The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
13
print
Print
OtherDinah Lewis BoucherTue 13 Nov 18

Franze Moves Ahead with Geelong Hotel, Apartment Project

c7dab326-9d87-41c5-928d-0386b7455257

Melbourne-developer Franze Development’s $150 million mixed-use precinct, set to include the region’s largest and first new hotel in almost 20 years, has launched to market.

Designed by Architectus, Geelong Quarter will comprise the $75 million Holiday Inn, and a residential component of 14 luxury apartments targeting the owner-occupier market.

The precinct, which aims to be an active hub for 1,500 residents, workers and visitors, will also offer 1000sq m of retail plaza and 7,400sq m of commercial office space.

The developer purchased the 2,700sq m site, at 44 Ryrie Street, in an off-market deal for $7 million last year.

Franze Developments founder Paul Franze says the precinct will create a new link between the CBD, the arts precinct and the bay in the growing regional city.

“There’s nothing like this in Geelong – it is our vision that this project will help to drive the city forward.”

Related: Geelong Office Towers Sell for $40 Million

The 180-room hotel, which will feature a sky lobby, pool, gym, restaurant, is scheduled to open in mid to late 2020.Supplied


The last hotel to open in Geelong was the Four Points Sheraton Geelong in 2001.

Victoria’s second largest city receives more than 5.3 million annual visitors, with 2.2 million overnight stays, Franze said.

“The strong owner-occupier market, combined with the population boom, means there’s demand to cater for visitors to the city, as well as residents and workers.”

The former industrial city has undergone transformation in recent years, becoming one of Australia’s fastest growing regional cities thanks to its solid economy, growing population, and new infrastructure projects.

Other recent Geelong based projects include the $120 million commercial tower at 1 Malop Street, Geelong’s tallest tower, and the $128 million Geelong Performing Arts Centre.

As Victoria heads towards a state election next week, Premier Daniel Andrews announced the $102 million redevelopment of Kardinia Park, one of Australia’s largest regional stadiums.

Geelong Quarter will feature a number of retail tenancies located on the ground level facing both Ryrie Street and Fenwick Street.

The 7,400sq m of office space will span 10 levels and be home to around 600 office workers when fully occupied.

Its residential component will be located on levels 11 to 14, and range in size from 98- to 184 square metres.

Construction is scheduled to commence in late 2018, with completion expected by mid- 2020.

HotelRetailResidentialAustraliaMelbourneSector
AUTHOR
Dinah Lewis Boucher
More articles by this author
ADVERTISEMENT
TOP STORIES
One New Zealand Stadium BESIX Watpac
Exclusive

Rising to a Challenge: How BESIX Watpac Topped Australia’s Builders

Clare Burnett
7 Min
Exclusive

Rewards Outstrip Risk in SE Queensland Off-The-Plan Buys

Taryn Paris
7 Min
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
Exclusive

Sydney’s Fear of Heights Holding Back Housing

Vanessa Croll
6 Min
North Melbourne Craigieburn HB Land EDM
Exclusive

Tribunal Finding Cruels 1000-Home Melbourne Plan

Clare Burnett
5 Min
View All >
Sponsored

Largest Developable Site at Narrabeen Hits Market

Partner Content
Aeon Residence Chatswood EDM
Residential

Shadows Lift as ‘Nightmare’ Chatswood Site Recast

Vanessa Croll
Aliria Cotswold Rise site HERO
Retirement & Aged Care

Aliria Greenlit for Toowoomba Over-50s Townhouses

Leon Della Bosca
The projects valued at $362 million will rise on sites near the regional centre in Queensland’s Darling Downs to meet gr…
LATEST
Development

Largest Developable Site at Narrabeen Hits Market

Partner Content
3 Min
Aeon Residence Chatswood EDM
Residential

Shadows Lift as ‘Nightmare’ Chatswood Site Recast

Vanessa Croll
4 Min
Aliria Cotswold Rise site HERO
Retirement & Aged Care

Aliria Greenlit for Toowoomba Over-50s Townhouses

Leon Della Bosca
3 Min
Blackburne Plans $70m Swan River Tower in south perth
Residential

Blackburne Reveals $70m Plan for Blue-Ribbon South Perth

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/development-launches-in-geelong-quarter