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A Melbourne-based developer who owns a landmark site in Fortitude Valley with approval for 500 plus apartments has asked the Brisbane City Council for a development application extension.
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WITH the Brisbane apartment market still coping with oversupply issues the Melbourne-based owner of one of the most prominent Fortitude Valley development sites has quietly asked for DA extension.
With the current DA on the Brunswick Central site expiring at the end of the year Accord Property Group, through its subsidiary Brunswick Ivory Pty Ltd, has asked for an extension for its Brisbane Towers project until the end of 2023.
The property has approval for a 525 apartments and 3000sq m of retail for the 421 Brunswick St site.
In early 2016 David Devine’s Metro sold the site for about $35 million to Accord having optioned up the property from the Power family in 2014 for a similar price.
Accord, founded by Ross Clarke and Scott McVilly, cited the softness of the inner city apartments market and a tight lending regime for its four-year extension application.
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PROPERTY industry stalwarts Alison Quinn and Paul McLean have been appointed to the Sunshine Coast’s SunCentral Maroochydore board.
Quinn has expertise in residential, commercial and retail markets and was most recently chief executive of Retire Australia, the largest private operator, developer and manager of seniors’ housing in the country. She has also served on a number of boards including the Property Council of Australia and the Urban Development Institute of Australia.
McLean an Australian rugby union great and former Savills Australia chief executive is also the chairman of not-for-profit group Youngcare and the Mater Group Property Committee.
They join SunCentral Maroochydore chairman Doug McTaggart and fellow board directors Don Boyd and Morgan Parker.
THE QUT Creative Industries Precinct 2 was the star of the Australian Institute of Architects’ Queensland State Architecture Awards.
Designed by Richard Kirk Architect and HASSELL, the six-storey building set within the heritage-listed former Gona Barracks claimed top honours in three categories — the Jennifer Taylor Award for Educational Architecture, Don Roderick Award for Heritage and GHM Addison Award for Interior Architecture.
The precinct was praised by the jury as “a world-class example of a creative arts studies educational building … which pushed the boundaries of educational architecture”.
The Harry Marks Award for Sustainable Architecture went to 25 King by Bates Smart, which also received the Beatrice Hutton Award for Commercial Architecture.
The jury said 25 King Street was “a potential catalyst for positive change within the Queensland building design discourse. A restrained glazed rectilinear form of 10 levels with basement belies the importance of the structural resolution within adopting an all timber structural system, demonstrating a sustainable and viable alternative to established construction methodologies of steel and concrete.”
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McGees’ changing of the guard
After more than three decades with McGees Property Group Justin Clarke has resigned from the company as two other major commercial agencies in Brisbane announced changes at the top.