Address: 75 – 77 Shortland Esplanade, Newcastle Beach
Project Value upon completion: $121m
No of Apartments: 227
Arena Apartments | Newcastle Beach
Stronach acquired the balance of the Ex-Royal Newcastle hospital site on Newcastle Beach (3,650m site) from Mirvac in 2012. The total site had an approved Concept Masterplan for approximately 400 apartments, hotel and commercial space.
Stronach undertook a design competition and concept plan modifications for the Ex-Royal Hospital site which enabled it to deliver a world-class mixed use residential & hotel development that will meet market demand. Subsequent property market conditions led Stronach to revise the development to remove the Hotel component.
Arena Apartments designed by DWP Suters and built by Richard Crookes Constructions is located on Shortland Esplanade Newcastle Beach. The eight storey south building containing fifty-five one and two bedroom apartments with basement car parking was completed in March 2016.
The north building features one hundred & sixty-five one, two, three and four bedroom apartments, basement car parking and ground floor hospitality and commercial space. Construction was completed in October 2017.
Stronach Property acted as Development Manager and leader of the private equity syndicate including Keith Stronach which undertook the Arena development project.