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The DOMA Group will fine-tune the design of the tallest building in Newcastle as apartment prices rise.Newcastle Herald

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The DOMA Group is ready to submit a development application for the tallest apartment in the city on the Newcastle West store site. Gavin Edgar, general manager of DOMA development, said a company representative met last week with a design advisory group in the city of Newcastle to discuss the project. “It’s imminent. We modified and refined the design and presented it to the Council’s Civic Design Advisory Group,” Edgar said. “We have completed the report and are ready to submit it to the city of Newcastle shortly.” Two years ago, DOMA had two 99-meter towers, 12 stories, accommodating up to 350 apartments. Has won concept approval for five-story parking lots for office buildings, bus interchanges, and store sites. The apartment and surrounding landscaping is the only section of redevelopment that has not yet been built. The company’s decision to promote two-tower development applications shows confidence in the city’s apartment market. Newcastle Herald reported last week that apartment prices in Newcastle have risen 11.2 percent over the past year to reach a new median of $ 566,000. Fellow developer Thirdi Group is working on a 90-meter apartment plan on the Dairy Farmers Corner site near Hunter Street. DOMA has begun work on the 9-story Crossing Apartment Complex on Meleweather Street in Newcastle and the 7-story Huntington Apartment on the Honeysuckle Waterfront. The owner of the Cambridge Hotel, opposite the store, is negotiating with a developer who wants to build an apartment tower on the pub site. “We are confident about it and we are pushing it forward,” Edgar said of the store project. “Because it can be staged, it can be done as two towers together or separately.” Encouraged by the movement of people from the big cities. This is a positive move and there is not really much supply at this time. “Novocastrians are very depressed about themselves, but from an outsider’s point of view, it has a lot of appeal. I think more people now appreciate it. “Although the appearance of the tower in the apartment is different from the original design, the height of the store building matches the concept master plan,” Edgar said. “I think it’s a great design. I want to show it to everyone at the right time.” The store and Daily Farmers Corner site has the highest height limit of 90 meters in the city. I am enjoying. DOMA has received concept approval to exceed the store limit by 10%. The approved concept design included several public spaces lined with brewery lanes, Cooper Plaza, Interchange Square, and cafes known as Railline Park, which will be the centerpiece of Newcastle’s new Central Business District. It was. This year, the company received approval for the development of the Little National Hotel and its adjacent Honeysuckle Drive cross-laminated Wood’s Office building. Edgar said DOMA is “working through several design and pricing builders” for the project.

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The DOMA Group will fine-tune the design of the tallest building in Newcastle as apartment prices rise.Newcastle Herald

Source link The DOMA Group will fine-tune the design of the tallest building in Newcastle as apartment prices rise.Newcastle Herald

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