Meeting Minutes

Meeting Minutes have been uploaded to google documents

Please feel free to edit

340 Bell St Preston Construction Pics

Some construction photos of 340 Bell St. Preston that gives a good idea of some of the building costs and technologies that may be involved for our own building.

http://www.rosemontconstructionsvic.com.au/jobs/Preston_Office_Development.php

Report outline

See Google Docs for a suggested report outline. Do you think this covers everything we need to do?

Open to suggestions.

Trish.

Added floor?

Hi guys I'm sorry to be a pain, but looking back at the brief, I was afraid that what we mocked up on Thursday was not going to be substantial enough for the assignment.

I've mocked up another design - really similar, with an extra floor.

First floor - offices and shared cafe

Ground floor - Retail and supermarket (or other similar large retail)

Basement - carpark

If anyone would like a develop reference i was trying to channel the Hive shopping centre on Victoria Street Abbotsford which has an Aldi and a Woolworths with some mixed retail.

I've uploaded what I drew into our Google Docs folder. Please let me know what you think.

Trish.

Stage 2: Building estimating

After much deliberation we came up with a building plan below:

https://docs.google.com/leaf?id=0Bx_XeYLAx_AONTY3ODhhYzItODA0YS00MjVlLWI5YTgtYzZhMmNkOTI1ZDc1&hl=en_US

To be done over the weekend.
David and Henry:

• Draft up building (plan and 2 sections)
• Estimate building cost
• Henry only - type up meeting minutes
• David only - research borrowing requirements
  

Circe:

• Find all other costs involved
  

Trish:

• Calculate rental
• Start report

We shall meet again Tuesday? Comment for questions and complaints.

Ps. Circe, can you please reupload your planning work in an openable format? Thanks

Trish's Site Visit - Weekday morning

I visited the site this morning at around 10am.

First impressions:

• Very few pedestrians
• Car dealerships and auto-service repairs (Bayfords across the road is vacant now)
• Low prestige single level attached shops
• Pub on the corner, Preston Hotel

Shopping strip away from the city

View down High St, site is on the right

The site

The nearby intersection with the medical centre on the corner

Public transport:

• Bus stop right by the site
• Routes 552 and 553

Parking

• On street 1 hour; there were no cars parked at the time

Surrounding

• New, single level medical centre including dentist, doctor, pharmacy, radiologist. Fairly busy, pre-cast concrete construction.
• TCM mechanical services
• Car dealerships
• Tyre repair, car repair
• Small, quiet shopping strip in direction away from the city. Not very nice. There's an example of an office there but it's abandoned not in good condition.
• A lot of shops are vacant so I'm pretty sure retail is not the way to go!
• Preston High St shopping strip towards the city. Very busy, good healthy commercial activity.

The shopping strip in the direction of the city. Starts off quiet but gets busier.

Commercial activity particularly good around the Chemist Warehouse intersection and surrounds.

The abandoned office development - what not to do!

Financial and economic market research

To be done by Dave and Trish by next Sursday.

Dave:

• Surrounding use and land value
• Asking price for similar development; area p/unit etc.
• Likely equity and lending requirements
• Loan conditions

Trish:

• ABS Stats RE: statewide trends
• Economic conditions now and over the next two years: interest rates, CPI, rental rates, AUD, property prices....and how it will inform our investment proposal

Both:

• Site visit, take notes and photos
• Precedence research...offices we like.