#UC: Newstead Riverpark - Page 11

nathandavid88 · March 1st, 2012, 05:32 AM

Thanks for the photos Finn. Don't get to see the progress up that way too often, so it's good to see what's happening. Should make for a nice little precinct when it's done.

KJBrissy · March 1st, 2012, 05:33 AM

That is a massive site!

38921111 · March 1st, 2012, 05:35 AM

it's an illusion. you probably also see palm trees and scantily-clad maidens bearing grapes.

finn · March 1st, 2012, 05:39 AM

Quote:

Originally Posted by Marty_

Good gravy, I seem to have missed all the work going on with the FKP site. Is that piling I see? Is something actually U/C??

Indeed, they've been full speed ahead since last August when excavations began.

finn · March 1st, 2012, 05:56 AM

Quote:

Originally Posted by KJBrissy

That is a massive site!

Massive project as well:

- 7,800sqm of retail space (including full-line 4,000sqm Woolworths supermarket)

- 8,600sqm of commercial office space over four levels

- 17-level residential tower with 226 apartments

38921111 · March 1st, 2012, 07:15 AM

they are just building the 7800sqm of retail tho aren't they?? the flats and offices aren't ready to go yet??

finn · March 1st, 2012, 11:38 AM

Quote:

Originally Posted by 38921111

they are just building the 7800sqm of retail tho aren't they?? the flats and offices aren't ready to go yet??

They are building the offices. FKP are going to have their HQ there.

JayT · March 2nd, 2012, 04:15 AM

The renders look pretty 'blah' to me. I reserve the right to comment when its near completion. The idea behind it is good, great layout and the area is screeming for another supermarket.

Mostly - I look forward to another 3 or 4 cranes going up. I'm thinking the view from Kingsford Smith Drive will be 'Crane mesh' in the next few years...

brizguy · March 2nd, 2012, 05:14 AM

Quote:

Originally Posted by JayT

The renders look pretty 'blah' to me. I reserve the right to comment when its near completion. The idea behind it is good, great layout and the area is screeming for another supermarket.

Mostly - I look forward to another 3 or 4 cranes going up. I'm thinking the view from Kingsford Smith Drive will be 'Crane mesh' in the next few years...

It will be a min 5 years, FKP has to revise the plans another 10 times

finn · March 2nd, 2012, 11:06 PM

I've heard that Mirvac's next stage after Park Apartments will be to finish off the block surrounding the park with buildings along Skyring Tce. Resi, office & hotel. Don't know when this will kick off though.

Meanwhile, a land parcel that I think belongs to Mirvac has been put up for sale on corner of Skyring & Wyandra. Ads indicate it could be developed to 25 levels. Getting another developer into the precinct could speed up the overall development process?

Devine will start on their Teneriffe development soon & Metro have a sign up on the Longland St car park so I get the feeling there will constantly be some kind of big development (and associated cranes) underway in the precinct over the next 5 years at least.

Oh, plus the BoQ office requirement if the FKP or Watpac sites are selected, which will deliver a 15 storey office tower at the Skyring/Breakfast Ck Rd intersection.

yuma · March 4th, 2012, 05:36 AM

Yeah that site at nearer to the back that just went on the market is Mirvacs.

I have noticed that the FKP site has been going awfully slow lately. It seems they did the piling then pretty much stopped. Although last weekend a crane did get put up.

38921111 · March 5th, 2012, 12:04 AM

Quote:

Originally Posted by finn

They are building the offices. FKP are going to have their HQ there.

it's never a good sign when a developer is pre-committing to their own project..!

KJBrissy · March 6th, 2012, 02:52 AM

Fin Review today said that BoQ are going into FKP's Gasworks building.

Also Boeing are on the scout. They could be in Waterloo, somewhere in Newstead, the Airport or on Albert Street.

BrissyMan1 · March 8th, 2012, 03:31 AM

Quote:

Originally Posted by KJBrissy

Fin Review today said that BoQ are going into FKP's Gasworks building.

Also Boeing are on the scout. They could be in Waterloo, somewhere in Newstead, the Airport or on Albert Street.

The BOQ comment is correct. I think its an unbelievably poor decision from BOQ to move out of the city, particularly when the last move to Queen Street was based purely on wanting to give their staff optimum amenity and convenience of location.

KJBrissy · March 8th, 2012, 03:42 AM

Unless there is a thought the amenity will be optimum in Newstead with a supermarket, James Street markets, Emporium etc. etc. etc.

Personally I don't agree, however the extra green space would be nice.

Samuel77 · March 8th, 2012, 04:02 AM

I think it is too far from James Street for it to be an amenity.

nathandavid88 · March 8th, 2012, 05:22 AM

It is a bit of a hike down to Emporium and further still for James Street! I guess it is close to Teneriffe...not that there's that much there. Maybe when

Is it just me, or does this sound like BoQ trying to keep up with the Joneses (Suncorp). Suncorp moves out of the CBD into South Bank, and BoQ, not wanting to be left in the CBD, needs somewhere kinda like Suncorp's South Bank locale – but Newstead is as close as they could get. Either that, or they're banking on it being just as good a location when the precinct is completed.

finn · March 8th, 2012, 06:30 AM

It's probably the desire for campus-sized floorplates with much cheaper rent than the CBD.

38921111 · March 9th, 2012, 12:49 AM

Quote:

Originally Posted by finn

It's probably the desire for campus-sized floorplates with much cheaper rent than the CBD.

+1

BrissyMan1 · March 9th, 2012, 03:20 AM

Quote:

Originally Posted by finn

It's probably the desire for campus-sized floorplates with much cheaper rent than the CBD.

You are aware that in comparison to staffing costs including annual staff turn over office accommodation expenses are insubstantial?

That said it isnt like banks being out of the city isn't all ready common, if you look to Sydney / Melbourne.

Rod

March 1st, 2012, 05:33 AM	#202
KJBrissy ........... Join Date: Jan 2006 Location: Brisbane Posts: 9,399 Likes (Received): 142	That is a massive site! __________________ "Traditionally what has hurt people has not been rising interest rates but rising unemployment. I don't care what rate you're paying, if you have a mortgage five times your income and you lose your job, you're toast." Gerard Minack, chief economist at Morgan Stanley.

March 2nd, 2012, 04:15 AM	#208
JayT Like whatever.... Join Date: Sep 2002 Location: Brisbane/Gold Coast Queensland Australia Posts: 7,990 Likes (Received): 92	The renders look pretty 'blah' to me. I reserve the right to comment when its near completion. The idea behind it is good, great layout and the area is screeming for another supermarket. Mostly - I look forward to another 3 or 4 cranes going up. I'm thinking the view from Kingsford Smith Drive will be 'Crane mesh' in the next few years... __________________ My Current Favorite Cities & Regions: SINGAPORE, Iskandar (Malaysia), Macau/Zhuhai (China), Curitiba (BR), Blumenau (BR), San Francisco (USA)

March 6th, 2012, 02:52 AM	#213
KJBrissy ........... Join Date: Jan 2006 Location: Brisbane Posts: 9,399 Likes (Received): 142	Fin Review today said that BoQ are going into FKP's Gasworks building. Also Boeing are on the scout. They could be in Waterloo, somewhere in Newstead, the Airport or on Albert Street. __________________ "Traditionally what has hurt people has not been rising interest rates but rising unemployment. I don't care what rate you're paying, if you have a mortgage five times your income and you lose your job, you're toast." Gerard Minack, chief economist at Morgan Stanley.

March 8th, 2012, 03:42 AM	#215
KJBrissy ........... Join Date: Jan 2006 Location: Brisbane Posts: 9,399 Likes (Received): 142	Unless there is a thought the amenity will be optimum in Newstead with a supermarket, James Street markets, Emporium etc. etc. etc. Personally I don't agree, however the extra green space would be nice. __________________ "Traditionally what has hurt people has not been rising interest rates but rising unemployment. I don't care what rate you're paying, if you have a mortgage five times your income and you lose your job, you're toast." Gerard Minack, chief economist at Morgan Stanley.

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March 1st, 2012, 05:32 AM	#201
nathandavid88 Registered User Join Date: May 2010 Posts: 5,136 Likes (Received): 280	Thanks for the photos Finn. Don't get to see the progress up that way too often, so it's good to see what's happening. Should make for a nice little precinct when it's done.

March 1st, 2012, 05:35 AM	#203
38921111 opinions are my own Join Date: Jan 2011 Posts: 526 Likes (Received): 15	it's an illusion. you probably also see palm trees and scantily-clad maidens bearing grapes.

March 1st, 2012, 07:15 AM	#206
38921111 opinions are my own Join Date: Jan 2011 Posts: 526 Likes (Received): 15	they are just building the 7800sqm of retail tho aren't they?? the flats and offices aren't ready to go yet??

March 2nd, 2012, 11:06 PM	#210
finn Registered User Join Date: Sep 2002 Location: Brisbane Posts: 2,550 Likes (Received): 50	I've heard that Mirvac's next stage after Park Apartments will be to finish off the block surrounding the park with buildings along Skyring Tce. Resi, office & hotel. Don't know when this will kick off though. Meanwhile, a land parcel that I think belongs to Mirvac has been put up for sale on corner of Skyring & Wyandra. Ads indicate it could be developed to 25 levels. Getting another developer into the precinct could speed up the overall development process? Devine will start on their Teneriffe development soon & Metro have a sign up on the Longland St car park so I get the feeling there will constantly be some kind of big development (and associated cranes) underway in the precinct over the next 5 years at least. Oh, plus the BoQ office requirement if the FKP or Watpac sites are selected, which will deliver a 15 storey office tower at the Skyring/Breakfast Ck Rd intersection.

March 4th, 2012, 05:36 AM	#211
yuma Registered User Join Date: Sep 2009 Posts: 570 Likes (Received): 0	Yeah that site at nearer to the back that just went on the market is Mirvacs. I have noticed that the FKP site has been going awfully slow lately. It seems they did the piling then pretty much stopped. Although last weekend a crane did get put up.

March 8th, 2012, 04:02 AM	#216
Samuel77 Registered User Join Date: May 2008 Location: omnipresent Posts: 1,345 Likes (Received): 223	I think it is too far from James Street for it to be an amenity.

March 8th, 2012, 05:22 AM	#217
nathandavid88 Registered User Join Date: May 2010 Posts: 5,136 Likes (Received): 280	It is a bit of a hike down to Emporium and further still for James Street! I guess it is close to Teneriffe...not that there's that much there. Maybe when Is it just me, or does this sound like BoQ trying to keep up with the Joneses (Suncorp). Suncorp moves out of the CBD into South Bank, and BoQ, not wanting to be left in the CBD, needs somewhere kinda like Suncorp's South Bank locale – but Newstead is as close as they could get. Either that, or they're banking on it being just as good a location when the precinct is completed.

March 8th, 2012, 06:30 AM	#218
finn Registered User Join Date: Sep 2002 Location: Brisbane Posts: 2,550 Likes (Received): 50	It's probably the desire for campus-sized floorplates with much cheaper rent than the CBD.