Tuesday, 11 October 2011

Kings Cross more than 200 apartments approved.

RESTAURANTS keep popping up on Baywater Rd and with more than 200 residential apartments on the way, the Kings Cross street is set for a major facelift.

The Toga Group has turned the old Hampton Court Hotel
The Hampton, 15 Bayswater Road, Potts Point
into residential apartments with a restaurant and wine bar to open on the bottom floor. It only took 48 hours for the apartments to sell off the plan.




Toga has also taken over the Mansions building across the road with 45 residential apartments planned and a major upgrade to the pub.
THE Mansions hotel, in Sydney's inner-city Kings Cross, has sold to developer Toga Group for $16.75 million.

The property, which currently trades as a pub, is expected to be converted into an apartment complex. Toga purchased the site on terms subject to this redevelopment being approved. The Mansions soars five levels. It was one of the last controlled by the Landmark Leisure Group which went into receivership in 2009.

Other sites owned by LLG included the Vegas Hotel, which like The Mansions is also in Kings Cross. Other assets include Darlingsford's Oxford Hotel and the peakhurst Inn.

The Mansions sits on an 888 square metre block at the corner of Bayswater Road and Kellett Street.

Toga's other assets include the Vibe Medina, and Travelodge brands.
It's also planning to redevelop the former Hakoah Club at Bondi Beach.

BONDI'S landmark Hakoah Club will be demolished and replaced with 113 serviced apartments, 45 residential units and a shopping centre under plans approved by the NSW government.

Despite vigorous opposition from local groups and complaints from Waverley Council, the government's Planning Assessment Commission approved the proposal from a large political donor, Toga Group, with some minor amendments aimed at reducing its ''height, bulk and scale''.

The Waverley mayor, Sally Betts, said she found out only ''by accident'' that the project had been given the green light after council staff found the approval on the internet. ''The most incredible thing is they have not told us yet … which I find quite appalling.''
 
 
 
 
Above an artist's impression of the project planned for the Hakoah Club site in Bondi. 
State government approval ... an artist's impression of the project planned for the Hakoah Club site in Bondi.  BONDI'S landmark Hakoah Club will be demolished and replaced with 113 serviced apartments, 45 residential units and a shopping centre under plans approved by the NSW government.

Despite vigorous opposition from local groups and complaints from Waverley Council, the government's Planning Assessment Commission approved the proposal from a large political donor, Toga Group, with some minor amendments aimed at reducing its ''height, bulk and scale''. 

The Waverley mayor, Sally Betts, said she found out only ''by accident'' that the project had been given the green light after council staff found the approval on the internet. ''The most incredible thing is they have not told us yet … which I find quite appalling.''

The development was considered a project of state significance, but was then referred to the independent Planning Assessment Commission for determination because Toga Group is a big political donor, giving $219,000 to the Labor Party and $207,000 to the Liberal Party from 2003 to 2009.  Cr Betts said the commission disregarded council concerns. ''I think it's most unfortunate they did not take our concerns into consideration.

There's a very big view loss to … properties to the west of [the] Club, the long views of Ben Buckler.''  But the commission agreed with the Department of Planning's assessment which found the ''height, bulk and scale'' was acceptable within the context and the project was in keeping with the government's state plan. 

With an estimated cost of $89 million, the project will be constructed on the old Hakoah Club site and several neighbouring properties that have been added to it. The commission said the project would create 198 jobs, 115 of which would be in tourism. 

A campaigner against the project, Chris Maltby, said it was too big. He said it would not be allowed under council rules but the developer was able to use the club's ''non-conforming'' building envelope to maximise the size. ''Once you have a non-conforming building the non-conformance is preserved forever.'' 
Source: http://www.smh.com.au/national/bondis-incredible-bulk-project-angers-council-



Read more: http://www.smh.com.au/national/bondis-incredible-bulk-project-angers-council-20100905-14w4s.html#ixzz1aFN9ZuRt





Toga is ultimately controlled by BRW Rich Listers Charlotte and Ervin Vidor, who are reportedly worth some $483 million. The company's managing director is the Vidor couple's son, Allan. Toga controls more than 50 hotels in Australia and Europe.