Central injects life
Kensington Tower gets the council green light
HONEYCOMBES Property Group appears poised to add a nine-level tower to Townsville’s foremost inner-city rejuvenation project, the multistage $ 400 million Central.
The tower, Kensington, was approved by Townsville City Council’s planning and economic development committee yesterday, an indication it will likely garner strong support when it comes before full council for final approval.
The $ 17 million Kensington will occupy a 1859sq m site in front of Holborn facing Flinders St and will have 44 oneand two-bedroom units above ground-level parking. Amenities will include a pool, gymnasium and other recreation facilities which will share the first level with terrace apartments.
It is the fourth building to be developed on the 6.5ha Central site on Flinders St West, which abuts Ross Creek and formerly housed Queensland Rail facilities.
Honey combes principal Peter Honeycombe has said he expects to launch the tower to the market within weeks and for construction to start mid-year.
The council committee decision comes just weeks after settlement of purchases inCentral’s second stage , Holborn, a $ 44 million partfive-level, part-nine - level building with 78 apartments and recreational facilities
MARKET LEADER: Peter Honeycombe and Lachlan Bell look over the Flinders Central site above ground level commercial and retail space.
Almost all apartments have sold in Holborn , which occupies a 6375sq m site overlooking Ross Creek.
Central’s $ 50 million first stage comprises one nine- level and two four-level buildings sharing 95 apartments, and a three-storey retail and office building fronting Flinders St with 3600sq m of floorspace that was sold to Sydney-based Valad. Deputy Mayor David Crisafulli said after the committee meeting the Kensington project excited him to the core.
‘‘ It is fantastic that, in a market where developers across Australia are struggling to sell apartments, a Townsville-based developer has a product so right it is racing out the door,’’ he said.
‘ ‘ Kensingt o n wil l bring more people to the central business district and has the potential to recharge the existing recreational venues on Flinders St West helping to transform the area.’’