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
HVTC Skills Centre providing specialised training for power industry apprentices
HVTC Skills Centre welcomed 27 new power generation and mining industry apprentices as they began their careers at the c...
Do you know how valuable intellectual property is for your business?
Intellectual property (IP) is an extremely valuable asset and one that is at the core of almost every business.
Coal exports set all-time record in 2017
The latest trade data from the Australian Bureau of Statistics indicates the strength of coal exports in 2017 which were...