Showing posts with label metacap. Show all posts
Showing posts with label metacap. Show all posts

Friday, October 10, 2008

Fall of an Empire

The Empire Square project on Elizabeth Street in Brisbane, which was to include a Westin Hotel, has been scrapped.

"Developer Metacorp is today in the process of advising investors it will not proceed with the development because it has lost financial backing, sources have told brisbanetimes.com.au. The empty retail stores on the site of the planned development have been readvertised for lease."

It was reported that a large number of the 100 apartments had sold off the plan. The minimum price was $1.3M for a 2 bed apartment.

See Brisbane Times.

Wednesday, March 19, 2008

Brisbane Westin

The Empire Square development is now in pre-sales. It is called The Residences at the Brisbane Westin Empire Square.

"The building area will be approximately 85,000m2. It is designed to be 250 metres high with 68 storeys and 62 habitable floor levels. Currently there are only 2 other buildings in the Brisbane CBD of comparable height.

The building architects Cottee Parker Architects Pty Ltd have designed an iconic structure which will be a signature building in Brisbane, with an ultra-modern tower and timeless qualities adding to the elegance of the city skyline.

Internally, the design aims to create a pleasing and peaceful ambiance in keeping with the elegance of the structure, whilst providing modern and practical solutions.

The development will be located on a land area of almost 2,000m2 at the upper end and southwest side of Elizabeth Street Brisbane.

The building will also feature 23 floors of "A grade" office space from levels 5 to 27. The office section will have a separate foyer and dedicated lift bank.

The building will also incorporate 104 strata titled residential apartments over 16 floors from floor 47 to 62. The current proposal is to integrate the apartments within the ´5 Star Hotel´. Through the integration concept, the apartments will be complementary to the Hotel and benefit from a wide range of premium facilities offered by the Hotel including; swimming pool, gymnasium, sauna, steam bath, relaxation lounge, food and beverage, house-keeping and laundry services.

The development will provide a range of accommodation choices from two bedroom apartments (some with study) to three bedroom sky homes and double storey penthouses. Prices start at $1,300,000.

The Hotel will occupy 20 levels of hotel rooms and facilities, which will incorporate 306 luxury hotel rooms and suites, including a presidential suite overlooking South Bank.

Level 30 will feature the hotel´s recreational facilities including pool, his & hers gyms, beauty centre and day spa. Meeting rooms and a business centre will also be available to guests.

Bar and dining facilities will be available on the mezzanine levels."