That Lutwyche development is fantastic!!!
Cue the NIMBYs
Cue the NIMBYs
Good mail delivers $5m deal in Brisbane’s new investment property hotspot
A vacant site close to some of Brisbane’s most prestigious addresses has been sold for $5 million, with the new owner planning a major redevelopment down the line.
Phil Bartsch, The Courier-Mail
February 24, 2020 3:27pm
Sam Callanan and Michael Gard from Cushman & Wakefield at the former Australia Post distribution facility in Albion.
A FORMER Australia Post distribution facility has delivered a deal in an emerging urban renewal precinct next to some of Brisbane’s most prestigious addresses.
The property on an elevated 3652sq m corner site at 64 Lever St, Albion, has been bought vacant possession by a local private investor.
According to CoreLogic property records, it changed hands in a $5,005,000 deal, including GST.
The asset comprises 929sq m of building area with on-site parking for 40 cars.
Cushman & Wakefield’s Michael Gard, who brokered the deal with colleague Sam Callanan, said the recently-settled deal reflected a growing investor focus on the inner-north hub.
“We’ve had a lot of interest from groups looking to be in that pocket of Albion, which is closer to Ascot and Hamilton and just getting better and better,” he said.
Mr Gard said the Lever St property was hotly contested with the expressions of interest campaign resulting in multiple offers.
“We had developer interest but the strongest interest came from investors and owner-occupiers,” he said.
“The successful buyer was attracted to the solid existing built form on site and the future residential development upside the site offered.
“It’s a pretty versatile building and the immediate plan is to hold it for the time being, lease it out and look at redeveloping it down the track.”
Mr Callanan said because of the highly adaptable existing accommodation and the future development potential, the property was actively targeted by locals and interstate investors and development groups.
“The six-storey zoning and solid existing improvements were extremely attractive features for all groups,” he said.
Mr. Callanan said there had been a high level of interest in Albion with the proposed redevelopment of the Albion train station and the Albion Park Raceway.
“We expect this area to continue to grow and for Albion to experience new levels of urban renewal in the coming years,” he said.
Poly Australia will start work this year on a 234-dwelling `healthy lifestyle’ community in Ascot with completion schedule for 2022
A giant Chinese-back developer is scheduled to start early works in a few months on its first Queensland community.
Chris Herde, The Courier-Mail
March 3, 2020 7:00pm
An aerial of the 6ha development site at 104 Lamington Ave, Ascot.
AN international development giant is set to start work by the middle of the year on a new community in an exclusive Brisbane address.
Chinese backed developer Poly Australia has secured development approval for its premier Queensland residential project, Ascot Aurora.
Chinese development giant secures first Queensland site
10 developments set to redefine Brisbane in 2020
Work starts on 204-lot development south of Brisbane
The development approval for the 234 dwelling development came from Brisbane City Council just before Christmas and has now taken effect following the completion of the associated appeal periods.
Poly Queensland executive director Xiaowei Xue said they actively engaged the
community throughout the process.
“We’ve been committed to community collaboration from the outset so we were more than
confident the application would be positively received by both council and the community,” he said.
Last year Poly Australia paid $36.5 million for a 6.2ha site at 104 Lamington Ave, Ascot, which was its first acquisition in Queensland.
Mr Xu said the community will be focused on families with an emphasis on community facilities.
“We prioritised active and spacious living, opting for a design that encourages a healthy lifestyle, something that buyers in the area truly appreciate in their day-to-day activities. From a number of public parks, a community garden, an outdoor swimming pool, BBQ, entertainment facilities and mindful pedestrian networks, it provides an open and socially connected environment,” he said.
“Residents will have the opportunity to come together and grow within a vibrant community that’s destined to evolve at Ascot Aurora.”
The site will have 209 two, three and four-bedroom townhouses, 10 freestanding, four-bedroom townhomes, and 15, one, two and three-bedroom apartments.
The project is expected to commence early works in mid-2020 with the target of completion mid 2022.
The project is Poly Australia’s first development outside of NSW and Victoria since they arrived in Australia in early 2015.
Since launching in Australia four years ago, Poly has built up a $2 billion pipeline of Australian projects.
Frasers Property have started building its Riverlight North apartment tower at its $700m Northshore community
Work has started on the 11th residential tower in a $700 million masterplanned waterfront community in Brisbane’s eastern suburbs, with 300 workers set to be engaged, in a positive sign for property and construction markets during the challenges of COVID-19.
Chris Herde, The Courier-Mail
May 22, 2020 2:17pm
Northshore Hamilton: New river community on the way
Northshore Hamilton, one of Australia’s largest urban renewal projects, will be home to a new $400 million waterfront community.
WORK has started on the eleventh residential tower in $700 million masterplanned waterfront community in Brisbane’s eastern suburbs which will feature a sensory garden for residents complete with fresh herbs, jasmine and frangipani landscaped to provide a tranquil refuge
Frasers Property Australia has commenced construction of the $48.4 million Riverlight North in the Hamilton Reach precinct which is part of the largest waterfront urban renewal project by the Queensland Government.
Construction completion is scheduled for the second quarter of 2021 and the project will employ about 300 workers.
General manager residential Queensland for Frasers Property Australia Scott Ullman said getting construction of the 11-storey Riverlight North underway was a positive sign for property and construction markets during the challenges of COVID-19.
“Hamilton Reach has experienced strong sales this financial year — particularly for the last remaining Riverlight East apartments — so it is both timely and exciting for the crane to be going up and for construction to be commencing on Riverlight North,” he said.
“The two Riverlight buildings are similar with the same high quality of finish, however we have catered for the ongoing demand for three-bedroom apartments by increasing the proportion of this apartment style in the North building.
“Throughout COVID-19 restrictions, construction has remained an essential activity, so we are very proud to be commencing building with Tomkins and their associated subcontractors, while following strict COVID-19 site safety and social distancing protocols. It is vital to our economy that construction projects such as Riverlight North forge ahead.”
With 85 apartments Riverlight North adjoins the nearly sold out Riverlight East and is the first Hamilton Reach precinct set to have its own sensory garden – a shared landscaped community garden space to incorporate fresh herbs such as rosemary and mint along with other plant species like aromatic jasmine and frangipani.
Riverlight North will also have access to the Riverlight resident facilities that include a 20-metre lap pool with sundeck, fully equipped gymnasium, dining and function room and award-winning landscaped gardens and barbecue area. Residents will also have access to kayaks and bicycles for exploring Hamilton Reach and its surrounds.
^^Riverlight.com.au and surrounds @ Hamilton Northshore
Albion’s $200m Hudson Common development to change face of inner city precinct
A long neglected site in an inner city precinct will undergo a $200m transformation into a new business and community hub. SEE THE PICTURES
Chris Herde, The Courier-Mail
August 6, 2020 5:55pm
An artist's impression of Hudson Common from the air.
A landmark site in Brisbane’s inner north that has been labelled an eyesore for years is set for a $200m transformation.
Alceon (Qld) has lodged a development application to change the face of Albion and create a new business and community hub, supported by convenient and boutique retail and residential apartments.
Alceon (Qld) director Todd Pepper said Hudson Common would create a new heart for Albion providing activation seven days a week in what will become Brisbane’s next inner-city growth area.
With the city shaping Cross River Rail network linking up with Albion rail station, Albion will become one of Brisbane’s most transport connected suburbs, linking office workers and residents to Central station, the new downtown Albert Street station, and the Airport all within three stops” he said.
“The project’s scale and elevated location will establish a new commercial business park, providing tenants with an unrivalled level of amenity and transport options”
Hudson Common is at 240 Sandgate Road, a 1.1ha old Tabcorp site. The existing building will undergo a complete building refurbishment, complete with facade upgrade, supported by open area plaza for business and community activation between a new mid- level commercial office tower with sweeping views of the Brisbane CBD.
An artist's impression of the Albion development,
The on site bistro, supermarket and boutique retail provides an opportunity for local residents to enjoy the open, family friendly Plaza with on-site residents.
Development approval is expected later this year for works to commence in 2021, with completion of the entire precinct forecast for late 2022, early 2023.
An artist's impression of Hudson Common.
Head of Core Property Partners Nathan Andersen said the building has been a landmark in Brisbane’s north since it was developed by Government in the mid 1970s.
“Approval was given in 2017 for the building to be demolished, however the decision to refurbish the original tower not only reflects corporate responsibility through sustainable design, but also responds to market demands for combining quality office accommodation with transport and amenity, allowing businesses to diversify their workforces in the post-Covid era.”
An artist's impression of Hudson Common.
The code assessable application includes a 2000sq m public plaza surrounded by a mix of convenience, food and beverage and service retail.
A new boutique supermarket will complement a gym and childcare centre. A total of approximately 14,000sq m of office accommodation and 77 boutique apartments will complete the master plan.
Re Millinium partners and the Old Waltons site. Apparently they are trying to secure 30 million in fund raising from ABN Amro to relaunch the project.www.skyscrapercity.com
Couriermail.com.au---Albion’s $200m Hudson Common development to change face of inner city precinct
Looks like a much needed project. I wonder if the market will be a Coles due to having a proposed Woolies just down the road at Albion Station? The artist's impression suggests that a new new two lane cycle way along Sandgate road in front of the development, will be included.
BCC PD online----- A005515830Great project. That area is in real need of investment
According to Your Neighbourhood the proposed supermarket will be 1500sqm and will trade 24/7. Give that information the big players like Coles and Woolworths would only be able to operate such a supermarket if retail trading hours were deregulated. A new entrant like "Amazon Go" could also operate 24/7 under the current Retail Act no problems. Amazon Go could also open stores at the proposed Lutwyche Transit Orientated Development as well as the one at Woolloongabba with the sky bridge and vacated supermarket on King Street. All those would be ideal locations. Amazon could instead launch their well awaited Wholefoods brand here too. Maybe modified to have the same tech as the Amazon Go stores?I was reading the DA and it states that its a new DA based on a pre-approved DA back in 2017. This new DA seems alot better. I am curious to know what the developer has in mind regarding a boutique supermarket? There are ones spotted around Brisbane like the Standard Teneriffe,The Stores West End and The Pantry at Southbank. Given to what has occurred on King Street, we all know what happens to boutique independent supermarkets, if they are not run well or not suited to the demographic.
Is IGA now considered as a boutique 24 hour supermarket?Is there any evidence Amazon is looking at expansion in QLD? I would imagine it is just going to be an IGA or similar
Amazon are expanding their distribution network in Queensland, as well as in the rest of Australia. Even though there hasn't been any indication of Grocery expansion recently? Amzaon have reserved the appropriate IPs in Australia in regards to their Amazon GO and Fresh brand related to the Grocery sector. They are also quite secretive when it comes to expansion plans. It can happen without notice, like their expansion into liquor recently and warehouse expansion.^^ Amazon is putting a fulfillment centre out at Lytton (just a refit of an existing warehouse) so they are expanding in that regard, but if you're meaning with regards to food specifically I don't think they have any immediate plans to enter the Australian grocery market.