#UC: Hamilton Harbour (Hamilton) - up to 22st/mixed

[BrizzyChris]

Thought I would start a thread on this as it shouldn't be long till we get some news about this project by Devine. Construction is meant to start in 2008.

Hamilton Harbour Website

[Brissy_Lad]

This was mentioned in our local newspaper, the council are freeing up some emtpy/dead space for development finally. I think this is what they refer to as Northshore? the other identified are the "Oxley Wedge" and in Rochedale.

[Orfeo]

^

Hamilton harbour is a different project, which is down river of Portside wharf. Northshore is just upriver of portside wharf.

[BrizzyChris]

What orfeo said. Hamilton Harbour is only a relatively small piece of land fronting Kingsford Smith Dr. It will probably comprise about 4-5 highrises.

[bribri]

I love how Hamilton Harbour actually has no "harbour" because it has no river frontage. Typical of Devine. Perhaps they plan to "harbour" something else there.

[BrizzyChris]

Yes they do actually - its called crappy architecture.

[BrizzyChris]

Bump.

[beastjim]

Is there anything happening on the site? If not they might be waiting for the ULDA master planning to happening to make life a touch easier.

[BrizzyChris]

Based on the UDA land use plan, it seems that the site will now allow for 10-20 storey buildings, so you might be right about Devine waiting. There current plan only went up to about 12 or so storeys I believe.

[MyFavco]

This is a development by Devine. It is a huge 21,450m2 site which they purchased for $30.7M. They DA was lodged last month. It is being assessed under the ULDA, and not by BCC.

It is a $500M mixed use community comprising 4 towers and some ground level retail. It is designed by Cox Rayner. They expect to finish the development by 2012.

Stg 1 is KSD1 Office - a 16,000m2 NLA 10 storey office, 1840m2 floor plates. This is currently being marketed to Tenants. The office building has a LED advertising screen at the front corner (seen below).

Stg 2 is a 22 Storey resi buiding, 222 units.
Stg 3 is 19 Storey Resi, 194 units.
Stg 4 - 15,000m2 NLA 10 storey office
The development also includes 5,398m2 retail across the buildings and a public carpark.

A start of Jun-09 is being targeted, however Devine has said that they need leasing pre-commitments for Stage 1 to commence.

image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr

[KJBrissy]

Looks like a great development. I think Devine have started to improve greatly looking at some of their recent completions and proposals.

Good to see the ULDA assessing it, more chance it will be approved!

[SoulvisionQ1]

Finally! Brisbane gets its first permanent LED screen!! Thanks for that MyFavco!

[neilo63]

Excellent that the ULDA are in charge of this one. Hopefully Devine deliver good build quality.

[beastjim]

Now were talking in the Northshore Hamilton area. Office component looks great, the residential towers a little so-so however it will give the ULDA a chance to show us what they are really about.

BTW for all ULDA development applications head here: http://www.ulda.qld.gov.au/01_cms/details.asp?ID=131
You can see that there are two there currently, the second one being the one referred to here with some great aerials and artist impressions. First office building is to be about 41m to roof with plant up above that. That link should remain the place to retrieve development applications for the ULDA for a while, (until they change the website design) so it might be worthwhile book marking.

EDIT: I give this a big chance of approval, in the proposed master plan there is a zoning/precincts map. One of the precincts covers basically the land that devine own and the precinct has been named hamilton harbour.

Precinct 2
Hamilton Harbour Precinct
q Mixed use precinct with a combination of residential,
retail and commercial uses
q A new road connection to Kingsford Smith Drive

[brisvegas01]

Yeah I saw this driving past on Kingsford smith drive. Won't it affect the flight path though?

[beastjim]

Originally Posted by brisvegas01

Yeah I saw this driving past on Kingsford smith drive. Won't it affect the flight path though?

If your plane is at 100m or 300ft that far away from the runway then there is something seriously wrong. This site is still 6km away from the end of the runway. Anything up to 500ft is not an issue for air traffic unless basically right next to the end of the runway.

[JayT]

Wow that looks awsome.

I saw the billboard for that the other day but the traffic was actually moving and I didn't get time to look.

Looks taller than most projects mooted for that area.

j

[brisbanite]

Looks a good development and a shot in the arm for this area. How does Devine procure their finance? Obviously they are not too purturbed by the global economic conditions.

[Marty_]

Devine are really cashed up at the moment, I believe. Maybe someone can confirm?

[Fabian]

It's been approved folks

And sales have taken off as well!!!

From The Courier Mail

Rush on tower - Buyers snap up $30m in Hamilton highrises
Michelle Hele
494 words
13 March 2009
The Courier-Mail

Copyright 2009 News Ltd. All Rights Reserved

TOUGH economic times have not deterred buyers from jumping on board a mixed-use development at Hamilton with more than $30 million of apartments sold in just over a week.

With the Urban Land Development Authority only granting approval to the masterplan for the $500 million Hamilton Harbour project last week, the developers were overwhelmed by the rush to buy before formal marketing had been launched.

The joint venture project between Leighton Properties and Devine Ltd will result in the two tallest buildings in the suburb to date, with residential towers hitting 22 storeys and 19 storeys.

In addition to the residential towers, housing 432 apartments, there will be two 10-storey commercial buildings offering 31,000sq m of space, a public car park and lifestyle precinct with retail, cafes and boutiques.

While other developers are mothballing projects awaiting the return of a more buoyant market, Devine managing director David Devine said his firm had done a lot of research and was confident Hamilton Harbour would hit the market.

Andrew Borger, of Leighton Properties, said that to have achieved such a strong result in a week showed they had the right offering.

Of the 432 apartments, 90 will be affordable to rent for people who earn the median Brisbane household income of $60,000. Prices start at $295,000.

According to Brian Stewart, of the Urban Development Institute of Australia, affordable housing is what will help lead the recovery in the economy.

He said new home buyers would need to lower their expectations to meet their budgets.

BIS Shrapnel managing director Robert Mellor said in Brisbane this week that affordability had been a major issue in the Brisbane market.

But he said with first-home buyer's grants and low interest rates, buyers were returning to the market, which would also encourage existing home owners to take the plunge and ``upgrade''

To date, Hamilton Harbour has secured 68 sales for a total of $30.219 million.

According to Devine marketing director Ken Woodley, apartments already committed to are the one and two-bedroom offerings and it was mostly local buyers securing them.

Three-bedroom apartments, which start at $1.595 million, will be offered for sale in coming weeks.

Mr Devine said that the developers looked at the site as being the first stage of redevelopment of the Northshore Hamilton region. As a result, he said being the first project to get under way, buyers should see some good capital growth.

While it is hoped construction will be under way by the fourth quarter this year, Mr Devine said they would want pre-sales of 60 to 70 per cent of apartments under their belts before then.

``The market is in undersupply throughout the country,'' he said. Mr Borger said the fact it was a Hamilton address in the waterfront precinct also made it appealing.