Showing posts with label pradella. Show all posts
Showing posts with label pradella. Show all posts

Friday, November 7, 2008

Waters Edge on the Edge

Monday, November 3, 2008

Water's Edge at West End Update

A friend forwarded an email to me, recently received from Pradella, that included the following:

"Pradella have adjusted the pricing of some of the apartments in ‘Reach’ at Waters Edge. We have now sold 50 apartments, but we need to keep moving toward our pre sales targets, hence the pricing adjustments. The 1 beds have not been adjusted, but some of the 2 bed plus 1 bath, and 2 bed plus 2 bath have, and there are some very good buys to be had."

My guess is that no construction will commence until there are about 100 pre-sales.

Wednesday, October 8, 2008

Water's Edge at West End - Traffic Concerns

Brisbane apartment project dismisses transport concerns

The company behind a new apartment complex in Brisbane's West End says it does not think the project will worsen local traffic flow. The old box cardboard factory near the Brisbane River will be replaced by 220 apartments. There will be two eight-storey towers built on the site.

Ross Higgins from Pradella Developments says it should attract more transport infrastructure to the area.

"West End's undergoing a major infrastructure redevelopment from a traffic point of view now," he said.

"And really what we're doing is replacing a lot of people that were working in the area anyway.

"I don't believe it'll have a negative effect on transport in fact I think that it'll bring more transport infrastructure to the area."

Source: ABC News

In fact, there are plans for more than two buildings on the site -- with two or three buildings planned for the other side of Duncan Street as well, as shown on the map on the project website.

See also Brisbane Times

Monday, September 29, 2008

Parklands at Sherwood Residential Development

I recently visited the Parklands at Sherwood development, by Pradella. It is currently under construction, with stage one completion planned for this year.

When complete, the development will have 239 residential dwellings - a mixture of houses, townhouses and apartments. They all share a pool, gym and resident's meeting room. For this post, I will focus on the apartments.

Stage One consists of 28 apartments, over two floors. There is a mixture of 1, 2 and 3 bedroom apartments. Half the apartments face the park, and half face the town houses.

Stage Two consists of 54 apartments, over three floors. Again, a mixture of 1, 2 and 3 bedroom apartments. Half the apartments face the park, and half face the "village green".

All apartments have air conditioning, and elevator access to 2 car park spaces in the basement.

The sizes of the apartments are typical. For example:

  • larger: 2 bedrooms, 2 bathrooms, 1 study nook = 91 internal and 30 external = 121 sqm
  • medium: 2 bedrooms, 2 bathrooms, 1 study room = 88 internal and 22 external = 110 sqm
  • smaller: 2 bedrooms, 2 bathrooms = 83 internal and 14 external = 97 sqm
The larger apartment listed above is an end apartment, and so has good light from two sides. The living area has over 5 metres of glass sliding doors. The ensuite has both a bath and shower. There is a separate laundry. The bedrooms are well separated, and the second bedroom is near the bathroom.

For the medium apartment listed above, both bedrooms have views. The bedrooms are well separated, and the second bedroom is near the bathroom. The ensuite has both a bath and a shower. The separate study room is a real room (but with no windows) -- it is large enough to be a nursery, guest bedroom or media room.

The best thing about the development are the views from the parkside apartments. You just see green parklands for miles. The apartments are built on a hill, facing north and north east. They are up high, so even the lower floor has views. There is park immediately in front, then Oxley Creek, the Brisbane River and Indooroopilly Golf course. From the second floor apartments you can see city buildings -- I could see the clock on the Suncorp building. Great aspect, views and breezes. I really had low expectations, but was blown away by the views. And they can never be built out.

This development will be unique in the Sherwood / Graceville / Chemler area. It is well located, near the Sherwood State School, and walking distance to Woolworths in the Sherwood village, and the railway station at Sherwood. Here is a link to an area map.

In stages one and two, most of the 2 bedroom parkview apartments have sold. There are no one bedrooms that have park views. All of the 3 bedrooms have parkviews, and most of these have not sold. Price ranges are below, and when compared to FKP's development at Albion, these prices look like bargains for what you are getting:

1 bedoom apartment 2 bedroom apartment 3 bedroom apartment
$399,000 - $439,000AUD $560,000 - $609,000AUD $735,000 - $789,000AUD

Friday, August 22, 2008

Water's Edge Sales Update

I have tried to ascertain how many Water's Edge apartments at West End have sold. From my calculation, between 30 and 35 have sold, out of about 220 apartments in total. That is not a huge number of pre-sales. Is West End overpriced for what it delivers today?

Friday, June 13, 2008

Parklands at Sherwood


Pradella's Parklands at Sherwood development, stages 1 and 2, are reported to be more than 50% sold, with settlement of Stage 1 planned for the end of this year.

Newsletter.


Saturday, May 10, 2008

Water's Edge at West End - Now Released

Pradella's Water End development (Stage 1) at West End has been released. Pricing is aggressive.

1 bedroom (Apartment Type G - 61 sqm internal). High floors will likely have river views.
Facing South/West - $475,000 to $625,000
Facing North - $495,000 to $695,000
Most of these sold out on the first day of pre-release.

2 bedrooms

Apartment Type L - 84 sqm internal
Facing North - $665,000 to $945,000
To get a river view, I think you need to pay at least $835,000 for this style apartment.
Plans below. Click on plan to enlarge. As you can see, one bedroom really has no windows.


Apartment Type C2 - 103 sqm internal
Facing North, and close to the river but not a direct river view
$1,055,000 to $1,295,000. Not all of these will have a river view.

Apartment Type D - 113 sqm internal
Facing North, and in the centre of the complex with a pool view and some higher floors will have a river view.
$1,095,000 to $1,320,000.

There are other 2 bedroom layouts, and facing different directions.

3 bedrooms

Apartment Type C1 - 115 sqm internal
3 Bedroom, 2 Bathroom (one bedroom does not have a window - see plan below)
Facing north, but not direct riverfront and some may be too low to have river views - $1,230,000 to $1,630,000


Direct riverfront 3 bedrooms - Types A1 and A2 (159 sqm internal), facing West
$1,945,000 to $2,245,000


Will Flow be Impacted by Waters Edge?


Flow, at West End, was developed by Pradella. Next door, Pradella is developing Waters Edge. It looks from this photo that Waters Edge will crowd out Flow and impact its views.

Friday, May 2, 2008

Water's Edge at West End - Release Date

According to an email from Colliers, Waters Edge at West End will be released for sale next week:

Prices from

· 1 bedroom from $495,000

· 2 bedroom from $575,000

· Large 2 bedroom from $815,000

· 3 bedroom from $1,085,000

· Large 3 bedroom from $1,945,000

Car parking

1 & 2 bedroom - one space
Large 2 bedroom, 3 bedroom - two spaces

Settlement - 2010

Saturday, March 29, 2008

New Apartment Prices in Brisbane

1. Trilogy Hotel Rooms (studios & two bedrooms)
  • levels 36 to 47
  • 16 apartments per floor
  • sold fully furnished with 2 year rent guarantee
  • hotel managed by Mirvac
  • sizes range from 53 sqm to 89 sqm
  • no balcony
  • 3 elevators
  • about half will have river views
  • most do not have car parking
  • completion about 2012

Average price per apartment on level 36: $639,000
Average price per square metre on level 36: $9,785

Average price per apartment on level 47: $695,000
Average price per square metre on level 47: $10,630

2. Empire Square (two and three bedrooms)

  • levels 47 to 60
  • 7 apartments per floor
  • sold unfurnished
  • hotel managed by Westin
  • sizes range from 117 sqm to 150 sqm
  • no balcony
  • 5 elevators plus service elevator
  • about half will have river views
  • 1 or 2 car parks per apartment
  • completion about 2012

Average price per apartment on level 47: $1,502,857
Average price per square metre on level 47: $11,336

3. Aurora Skyhome

  • levels 64 to 65
  • 5 apartments per floor
  • sold unfurnished
  • managed by Oaks
  • 2 and 3 bed apartments
  • four with river views
  • 2 car parks per apartment
  • completed in 2006
  • Last year, apartment 643 on level 64 was listed at $1,095,000. 2 bed, 2 bath, 2 cars, 102 sqm internal, 125 sqm total, $8,760 per sqm metre

4. Pinnacle Parklands

  • levels 4 to 12
  • 5 apartments per floor
  • range of sizes
  • No river views - views of Roma Street Parklands
  • completed 2007
  • Last year, a 3 bed/2 bath/media room/3 car park display apartment about level 5 was being sold furnished at $1,675,000. 184 sqm internal, 257 sqm total, $6,517 per sqm.

5. Tennyson Reach

  • five buildings, each around 10 floors
  • some floors have 8 apartments, some 2 apartments
  • range of sizes
  • almost all have river views
  • to be completed in about 2010
  • about 1 elevator per 3 apartments per floor

Examples

  • 2 bed, 2 bath, 111 sqm internal, 141 sqm total, 5th floor, $910,000 ($6,453 per sqm)
  • 3 bed, 2 bath, 192 sqm internal, 227 sqm total, 4th floor, $1,320,000 ($5,814 per sqm)
  • 3 bed, 2 bath, 189 sqm internal, 235 sqm total, 5th floor, $1,475,000 ($6,276 per sqm)

Water's Edge at West End

For a photo of the proposed development, see this Vox site.

Wednesday, March 19, 2008

104 Apartments for Bardon

First, there was Roma Street Parklands. Then Sherwood Parklands. My guess is that next, the Pradella Construction Group will launch Bardon Parklands. Pradella owns the Bardon Conference Centre.

"Brisbane City Council is assessing an application by the Pradella Group to rezone the 3.4ha site from a community purpose and conservation area for redevelopment. The proposal, lodged with the council in September 2006, features four three-storey buildings to house 104 apartments and 20 attached units, with 248 car parks."

See

http://mountcoot-tha.greens.org.au/media-centre/interviews/centre-rezone-ask-for-units

http://www.thebardoncentre.com.au/assets/bardon-map.pdf

http://www.pradella.com.au/web/pdf/news_2007_issue1.pdf

http://www.pradella.com.au/content/news/press_display.asp?id=141

Saturday, March 15, 2008

Bardon Parklands - 104 apartments planned

First, there was Roma Street Parklands. Then Sherwood Parklands. My guess is that next, the Pradella Construction Group will launch Bardon Parklands. Pradella owns the Bardon Conference Centre.

"Brisbane City Council is assessing an application by the Pradella Group to rezone the 3.4ha site from a community purpose and conservation area for redevelopment. The proposal, lodged with the council in September 2006, features four three-storey buildings to house 104 apartments and 20 attached units, with 248 car parks."

See

http://mountcoot-tha.greens.org.au/media-centre/interviews/centre-rezone-ask-for-units

http://www.thebardoncentre.com.au/assets/bardon-map.pdf

http://www.pradella.com.au/web/pdf/news_2007_issue1.pdf

http://www.pradella.com.au/content/news/press_display.asp?id=141

Saturday, September 22, 2007

Pradella's New West End Development

Soon, Flow will be complete. Next door, Pradella will launch a new West End riverside development. I suspect it will be worth considering.

It does not have a name, but it does have a website.

Pradella will have developed three West End riverside complexes:
  • Flow (to be completed in 2007) which looked extremely overpriced, but now just looks expensive; some apartments will be excellent (riverside on high floor) and some are not great
  • New and unnamed
  • LeftBank which is still looking very good
Stockland has Koko, which didn't live up to expectations.

And there is Riverpoint, currently selling off-the-plan, which looks very mixed.

I suspect there will be more to come.