Utopia Space in Fortitude Valley is under construction with 80% sold

first_imgUtopia Space in Fortitude Valley has officially turned the sod as construction kicks off on the 25 level, 300 residential apartment project.A FORTITUDE VALLEY residential development has started construction with young professionals snapping up apartments in the prime inner-city precinct.Utopia Space on Wickham St will eventually have 25 levels, making it one of the tallest buildings in the Valley and with prime rooftop entertaining space with skyline views.The project has been sitting on the backburner for a couple of years, waiting for the market to turn in its favour.Utopia Space in Fortitude ValleyUtopia development manager Bill Wang said the supply side of development in the area was cooling, with a number of other projects mothballed and building approval back to a historical average from its peak.“But the demand is still there, especially for high quality projects,” he said. “We believe that by the time we complete the construction, the market will be more balanced.“And job growth that has stemmed from the large number of commercial towers being constructed or proposed for the Valley will well support the project.”Utopia Space in Fortitude ValleyAimed at young professionals and downsizers, the $180 million Utopia Space will have 300 one, two and three-bedroom apartments starting from $399,000.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoThe rooftop space will provide an open air cinema and large barbecue communal area.With 80 per cent sold off-the-plan, construction is now underway, with the sod officially turned with red ribbon tied shovels, followed by dancing red lions.At the opening ceremony Central Ward councillor Vicki Ward spoke of the vibrant and growing suburb of Fortitude Valley and Sandt Developments Group chairman Tom Sun talked of his long time dream of Utopia Space that is about to come to fruition.Utopia Space in Fortitude ValleyDesigned by Queensland based Kowalski Architects and set to be built by well renowned Hutchinson Builders, Mr Wang said one of the key features that made Utopia Space stand out from the crowd was its location.“Location, location is always the number one priority when it comes to real estate,” he said.New apartments: Search for developments“Being central to the Valley precinct, Utopia is among some of the best Eastern and Western eateries and cultural hot spots.“It sits 100m from the Valley train station, has a number of bus routes it is proximity, public transport can never be this convenient.”Utopia Space in Fortitude ValleyMr Wang said the state of the art design and finishes would also set the development apart.Bi-folding doors open up to 90 per cent of the balcony space, and the project is using Japan’s most advanced nanoglass which shields heat by up to 67.1 per cent and keeps rooms up to 8.3 degrees cooler in summer.The advanced technology glass means that airconditioning costs are reduced and soft furnishings are protected from fading.last_img read more

Should the Reds Keep Choo?

first_imgShin-Soo Choo has certainly been worth the price the Reds paid to get him.  Now comes the task of deciding if he should stay.  When they traded for him, their plan was to borrow him for one year to win a World Series and then let him go to free agency.  However, he did so well as a Red that now you begin to wonder if you can afford to give him the big contract and keep him as your lead-off hitter.  Economically, the answer is “no”.  He will want a long-term contract at a high price level and this will reduce your ability to retain younger players.  You have invested a lot of money in Billy Hamilton, and he is definitely the outfielder of the future.  The question is–“is Hamilton ready to play regular next year?”  Hamilton is only 23 years old and could be a long-time fixture in Cincinnati if he can hit.  There is no doubt he can do everything else very well, but nothing happens until you get on base.  Choo, on the other hand, is a proven commodity; but Cincinnati is not a Korean strong hold of population.  Choo is reportedly hoping to go to Chicago or New York where his ethnic background might be better suited.  We all know that his agent wants that size city so he can jack up his asking price.last_img read more

Chelsea’s Champions League mastermind leaves latest job

first_img Roberto Di Matteo 1 Former Chelsea boss Roberto Di Matteo has left his position as Schalke head coach after just seven months in the job.The Italian signed a three-year deal in October to take charge of the Bundesliga side, who were 11th in the table at the time of his appointment.Di Matteo initally sparked a turnaround which saw the club rise to third, but they endured a disappointing end to the season and finished the campaign in sixth to miss out on Champions League qualification.Now the 44-year-old, who led Chelsea to Champions League glory in 2012, has stepped aside after talks with general manager Horst Heldt.“In the last two days Horst Heldt and I not only discussed the last seven months, but more importantly turned our attention to planning the new season,” Di Matteo said.“I presented an idea for a possible successful future and the necessary conditions to put that idea into effect. Despite the fact that my discussions with Horst Heldt were constructive, at a certain point it became clear that the club’s view differed and would be unable to create those conditions in the foreseeable future.“The frustration at the club after an unsatisfactory second half of the season is too great. With the club unable to create what I consider to be the necessary conditions it is not possible to guarantee the success expected by a club like Schalke 04. Therefore I think a fresh start is best for a club and its supporters who have become very close to my heart.”Heidt added: “Roberto had a clear vision of the club’s future. When it became obvious that we had different views on the future of the club he always had the best interests of the club in mind regarding potential solutions.“Roberto Di Matteo took over in October 2014 with the club in 11th place. The situation was more difficult than outsiders could imagine. We had a lot of serious injuries and other problems.“Thanks to Roberto’s work we found winning ways again. In the Champions League we qualified for the round of the 16 and in defeating Real Madrid 4:3 at the Bernabeu nearly kicked the holders out of the competition. At the start of February we climbed to third in the Bundesliga. But after that we had a bad run that we couldn’t really stop until the end of the season.”last_img read more