs, then np.

well if they bought it surely they would build a taller tower and get higher rent from that? then they get the best of both worlds... one tower on the site wont totally block QV1

taling of QV1 - chekc out this vid of the implosion of the old building :)
http://www.cfmeuwa.com/cfmeuwa/thiscity/282/qv

ASIC and ATO are theives and Crooks.

Lol It is Westpoint's bad management and investments that are going to cause many hundreds of small time investors to loose out on the Westpoint Mezzanine funds.

Small time investors you make out that most investors don't know what there doing. Rubbish people who invest with mezzanine funds are doing high risk investment and the average Joe wont even get into bonds let alone mezzanine promissory notes they know the risk's and take it and that is fair.

ASIC are poor people who go after the rich they would no little about running a business and what it takes to be successful and the ATO is Robin Hood a darn crook.

Lol Westpoint have always had a very dodgey reputation. It's going to be good to see the end of them. I don't think owners of Qv1 will buy the site, would be much too expensive.

Yeah, look at the mess they made with Cinema city!

More trouble for Westpoint in Market St

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January 7, 2006
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THE noose tightened around Norm Carey's Westpoint Group yesterday after it was revealed that one of its main financiers had appointed receivers to its $85 million hotel development at 60 Market Street, Melbourne.

Receivers had already been appointed to Westpoint's Bayshore project as the Australian Securities and Investments Commission and the Australian Taxation Office, along with at least 4000 investors caught in Westpoint's $300 million mezzanine financing web, fight to get some return out of the struggling group.

Accounting heavyweight Deloitte Touche Tohmatsu confirmed that Perpetual Trustees had appointed it as receiver for the Market Street project, in an attempt to safeguard the lease agreement with hotel operator Pacific International. The lease could be jeopardised by further delays to the redevelopment.

Perpetual Trustees has invested about $55 million in Market Street and has a $62 million exposure to Westpoint's Bayshore project, which is in the hands of receivers following the appointment of insolvency accountants KordaMentha by second-ranking financiers Bridgecorp Finance and HFL Australia Pty Ltd.

Deloitte's appointment to the Market Street development is likely to result in multimillion-dollar losses for more than 600 investors who have put $40 million into the mezzanine finance scheme for the project. Evidence is emerging that the 400 mezzanine investors in Bayshore are unlikely to get any return on their $35.8 million investment.

It is believed that one valuation obtained by Bayshore receivers at KordaMentha put the project's value at less than $120 million, $20 million less than the $140 million valuation publicly cited by KordaMentha this week.

Perpetual Trustees has a $65 million exposure to the Bayshore project, while second-ranking creditors Bridgecorp and HFL each have an exposure of just over $30 million.

It is is believed that more than $30 million needs to be spent to complete the project. This leaves the second-ranking mortgagees in danger of not being paid and gives little hope to the unsecured promissory note holders caught in the Bayshore mezzanine scheme.

Bayshore is only three-quarters complete but the pre-sales contracts for up to 85 per cent of the units could fall over if construction isn't completed by the end of May.

Westpoint's creditors are taking action to protect their investments following ASIC's scrutiny of Westpoint's controversial mezzanine financing schemes, which resulted in winding-up orders for two of the biggest schemes, York Street Mezzanine and Ann Street Mezzanine.

ASIC and the ATO are now pushing to wind up Westpoint's parent company, Westpoint Corporation, which the corporate watchdog claims sits at the heart of the mezzanine financing companies. Six, including Market Street Mezzanine, are in administration.

Deloitte partner David Lombe said the appointment was only over the Market Street Property, which is owned by Westpoint Management.

In common with several of Westpoint's property projects, the Melbourne CBD development has been hit by delays and massive increases in construction costs.

"We have arranged with Perpetual to secure sufficient funds to complete the project," Mr Lombe said.

"Perpetual was in a position where it had to take a step to take control of the project and ensure it was completed."

It is believed that this could cost as much at $10 million, but Perpetual will also have to cover outstanding payments to subcontractors on the project totalling about $1.2 million.

60 Market Street is a redevelopment of an office block on Market Street. It comprises a 270-room hotel, two floors of residential apartments and retail and commercial units.

WEST AUSTRALIAN

Receivers, ATO pursue Westpoint

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By Catie Low
Perth
January 5, 2006
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Besieged property group Westpoint Corporation has come under fresh attack after revelations that receivers have been appointed to its $140 million Bayshore project in Port Melbourne.

There are fears that construction could founder if the corporate watchdog succeeds in its attempt to shut Westpoint down.

Federal Court documents have also revealed that the Australian Taxation Office has joined the Australian Securities and Investments Commission and about 4000 investors vying to claw back $300 million from Westpoint and its web of mezzanine finance companies.

KordaMentha yesterday confirmed two of Bayshore's secured creditors, Bridgecorp Finance and HFL Australia, had appointed it as receiver to the residential and retail project amid concerns that Westpoint's construction arm, Westpoint Constructions, may not be able to complete construction.

Bridgecorp and HFL are each owed about $30 million, behind first-ranking creditor Perpetual Trustees, which has invested about $62 million in the project.

The Bayshore development is three-quarters complete and Westpoint has secured pre-sales agreements for 85 per cent. The development includes 18 retail outlets and 306 units.

KordaMentha partner Craig Shepard said the "clear intention" of the receivership was to work to complete the project.

Bayshore is running significantly behind schedule and it is believed that sunset clauses in the sales contracts for the units could be triggered if construction is not completed in the next four months. The receivers will determine whether Westpoint Constructions can complete the project before the May 31 sunset clauses, under which investors can walk away from the pre-sales contracts, are triggered.

The development's mezzanine finance company is already in the hands of administrators, with PricewaterhouseCoopers' investigations revealing 400 investors holding promissory notes worth $35.8 million.

The appointment of administrators to six of Westpoint's mezzanine companies followed ASIC's scrutiny of two of the group's most distressed finance companies, Ann Street Mezzanine and York Street Mezzanine.

The Federal Court has since declared both insolvent and ASIC wants to shut down parent Westpoint Corporation on the basis of serious allegations including that it failed to pay its employees' superannuation.

A small group of workers and subcontractors picketed a Westpoint construction site in Sydney before Christmas in a bid to secure outstanding entitlements.

Westpoint denies it has failed to pay its employees' superannuation, and managing director Norm Carey has vowed to fight ASIC's bid to wind up Westpoint Corporation.

The court hearing for the wind-up application has been adjourned until February 10 but Federal Court documents reveal the ATO has submitted an affidavit and filed a notice of appearance. WEST AUSTRALIAN

You guy's realize that Emu Brewrey Mazzenine Can still build these tower's, they could change there funding process and get another builder on board and they could build these towers with money that the Emu Brewrey has, use the 500+ investors of the plan sales money and money from another developer who would help fund the project. Could work.

Doubt it! They are too distracted now. Afraid this one is lost.

Yeh these are dead in the water and thank goodness. Monstroseties!

Twin Towers for Perth, no way!!!

(Aside from the great Reflections@Burt Way)

i think the development is great, what is wrong with them?

oh well.

I just think that with buildigs this large, having them roughly the same design for both towers will dominate the skyline too much, they are just too up and down with no real variation in the wall shape like QV1.

I like QV1 but I dont want another two towers that look the same in the skyline. It would be like having 3 of our 5 big ones all look pretty much the same. I liked the original design that had a fatter tower at the back and a thinner, different looking tower at the front. I was devastated when they brought seidler in and redesigned it.

The second original design was the best, when they removed the third smaller tower and increased the height of the other two.

imho.

I don't like the colour mainly.

Small time investors you make out that most investors don't know what there doing. Rubbish people who invest with mezzanine funds are doing high risk investment and the average Joe wont even get into bonds let alone mezzanine promissory notes they know the risk's and take it and that is fair.


I saw a fairly long item on Sydney Ten evening news about Westpoint. It seems that Westpoint and people selling the Westpoint funds intentionally understated the risk factor involved with these mezzanine funds. Also it seems they were specifically targetting retirees with this false information to help make up the numbers.

Property firm in scramble
Paddy Manning
January 17, 2006

DEVELOPER Westpoint is working frantically to salvage four key property projects in Sydney and Melbourne and repay thousands of creditors owed up to $1 billion.

Westpoint Corporation managing director David Jones said a proposed "deed of company arrangement" being drafted with administrators PricewaterhouseCoopers would be finalised as soon as the end of this week, aiming at "totally" repaying investors.

Westpoint has 14 construction projects worth up to $1billion planned or under way in four states.

The projects were part-funded by "mum and dad" investors in promissory notes -- a type of bond -- issued by development finance companies linked to Westpoint.

Of seven such "mezzanine finance companies", two are now in liquidation, two are in receivership and three are in administration following wind-up action taken by the Australian Securities & Investments Commission last month.



Click Here


Mr Jones said Westpoint was seeking to complete four projects -- the Bayview and Bayshore apartment projects in Port Melbourne, the Market Street apartment tower in Melbourne's CBD, and the Scots Church redevelopment in central Sydney -- which were well under way.

Mr Jones said Westpoint hoped to honour its guarantees to all its mezzanine investors and would "strenuously defend" a wind-up application from ASIC, targeting the parent company itself, which is due to be heard early next month.

WESTPOINT REJECTS CLAIMS OF INSENSITIVITY TO INVESTOR POSITIONS

Westpoint today reinforced its concerns to protect investor entitlements through its proposed Deeds of Company Arrangement which it is negotiating with PricewaterhouseCoopers.

Westpoint has been a successful Australia-wide developer for over thirty years, and is being inhibited in its completion of major projects through the actions of regulators who seem little concerned with the maximum protection of investor and client entitlements in these developments.

In every business sense, Westpoint has many major client projects to complete, and is working tirelessly with receivers and financiers to ensure that pre-sales contracts are honored and that the maximum return of funds for investors is obtained.

Perceptions continue to be raised by journalists that Westpoint is out of business. This is factually incorrect, and all efforts within the Group remain focused on continuing to operate.

“Instead of being distracted by recent media coverage, some of which is simply misleading, our management’s attention is focused on our developments and sales activities, and our fully regulated financial services businesses” says Executive General Manager David Jones who was appointed last year to bring the total Financial Services businesses into a fully regulated environment, following company concerns with the tug of war which had been on-going with ASIC pre 2003, about unregulated promissory notes which were being promoted by ASIC licensed advisers.

Actions have been taken by Westpoint, who have spent millions of dollars since 2003, to develop a fully regulated range of investment products for all its fund raising activities.

It has been frustrated and disappointed by the demands of licensed advisers who preferred to demand high commissions to continue the delivery of unregulated products. Westpoint has sought for some years to develop its own range of fully regulated products to replace the promissory notes, which were developed on their behalf in the early 2000s, to then legally meet increasing demand for high interest yields from premier positioned developments in Australian capital city projects. These products were sold by ASIC-regulated advisers to the investing public.

Westpoint’s aim at all times had been to wind down these mezzanine companies on the completion of each of the current developments funded under such promissory note arrangements.

Jones further states that “We are doing everything within our power to arrive at a situation where Westpoint can complete the pre committed projects. Our workers are increasingly concerned that the actions have been allowed to occur with licensed advisers, who claimed to have a full understanding of the products and their risks, and the risk profiles of their clients. This is damaging staff efforts to maintain loyalty of our clients to these pre-committed developments. We are pleading with the regulators to show concern for the fulfillment of entitlements for investors, and for the end user clients in these ongoing projects”.

Well i agree with westpoint on many regards but there still idiots. If by a mircle they build at least one of these i will change that statement. I do think westpoint will get through this.

If they do this stands a pre commited project with over 500 investers involved, the chances raised a few percent. But we wait to december if they live we can contact them to find out what any action will be. But they have other problems.

Also there is nothing wrong with prommisary notes. But they can only be recommended to people who deal with (high risk) investments and it is illegal to recommend them to someone who does not deal with high risk investments. So the question is how much is westpoints fault and westpoints bad luck.

ASIC went after Westpoint out of pure spite and found a golden nugget.

Today's West Story

Receivers take over Westpoint HQ
NEALE PRIOR

The crisis around property group Westpoint has deepened, with receivers taking control of the group’s Perth headquarters and administrators called in to the finance company to help bankroll its planned $450 million Emu Brewery apartment development.
Accountants from insolvency firm Ferrier Hodgson have taken control of Emu Brewery Mezzanine Pty Ltd, which owes more than $25 million to people who have put their savings into Westpoint’s high risk, high interest investment schemes.
Emu Brewery Mezzanine joins seven other Westpoint financing schemes in liquidation as corporate regulators try to recover $300 million that has been invested by an estimated 4000 Australians in Westpoint’s financing schemes. It throws more doubt over whether Westpoint can proceed with plans to build with plans for a 1000-apartment redevelopment of the Emu Brewery site on the southwestern fringe of Perth’s central business district.
The Australian Securities and Investments Commission is investigating Westpoint’s web of financing and investment schemes, which are under financial pressure by a collapse in the eastern seaboard apartment market and long delays in completing projects.
The crisis took on a new turn yesterday with confirmation that receivers from insolvency firm KordaMentha have taken control of the Westpoint-controlled Paragon Arcade in central Perth and Westpoint’s corporate headquarters, which sits above the arcade.
The arcade and office building is owned by a public property syndicate that was promoted by Westpoint and managed by a Westpoint investment management firm.
It is not known how many investors are in the Paragon Commercial Syndicate, said to owe more than $18 million to the mortgage finance group Challenger Howard Mortgage Trust.
KordaMentha partner Brian McMaster confirmed he was appointed by the mortgage lending group Challenger Howard.
Mr McMaster would not discuss the debt but said the building was worth significantly more than was owed to Challenger Howard.
Financier Permanent Trustees is owed about $17 million on the Emu Brewery project.

Looks like they're flocking to westpoints' corpse like vultures.

Pity, because Westpoint was amongst the few developers in Perth to have the balls to build any decent-sized residential towers here...

Bet you whoever takes over the emu site now will build something low-rise crap.
:rant:

"The crisis around property group Westpoint has deepened, with receivers taking control of the group’s Perth headquarters and administrators called in to the finance company to help bankroll its planned $450 million Emu Brewery apartment development."???

Help Bankroll. Meaning???

^^^
Providing the money for the project.

I know. But it says there is a chance these will be built, and thats good.

Have such mixed feelings about this development as it currently stands and am partly relieved that it may not go ahead.

Am i right in saying we've yet to see any official renders on the skyline? This project would work well Sydney or Melbourne but Perth's neare perfect skyline (from the south anyway) is too finely balanced at present. These towers will create a Seidler cluster like we've never seen in Australia before. Although i like most of his towers *runs and hides* these are too bulky for Perth. However i would be more open to a couple of more slender towers ala Cove. For now, bring back the previous design...

Doh! Ignore my bit about the official renders...seems we do have them ie first post!

Still stick by my comments though

We have seen some skyline renders.

Westpoint player opts out

Richard Beck's financial advisory business, Kebbel, has taken steps to distance itself from Norm Carey's troubled property group Westpoint, revealing yesterday it had renamed its funds management business.

As the Australian Securities & Investments Commission sharpens its focus on the financial advisers that supported Westpoint's mezzanine financing companies, Kebbel Funds Management has changed its name to Finchley Central Funds Management, and Mr Beck, a former Westpoint executive director, has stepped down as chairman and director of the division.

Kebbel played a pivotal role in Westpoint's network of financial advisers, acting as a wholesaler for the property group's investment products, including its controversial mezzanine schemes.

While Kebbel moves to isolate its funds management business, the corporate watchdog is trying to uncover the fate of $300 million put into Westpoint's high-risk, high return funding schemes by 4000 investors Australia-wide.

Mr Beck and his wife, Anna Harris, have moved to protect their personal fortune by lodging caveats over the $23 million portfolio of properties they have amassed in the past five years.

A spokesman for Kebbel said reports about its distribution operation had created confusion, with some investors and advisers concerned Westpoint's funding difficulties would affect Kebbel's funds management business.

"This organisation has nothing to do with Westpoint, but because of the distribution arm it was causing confusion," the spokesman said.

The State-based distribution businesses are not owned by Kebbel but they have the right to use the brand. It is understood the owners of these wholesale businesses are also looking to remove Kebbel from their business names.

Nedlands-based Kebbel said the newly named Finchley Central Funds Management had no financial links with Westpoint and would not be affected by Westpoint's funding difficulties. The funds management business has nine funds, invested in nine projects across Australia, including the PH3 Property Group's Riverside Pier Boutique Hotel.

Westpoint is expected to finalise the details of its restructure plan this week, ahead of the next tranche of creditors meetings for the five funding companies put into the control of administrators before Christmas.

Westpoint executive general manager David Jones said the deed of company arrangement could be completed as early as tomorrow but the noose had tightened around the group, with receivers moving on its Perth headquarters late last week.

Receivers from insolvency firm KordaMentha have taken control of the Paragon Arcade after instructions from creditor Challenger Howard Mortgage Trust. The mortgage lending group is thought to be owed about $18 million by the Paragon Commercial Syndicate.

Administrators have also been appointed to Emu Brewery Mezzanine, the funding scheme which raised $25 million from investors to fund the proposed construction of a 1000-apartment development on the site of the former Emu Brewery.

Seven of Westpoint's financing companies are now in the hands of administrators and ASIC is pushing ahead with its application to wind up the parent company, Westpoint Corporation.

Two of its biggest funding schemes, Ann Street Mezzanine and York Street Mezzanine, have already been put into liquidation after the Federal Court found them to be insolvent. Westpoint will be back in the Perth Magistrate's Court today after pleading guilty on Friday to 11 charges that it breached the State's door-to-door sales laws.

OFFICIALLY WITHOUT A DEVELOPER. SITE BIENG SOLD

I just read the article in the West on this.

They are selling the project with the site, so whoever buys it has the option of going ahead with the DA approved project, being the twin tower proposal.

They also have the option of putting their own plan forward but that would need new DA approval.

So its 50/50 on this.

I think the odds are a little less. This was always considered a risky move off loading so many apartments in an untested market such as Perth. Especially considering what other developers are putting forward atm. Who ever buys this will probably start from scratch with something on a smaller scale. Hopefully I am wrong though.

Hmm... could work as a mixed-use tower with a hotel componant.

We're unlikely to see the two towers built for a while tho - probly only one.

I just hope we see at least one of the towers go ahead, but have a feeling that this is going to end up being considerably smaller than that.

I would expect more hotels to go up in the immediate vicinity of the convention centre, especially once the international convention circuit gets to know th availability of our centre more (international conventions are always looking for new host cities).

so a mixed use hotel could be one option.

id like to see the towers go up but redesigned, similar towers (same height) but much less bulky. even if one tower was the same with the second one scaled down would be good, i just never liked the idea of the two fat towers together, ruined the skyline.

this is all good in my view.

I would expect more hotels to go up in the immediate vicinity of the convention centre, especially once the international convention circuit gets to know th availability of our centre more (international conventions are always looking for new host cities).

so a mixed use hotel could be one option.

id like to see the towers go up but redesigned, similar towers (same height) but much less bulky. even if one tower was the same with the second one scaled down would be good, i just never liked the idea of the two fat towers together, ruined the skyline.

this is all good in my view.


Yeah mixed land-use international hotel/resi/comm thinner towers would be awesome, same or similar height would be great to see.

Excuse my ignorance, but what is DA?

dev approval

oh well, the dreams of the largest resi towers in perth, are like so many others.....only in picture form :P