Approved The westin Brisbane|68 floors|240m|2012
 

This tower will start construction in Mid september 2009. It shoudl be finished by by late 2012. Rising 240m high above brisbane's skyline the tower will be brisbane 3-4 tallest once completed yet other skyscrapers will still overtake it in the near future to the brisbane boom.
http://www.cotteeparker.com.au/porta...04_cam01_a.jpg

http://www.metacapdevelopments.com/i...empireMain.jpg

http://www.ernstbcm.com.au/newdesign...e%20Square.jpg

Project CANCELLED
 

This project has been cancelled. Some of the facts around the demise of this beautiful tower:

• they never at any time did they have finance in place. The article suggests that they did and that it was withdrawn.
• they did not have that many pre-sales - only 20 or so. The 80% sold figure is reference to Expressions of Interest prior to official release (normally many of these are from tyre kickers).
• The Residential Unit pre-sales alone would have never secured them finance. They also needed the office sale.
• They had very poor interest in their commercial component. They where only 2 parties that even considered it. It is a very poor office product compared to the others in the 'planned' projects.
• Westin was not the purchaser of the Hotel, only the Manager. The hotel component was unsold and would have been retainined by the Developer.
• They almost had a construction contract in place with Hutchinson Builders, and this a part of the puzzle was sorted.
• The Site has unoffically been on the market for about a month now. Meriton very nearly bought the site but lost out to APG.

http://farm4.static.flickr.com/3169/...ea595b35_o.jpg

Ah Hell that sucks bigtime.

better cancel now than having the tower half finished midway - i think everybody's feeling the credit crunch!?

Oh for sure.

Replacement Project Cancelled
 

Well, since the last post APG progressed their design to this:

http://farm3.static.flickr.com/2518/...bf7c39bdf3.jpg http://farm3.static.flickr.com/2544/...a57794a7_o.jpg

but now it seems that APG have pulled out. The site now remains as it always way. Alas.