Massive redevelopment plans for Frankston Yacht Club and foreshore have been given the nod.
Council voted to back the plan for a new three-storey building including a 164-seat restaurant, 104-seat cafe, function centre and community room. Greater Frankston Business Chamber has praised the redevelopment, saying it will be a great public asset and enhance the foreshore.
But environmentalists argue it lacks car spaces and has too much emphasis on commercial space. They also say the council has rushed the project. A report to Frankston Council stated the redeveloped yacht club needed 150 car spaces under the planning scheme, but only 84 will be provided — a shortfall of 66 spaces.
Planning consultant Marco Negri said not as much parking was required on site because patrons would be able to park nearby in the Frankston CBD. The council is seeking tenders of up to $7.5 million for the project.
Source: Herald Sun – Leader
By Nerida Conisbee Premium suburbs led the downturn for most of the year, recording the largest price falls while affordable markets held up. Open home data tracking 13,000 inspections a week now shows that pattern starting to invert. The housing downturn is starting to shift. Premium markets, which have experienced some of the largest price … […]
By Nerida Conisbee | More about Nerida Conisbee The Budget made established property investment less attractive. Investor lending fell immediately. The question now is what combination of rent increases and price falls would make the numbers work again. A key aim of this year’s Federal Budget was to make investing in residential property less attractive … […]