For Sale» French Quarter Precinct [Devine]

[SoulVision]

Google Street View:
Margaret St:


Alice St:

Project Rundown

Status| For sale

Location| 140 Alice St

Developer| Devine

Height| Unknown

Price tag| unknown

Start Date| 2009

Completion Date| 2012

Project Site| Coming soon...

>>> Fast Forward to Latest Renders & Info! >>>

Originally Posted by justdigi

So I cropped the watermark out... :baeh3:

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Originally Posted by KJBrissy

Devine plans luxury tower in French Quarter precinct

BRISBANE is about to get its most expensive apartments, as local developer Devine prepares to launch a French-inspired project boasting units priced at up to $15 million.

The price tags will far exceed the $12.36 million being asked for apartments in a proposed Kangaroo Point development, Scott Street, unveiled earlier this year.

Property records reveal the highest price paid so far for a Brisbane apartment was the $7.37 million shelled out for the penthouse in Riparian Plaza, while several units at New Farm and another at Hamilton have all topped $5 million.

The yet-to-be-built Vision tower between Mary and Margaret streets has a two-level apartment that sold for $3.89 million.

Penthouses in Skyline, on Macrossan St, are expected to bring $5 million-plus.

Devine managing director, David Devine believes the Brisbane market is ready to accept apartments of this value.

The apartments will be part of a French Quarter precinct on sites Devine owns on the corner of Albert, Alice and Margaret streets in the city heart.

The first stage will feature a tower with a luxury six-star hotel, the apartments on top, retail and commercial space on the lower levels and Parisian-style cafes and walkways.

An international design competition for the building has been whittled down to a shortlist of three.

Devine marketing director Ken Woodley hopes a final decision will be made on the design early in the new year.

He said there would be 70 to 90 residential apartments above the hotel on the Alice St site. These would range from 300sq m to 800sq m and cost $2.5 million to $15 million.

Mr Devine said while there would be only one penthouse, luxurious sub-penthouses were expected to fetch $12 million to $15 million. Another international competition will be held to design the interiors of the apartments, which Mr Devine said would feature the highest quality finishes available.

The building will incorporate the latest in "technomenities" – the latest generation smart home technology.

This will include automated systems for lighting and climate, in-home entertainment and electronic concierge services.

Mr Woodley hopes work will start on the development in the second quarter of 2009, with completion in late 2012.

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Originally Posted by SoulVision

French Quarter Tower - 3

Use: Office
Height: 26 Floors (110.9m)
Application number: A002134406

















Elevations:











--- Not that bad for what should be the "smaller insignificant tower" (T3).

[KJBrissy]

The thing I don't get about this story is how they said that they'll wait till the height limits increase and then lodge an application. The height limits along the blocks bordered by Alice and Margaret Streets, even in the CBD Masterplan, were always going to have low limits.


That aside it sounds promising, although I don't know if I trust Devine with a 6 star resi tower?

[SoulVision]

Maybe they can somehow convince the BCC to accept the 6 star development in terms of quality, demand or some other crap they may well come up with.

But isn't the CBD masterplan allowing no height limit regarding that the developer makes sure the building has little impact of shadow on the Gardens and QSM?

This is the confusing part! More details please BCC!

The only vacant site i can see on Alice st is circled below...

[KJBrissy]

I think that's the one. The BCC is going to be allowing unlimited height limits in areas other than these blocks, around the QSM and in Heritage precincts.

[KJBrissy]

Make that $425M!!!

ASX Announcement


28 February 2007
Company Announcement – Continuous Disclosure re: Vision site,
Most recently Devine acquired a prime 2,067 square metre site on the corner of Alice and Albert Streets in Brisbane’s CBD which is earmarked for a prestige
residential development with an end value exceeding $425 million.