Townsville stadium prompts boutique apartments, office space

first_imgDeputy Mayor Les Walker, developer Paul Spina and Colliers agent Paul Bow at unit site on Palmer Street, Sth Townsville.The development, opposite the Maritime Museum, will comprise a seven-level building with nine high-end apartments and three ground floor office and cafe outlets. Two more stages of similar size will follow in what is being pitched as “lifestyle central”.Deputy Mayor Les Walker said Vantage on Palmer was the first in what was hoped to be one of many projects brought on by the stadium.“Vantage on Palmer will help to further activate Palmer St, the zone around the Priority Development Area and foster more connectivity with the southern end of Palmer St,” Cr Walker said.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“We envisaged that the stadium would attract significant investment in residential and commercial activities much like The Strand was able to do when it was developed. It is great to see that PDS Qld is moving forward to be the first with plans to develop on what has been dead space for too many years and to provide additional activation in Palmer St.”Mr Spina said he was encouraged by the investment being made into public infrastructure as well as the area’s potential to be a lifestyle hub.“There’s a lot of confidence returning to the market because of the spending by governments into the stadium and the public improvements being made around Palmer St and along Ross Creek,” he said.“This is also a great site with wonderful views in a fantastic street in a great town.”Colliers International residential agent Paul Bow expected good demand for apartments at Vantage on Palmer when they were launched to the market soon.“The location of Vantage on Palmer is perfect for people who want easy access to all the amenity around the CBD, Strand and of course, the associated infrastructure the new stadium will bring,” he said. “The apartments are designed to provide incredible views across the marina and city.”Colliers International commercial agent Neville Smith said the office spaces, from 80sq m to 200sq m, would be marketed to professionals who might also acquire an apartment as a dwelling.“You just cannot buy anything like this in the sub-$500,000 price range brand new,” Mr Smith said.PDS Qld hopes to begin development on the first stage in September for an August 2018 completion and for the following two stages to be complete before the opening of the new stadium in 2020.The project will be launched to the market early next month. An artist’s impression of stage one of Vantage on Palmer, a $10 million residential and commercial development by local developer PDS QLD.THE first project triggered by the $250 million Townsville stadium has been approved by Townsville City Council.Paul Spina of Townsville-based PDS Qld will develop stage one of Vantage on Palmer, a $10 million residential and commercial development, on vacant land in Palmer St.last_img

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