Nautica Apartments
corner of Plume St & Anthony St, South Townsville
to be developed on the site of current Townsville Motor Boat & Yacht Club

Height: 9 storeys
Units: 69 apartments
Cost: $62 million
Developer: Gordon Property Developments
Builder: Leighton Contractors
Construction: October 2005
Website: http://www.nauticaliving.com.au/

Sales are to be launched soon - sales centre now opened by invitation only.

Model
http://img.photobucket.com/albums/v376/Oriolus/NauticaModel.jpg

So what, 2nd tallest in Sth Townsville Skyline/CBD or so on. They should now rename Sth Townsville as "Hotel and Apartment District of CBD".

^^In terms of existing buildings yeh, its shorter than Quest probably just taller than Telstra. But of course Gateway and probably also 37 Palmer will be taller if they're ever built.

Looking forward to seeing the back of Nautica. Hopefully its similar to the front and not just a blank wall like Riviera next door:

http://img239.imageshack.us/img239/2180/1001117s9qm.jpg (http://imageshack.us)

You should add Rivieria to that list of yours, Even if it is 7 stories, instead of 8.

Photo of the site, currently occupied by the ugly little Townsville Motor Boat & Yacht Club. One hurdle GPD has to cross before construction begins is to find a temporary home for them.

http://img35.imageshack.us/img35/3758/1004273s8pv.jpg (http://imageshack.us)

I wonder where though, probably abit tough to find a suitable temporary Home though.

Sales centre opens to the public in September but sales from those who pre-registered are already going well. They still havn't asked me if I want to buy one :(

GORDON Property Developments reports 16 sales for its Nautica apartment project for the Townsville Motor Boat and Yacht Club site, including eight luxury residences between $1 million and $1.575 million. The penthouse sale of $1.575 million is believed to be a record price - until the Hedley Group's penthouses in the Sturt St T1 project now under construction are released. They are priced between $2 and $3 million.

Anyway, I thought that you said you didn't want one anyway if they did offer you to buy one.

Oh hell no, I'm just a poor struggling student, but they still should have asked me. :)They said those who pre registered would receive a private invitation to view the display centre.

If it did have a lazy 2 mil lying around I'd buy a few apartments in Gateway so it could start construction already.

I was walking past the display centre today and I noticed the door slightly ajar, so I went in. Turns out it isn't actually opened yet but the woman there let me in but wouldn't let me take any photos.

The model looks good - there are no blank walls - the back and sides have plenty of glass and some balconies. There were no renders around the place though, and she didn't have any to give me, but she did say it should be launching in about three weeks.

I was wondering whether the display centre was open or not. I drove past there last week, i could see the lights were on in there.

So it hasn't actually opened yet, maybe thats why they didn't ask you for one yet.

Construction now put back until next year:

Two on hold - Butts on Monday (http://townsvillebulletin.news.com.au/common/story_page/0,7034,16864909%255E15702,00.html)
CLOSER to home, we hear there is a little hiccup with the proposed development of the North Queensland Club, which apparently has been placed on hold. So too the work on the Townsville Motor Boat Club which was originally scheduled to begin in the first week of October. Apparently there won't be a lot happening on that site either until after Christmas. Or that's the scuttlebutt around the club's popular waterfront bar.
Hardly surprising.

Hardly Surprising indeed :)

There was a notice in the tender section of the Bulletin on Saturday, reading:

Nautica
Multi Unit Development
Townsville

Leighton Contractors has recently been awarded the above project. Subconstractors and suppliers are invited to express interest by ...(various contact details)Good to see that the ball is rolling, albeit very slowly.

And abeit very faster than Gateway might I add.

Ongoing trouble for Nautica courtesy of Butts on Monday (http://www.townsvillebulletin.news.com.au/common/story_page/0,7034,17460242%255E15702,00.html). Very worrying. :ohno:

THERE is considerable speculation around town about the future of the Motor Boat and Yacht Club, a favourite (and famous) city watering hole for a lot of years.

Seems the much publicised new highrise development, already named Nautica, is caught up in a wrangle that, depending on who you speak to, could very well end up in litigation. Brisbane developer Noel Gordon is adamant the project is a goer. "As far as I'm concerned it's full-bore ahead," he said yesterday, though he admits there are a couple of hiccups and that 'certain matters with the club had still to be resolved'. However he said building contractors Leightons were actively engaging sub-contractors for the project and 'I expect everything to be signed up by December 14'.

Interest still high
MARKETING agents for Nautica, PRD Properties, say there is high interest in the 69-apartment block, with a third of them already sold off the plan. This is in spite of them not yet being advertised or even a launch date notified.

After Christmas
THE prized penthouse apartments were reportedly snapped up off the plan as soon as it was released and the cranes were expected in by October. They didn't (and still haven't) arrived. In fact there's absolutely no sign of any activity at all. The word now is 'after Christmas' but the question some cynics ask is, which Christmas?

Change of hands?
WE hear at least one other developer with a huge investment in the city has been asked to consider taking over the Nautica project, but no one is saying a word, publicly at least. There's plenty of talk around town, much of it conjecture, of course, but we do know one potential purchaser who told us he 'pulled the pin'. Developer Gordon, as upbeat as ever, will be in town next week for his staff Christmas party. No doubt he will tell us more then.

I think that with some of the things said there, that this project will still be a goer, I guess nothing isn't started or Completed on Time these days, Its happening with other projects down south, so that'll be the trend I guess.

But if A third of the Building which is what 23 or more out of 69 units being sold already then I guess that this one must be a goer.

I know someone working in the forward design areas for a utility company and they said that they thought Nautica was close to starting - whereas Gateway isn't even looking close to getting off the ground...

I read Butt's article, but as we all know, it's probably mostly crap anyway!! lol I think this one will still go ahead.

The Crap in Butt's Column, another supposed hiccup has occured this time with the TMBYC itself, saying that another place to locate the club is hard to find, but "his sources" inside the club, claim that the club board now wants someone else to develop that site.

I wouldn't place too much credence on a lot of what Butt's writes. In the past he has quoted information that I have been privy too.
What he has written has been completely out of left field. I think he makes up stuff to have something to write.

Or just to get attention with something that may or may not happen, and he goes, look at me, I uncovered a secret Local Police Operation that will involve Drug Raids and he will go and post it and jepardises something etc.

As Wezza put it in the Queensland Airports Thread and how I put it in before, The Crap in Butts Column :D, Get It or just find it immature.

Seemingly good news in the Bulletin today - construction on Nautica is ready to begin, all that's needed is a final agreement between GPD & TMBYC, although how likely an agreement is I don't know.

Nautica land deal close (http://townsvillebulletin.news.com.au/common/story_page/0,7034,17733251%255E14787,00.html)

THE $65 million Nautica apartment development on the Townsville Motor Boat and Sailing Club site on Ross Creek is only waiting on a final deal with the club before construction starts, according to the developers.

North Queensland manager for Gordon Property Developments, Bob McKay, said negotiations would resume shortly to hammer out a final agreement on just what the club would get from the development.

"All the statutory requirements have now been met with the various authorities, and some structural changes have been incorporated into the plans to meet the requirements of new legislation passed in the two years since the project was first started," Mr McKay said yesterday.

"We have met all our off-the-plan sales targets to reach the 'automatic trigger' to start building.

"Now all we have to do is thrash out the details of the arrangement with the club, and then it will be all go."

Although the final details are still the subject of those negotiations, the club will get a new premises out of the final deal. Mr McKay said he expected a construction phase of about 12 months once things got going on the 69-unit complex.

He said changes in construction costs now meant the average price of the Nautica units was 'about $900,000' and sales were still going well.
and the article came with a nice little pic of the model
http://townsvillebulletin.news.com.au/common/imagedata/0,3600,5093066,00.jpg

I like the photo that it provided, has the sales centre been opened yet.
Any news too on GPD's Blue on Blue, anyone know if they put a Crane up on site there too.

Well, todays bulletin has claimed that we wont be hearing of a full land agreement by about Mid-Febuary, so I'd like to see a Hammerhead or so on on site around Winter 2006, thats not if Bird Flu hasn't killed us all by then :D.

Yeh, on 5/1/06 the headline proclaimed "Nautica land deal close". Now two days later it's "$65m project bogged down". From what the article says, its sounds as if Nautica is a law suit just waiting to happen.

And Gertzy - I'm thinking maybe a Favco would be in order what with Quest diagonally opposite.

Other GPD projects have used Fav's so, I think youre right on that one.

BTW, Has the Sales centre started Operations yet.

^^Nope, it's still not open to the public.

Here's the article from Saturday's Bully:

$65 million projecy bogged down
By Malcolm Weatherup
7/1/06

The fate of the proposed $65 million Nautica development on the site of the Townsville Motor Boat and Yacht Club (TMBYC) will be known by mid February. Negotiations between developers the Gordon Property Development (GPD) and the club’s development committee have bogged down to the extent that the Gordon Group has taken out a caveat over the property. That means that the club cannot formally enter any arrangements with anybody involving it’s property title until the caveat expires on February 14, or the Gordon Group takes the matter to court for settlement.

The Townsville Bulletin understands GPD is almost certain to take the matter to court if agreement cannot be reached with the club. It is believed they are not prepared to walk away from their two-year commitment to the project which has already cost them hundreds of thousands of dollars.

In a three-page letter to members in mid-December, TMBYC Commodore Wayne Millar spelt out the negotiating position as it stands at the moment. After detailing the progress of talks, Mr Millar’s letter said “…the club has had a number of concerns and disappointments in relation to the performance of GPD throughout its period of dealings”. He said this had led the club’s lawyers to seek a barrister’s opinion in relation to the club’s position. “The detail of that opinion is commercial in confidence, having regard to (the fact) that GPD has representatives who are members of the club. It is sufficient to say that the club is acting in accordance with that barrister’s opinion,” the letter said.

Mr Millar wrote that GPD did not accept the clubs assertion that they has not met their obligations, and offered to settle on the contract on December 9. That would have meant that the club would have received money for its land which would have wiped out any club deficit and given substantial finds for future use of its own.

“The club did not settle the contract, acting in accordance with earlier advice,” the member’s letter said. Mr Millar said further negotiations with GPD were not out of the question, but said the club had been approached by a number of other developers.

Mr Millar is on leave and was unable to be contacted by the Bulletin and club manager Greg Dwyer said he didn’t think anyone would comment before the member’s meeting this month. GPD executives refused to respond to the Bulletin’s questions, but a statement would be released in the next week or so.

I think Nautica is dead. Haven't heard anything about it for ages. The website has been taken down and the sales office, which as far as I know never actually opened, is now gone. Hungerford House is now undergoing reconstruction to make way for Consortium Nightclub (Bully article (http://townsvillebulletin.news.com.au/common/story_page/0,7034,20488697%255E14787,00.html))

Unless anyone has any info I might send it to the archives as a "Never Built".

I'll shake some dust off this one.
I see some construction fencing has been put up and an excavator is on site. Might be nothing, maybe just some repairs.

^^Hmmm, intruiging...

Actually Nautica is now the subject of a lawsuit (just like I predicted in post #27 :)). I think what happened is that Gordon Property Developments is taking Townsville Motor Boat & Yacht Club to court because TBMYC pulled out of the development agreement, meaning GPD could no longer proceed with a project they had already sunk a ton of money into. I don't think Nautica will go ahead if GPD wins though, it'll probably just be financial restitution.

Nautica, such a great name! They should approach Nautica and brand it in their familiar sails ... and put a retail shop on the ground level ;)

im projecting lots of items being stolen from this building mistakenly.