Comprising of 28 three bedroom apartments, 4 penthouse suites and 4 ground floor commercial tenancies this 10 storey development was the first high rise building for the Shire of Rockingham.
Located on a prime waterfront LAND PARCEL Also called, 'Lot' ... with uninterrupted ocean views the developers were eager to squeeze every inch out of the site. Extensive consultation with local authority planners and building surveyors over a 12 month period afforded the developers density bonuses while still meeting their regulatory obligations.
Unfortunately, the tight budget limited the number of apartments that could be built and consequently the potential ROI The amount of cash... was not very promising. A different tact was needed to attract higher valuations.
The approach was to increase the size of the apartments and increase the level of quality finishes and fixtures rather provide more apartments with a lower level of finish. Monies were able to be allocated for this approach by keeping the project budget in check by design.
Limiting the building height to 25M allowed the performance based fire solution to avoid expensive smoke extraction mechanisms.
State of the art Storm water system
Adopting modern onsite storm water storage and dispersal systems reduced the impact on aging municipal infrastructure, avoiding extensive headwork upgrades.
Incorporating municipal waste collection logistics within the building reduced the impact on the street frontage allowing larger commercial tenancies to be developed.
State of the art mechanical system
Utilising state of the art air conditioning technologies with very long condensate line capabilities allowed plant rooms to be located on the roof, increasing individual apartment sizes while still maintaining environmental noise control requirements.
All of the apartments sold within 2 months of completion at above market values.