Green Light on The Lane

The $325 million mixed-use fusion of 184 luxury apartments, a five-star hotel and high-end retail was expected to deliver a new type of lifestyle in Brisbane’s CBD.

The Mary Lane development at 111 Mary St was given the green light by the Brisbane City Council within four months of a revised development plan being filed in June, with construction set to begin early next year.

The project’s most prominent back, Queensland rich-lister Sam Chong, was said to be worth $387 million last year.  Mr Chong’s fortune was made after founding the Jellinbah mine in Bowen Basin in the late 1980’s with businessman Ken Talbot and Jim Gorman.  He also owns the Felicity Hotel Group, which developed the site of the Four Points by Sheraton – also on Mary St.

Mary Lane development manager, Ian Pert of GMP Management, said the property would consist of 38 levels, including a 286-room hotel.

“A lot of things council wanted to see we incorporated into the design.  We were on the same page.  We wanted to see activation of the laneway and the streetway.  We wanted the food and beverage and laneway to create a destination atmosphere.  You want it to be a real hub and also a happening place,” he said.

The Park Royal in Singapore and St Regis in San Franciso provided inspiration for the development, he said, but it was also “a nod to Melbourne’s famed laneways”.

“As cities mature that’s where people will want to be – the inner city – because they will want that convenience and level of service that you get there.”

Colliers International director residential Andrew Roubicek, who is marketing the project, said the apartments were designed to appeal to the owner-occupier end of the market with the two-bedroom apartment larger than what was in the Brisbane market generally.  ” there is a significant appetite for apartments from empty-nesters, students and professional,” he said.

Among key features was the option on some apartments for exclusive use of storage units on 5-10sq m on the same floor.

Asked to comment on oversupply concerns raised by commentators in the past two weeks, Mr Roubicek said “Brisbane is not one market”.

“There are five markets in Brisbane – north, south, east, west and CBD.  Right now there is no CBD project for sale other than Brisbane Skytower, which is a totally different offering of over 1000 apartments, whereas there are less than 200 apartments in Mary Lane. It’s a very unique and smaller offering than Skytower and for me that’s a good thing. . . Our location, design, inclusions, there’s nothing else for sale in Brisbane CBD at all like it.”

Mary Land will have one, two and three-bedroom apartments, with prices ranging $460,000 to $2 million+.  Features include a level-37 recreation deck with resort-style pool, gym, barbecue and function area.  There would also be a day spa, lobby bar and restaurant.

Key Points:

Project:  Mary Lane
Location:
 111 Mary Street, Brisbane CBD
Value:  $325million
Developer: Mary 111 Pty Ltd
Design:  Woods Bagot
Marketer:  Colliers International

Details:

Mixed Use: 286 room 5-star hotel, 184 executive residences, restaurants and bars
Residential Offering:  1, 2 and 3-bedroom apartments, on-floor storage, rooftop pool, BBQ area and gymnasium.
Apartment Price:  From $460,000 to $2m+

 

24 October 2015, Courier Mail Brisbane

Millionaire Sam Chong to build another five-star hotel in Brisbane

Mining and property millionaire Sam Chong continues to stamp his mark on the Brisbane hotel scene, revealing plans for a $325-million, five-star international hotel in Mary Lane.

The eponymous Mary Lane hotel will feature 286 hotel rooms and 184 luxury apartments, as well as a fine-dining precinct, and is expected to be completed in 2018.

Mr Chong and his development management team GMP Management plan to use the project to open and activate Mary Lane.

“We will turn the hotel inside out. It won’t be one of those big-entry hotels where you would go only if you have money,” GMP Management development manager Ian Pert said.

“We want to open eclectic restaurants and bars in the laneway … We don’t want it to be too corporate.

“The combination of a five-star hotel, luxury residences and dining precinct is popular in cities such as Singapore, Hong Kong and New York but until now has not been seen in Australia on this scale.”

The apartments and hotel will be on separate  levels, with the apartments sitting atop the five-star hotel.

The rooftop, which will have an infinity pool and barbecue areas, will be used only by apartment residents. One- to three-bedroom apartments will start from $500,000 to $1.8 million. Four penthouses will also be on offer.

Woods Bagot will design the property, which will be marketed by Colliers International.

Mr Chong’s company, Mary 111 Pty Ltd, will own the  property, including the 400-square-metre food and beverage retail spaces, which will be leased. .

Brisbane-based Mr Chong also owns the neighbouring five-star Four Points by Sheraton Brisbane through his other company, Felicity Hotels Group.

His son Paul runs the hotel.

Malaysian-born Mr Chong, 70, who arrived in Australia in the late 1960s to study, accumulated his wealth in mining. He worked in Tasmania and Christmas Island before landing at Queensland Coal Mine Management, now Jellinbah Group.

Now he owns a quarter of the company, which runs two operating coal mines in central Queensland’s Bowen Basin.

Mr Chong’s wealth has slipped as commodity prices have fallen but is still on the BRW 200 Rich List, with $382 million.

By Su-Lin Tan, Financial Review

Brisbane Poised for Luxury Hotel Living

 

BRISBANE City Council has given the green light to a $325 million luxury five-star hotel and apartment tower which will see the renaissance of a landmark site in the heart of the CBD.

Developer Mary 111 Pty Ltd, associated with local businessman Sam Chong, will fuse a five-star international hotel with executive residences in a format popular around the world but not seen before in Brisbane.

The concept has already proved successful on the Gold Coast where Brookfield Multiplex developed the $700 million Hilton Surfers Paradise Hotel and Residences, which comprises 169 hotel rooms and 224 luxury apartments.

The approval granted to Mary Lane in Brisbane is for 286 hotel rooms and 167 residences, although the developer has since lodged an amendment which will retain the current building form but bring the number of residences to 184.

The developer will retain control of the building’s 400sqm retail element which will include a café, restaurants and bar.

Development manager Ian Pert, of GMP Management, describes Mary Lane as a unique offering in the Australian market that combines an executive residential offering atop a five-star hotel.

“The combination of a five-star hotel, luxury residences and dining precinct is popular in cities such as Singapore, Hong Kong and New York but until now has not been seen in Australia on this scale,” he said.

“There is no peer in Australia for a project of this type and it’s going to add a new dimension to the living experience in Brisbane’s CBD.

“The desigBn of the building takes its cues from cosmopolitan cities around the world.”

Pert says a large part of the design brief involved activating the frontage to Mary Street to attract people and create a destination in its own right.

Construction of the tower is set to begin in early 2016 and an agreement with an international hotel operator is in its final stages.

Chong, who is based in Brisbane, also owns the neighbouring Four Points by Sheraton and has significant interests in the resources and property sectors.

The project has been designed by Woods Bagot and residences will be marketed by Colliers International.

Mary Lane will comprise a mix of one, two and three-bedroom residences as well as a limited number of penthouses.

Written 15th October 2015 Business News Australia

$325m 5Star Hotel on Mary St Brisbane

Brisbane City Council has given the green light to a $325 million luxury five-star hotel and apartment tower which will see the renaissance of a landmark site in the heart of the CBD.

Developer Mary 111 Pty Ltd, associated with local businessman Sam Chong, will fuse a five-star international hotel with executive residences in a format popular around the world but not seen before in Brisbane. The approval is for 286 hotel rooms and 167 residences, however the developer has since lodged an amendment which will retain the current building form but bring the number of residences to 184. The developer will retain control of the building’s 400sqm retail element which will include a café, restaurants and bar. Development manager Ian Pert, of GMP Management, said Mary Lane was a unique offering in the Australian market by incorporating an executive residential offering atop a five-star hotel.

150929 - 111 Mary Street - Tower - 2000“The combination of a five-star hotel, luxury residences and dining precinct is popular in cities such as Singapore, Hong Kong and New York but until now has not been seen in Australia on this scale,” he said. “There is no peer in Australia for a project of this type and it’s going to add a new dimension to the living experience in Brisbane’s CBD. “The design of the building takes its cues from cosmopolitan cities around the world.” Mr Pert said a large part of the design brief was activating the frontage to Mary Street to attract people and create a destination in its own right. Construction of the tower is set to begin in early 2016 and an agreement with an international hotel operator is in its final stages. Mr Chong, who is based in Brisbane, also owns the neighbouring Four Points by Sheraton and has significant interests in the resources and property sectors. The project has been designed by Woods Bagot and residences will be marketed by Colliers International.

 

Mary Lane will comprise a mix of one-, two- and three- bedroom residences as well as a limited number of penthouses. The design incorporates separate facilities for residents and guests. Resident facilities include a level 37 roof top recreation deck with pool, gymnasium, BBQ and function areas. The hotel element includes four podium levels with a large, resort-style pool with swim up bar, gymnasium, day spa, function space, lobby bar and restaurant.

15th October 2015 | Category: Hotel, New Developments, News, QLD, Residential, Top Stories | Staff Writer

$10m to be spent on new surf club for Kurrawa

A NEW $10 million modern Kurrawa Surf Life Saving Club is to be built at Broadbeach within three years.

The 52-year-old club this week submitted a development application to the Gold Coast City Council for its plans, which include the demolition of the existing building.

A new clubhouse, expected to cost between $8 million and $10 million will be built on land just south of the existing club.

30-storey highrise planned for GC’s Chevron Island

CHEVRON Island looks set to reach new heights with a 30-level serving of “blissful’’ apartment living.

A purpose-formed development company has unveiled plans for a tower – Bliss on Chevron – to front Thomas Drive, the suburb’s main thoroughfare, and Darrambal St .

Bliss will have 228 apartments and include a cafe and resident-friendly features such as a drying and storage room on each floor for surfboards and bicycles.