Official Shark Park & Woolooware Bay Development

[HaroldBishop]

They would definitely allow it.

If it meant we got an injection of 300k just do it. Cronulla fans have no right to complain as they don’t show up to games anyway so let’s take some away. It also increases demand for the games we do have at shark park.

Yeah agree. We only exceeded 14k on two ocassions last season. That's ****house.

 

[Proud Shark]

Free tickets to help hook in families is definitely a move worth doing now and again, especially against opposition that won’t pull a big crowd

Going off the crowd numbers dino stated for last year I'd be giving them out every game. Like Addy said, hit primary schools. Pick 4 or 5 a week and give out 2000 free kids tickets. Even more. I think the goal should be doing anything possible to get 18000+ people per game through the door, then to work backwards from there. Obviously thats not feasible in every timeslot but saturday arvo should be easy.

They would definitely allow it.

If it meant we got an injection of 300k just do it. Cronulla fans have no right to complain as they don’t show up to games anyway so let’s take some away. It also increases demand for the games we do have at shark park.

I was always against it but unfortunately you're right. This probably needs to be the way forward.

 

[Western Sharkie]

They would definitely allow it.

If it meant we got an injection of 300k just do it. Cronulla fans have no right to complain as they don’t show up to games anyway so let’s take some away. It also increases demand for the games we do have at shark park.

Would more than welcome a Sharks game in Perth!
I'm sure there would be more than a couple who agree.

 

[Addy]

We've done CC, Adelaide and NZ in the past. Anywhere else?

 

[bort]

Would more than welcome a Sharks game in Perth!
I'm sure there would be more than a couple who agree.

At least 3 on here...

 

[Busted Bongos]

We've done CC, Adelaide and NZ in the past. Anywhere else?

Dubbo

 

[gando2230]

Capital Bluestone been taken over by Hong Kong-listed developer Aoyuan International,
with Aoyuan buying out the majority of the company.

They will take On the Woolooware Bay Town Centre being developed for landowner
the Cronulla Sutherland Leagues Club.

 

[Addy]

Capital Bluestone been taken over by Hong Kong-listed developer Aoyuan International,
with Aoyuan buying out the majority of the company.

They will take On the Woolooware Bay Town Centre being developed for landowner
the Cronulla Sutherland Leagues Club.

Saw that in the news section, had a laugh when I saw the boss of Bluestone as a Mr. Fairfax

 

[Matty C of the Shire]

New features of Sharks development unveiled as first 97 apartments in final stage go on sale
Murray Trembath
Local News
+14
Apartment interior. Picture: suppliedBen Fairfax (left) and Matt Crews, of Bluestone Capital, with a model of the final stage of the development in a new display centre at Cronulla. Picture: John VeageBen Fairfax (left) and Matt Crews, of Bluestone Capital, with a model of the final stage of the development in a new display centre at Cronulla. Picture: John VeageModel of the final stage of the development in a new display centre at Cronulla. Picture: John VeageArtist's impression of the final stage of the development. Picture: suppliedBathroom in the display centre at Cronulla. Picture: John VeageBathroom in the display centre at Cronulla. Picture: John VeageDisplay centre at Cronulla. Picture: John VeageInteractive viewing room in the display centre at Cronulla. Picture: John VeageInteractive viewing room in the display centre at Cronulla. Picture: John VeagePodium-level facilities include a north-facing infinity edge swimming pool. Picture: suppliedViews over Woolooware Bay from a high level unit. Picture: suppliedApartment interior. Picture: suppliedApartment interior. Picture: suppliedApartment interior. Picture: suppliedBen Fairfax (left) and Matt Crews, of Bluestone Capital, with a model of the final stage of the development in a new display centre at Cronulla. Picture: John Veage
Artist's impression of the final stage of the development. Picture: supplied

New features of the retail centre, apartments, leagues club upgrade and roadworks in the final stage of the Sharks development have been revealed as the first 97 units go on sale.

Developer Capital Bluestone believes the new homes will defy the sluggish real estate market because of the "unique living environment" and keen pricing.


"It is very hard to find residential on waterfront, with retail below and a club as well," said Ben Fairfax, managing director of Bluestone Capital, which has become a division of Aoyuan International.

"Woolooware Bay is also very well priced compared with other projects across Sydney, and particularly at Cronulla".


General manager Matt Crews, said,"If someone from Engadine wanted to sell their three-bedroom house, they could buy a two-bedroom unit here and still have money in their pocket".

A display centre for stage four of Woolooware Bay Town Centre is about to open at 71-73 Cronulla Street, Cronulla (next to Nulla Nulla cafe).

It includes ground-breaking digital technology that "provides a true-to-life immersive insight to the resort-style homes".

The first 97 units will be in a new building above the retail centre, with a further 130 in following stages in two other blocks (which are shown as clear plastic frames in the display model), with another 20 above the new hotel.

Prices are $635,000 to $735,000 (one-bedroom), $865,000 to $1.22 million (two bedroom) and $1.575 million to $1.8 million (three bedroom).

Four penthouses are priced from $2.3 million to $2.4 million.

Podium-level facilities include a north-facing infinity edge swimming pool, viewing deck, barbecue areas and a multi-purpose room that can be booked by residents for functions.

The vehicle entrance to the development is via a ramped roadway from Captain Cook Drive, leading to separate parking areas for residents and retail centre / club users.

There will be 770 car spaces for retail and club users and 260 for the apartments and hotel.

Retail centre / club parking will have a boom gate and number plate reader, similar to Westfield Miranda and also with three hours free parking.

The club will be allocated a minimum of 100 spaces, with up to 300 on game days, and there will be a ticket validation scheme for extended parking.

The leagues club , which will move up two levels and sit above the retail centre, will include an expansive open deck overlooking Woolooware Bay, with views to the City.

The deck will be a similar size to the present Summertime Bar.

The dining precinct of the retail centre will run at ground level along the northern end, looking out over landscaped gardens towards the bay.

The precinct will include separate fine dining and casual dining areas.

"Fine dining will not be white table cloths, but quality dining, where you could take the family for dinner," said Matt Crews, of Bluestone Capital.

"Casual dining won't be the traditional food court of a Westfield, but smaller tenancies offering quicker food.

"Importantly, the dining has been designed to not compete with dining at the club.

"We need to co-exist, not cannabilise each other."

The Touched by Olivia Foundation inclusive playground, which was to have been located in front of apartments on the western side of the stadium, has been moved to in front of the dining precinct.

"Parents will be able to enjoy a coffee while watching the kids at play," Mr Crews said.

Relocation of the playground came after the Planning Assessment Commission found the initially proposed site was too close to high transmission power lines.

Roadworks costing $7-8 million will be required.

The roundabout at the intersection of Captain Cook Drive and Woolooware Road will be removed.

Woolooware Road will be straightened to meet Captain Cook Drive at a new signalised intersection and cross into the area now occupied by the Fitness First car park.

The present end of Woolooware Road will be retained for use as a loop for Woolooware High School bus services and Sharks game day buses.
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Construction, which will take place on the leagues club's existing car park, is expected to start at the end of this year's football season and be finished by the end of 2021. Roadworks may start earlier.

The release of stage four of the project comes eight years after Capital Bluestone and the Cronulla Sharks Leagues Club joined forces to develop the club's land.

Last month, the club announced it had reached agreement to sell its remaining interest to Capital Bluestone for $40 million.

The Sharks retain ownership of the leagues club and football stadium.

 

[CrazyMatt]

Ok this sort of thing isn’t exactly my area of expertise but, should we be concerned that we’ve given up all remaining interest in this project for a lump sum? What happens when that cash runs out?

 

[egg]

Ok this sort of thing isn’t exactly my area of expertise but, should we be concerned that we’ve given up all remaining interest in this project for a lump sum? What happens when that cash runs out?

Perth Sharks

 

[bort]

Ok this sort of thing isn’t exactly my area of expertise but, should we be concerned that we’ve given up all remaining interest in this project for a lump sum?

Yes

What happens when that cash runs out?

Perth Sharks

We ended up in a state we needed that money NOW or might have been the Perth Sharks so we had to scrap the future income so there would be a future.

Hopefully smart use of that money will help ensure some future income streams still.

 

[samshark]

We've been in that state the last five years since the development money started rolling in. All its done is pay off debts.

Is the new deal just delaying the inevitable by 8-10 yrs? If we continue to lose money it will be. I guess we shall see.

 

[common]

Yep. Can't help but think that the lump sum payment wasn't the way to go. If not utilised correctly then we will be done in 10 years or less. Would have been handy to have kept a finger in the pie with the development. Could have set us up for a very, very long time. As was the plan.

 

[bort]

Perth Sharks with a good secure income stream from the development back in the Shire would set them up to succeed long term.

 

[HaroldBishop]

We've been in that state the last five years since the development money started rolling in. All its done is pay off debts.

Is the new deal just delaying the inevitable by 8-10 yrs? If we continue to lose money it will be. I guess we shall see.

Yep. Can't help but think that the lump sum payment wasn't the way to go. If not utilised correctly then we will be done in 10 years or less. Would have been handy to have kept a finger in the pie with the development. Could have set us up for a very, very long time. As was the plan.

If this eventuated you'd have to wonder where the money went. As in dodgy business, people lining their pockets.

 

[bort]

If this eventuated you'd have to wonder where the money went. As in dodgy business, people lining their pockets.

$12 million will be held in an escrow account for use specifically to deliver the Leagues Club refurbishment

Pretty important they make this a an attractive and profitable venue to help create a reliable revenue stream.

 

[HaroldBishop]

Pretty important they make this a an attractive and profitable venue to help create a reliable revenue stream.

I've said this before but I just can't see it happening. Young people don't go to Leagues/RSL clubs these days, not like they used to anyway.

I really worry we're flushing the 12m down the toilet.

Hope I'm wrong, I am more often than not.

 

[bort]

I've said this before but I just can't see it happening. Young people don't go to Leagues/RSL clubs these days, not like they used to anyway.

I really worry we're flushing the 12m down the toilet.

I think they need to factor that in and find a way to make it attractive as a venue, broaden the appeal to different audiences.
You're right being a Leagues/RSL is not as attractive as it used to be - while they may be cheap they are not very attractive venues and the evidence is now people would rather pay a little more to be somewhere trendy and modern.

Live bands? Get a bit more club like on weekend nights? Get some random old player in to be our Denan Kemp/Bloke in a Bar (his place looks like it does pretty well)?

TBH I don't really know how it is used now and I don't know the local area well enough for educated guesses how it should be used (I guess it's about to change anyway) but that 12 mil is a big sink to not turn into an income stream.

 

[slide rule]

Yep. Can't help but think that the lump sum payment wasn't the way to go. If not utilised correctly then we will be done in 10 years or less. Would have been handy to have kept a finger in the pie with the development. Could have set us up for a very, very long time. As was the plan.

With the economic uncertainty property development is a very risky business.

There’s no reason why we can’t just take the money and use it to acquire income generating property elsewhere.