288 Albert – July 2017 Update

Please find below an update from the developer for 288 Albert St, Brunswick:


Construction Progress = 63%

Construction & Development:

  • Construction is approximately 63% complete as of the end of July.
  • The first prototype apartment is nearly complete. We will endeavour to provide pictures in next month’s update.
  • The first crane tower is scheduled to be dismantled in the third week of August, with the second crane to follow at the start of September.
  • The solid aluminium cladding for the exterior of the building has also been sourced locally in support of local (Melbourne) businesses.
  • The glazing is now almost fully installed up to level 4, with installation of levels 5 – 6 underway currently.
  • Interior fit out is well underway for level 1 and this includes: walls, joinery, flooring, tiling etc.
  • Construction completion is still expected at either the very end of 2017 or the start of 2018, with settlement to follow early 2018.

Marketing:

  • 288 Albert has reached the final stage of selling with limited residential apartment investment opportunities available.
  • The Albert Street display suite is open for inspections and appointments from 10.00am till 5.00pm 7 days a week. Please contact Anthony Wong from Eview Group for any bookings:
  • There are also limited Ground floor commercial spaces available for lease and sale. All investment opportunities can be discussed with Raff De Luise from ICR Property Group:
  • For ongoing updates, please follow CBD Development Group on:

Finance:

  • If your deposit was paid by bank guarantee in lieu of cash deposit, at settlement you will be expected to pay the full purchase price and the original bank guarantee will be returned to you. Should you prefer to exchange the bank guarantee for a cash deposit, please contact our legal representatives.
  • In order to ensure a smooth settlement process, we suggest that purchasers start making enquiries for settlement finance well in advance. If you are having difficulty obtaining finance, please contact us, your legal representative, or your agent for assistance.
  • The developer intends to offer early valuation inspections for finance purposes in late 2017 in the lower levels. We will provide further details in future updates.

 Legal:

  • With construction completion and settlement approaching, we recommend that you appoint a conveyancer or legal representative now, if you have not already done so.
  • Please provide any updated contact details and details of your legal representatives to our solicitors, P&B Law.
  • Please direct all future legal correspondence to P&B Law’s office:

 

                        Katie Hinds
Property Clerk – P&B Law
P: 03 9692 9888
E: k.hinds@pblawyers.com.au
Level 6 (East), 608 St Kilda Road, Melbourne VIC 3004
DX 34141 Windsor

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Brunswick Heart/288 Albert – July 2017 Update

The construction progress of 288 Albert is progressing incredibly well, with L.U. Simon Builders having completed approximately 55% of the total build.

The buildings concrete structure has topped its maximum height of 14 floors, making 288 Albert the tallest building in Brunswick. The two tower cranes will be dismantled within 6-8 weeks, signifying the accomplishment of a huge milestone for the project team.

Currently the windows and interior joinery are being installed across the first 3 levels, with the remaining levels to follow. The building joinery and glazing have been sourced locally in support of Australian businesses.

The developer has advised that construction completion is on track for late 2017, with settlement anticipated in early 2018.

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Brunswick Heart/288 Albert – April 2017 Update

We are happy to announce the development is currently at level 4-5 for precast installation and is progressing nicely. Completion expected to be Early 2018.

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Brunswick Heart/288 Albert – December 2016 Update

We wish to advise that the basement and excavation works at 288 Albert have been completed. The basement 1 slab was also poured and we are currently working on the ground floor slab.

The project is currently expected to be completed in early 2018.

From the team at Castran Gilbert, we hope you have a Happy Holiday!

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Brunswick Heart – November 2016 Update

CBD Development Group were excited to celebrate the construction commencement ceremony of 288 Albert, and to announce L.U. Simon as the project builders. With the piling process already under way, the estimated construction completion date is early 2019.

To mark the occasion and to extend support to the Brunswick community, CBD Development Group’s Director Mr. Chen Guo Jing presented donations to the following local organizations:
1. CERES Community Environment Park – ceres.org.au
2. Northern Support Services – nss.org.au

The 288 Albert display suite can be accessed at 282 Albert Street, Brunswick from 10am till 6pm Monday to Sunday.

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Brunswick Heart – August 2016 Update

The Developer has announced that L.U Simon have been appointed as the Builder of Brunswick Heart. They are commencing their site preparation works; Piling will commence once the site mobilisation is complete.

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Brunswick Heart – June 2016 Update

Negotiations with the Developers preferred Builder is ongoing, early piling works are planned to commence imminently.

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Brunswick Heart – April 2016 Update

Excavation works at Brunswick Heart have commenced with guidance of the EPA auditors to remove undesirable soils.

Building finalists have been selected and the final negotiations are taking place.

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Brunswick Heart – February 2016 Update

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Brunswick Heart – October 2015 Update

Demolition has commenced with building works expected to commence in December 2015.

Completion aiming for approximately early 2017.

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