1852 | The Nautical Mile’s Post

The hot new apartment market in Palm Beach is set to receive another injection of luxury apartments in early 2025, with two recent approvals for Marwan Chanine's Chanine Developments and Macquarie York paving the way for more half and full-floor apartments near the beach. Earlier this year Chanine Developments secured a prime site across 1407 Gold Coast Highway and 402-404 The Esplanade, swiftly filing plans for a boutique eight-level building with 15 half-floor apartments and a massive five-bedroom penthouse with a private rooftop pool. Macquarie York is working toward an early 2025 launch of Cirrus, which also recently received approval from the Gold Coast City Council. It will comprise just 10 full-floor apartments, a two-level penthouse, and a level one recereation deck with a swimming pool and lounge area overlooking the ocean. Managing Director Roy Skaf highlighted the strong engagement from the Gold Coast City Council to get the project approved. Macquarie York had Plus Architecture take the architectural lead for the development. Plus Director Danny Juric said they approached the project as an opportunity to demonstrate how design excellence can transform a site into an architectural landmark. Read more below. Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird 🐦⬛ to keep your finger on the pulse of the apartment and townhouse market.

Advantages and Disadvantages of Capsule Flats Construction in Megacities: A Stakeholder Perspective #4 *Capsule flats allow developers to attract more liquid investors and diversify the sales system, offering new options for the expected use of the facility, because an investor who buys a hotel room creates the initial hotel business: he owns 100% and invests in the business for less than he would if he owned all the hotel infrastructure. For the hotel business, capsule rooms are strategically important as the main source of medium-term operating revenue and source of fixed and variable costs, but they do not involve the fixed and variable expenses that are required for the classical hotel room. *Increase rentability and form a more profitable sales system. The inclination of the population to purchase economy-class property often leads to the fact that residential projects provided by developers under construction usually construct traditional types of floor plans. However, given the economic factors, such floor plans may be unprofitable for developers. This applies to innovative products such as capsules and cabin flats. However, some developers are ready to partially revise their marketing strategy and offer economically unprofitable products in their new projects, guided not only by commercial interests, but also by public demand to serve the state and society, forming them favorably in their perception. Often, developers have to choose between capital, financial assets, and social responsibility in order to provide a stable competitive advantage. *Present an extensive array of highly advantageous and lucrative residential properties that offer not just immediate profits, but also exhibit promising potential for substantial price growth in due course. In addition to their exceptional financial returns, these residential properties boast a multitude of remarkable features that make them an alluring investment opportunity. With their prime locations in desirable neighborhoods, they provide the perfect setting for a comfortable and luxurious lifestyle. Each property has been meticulously designed and constructed to meet the highest standards of quality and craftsmanship. The attention to detail is evident in every aspect, from the elegant architecture to the premium materials used throughout. These properties offer an abundance of amenities, including state-of-the-art fitness centers, serene spa retreats, beautifully landscaped gardens, and inviting communal spaces. Whether you are a seasoned investor or a first-time buyer, these residential properties provide an excellent opportunity to grow your wealth while enjoying the epitome of modern living.

🚀Gold Coast Apartment Boom: What You Need to Know! 🌆 The Gold Coast property market is sizzling hot! Despite a lack of new supply, demand for apartments continues to surge, driven by interstate migration and a booming local economy. Here's a quick snapshot of what's happening: 💥Demand Outpaces Supply: Real Estate Institute of Australia (REIA) spokesperson Andrew Bell warns there simply aren't enough properties to meet the influx of residents. 💥High-Net-Worth Buyers Drive Market: Wealthy Australians are flocking to Queensland, with Surfers Paradise and Broadbeach seeing a surge in cash purchases. 💥New Development Applications Submitted: While there are currently limited new projects, several exciting development applications are making their way through council approval. Here are 5 noteworthy projects to keep an eye on: 🏗️ ✅Project: Morris Property Group's High-End Broadbeach Tower 🔴Address: 14 Chelsea Avenue, Broadbeach 🔴Developer: Morris Property Group 🔴Architect: Cottee Parker Architects Located in the heart of Broadbeach, this 25-level development boasts 22 full-floor luxury apartments, perfect for the affluent owner-occupier searching for a prime location. 🌇 ✅Project: DVB Projects Doubles Down in Broadbeach 🔴Address: 137 Old Burleigh Road, Broadbeach 🔴Developer: DVB Projects 🔴Architect: Rothelowman Capitalizing on Broadbeach's growth, this 32-level tower offers 39 spacious half-floor and full-floor apartments, catering to a variety of residents. 🏙️ ✅Project: Luxury Palm Beach Apartments by Chanine Developments 🔴Address: 402-404 The Esplanade, Palm Beach 🔴Developer: Chanine Developments 🔴Architect: CDArchitects 🔴Site amalgamation specialists: GV Property Group Situated directly on the Palm Beach beachfront, this boutique building features 15 half-floor apartments and a stunning five-bedroom penthouse with a private rooftop pool, ideal for those seeking an exclusive beachfront lifestyle. 🏢 ✅Project: Little Projects & R.Corporation Revamp Broadbeach Tower 🔴Address: 118 Old Burleigh Road, Broadbeach 🔴Developer: Little Projects & R.Corporation (joint venture) 🔴Architect: Plus Architecture (current) 🔴Previous Architect: DKO Architecture (initial design) In collaboration with Melbourne-based developers, this redesigned luxury tower promises to grace the Broadbeach skyline. With a focus on high-end buyers, this project is sure to be one to watch. 🚧 ✅Project: Macquarie York's Absolute Waterfront Paradise 🔴Address: 50 Sunset Boulevarde, Surfers Paradise 🔴Developer: Macquarie York 🔴Architect: Plus Architecture This

Frenchs Forest Poised for Development Boom with Trio of Apartment Complexes Exciting news for Sydney's Northern Beaches! Plans for three new apartment complexes in Frenchs Forest signal a potential surge in development for the suburb. Located opposite the Northern Beaches Hospital and town center, these complexes would replace existing houses and provide much-needed housing options. Here are some key details: - 127 apartments: This project by Young Assets Holding Pty Limited will offer a mix of standard, affordable, and council housing. - Focus on sustainability: The development incorporates basement and mezzanine parking with dedicated car share spaces and electric vehicle charging stations. - First of many?: This project aligns with the Northern Beaches Hospital Precinct Structure Plan, suggesting Frenchs Forest could see significant growth in the coming years. This development has the potential to: 1) Increase housing availability in a desirable location 2) Create new jobs in the construction and property management sectors 3) Revitalize the Frenchs Forest area The application is expected to go on public exhibition next week. Visit the link below for more info. Toby Silk

CONCEPT OF SUPER BUILT UP, BUILT UP , AND CARPET AREA OF ANY RESIDENTIAL PROJECT -------------------------------------------- Carpet area, built-up area, and super built-up area are different ways to measure the space of a property: Carpet area The usable space within the walls of a property, excluding balconies, verandas, and open terrace areas. This is the actual area that occupants can use for various activities. Built-up area The carpet area plus the area occupied by walls, staircases, and other areas within the property. This provides a comprehensive view of the property's size. Super built-up area The built-up area plus the extra space occupied by common amenities, such as corridors, lifts, and other communal facilities. This offers a holistic perspective on the total space invested in. The cost of a property is usually calculated based on the super built-up area. The cost per square foot for a super built-up area is generally higher than the cost per square foot for a built-up area, which is higher than the cost per square foot for a carpet area. The difference in area between the super built-up area and the carpet area is called the loading factor. The loading factor is used to add the common facilities that are not exclusive to you.

Last week, I presented a major application to Planning Committee, which was supported with a large majority by Members. The scheme itself comprises the erection of a 37no. Storey residential tower, sited to the north of Hagley Road and this forms part of the New Garden Square Development, the first phase of which is now almost complete and set for imminent occupation. The tower will feature over 400 new apartments, offering one, two and three bedrooms units for private rent, with ample internal amenity space on offer to residents in the form of an on-site gym, meeting rooms, work spaces, lounges etc. as well as a roof terrace. Externally a network of spaces are to be provided with public access at just over 2,400 sqm. As the case officer, it was important to ensure the highest levels of design were achieved to create an identifiable, key marker building, to sit at this western gateway to the city core. Along with a high quality public realm at ground level for the public to enjoy. A financial contribution of £1.9 million pounds was secured as part of recommendation, to fund off-site affordable housing in a form and setting to be determined by the LPA, which meets the most urgent need of the city. New Garden Square aims to provide over 1,200 new homes within this sustainable location, just outside of the city core, adjacent to the Metro line, with a high quality urban park at its heart. Such approvals no doubt show the city’s resolve in providing much needed housing in all forms, at scale, without comprising on design or place making. I feel this is a truly exciting scheme which will have a transformative impact upon the local area as well as the city sky like. My full report can be found on the BCC website and a number of news outlets have written pieces on the development, one of which is referenced below. https://lnkd.in/epPfUys5

Just in: MERED Secures Prime Al Reem Island Waterfront Development: MERED, a leading real estate developer known for its iconic projects, is expanding its footprint to Abu Dhabi with a major waterfront development on Al Reem Island. This strategic acquisition marks MERED's first venture into the Abu Dhabi market, reflecting its ambitious growth strategy. The new development will feature a blend of residential and commercial spaces, characterized by innovative design and modern architecture. The project is currently in the schematic design phase, being crafted by world-renowned architects. This prime location will offer robust infrastructure, excellent connectivity, and world-class amenities, making it a highly attractive investment opportunity. Diana Nilipovscaia, CEO of MERED, highlighted the robust performance of Abu Dhabi's real estate market, which has seen significant growth in 2024. With a 6% price appreciation for luxury residential apartments in the first half of the year, the timing for this development is ideal. Nilipovscaia noted, "Inspired by our success with the ICONIC Tower in Dubai, we aim to bring the same quality, innovation, and sustainable development to Abu Dhabi. Our acquisition of this prime waterfront plot aligns with our vision to redefine real estate with timeless masterpieces." The project's strategic location offers direct access to Abu Dhabi's key attractions and transport hubs. It is five minutes from Reem Central Park, ten minutes from the major thoroughfare Sheikh Zayed Bin Sultan Road, and 15 minutes from the Galleria Mall and cultural landmarks like the Louvre Abu Dhabi. Abu Dhabi International Airport is a convenient 30-minute drive away, ensuring unparalleled connectivity for residents and businesses. MERED has a proven track record of delivering high-profile developments swiftly and efficiently. Since entering the Dubai market, the developer has launched and begun construction of the ICONIC Tower, set to be the tallest in Dubai Internet City at 286.4 meters. This project, featuring 310 luxury apartments and world-class amenities, exemplifies the future of upscale living. The Al Reem Island development is expected to draw significant interest from local and international high-net-worth individuals, driven by Abu Dhabi's thriving real estate market and the city's appeal as a global hub for business and culture. The development promises to set new standards in luxury living and commercial spaces, contributing to the ongoing transformation of Abu Dhabi's skyline. MERED's expansion into Abu Dhabi underscores its commitment to growth and excellence in the real estate sector. The company's strategic partnerships with top-tier architects, contractors, and service providers will ensure that this new development is a landmark project, enhancing the city's real estate landscape and offering exceptional value to investors and residents alike. For more…

Ceremonial shovels hit soil at Lewis Land’s visionary Harbour Shores community — the beginning of a decade of construction that will deliver homes for thousands of Gold Coast residents Gold Coast Mayor Tom Tate, Councillor Mark Hammel and Councillor Shelley Curtis were among the guests celebrating the milestone, which will deliver up to 5,000 new construction jobs over the next 10 years, a new community parkland, public boardwalk, and the most sustainable homes in the city’s history. Lewis Land Chief Executive Officer Brett Draffen said the vacant 16-hectare site, which has been held by the group for more than 40 years, would be transformed into a vibrant ‘village of villages’ that will ultimately be home to more than 4,000 people. Designed by BDA Architecture, Harbour Shores will evolve over the next decade to deliver a mix of boutique apartments and villas, communal open spaces and parklands, a 1.2-kilometre waterfront boardwalk, private marina berths, and a range of resort-style resident amenities. Harbour Shores is being marketed by Colliers International. Read more below. Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

*Interconnected Residential Complex of 31 Blocks* The Interlace is a 1,040-unit apartment building complex located at the boundary between Bukit Merah and Queenstown, Singapore. Noteworthy for its break from the typical tower design in cities with high population densities, it resembles Jenga blocks irregularly stacked upon each other.  The 170,000 square meters Interlace complex sits on 8 hectares of land, at the corner of Depot Road and Alexandra Road. It has 31 residential blocks with units ranging in size from 800 square feet to 6,300 square feet for the penthouses at the top of each blocks. Recreational facilities include swimming pools, a gym, and tennis courts. Interlace consists of six storey blocks staggered in a hexagonal arrangements surrounding eight courtyards. The blocks are stacked four high at the center to provide maximum of 24 floors. The architecture community have praised the Interlace that "incorporates sustainability features through careful environmental analysis of sun, wind, and micro-climate conditions on site and the integration of low-impact passive energy strategies." The Interlace won the World Building of the Year for 2015. It has been viewed as a challenge to traditional architecture not just in Singapore, but all over the world by CNBC..

Sydney's most connected address has just been revealed, with prominent developer Thirdi Group launching the first stage of its over station Crows Nest Metro development, Hume Place. "Elevate is not only going to offer some of the best apartments ever released, but it is also a one-of-a-kind development in terms of the value the metro will bring long-term to its owners," Third.i Co-Founder and Director, Luke Berry, says. "There are plenty of projects claiming close links to the Crow’s Nest Metro, but there is only one project getting built above it all. Having Elevate built directly over the station is why this project will outperform any other local projects in the future”. Hume Place will comprise three mixed-use buildings designed by the internationally acclaimed architecture firm Woods Bagot. Read more below. Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.