The project has an approved Planning Permit for three-storey apartment building compromising 29 dwellings above basement parking. The proposed strategy is to submit a Town Planning Amendment for a reduced yield of 19 apartments and a 1.5 level basement consisting of 3-bedroom apartments.
Key Actions for April
– Coordinate tree trimming and neighbour approval
– Coordinate asbestos testing certificate
– Install temporary fencing to front boundary
– Review and amend layouts as required by VCAT
– Submit plans for endorsement (pending VCAT decision)
– Finalise contract sum (pending VCAT decision)
– Execute construction contract (pending VCAT decision)
– Provide contract documents to QS for Financier Report
PLANNING
The consultant team have submitted a Town Planning appliation to the council. Currenly in review as some residents have objected to the development. The Project Managing team do not anticipate any significant changes to design.
CONSTRUCTION
Construction to commence in July 2022.
MARKETING & SALES
The team will ensure an appropriate sales campaign is undertaken to meet the market demand. Currently we have 4 executed contracts. One contract is subject to the purchaser being awarded as the Fire subcontractor for the project. The team anticipate that demolition will stimulate some buyer activity.
