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Development News
Major hotel projects in limbo
The future of Ritz-Carlton Melbourne, the W Sydney Hotel and Brisbane’s super-lux 443 Queen St apartment complex is now in limbo as work grinds to a halt following the collapse of construction giant Probuild.
Deloitte has been appointed as administrator to handle the fallout from the collapse which has impacted 18 major commercial and public-sector projects in development across the country - 13 projects in Victoria, three in New South Wales, one in Queensland and one in Western Australia.
Intended for opening later this year, the Ritz-Carlton Melbourne forms part of the huge West Side Place development at 250 Spencer Street. The first stage of the project includes two towers comprising 1376 apartments and 263 hotel rooms which, when finished, would see the Ritz-Carlton at 270m high in place, as the tallest hotel in the southern hemisphere. Also, on schedule for a Q3 2022 opening, the W Sydney Hotel forms part of The Ribbon, a $1 billion accommodation and entertainment complex to be opened in Darling Harbour. Features of the stalled property include 593 stylish guestrooms, suites and serviced apartments, an iconic pool deck, restaurant, two bars, a spa, a state-of-theart gym, and 925 square metres of event space incorporating a grand ballroom. The 443 Queen St project in Brisbane features 264 luxury residential apartments and was also expected to welcome residents later this year. In a statement, Probuild’s parent company WBHO has blamed the Australian government's "hardline approach" to managing the COVID-19 pandemic for the collapse, citing border restrictions, snap lockdowns and working from home regulations as detrimental factors. "The impact of lockdown restrictions on the retail, hotel and leisure and commercial office sectors of building markets have created high levels of business uncertainty in Australia and have significantly reduced demand and delayed the award of new projects in these key sectors of the construction industry," the statement read.
Kimpton Margot Hotel
Sydney’s newest hotel, the Kimpton Margot Hotel officially opened
Described by its designers as the place where heritage-listed Art Deco architecture meets modern Australian style, the new hotel is the first IHG Kimpton brand to be opened in Australia. It is located in the former Sydney Water Board building on Pitt Street in the CBD, and has been designed to evoke the spirit of the 1930's.
Kimpton Margot Hotel
La Vie Hotels & Resorts
Holiday Inn & Suites Bondi Junction
IHG Hotels & Resorts (IHG) in partnership with La Vie Hotels & Resorts, has announced plans to extensively refurbish its latest Sydney property. Currently operating as Holiday Inn & Suites Bondi Junction and previously operated as Quest Bondi Junction, the 82-room hotel will undergo an extensive refurbishment of its guest rooms, lobby and guest spaces, all of which will showcase the Holiday Inn brand’s innovative nextgeneration design and guest experience. La Vie Hotels & Resorts is currently on a significant expansion phase across Australia and Southeast Asia.
A Gold Coast round up…
Dorsett Gold Coast
Dorsett Gold Coast welcomed guests when it opened its doors at the end of last year. The Gold Coast’s newest upscale hotel boasts 313 vibrant hotel rooms set within The Star Gold Coast’s world-class entertainment and leisure precinct in Broadbeach. The hotel is Dorsett Hospitality International's first Australian hotel, and part of the $400 million project undertaken by The Star Entertainment Group and its consortium partners. The arrival of Dorsett Gold Coast is a sign that the international tourism market is confident in Australia’s tourism market, with
Dorsett Gold Coast
the $400 million development funded by The Star Entertainment Group and its consortium partners from Hong Kong, Chow Tai Fook Enterprises and Far East Consortium. Newbuild Dorsett Hotels are currently under construction in Brisbane, Melbourne and Perth, set to open in the coming years.
Dorsett Gold Coast
Victoria & Albert
Sydney-based Iris Capital has entered the Gold Coast development market with this $800-million, residential two-tower project at Broadbeach. The property will comprise a mix of one, two and threebedroom apartments on the lower levels, while the upper residences will offer a mix of three-bedroom apartments, sub-penthouses and penthouses. Royale Devine Development Group is set to deliver on their $340million Gold Coast beachfront luxury residential apartment building. Royale Gold Coast will sit on a north-east facing corner block at Northcliffe Terrace and will offer 108 luxury two, three and four-bedroom beachfront apartments, Sky Homes and Penthouses across 38 levels, with five-star amenities. The estimated completion is 2024. Luxe Broadbeach
The $160 million 33-storey tower will include 28 apartments with unobstructed park, beach and ocean views. Residents’ amenities will include a 25m heated lap pool, infinity pool, residents’ lounge, sauna, barbecue area, gymnasium and ocean views. La Pelago A $1.75-billion mixed-use development at Budds Beach, has been approved. The four-tower project of 900 residential apartments and 200 guest rooms will be built at 112 Ferny Avenue. The Esplanade Apartment mogul Harry Triguboff purchased a site on The Esplanade to construct two 55-storey towers containing some 700 apartments. Estimated completion is 2024. The Meriton Apartments founder filed plans with the Gold Coast City Council to build a 70-storey tower comprising 382 apartments and a 50-storey tower with 255 apartments. Tower one will offer 45 one-bedroom, 218 two-bedroom, 93 three-bedroom and 26 fourbedroom apartments. Tower two will offer 45 one-bedroom, 99 two-bedroom, 88 threebedroom and 23 four-bedroom apartments. Pacific One
Melbourne developer Central Equity’s $500-million 56-storey luxury Gold Coast apartment tower is due for completion in 2024, positioned in Garfield Terrace, Northcliffe.
Brisbane news
Queen’s Wharf Brisbane is set to deliver the ultimate big event atmosphere when a transformational $3.6 billion project opens in late 2022. The QWB Sports Bar promises to be the city’s premier venue to celebrate the most significant sporting showdowns from around the globe. Situated close to a suite of dining, gaming and entertainment options, the QWB Sports Bar will provide thrilling live sport experiences within the Queen’s Wharf casino, two floors above street level.
“What we are building at Queen’s Wharf is a world-class entertainment precinct in the middle of a CBD with a huge and important heritage and public space component,” said Destination Brisbane Consortium (DBC) Project Director Simon Crooks. “When the Consortium was designing the precinct there was a concerted effort to lift the gaming areas above street level to allow people ready access to the public spaces, and retail and food and beverage offerings.”
