Changes for Arena project
Stronarch Property has applied to scrap the hotel component of the Arena project at Newcastle Beach and replace it with additional apartments.
The development was initially approved as a $100 million project with 150 apartments plus a 4 star, seven storey hotel housing 100 rooms, a restaurant, bar and function centre. The proposal now includes 220 apartments.
The developer changed their tack as they believe the hotel market is already well served in Newcastle.
The apartments however have attracted a great deal of interest, with Stage 1 almost sold out and Stage 2 experiencing strong demand.
The amendments are before the Hunter's joint regional planning panel (JRPP).
Other Articles from this issue
The changing technological landscape: Cloud technology
In only a few years, cloud technology has altered the IT landscape and changed the way both large enterprises and small ...
The top six misconceptions of chiropractic
There are a number of misconceptions out there when it comes to the chiropractic profession and the role of chiropractic...
Awards for CVG Finance
The Mortgage & Finance Association of Australia (MFAA) hosted their annual National Excellence Awards ceremony in Melbou...
