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28 Princes Hwy, Kogarah, approved at yesterday's GRLPP meeting:



Development specifics:

  • Demolition of existing building, construction of four (4) storey mixed development containing twelve (12) residential apartments, ground level commercial/retail space and basement carparking
  • Architect: Architecture & Building Works
  • Height: RL30.55m
  • Estimated Cost of Work: $ 4,375,918.00
Elevations:







 

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Kogarah Central progressing at a great rate. Photo from the developer's (Level 33) Facebook page:



 

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Now that 24 Montgomery Street Kogarah is fully approved and underway, I thought I'd post the development's specifics:

Specifics:
  • Partial demolition of existing buildings, restoration of existing heritage listed terraces and construction of a part 10/11 storey plus rooftop commercial development and basement car parking
  • Architect: Architecture & Building Works
  • Height: 40.31m (RL 64.76m)
  • Estimated Cost of Work: $ 10,657,532.00
















The site on March 31:



24 Montgomery Street, Kogarah
by cnd

 

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Today - 24 Montgomery Street's crane is now up:


24 Montgomery Street Kogarah
by cnd

Also in the image, the 12-storey commercial and residential redevelopment of 32-38 Montgomery Street ('Monument') which is yet to begin. I'll curate another post with specifics for this soon.





 

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On the agenda at the Bayside Local Planning Panel meeting scheduled for June 9:

594-600 Princes Hwy, Rockdale. The panel recommends APPROVAL

Specifics:
  • Demolition of existing structures on site and construction of a 10 storey mixed use building consisting of 49 residential apartments, 42 serviced apartments and 2 basement levels
  • Architect: Fuse Architecture
  • Height: 33.800m (RL 40.800m)
  • Lodged: 29/08/2019 Decision: Approved (9/06/2020)
  • Estimated cost of works: $28,813,364












 

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Rockdale is getting some very handsome developments lately. I wonder what's happening with Brighton Le Sands and all those ideas they had...?
 

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Well, this is a pleasant surprise, another major 10-storey development was lodged today with council for 206-214 Railway Parade, Kogarah. The site is next door to K Apartments. No documents have been posted online yet.

Partial specifics:
  • Demolition of existing structures and construction of a mixed use 10 storey property
  • Estimated Cost of Work: $ 18,570,935.00
  • Lodged date: 12/06/2020
The site (brown and blue buildings):


K Apartments Kogarah
by cnd


K Apartments Kogarah, Sydney
by cnd

 

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Documents have now been posted for the 206-214 Railway Parade, Kogarah proposal. It looks rather good!

Specifics:
  • Demolition of existing structures and construction of a mixed use 12-storey building (1 commercial floor, 11 floors of residential, 58 units and 4 basement levels)
  • Height: 42.08m (RL 70.32m)
  • Architect: Fuse Architects
  • Estimated Cost of Work: $ 18,570,935.00
  • Lodged date: 12/06/2020
















 

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From today's AFR, regarding The Orchid (now renamed Bloom):

Deloitte kicks off Ralan apartment sales in Sydney

Buyers of apartments in The Orchid development in Sydney – now called Bloom – agreed to release $44 million in deposits to developer Ralan.

Larry Schlesinger

Jun 30, 2020

Receivers have begun selling apartments in failed developer Ralan's former Sydney project, as they look to repay debts owed to non-bank lender Wingate and global investment firm Fortress.

The $300 million project known as The Orchid at 213 Princes Highway in Arncliffe near Sydney Airport features 318 apartments and 36 commercial units and is nearing completion.

Deloitte, who were appointed receivers in August by Wingate, has renamed the development Bloom, opened a display suite and appointed CBRE as selling and leasing agents.

Over 200 apartments and 13 commercial units were sold before Ralan collapsed last August owing creditors $560 million.

Of this amount, about $44 million is owed to mainly Sydney-based Chinese investors, who agreed to release their deposits for The Orchid apartments to Ralan as unsecured loans earning interest of 15 per cent per annum or more. The loans were personally guaranteed by Ralan founder William O'Dwyer.

They are all now unsecured creditors of the Ralan Group, which is in liquidation, and are unlikely to get any money back.

Deloitte had negotiated with some Ralan purchasers to honour deposits of up to 10 per cent. Some buyers had released deposits of up to 50 per cent to Ralan with the average deposit across The Orchid/Bloom understood to be 28 per cent.

It is understood 28 apartments are being offered for sale in an initial phase to test the market in the COVID-19 environment.

A statement issued by the Australia Culture & Commerce Association on behalf of about 60 Chinese apartment buyers accused Deloitte of "playing it tough" and putting their apartments on the market "even where buyers have agreed to accept the Deloitte proposal to honour up to 10 per cent of their deposit".

"Many were not offered new contacts and may see their apartments up for sale," the group claimed.

The buyers said they had been trying to negotiate a "reasonable bulk purchase price with Deloitte using current market comparisons" but that Deloitte has shown little to no interest.

Wingate, which is providing $82 million in loans for the project, declined to comment.

Title deeds also show the receivers of Ralan Arncliffe secured a mortgage in November last year to FCCD (Australia) Nominee Pty Ltd, a subsidiary of Fortress Investment Group's Drawbridge Special Opportunities Fund, which focuses on investing in undervalued and distressed assets.

A Deloitte spokesman told The Australian Financial Review the receivers were committed to "helping as many [Ralan purchasers] as possible find some value, complete their contracts, and minimise losses they might have suffered".

"They are confident that they have provided information on the proposal to all affected pre-sale purchasers. While their circumstances are fully appreciated, it was up to them whether or not they pursued the proposal.

"Ultimately, the receivers believe the proposal still represents the best outcome in a bad situation."

The spokesman said Deloitte was open to "constructive engagement and working toward market-based agreements" but that options proposed by some pre-sale purchasers to date have been "insufficient in detail to take forward".

"The receivers are also set to contact a small group whose circumstances in relation to the original contract price of their apartment did not meet the need for the proposal to provide a positive commercial outcome."

(Paywalled) Deloitte kicks off Ralan apartment sales in Sydney
 

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Over at Blakehurst, this week the GR Local Planning Panel approved the 7 storey proposal ('Water St Apartments') for 655-659 Princes Hwy.

Specifics:
  • Construction of mixed use development with ground floor retail, 7 storeys of units and basement parking
  • Architect: Woodman Architects
  • Height: 27.4m
  • Lodged date: 14/09/2017 Decision: Approved 30/06/2020
  • Estimated Cost of Work: $ 20,510,837.00













 

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You're over two weeks late, The Leader. I've already covered this, lol. The only new bit of info is it will include 11 serviced apartments.

Highrise will "complete renewal" of south Kogarah block

Jim Gainsford
JULY 7 2020

Photomontage of the development proposed for the corner of Railway Parade and Bowns Road, Kogarah.


An $18.5 million, 12-storey residential block is proposed to be built on the corner of Railway Parade and Bowns Road, Kogarah under plans lodged with Georges River Council.

The development for 206 and 214 Railway Parade would replace three commercial buildings currently housing a dance studio, tool shop and gymnasium.

If approved it would have 11 serviced apartments, 47 residential apartments on levels two to 12, roof-top communal space.

There would be commercial uses on the ground-floor and four levels of basement car parking with 86 spaces.

The site is in the Railway Parade South precinct of the Kogarah Town Centre, and its redevelopment will complete the renewal of the block bounded by Railway Parade, Bowns Road and Blake Street, according the DA's Statement of Environmental Effects.

"The site's corner location and position on the curve of Railway Parade make it visually prominent. The proposal has a high-quality architectural design which reinforces the corner through its projecting angular balconies.

"The commercial space will activate the corner, promoting pedestrian activity and create a place of interest.

"A Planning priority of the Greater Sydney Commission's South District Plan, is to support the growth of target industry sectors including tourism. The proposed service apartments are consistent with that priority, and importantly will support local businesses and health services who have clients with a need for accommodation. "

The development application exceeds the building heights and floor space ratio for the zone.

The maximum building height permitted for the site is 39-metres. The proposed development is 42.3 metres, a 3.3-metre contravention.

The floor space ratio controls for the site is 4:1. The proposed floor space ratio is 4.2:1, which would give an extra 266 square-metres.

The application said the controls were "unreasonable and unnecessary".

"The height variation request results in no adverse environmental impact and its circumstances are consistent with other height variations granted by Council," the SEE stated.

The SEE said the proposal is of an appropriate scale and mass for the site, is consistent with the desired future character of the area, is well-designed and will have no unreasonable amenity impacts.

"The proposed building will deliver a suitable and appropriate development for the site and is therefore worthy of approval," the SEE concluded.

 
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