S&amp;S Projects is boosting its investment at Rainbow Bay to more than $1 billion after the prolific Gold Coast developer acquired a new site for $20.25 million and immediately laid plans for a new luxury apartment project in the sought-after precinct.

The site, which is the company’s fifth acquisition at Rainbow Bay in the past four years, will be home to the company’s largest project to date after delivering 3 sold-out projects and construction progresses on Radia worth a combined $215m. 
S&amp;S Projects is currently finalising plans for its latest strategic acquisition, a 1,518 sqm site located 209-213 Boundary Street in Coolangatta, with a development application expected to be lodged within weeks.

The luxury residential development will build on the company’s highly successful projects at Rainbow Bay, comprising Flow, Awaken, Esprit and Radia, with Radia currently under construction by Hutchinson Builders.

“We have been unflinching in our commitment to Rainbow Bay and the transformation we have helped drive in this incredible part of the Gold Coast, which is among the city’s most desirable residential locations,” said S&amp;S Projects founder and director Paul Gedoun.

“Our fifth project will reflect the best of what we have done so far to create a lifestyle precinct that is second to none.”

The latest development, which has yet to be named, is proposed to accommodate 88 luxury apartments in a design that will immerse residents in a unique wellness lifestyle that expands on the legacy of S&amp;S Project’s earlier developments at Rainbow Bay.

The development will feature an expansive rooftop garden and wellness centre with a resort- style pool, among a host of lifestyle amenities planned for residents.

“Rainbow Bay, with its beautiful, protected beach and alongside one of the world’s best surf breaks at Snapper Rocks, is the natural wellness heartland of the Gold Coast,” said Gedoun.

“We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden.”

The latest acquisition comes as S&amp;S Projects is at the completion of Esprit and construction continues on Radia, which are part of their significant portfolio undertaken by the company at Rainbow Bay since 2022.

The $215 million Radia, which comprises 38 apartments, is currently the flagship development by S&amp;S Projects at Rainbow Bay which is expected to be completed in 2027.

Jayde Pezet, of Pezet Matheson, which has managed sales and marketing for S&amp;S Projects across their Gold Coast portfolio, emphasised the developer’s commitment to continuous improvement and excellence.

“S&amp;S Projects continue to elevate the benchmark of luxury with each development," Pezet said.

“We have worked with S&amp;amp;S on their 4 other projects in Rainbow Bay and their approach reflects a team that is constantly learning, refining, and pushing the standard higher.

“Their hyper-local knowledge and deep expertise within the luxury property sector are what truly set them apart, allowing them to deliver projects that feel both globally sophisticated and authentically connected to their coastal environment”

S&amp;S Projects plans to officially launch its latest project at Rainbow Bay in the second half of this year.

“As we embark on our largest project yet, we have pulled out all stops to create another landmark development that truly reflects the relaxed southern Gold Coast lifestyle,” Gedoun added.

Joel Robinson

S&S buys $20m Rainbow Bay site for fifth beachside apartment project

Japandi, an emerging design trend that combines Scandinavian functionality with Japanese rustic minimalism, remains relatively untested in Australia’s residential development market.

As developers look to differentiate their projects and offer something distinct to buyers, Brisbane-based developer Lantona has embraced the hybrid style for its recently launched Toowong apartment project, <a href="https://www.apartments.com.au/new-apartments/koya-residences-6-josling-street-toowong-qld-4066">Koya Residences</a>, with early response to the design proving positive.

Lantona entrusted Red Door Architecture and interiors practice Luma Design Co with delivering the Japandi brief. The approach blends Japanese minimalism with Scandinavian functionality, emphasising warm, restrained interiors, natural materials and clean lines. Drawing on the Japanese concept of wabi-sabi (beauty in imperfection) and the Scandinavian principle of hygge (comfort and cosiness), it creates serene, uncluttered and sustainable living environments.

These design principles are expressed throughout the Josling Street development, both in its exterior form and across the 40 one-, two- and three-bedroom residences within.

[smartcode_project:default project_id=150787 project_image_fid=366229]

Koya reflects a deliberately scaled approach, with the five-storey form designed to align with the surrounding residential streetscape rather than dominate it.

“Koya is conceived as a building that sits comfortably within its surroundings. Every decision, from material selection to spatial planning, has been guided by long-term liveability and enduring relevance,” the developer said.

[smartcode_project:default project_id=150787 project_image_fid=366243]

Positioned within an established inner-west neighbourhood, the development sits near riverfront parklands and the Bicentennial Bikeway, while remaining within walking distance of Toowong Village and multiple public transport options connecting to the CBD, St Lucia and West End.

Lantona said the location was central to the project’s conception, pointing to Toowong’s balance of green space, transport access and proximity to major education institutions.

“<a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> combines river access, walkability, immediate CBD connection and a strong educational presence. That balance made it the obvious setting for Koya.”

[smartcode_project:default project_id=150787 project_image_fid=366230]

Communal amenity is concentrated on the rooftop, where a shared retreat will include a pool, dining areas and outdoor spaces oriented towards neighbourhood and city views. The design allows for both private use and small gatherings, extending the living environment beyond individual apartments.

Koya enters the market at a time when smaller-scale developments are becoming less common in established suburbs, with many recent projects in the suburb shooting for the sky.

In a nod of confidence,&nbsp;<a href="https://www.apartments.com.au/builders/brisbane-builders">Brisbane Builders</a>&nbsp;has already commenced construction on the building, which is slated for completion in early 2027. Keenan &amp; Byrne is marketing Koya.

[smartcode_project_cta:default project_id=150787]

Japandi-inspired Koya Residences launch in Toowong

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:ca872054-bfe3-4cc5-a2c8-b373d4dfeafb-2" dir="auto">
A completed Castle Hill apartment development is returning to market with an uncommon level of financial backing, positioning it as one of the more secure options for buyers in Sydney’s north-west.

Skyview in Castle Hill, originally developed by Top Place and now overseen by capital partner <a href="https://www.apartments.com.au/developers/equitifund-group">Equitifund</a>, is being relaunched following a full remediation process. Central to its repositioning is a substantial financial reserve designed to provide ongoing protection and reduce uncertainty for incoming purchasers.

At the core of this offering is an $11 million bond secured during the project’s remediation phase, negotiated by former NSW Building Commissioner David Chandler. With less than $4 million required to complete the works, approximately $7.2 million remains in reserve, with around 15 years left on the term.

[smartcode_project:default project_id=147685 project_image_fid=359134]

Rather than a typical insurance-backed structure, the remaining funds are held as cash, creating a readily accessible financial buffer should any future building issues arise. The structure is intended to provide buyers with an added layer of certainty, differentiating the development from more conventional apartment offerings.

Equitifund Executive Chairman Greg Huxley said the structure provides a level of security not typically seen in apartment developments.

“The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers,” Huxley said.

“Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind.”

[smartcode_project:default project_id=147685 project_image_fid=359135]

The remediation process has now been completed in full, with no active rectification orders or outstanding directives linked to the project on NSW Government registers. This outcome reflects the broader tightening of building oversight across the state, while also highlighting the project’s transition into a completed, compliant asset.

In a market where many buyers remain cautious about apartment quality, initiatives like this are designed to restore confidence, giving purchasers greater certainty and a stronger sense of security in their investment.

Equitifund has since acquired the remaining apartments and is managing their reintroduction to the market. With the works finalised and a significant financial reserve in place, the project now presents with a markedly different risk profile compared to its initial release.

[smartcode_project:default project_id=147685 project_image_fid=359137]

Beyond the added security, the development is positioned in one of Castle Hill’s more established pockets. The Gay Street address places it within close proximity to Castle Towers, one of the country’s largest retail centres, as well as Castle Hill Metro Station, which now connects directly to the broader Sydney Metro network.

Equitifund National Sales Director Ben Hamblett said buyer demand in the area continues to be driven by access to transport and amenity.

“Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre,” Hamblett said.

“There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living.”

[smartcode_project:default project_id=147685 project_image_fid=359145]

The apartments also enter the market at a relatively accessible price point for the area, with two-bedroom configurations starting from $995,000 and rental demand for similar stock reaching around $900 per week. This combination of pricing, connectivity, and completed status is expected to appeal to both owner-occupiers and investors seeking lower-risk entry into the Hills District apartment market.

For eligible buyers, a limited 3.50 per cent p.a. two-year fixed interest rate is currently available through Equitifund’s lending partners, providing an additional layer of affordability.

EquitiCredit Pty Ltd ACN 676 363 769 holds ACL 559289 and provides credit assistance. Finance is arranged through EquitiCredit and funded by its lending partners. Interest rates are subject to change and eligibility criteria apply. Terms, conditions, fees and charges may apply. This is not financial advice and should not be relied upon as such. Prospective buyers should seek independent financial advice.

[smartcode_project_cta:default project_id=147685]
</section>

Castle Hill apartments offering unmatched buyer protection through dedicated fund

A State-Assessed Rezoning Proposal for the Kurnell Peninsula is now on public exhibition, setting out a plan to deliver up to 4,300 homes alongside new retail, tourism and public open space on a 210-hectare coastal site.

The proposal, backed by the Minns Labor Government, would transform a former sand mining area along Captain Cook Drive into a mixed-use precinct delivered over approximately 20 years.

In addition to housing, the plan includes more than 7,000 sqm of retail and commercial space, new community facilities and approximately 116 hectares of open space, equating to more than half the site.

<img alt="Kurnell" data-entity-type="file" data-entity-uuid="ce1c6567-1df0-4de0-9fe5-a76be0367834" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.11.51%E2%80%AFAM_0.png?VersionId=dbbTmYaJvROA5fkQbgaxis8cmFwtpB5_" />

<hr data-end="849" data-start="846" />
<h2 data-end="902" data-section-id="ony3l3" data-start="851">Rezoning framework enables mixed-use development</h2>

The rezoning application seeks to amend planning controls under the State Environmental Planning Policy (Precincts—Central River City) and the Sutherland Shire Local Environmental Plan 2015.

Its primary objective is to enable a broader range of land uses across the site, including residential, employment, tourism and community uses, while also formalising environmental protections and land management outcomes .

The proposal has progressed through the state-led rezoning pathway after being identified as a project of regional significance, supported by several years of technical studies and agency consultation .

Development would occur in stages, aligned with the progressive closure and remediation of the existing sand mine.

<hr data-end="1718" data-start="1715" />
<h2 data-end="1768" data-section-id="krwii9" data-start="1720">Master plan structured around three precincts</h2>

The accompanying urban design report outlines an indicative master plan that divides the site into three primary precincts, anchored by a town centre in the western portion of the site.

The town centre is planned as the first stage of development, located on land that has already been remediated. It is intended to accommodate higher-density housing, retail, and community uses.

<img alt="Kurnell" data-entity-type="file" data-entity-uuid="4bfd5873-4847-4105-b220-0a30c96f5573" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.20.09%E2%80%AFAM.png?VersionId=7aVaSsZLAc6mElSH4g6Ct5bGsNxZcnPL" />

Additional precincts extend toward Bate Bay and Boat Harbour, with built form responding to environmental conditions and proximity to the coastline.

The design framework identifies distinct local character areas, with the master plan structured to reflect “unique natural qualities” across the site.

<hr data-end="2495" data-start="2492" />
<h2 data-end="2544" data-section-id="1vitwqn" data-start="2497">Open space forms core of the design approach</h2>

A key component of the proposal is the allocation of approximately 116 hectares to open space and ecological land.

This includes:

<ul data-end="2846" data-start="2678">
	<li data-end="2702" data-section-id="d96caj" data-start="2678">Three district parks</li>
	<li data-end="2723" data-section-id="17y6uz6" data-start="2703">Nine local parks</li>
	<li data-end="2741" data-section-id="14hui00" data-start="2724">Sports fields</li>
	<li data-end="2778" data-section-id="ts7psx" data-start="2742">Coastal and ecological corridors</li>
	<li data-end="2846" data-section-id="agduax" data-start="2779">Two kilometres of publicly accessible beachfront along Bate Bay</li>
</ul>

The urban design report positions this open space network as central to the structure of the development, rather than ancillary to it.

It is intended to support ecological regeneration, provide recreational amenity and create a connected network across the peninsula.

The plan includes north–south ecological corridors, expanded wetland systems and pedestrian and cycling links designed to connect residential areas to the coastline and open space areas .

<hr data-end="3347" data-start="3344" />
<h2 data-end="3381" data-section-id="ql66rt" data-start="3349">Housing mix and affordability</h2>

The proposal includes approximately 4,300 dwellings across a range of housing types.

This includes high-density apartments, medium-density housing, townhouses and seniors housing.

Affordable housing provision is identified at approximately 240 dwellings, alongside a smaller component of social housing.

The master plan emphasises housing diversity, with the intent of accommodating a range of household types and age groups within the development.

<img alt="Kurnell" data-entity-type="file" data-entity-uuid="d4baba4d-b5b0-4a86-bcad-5d319b036184" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-13%20at%209.11.59%E2%80%AFAM.png?VersionId=udYFz0q8tjEPR3pmKLHRSFRJN4dKakPO" />

<hr data-end="3877" data-start="3874" />
<h2 data-end="3919" data-section-id="rgckdv" data-start="3879">Built form controls and height limits</h2>

Proposed building heights across the site range from three to 12 storeys.

These controls are set out within the rezoning application and are intended to manage visual impact, maintain view corridors and ensure compatibility with the coastal landscape.

Floor space ratios and height limits are applied across different parts of the site to reflect varying environmental conditions and proximity to open space and the coastline .

Higher density is generally concentrated within the town centre, with lower-scale development toward the coastal edge and environmentally sensitive areas.

<hr data-end="4548" data-start="4545" />
<h2 data-end="4588" data-section-id="1minlda" data-start="4550">Retail, tourism and employment uses</h2>

In addition to residential development, the proposal includes retail, commercial and tourism uses.

This includes:

<ul data-end="4896" data-start="4706">
	<li data-end="4775" data-section-id="1jrun76" data-start="4706">Approximately 7,000–9,800sqm of retail and commercial floor space</li>
	<li data-end="4803" data-section-id="10kyifw" data-start="4776">A full-line supermarket</li>
	<li data-end="4830" data-section-id="fz1hdg" data-start="4804">Food and beverage uses</li>
	<li data-end="4896" data-section-id="1aqg2fj" data-start="4831">Tourism accommodation, including hotel and short-stay options</li>
</ul>

The proposal also identifies employment outcomes, with the development expected to support jobs both during construction and in ongoing operations.

These uses are concentrated within the town centre and key activity areas across the site.

<hr data-end="5142" data-start="5139" />
<h2 data-end="5172" data-section-id="162x2kt" data-start="5144">Infrastructure and access</h2>

The proposal includes upgrades to Captain Cook Drive, which provides the primary access to the peninsula.

These upgrades are intended to improve traffic flow and support emergency access.

The transport strategy also incorporates:

<ul data-end="5529" data-start="5407">
	<li data-end="5433" data-section-id="fanquy" data-start="5407">Internal road networks</li>
	<li data-end="5469" data-section-id="o6y80y" data-start="5434">Walking and cycling connections</li>
	<li data-end="5529" data-section-id="jgraft" data-start="5470">Proposed public transport routes and bus stop locations</li>
</ul>

The rezoning report includes detailed analysis of transport, flooding, and infrastructure requirements to support the staged development of the site .

<hr data-end="5723" data-start="5720" />
<h2 data-end="5769" data-section-id="14urh3" data-start="5725">Environmental and cultural considerations</h2>

The site is identified as having environmental and cultural significance, including areas of ecological value and Aboriginal archaeological sensitivity.

The proposal includes measures to protect and enhance these areas, including:

<ul data-end="6230" data-start="6004">
	<li data-end="6056" data-section-id="1pzyouo" data-start="6004">Retention and regeneration of coastal vegetation</li>
	<li data-end="6100" data-section-id="bjn2vz" data-start="6057">Strengthening of biodiversity corridors</li>
	<li data-end="6148" data-section-id="1bpeyoj" data-start="6101">Protection of riparian systems and wetlands</li>
	<li data-end="6230" data-section-id="lg0cka" data-start="6149">Integration of cultural interpretation and recognition of Indigenous heritage</li>
</ul>

The urban design report also outlines opportunities for incorporating Indigenous cultural elements into public spaces and landscape design.

<hr data-end="6893" data-start="6890" />
<h2 data-end="6908" data-section-id="w7rk5f" data-start="6895">Next steps</h2>

The proposal is currently on public exhibition, with submissions open to the community. Feedback received during this period will inform the Department of Planning’s assessment of the rezoning.

If approved, the rezoning would establish the planning framework for future development applications across the site.

<hr data-end="6893" data-start="6890" />
<h2 data-end="6908" data-section-id="w7rk5f" data-start="6895">What the NSW Government says</h2>

Minister for Planning and Public Spaces Paul Scully said the planned closure of the sand mine and remediation of the Kurnell Peninsula presents an exciting opportunity to transform the area.

“This proposal envisions a vibrant new beachfront community with thousands of new homes, jobs and great open space in the Sutherland Shire. I encourage the community to have their say during the public exhibition period. Feedback from the community will play an important role in the assessment of the proposal.”

Sydney's newest beachfront city: NSW Gov to unlock 4,300 new homes on Kurnell peninsula

A long-awaited transformation of a former industrial site in Holroyd has been given the green light, with the NSW Government approving the $1.2 billion Crescent Parklands masterplan that will deliver more than 1,200 new homes just south of Parramatta.

The State Significant Development approval clears the way for a large-scale mixed-use precinct at <a href="https://www.apartments.com.au/new-apartments/1-crescent-street-holroyd-nsw-2142">1 Crescent Street</a>, replacing an underutilised site with a coordinated residential community anchored by new open space, retail, and commercial uses.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> for WA-based developer Tiberius, the approved scheme comprises seven buildings arranged across two precincts. In total, the development will deliver 1,227 apartments, including 201 allocated as affordable housing, alongside approximately 2,500 sqm of retail and 5,000 sqm of commercial space within a mixed-use podium.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="1cc82dd2-8184-4b86-8665-90653147820d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20buildings.png?VersionId=2ZmVDc_Rfc4AzQ6ShzZJlvdZnACLerVM" />

The project is structured as a masterplanned precinct rather than a standalone tower. Buildings 1 to 4 will rise from a shared podium with shop-top housing, while Buildings 5 to 7 are positioned closer to the northern park interface as residential flat buildings. The built form has been carefully modulated to balance density with amenity, with the design resolving building separation, solar access, and wind impacts at a precinct scale.

A significant focus of the design is the activation of Crescent Street and the integration of public domain. The submission notes that “individual townhouses [were] removed for community based functions to Crescent Street to increase activation and surveillance,” reinforcing a more urban and publicly engaged street edge. Retail, commercial tenancies, and resident amenity spaces are concentrated along this frontage and within the podium to support day-to-day activity.

The landscape strategy underpins the project’s identity, with a network of pedestrian connections, landscaped corridors, and open spaces linking the site internally and to its surroundings. The design prioritises permeability, delivering “increased uninterrupted flow between spaces for pedestrian access” and improved connections through to the adjoining parklands.

<img alt="Tiberius’ Crescent Parklands to deliver 1,200+ homes in major Holroyd transformation" data-entity-type="file" data-entity-uuid="19282454-ab2f-4e2c-866f-4b35cf4283d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crescent%20masterplan.png?VersionId=JQdWGYI5B5R1lzmK4omYOp_8KLPkT4Bv" />

Buildings within the western precinct are oriented toward the park, shaping a residential offering defined by proximity to open space. The design describes this approach as creating apartments “immersed in nature with apartments facing the park,” positioning the landscape as a central organising element of the masterplan.

The broader architectural response addresses both infrastructure and context, with taller elements capturing long-range views toward Parramatta while setbacks and separation distances mitigate impacts on surrounding residential areas. Sustainability initiatives, including solar optimisation, cross-ventilation, and integrated landscape systems, are embedded across the scheme.

Located approximately one kilometre south of Parramatta CBD, the 3.6-hectare site is bounded by Crescent Street, Woodville Road, and Holroyd Sportsground. It benefits from strong access to public transport, including nearby bus routes and train stations, and sits within a rapidly evolving corridor earmarked for increased residential density. The design also strengthens connections between surrounding green spaces, including Holroyd Sportsground and Parramatta Parklands.

The approval follows several years of planning, including a rezoning process that enabled significant uplift in height and density across the site. With determination now secured, Crescent Parklands is positioned to play a major role in delivering new housing supply within Greater Parramatta’s growth area.

Tiberius’ Crescent Parklands to deliver over 1,200 homes in major Holroyd transformation

Coworking

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Co-work space specialist WOTSO has leased a large-scale office space in Zetland.
It has committed to 2,600sqm at 1-5 Link Road in the recently developed Paragon development. 
The five-year lease – attached to another five-year option, is the largest office lease in the South Sydney suburb for several years.
The lease is WOTSO’s first foray into the South Sydney market, adding to their existing co-work facilities at North Strathfield, Pyrmont, Penrith, Bondi Junction and Neutral Bay. 
LJ Hooker Commercial South Sydney Director William Tong managed the lease on behalf of developer, HiFu Capital. 
“WOTSO’s lease represents the largest office commitment in Zetland for more than two years,” he said.  
Whilst details of the lease are confidential, Mr Tong said A-grade office space throughout the wider South Sydney market was commanding between $500-$550psm.  
“The shortage of quality office stock has driven up rents by about 30% in the last three years,” said Mr Tong. 
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j.ballantyne1990-6AQqhLzZaK

Co-work space company WOTSO break Zetland lease drought

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Bates Smart has completed its co-working space at Hub Parliament Station on Nicholson Street, East Melbourne.
Spanning 2,775 sqm, Hub Australia’s latest Melbourne venture occupying the top three floors (levels 16 to 18) of the iconic ICI House is currently known as Orica House.
The Hub Parliament Station interior is inspired by its base building’s mid-century classic design with a Palm Springs-like influence.
Bates Smart Director, Kellie Payne said, “The building is open and invites natural light with the most incredible views of Melbourne with aspects that overlooks the Parliament Gardens and the top-end of Spring Street, and the other over the Carlton Gardens with the Royal Exhibition Building in the background."
<img src="https://www.urban.com.au/images/2019/7/16/east%20mel%202.png" alt="">
Accommodating over 500 members, the new co-working space includes a café, integrated barista bar/hot desks, a boardroom, large serviced meeting rooms, private offices that can be open or screened, member kitchen and lounge, fitness centre, parent and wellness rooms and a media hub.
The work-zone spine runs centrally through each floor, made up of a series of flexible, open-plan workspaces, breakout zones and dedicated rooms.
Elements of the original documentation of the base building have been incorporated within Hub Australia’s new workspace. 
Breezeblocks are used throughout, in screens, walls and joinery, referencing the existing concrete waffle slab and ground floor lobby brickwork.
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Bates Smart completes new co-working space in East Melbourne

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The first month of Orion Springfield Central’s new mobile worker hub, The Third Space, has seen over 120 enquiries in the first month.
Facilities on offer at the Mirvac facility include the use of meeting spaces, individual work stations and flexible co-working areas, plus free services like scanning and printing.  
Kimberley Hill, Experience and Business Development Manager for The Third Space said, "high speed internet, parking and free printing along with our kitchen facilities are popular and the child-minding service for free at Mini Minders is a winner."
“We are already seeing monthly membership sign ups to secure spots,” Kimberley said.  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/16/20190603-RRP_1864.jpg" alt="">
Users range from technology and financial services businesses through to musical and massage therapy consultants utilising the free child care services and great desk space with other like-minded flexible workers.  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/16/20190603-RRP_1998.jpg" alt="">
It already offers free parking and a dedicated concierge who responds to calls and drop in enquiries.  
The Third Space is located in the Target Mall opposite Mini Minders, operating from 8.30am to 5.30pm, Monday to Friday, with both casual rates and monthly memberships offered during a 12-month trial of the concept.
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Mirvac's Third Space at Orion is receiving heavy enquiry

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Co-working office spaces increased by nearly 300% in the last five years, with Melbourne holding the largest share.
Co-working office space is one of the fastest growing segments of the commercial leasing market, the latest report by Herron Todd White (HTW) noted.
Research shows the number of co-working spaces in Australia grew by 297% between 2013 and 2017, occupying 193,190 square metres across six cities.
Melbourne holds the largest concentration of co-working spaces with 49% followed by Sydney with 38%.
"We expect this segment of the market to continue growing strongly," the HTW report noted.
Melbourne CBD’s overall office vacancy rate has reduced to 4.6% over the six months to January 2018, according to the Property Council of Australia’s Office Market Report.
Melbourne CBD is now level with Sydney CBD, together showing the lowest vacancy rates amongst all of Australia’s CBDs.
According to the latest report from HTW, the reduction in vacancy is primarily due to the high net absorption rate of prime Melbourne CBD office stock.
The North-Eastern and Docklands precincts have the lowest vacancy rates at 1.5% and 1.2% respectively, while vacancy rates are highest in the Western and Spencer precincts, reflecting vacancy rates of 6.6% and 8.2% respectively.
There is limited new prime office supply in the CBD due for completion over the next two years before the large increase of supply forecast for 2020.
Therefore, it is anticipated that vacancy rates will continue to fall over 2018 and 2019 before rising again in 2020.
The report suggests the market will see potentially sharp rental growth over the next two years as well as a decline in incentives, before levelling out again from 2020.
Strong demand is continuing for good quality office properties and properties with value-add or redevelopment potential within the Melbourne CBD, Metro and St Kilda Road office markets.
This is primarily due to the lack of suitable stock on the market and weight of capital seeking limited investment opportunities in this segment of the market.
The two recent sales in the CBD this year, 470 Bourke Street and 454 Collins Street, both achieved strong results.
470 Bourke Street, the headquarters of The Law Institute of Victoria, sold subject to a short-term leaseback for more than $35 million.
The nine-storey office building with excess land to the rear was purchased by an offshore investor with a capital value rate of circa $10,500 per square metre which reflects the balance land of 368 square metres.
454 Collins Street, an 11-storey C grade building situated at the corner of Collins and Williams Streets, was sold to a Macau investor for $40.1 million on a sharp fully leased yield of 4.21%.
The property was sold subject to a single-tenant leaseback to Robert Christie’s national co-working business on a 10-year term.
The valuation firm suggests that market yields are firming for well located investment grade assets exhibiting sound fundamentals, such as strong lease profiles and limited capital expenditure requirements.
The report suggests that investor demand is particularly strong for assets in the vicinity of $5 million to $50 million within the CBD and inner suburban locations.
The new statutory revaluations will be conducted as at January 2018 and valuations will be released as part of the FY2018/19 council rates notices and 2019 Land Tax assessments.
The valuers estimate that council site values will continue to increase across the CBD owing to strong capital growth over the past two years since the last Council revaluation in January 2016.
The potential rise in site values implies higher council rates and land tax costs which may impact upon the cash flow of landlords, especially where properties are subject to gross leases.
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Melbourne holding the largest share of nation's co-working office spaces: HTW 

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Flexible workplace provider Spaces is expanding, announcing that it will open a new co-working space at 60 Martin Place in Sydney’s CBD.
The three podium level, 4,500 square metre space in the building owned by Investa &amp; Gwynvill Group will open in February 2020.
Spaces is an IWG brand and its new co-working space will aim to offer professionals a creative working environment for the city’s entrepreneurs.
The IWG Global Workplace Survey 2019 found that, in Australia, the demand for flexible working has grown among employees, while 92% of employees can become more productive through introducing flexible work.
Simon van Grootel, Development Director for IWG Australia, said the new Martin Place location fits with the growth of the Spaces brand with and its dynamic relationship with occupiers and landlords.
“Undoubtedly the best building to be built in Sydney for a number of years, this presented a fantastic opportunity to further our existing relationship with Investa and bring to market our first Sydney CBD Spaces location in Martin Place,” van Grootel said.
“As we continue to grow our footprint nationally this will be a great showcase to occupiers and landlords alike as to the engaging environment that Spaces provides.”
Damien Sheehan, Country Head of IWG Australia, said it was important for Spaces to expand their brand across Australia.
“We are very excited about this new offering and the timing couldn’t be better with demand from our enterprise clients showing dramatic growth,” Sheehan said.
Joe Ward mentioned that IWG plc has been seeking a flagship premises for Spaces in Sydney CBD for around two years.
“The attraction for Spaces was a premium grade, landmark building in the central iconic location of Martin Place which is positioned amongst major tech and professional services businesses,” said Ward.
“As a hotly contested space, the landlord was keen to secure the right flexible workspace provider for the building to match to quality of the building and align with the future tenants expected to occupy this new 31 level tower.
“The three large podium floors overlooking Martin Place, is ideal for Spaces to introduce more collaborative workspaces and rapidly grow the brand nationally.”
Ward said Spaces has four locations in Australia across Melbourne and Sydney, which is set to double in 2020 and expand across all the major capital cities.
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jonathanchancellor-7SQnKwU6yx

New co-working space at 60 Martin Place announced 

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The Queensland-based co-working space and business incubator Little Tokyo Two has been placed into voluntary liquidation.
Its founder and entrepreneur Jock Fairweather sending a message saying the business had become “unsustainable”.
Founded four years ago, Little Tokyo Two (LT2) had five locations across Brisbane and the Gold Coast.
The business was primarily offering a co-working space service to startup founders and aspiring entrepreneurs. However, the business had also recently expanded into offering incubation services and ‘growth plans’ for startups.
In the message, Fairweather said while the incubation offerings had performed well, the co-working model had become unprofitable and criticised new market entrants for “undercutting” prices.
“The business of running a co-working space has been struggling, with increased competition in the market and new entrants, who undercut prices to attract new members,” Fairweather said.
“After stress testing our future financial model and the financial difficulty we have recently faced we have concluded that the viability of the LT2 as a co-working space is an unsustainable option for our future.”
The Courier-Mail reports Brisbane City Council had invested $5 million in innovation hub The Capital, which Little Tokyo Two was a “foundation tenant” of.
The council told The Courier-Mail it was trying to find a new operator to “provide certainty for tenants”.
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Brisbane co-working space Little Tokyo Two collapses into voluntary liquidation

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Co-working space ‘The Commons’ was the 2017 Gold Winner of the Melbourne Design Awards thanks to it's glowing 100% renewable energy credentials and insightful design, where multiple spaces have been created with the ability to cater to people’s various moods and needs.

Urban.com.au caught up with CEO of ‘<a href="https://thecommons.io">The Commons</a>’ Cliff Ho, who explains the key differences of co-working facilities in comparison to traditional office spaces, and how the team have used intuitive design to enhance the health and wellbeing of employees. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/commons1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/commons1.jpg?itok=pJ5TkXto" width="580"></a>

<figcaption>The Commons, South Melbourne. Credit: The Commons</figcaption></figure>Urban: What were the influencing factors in deciding the locations and properties of the new office spaces? (QV &amp; Sydney)

Cliff Ho: In Sydney, we chose Chippendale as it’s known for its creative scene and converted warehouses, Chippendale has become popular in recent years for its beautifully designed cafes, stores and art galleries; it was the perfect location for our first space in Sydney.

In July 2019, we will open our first space in Melbourne’s CBD in QV.

We wanted to find the best spot for this location and we landed on a place with some of the best retail stores and most delicious restaurants. Located at 3 Albert Coates Lane, we will only be a minute walk to Swanston Street, Melbourne Central Station and Chinatown.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/commons3.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/commons3.jpg?itok=i8fSJr-H" width="580"></a>

<figcaption>The Commons, South Melbourne. Credit: The Commons</figcaption></figure>U: What benefits do users get from working in a shared office compared to a private office?

CH: We've really set ourselves apart with a strong focus on three main components, community, wellness and logistics. 

The Commons is built on the belief that Community in the workplace is the foundation for success. Our primary objective has always been to cultivate a group of people and businesses who contribute to the growth and happiness of everyone under The Commons roof.

We take our wellness seriously and we know our members value it as well.  We provide members with weekly on-site yoga, meditation and spin classes.

Lastly, in comparison to a traditional office, you can expect to save 66% in your first year of business and 30% in each consecutive year after. We provide all the amenities you need with none of the administrative hassles, so you can enjoy the all-inclusive services and benefits with no hidden costs.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/commons4.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/commons4.jpg?itok=yCSSv6Ns" width="580"></a>

<figcaption>The Commons, Collingwood. Credit: The Commons</figcaption></figure>U: In what ways have The Commons offices been designed in an environmentally conscious way, and to achieve a low carbon footprint?

CH: The Commons is offset by 100% renewable wind and solar energy. We give our members easy options to make sustainable decisions in their daily lives by providing reusable containers and eliminating single-use plastic, encouraging alternative modes of transportation and keep recycling bins accessible in all our spaces. Furthermore, we are always seeking more information and diffusing it to our community so we all can make better decisions together.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/commons2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/commons2.jpg?itok=XTNX2Xmq" width="580"></a>

<figcaption>The Commons, South Melbourne. Credit: The Commons</figcaption></figure>U: How has the office been ergonomically designed to support the health and wellbeing of its users?

CH: After extensive research, we’ve designed an environment that is catered to people’s various moods and needs. Our architects, designers of both Google's and Facebook’s head office, sought to build a space where members could feel calm and inspired and be productive and creative.

Our spaces have been designed with meticulous attention to detail and the belief that well-considered design is essential to improving the work life of our members. Every aspect of The Commons exists to create a path for creativity and shed unnecessary obstacles, so our members can focus on their ideas.

The services we provide are centred on helping our members achieve a balanced and integrated work life. From our onsite wellness program to our dedicated quiet zones, we’re always tailoring an experience catered to our complex and diverse human needs.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/commons5.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/commons5.jpg?itok=fjbkPgr5" width="580"></a>

<figcaption>The Commons, Collingwood. Credit: The Commons</figcaption></figure>U: Do the industries you market your services to determine what you include in your design?

CH: Our designs are firstly informed by human need and secondarily by industry needs. We also do a lot of listening to our members and create amenities that they ask for. For instance, our spaces feature podcast studios, photography studios and even a Maker space, but at the core, we design with people in mind.
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Olivia Round

'The Commons' CEO Cliff Ho discusses the differences between co-working spaces vs traditional offices

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International Workplace Group’s (IWG) co-working brand Spaces has secured approximately 7,000 square metres of space across two buildings within Lendlease’s Melbourne Quarter precinct.
Spaces will occupy one floor at One Melbourne Quarter and more than 4,000 square metres over two floors at Two Melbourne Quarter.
They will also utilise the business lounge facilities in each building’s lobby as extensions of their workplace.
Spaces’ members will also have access to the precinct’s Wi-Fi enabled Sky Park.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/22/One%20Melbourne%20Quarter.jpg" alt="">
There will be over 700 flexible workstations available when Spaces moves into One Melbourne Quarter (pictured above) in May this year and Two Melbourne Quarter (pictured below) once it is complete in mid-2020.
The precinct will also be the Victorian home of AMP and EnergyAustralia, which will join Arup and Lendlease.
Spaces’ model allows customers to pay only for the space they need, scaling operations up or down to boost employee productivity in their choice of work environments.
The Lendlease managed Australian Prime Property Fund (APPF) Commercial owns One Melbourne Quarter and has a 50% joint interest in Two Melbourne Quarter with First State Super.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/22/Two%20Melbourne%20Quarter%20-%20artists%20impression.jpg" alt="">
"There is a workspace revolution underway in Australia and businesses of all sizes are waking up to the strategic and financial benefits that flexible office space can provide," said  Damien Sheehan, Head of IWG, Spaces parent company in Australia &amp; New Zealand.
"This will be the fourth Spaces co-working centre located in Victoria and we are extremely excited to be located in the new Melbourne Quarter Precinct."
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Co-working operator Spaces joins Melbourne Quarter precinct 

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Developer Lendlease has announced that it has secured International Workplace Group’s (IWG) co-working brand, Spaces at its Melbourne Quarter precinct within Melbourne's Docklands urban regeneration project.

Spaces will occupy approximately 7,000 sqm of space across two buildings comprising, one floor within the recently completed One Melbourne Quarter, and upon completion, more than 4,000 sqm across two floors at Two Melbourne Quarter, currently under construction.

As part of their tenancies, Spaces will also utilise the business lounge facilities in each building’s lobby providing extensions of their workplace with members also having access to the precinct’s wi-fi enabled Sky Park.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/mq_towers.jpg" rel="gallery-all" title="Spaces will be occupying 7000sqm across two buildings at Lendlease's Melbourne Quarter. Images: Lendlease"><img alt="" class="image-article-full-width-580px" height="404" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/mq_towers.jpg?itok=bkdniqqz" title="Spaces will be occupying 7000sqm across two buildings at Lendlease's Melbourne Quarter. Images: Lendlease" width="580"></a>

<figcaption>Spaces will be occupying 7000sqm across two buildings at Lendlease's Melbourne Quarter. Images: Lendlease</figcaption></figure>Overall, Spaces will provide 700 flexible workstations when it moves into One Melbourne Quarter in May and Two Melbourne Quarter once it is complete in mid-2020. Space will join future Melbourne Quarter tenants AMP and EnergyAustralia,and Arup and Lendlease, who have already taken occupation of their respective workspaces within One Melbourne Quarter.

According to Spaces, its model allows customers to pay only for the space they need, scaling operations up or down to boost employee productivity in their choice of work environments.

Meanwhile, construction is continuing in earnest at Melbourne Quarter with Two Melbourne Quarter's floorplates and core now well above street level and the first panels of facade now installed on East Tower. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/tmq_construction_progress.jpg" rel="gallery-all" title="Construction progress at Melbourne Quarter. Images: Urban forum member redden"><img alt="" class="image-article-full-width-580px" height="216" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/tmq_construction_progress.jpg?itok=4xDRYuIh" title="Construction progress at Melbourne Quarter. Images: Urban forum member redden" width="580"></a>

<figcaption>Construction progress at Melbourne Quarter. Images: Urban forum member redden</figcaption></figure><h2>What they say...</h2>

<blockquote>
Spaces’ presence at Melbourne Quarter will provide businesses with more adaptable and dynamic places to work. Lendlease is designing precincts with flexible workspaces that provide transport connectivity, outdoor green spaces and retail amenity in one location.

Spaces will introduce a broad range of organisations to Melbourne Quarter, presenting an exciting proposition for the precinct’s existing workforce and retailers.

- John Burton, Lendlease’s Managing Director, Urban Regeneration
</blockquote>

 

<blockquote>
There is a workspace revolution underway in Australia and businesses of all sizes are waking up to the strategic and financial benefits that flexible office space can provide.

This will be the fourth Spaces co-working centre located in Victoria and we are extremely excited to be located in the new Melbourne Quarter Precinct. This year, the growth of flexible working is predicted to rise across Australia, as more office-based activity is demanding greater choice and flexibility in the workplace, for businesses, organisations and their employees.

- Damien Sheehan, Head of IWG, Spaces parent company in Australia &amp; New Zealand
</blockquote>

 

 
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Laurence Dragomir

Lendlease welcomes co-working operator Spaces to Melbourne Quarter

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GUEST OBSERVATION
Cities are seeing a growing number of shared working, or co-working, spaces. They include spaces where individuals and businesses can flexibly rent desks or rooms, or do shared work in “third spaces” such as libraries and cafes.
Co-working spaces offer a range of benefits and risks to the local economy. Our research looked at the role policy-makers, regulators and city planners can play in ensuring that these spaces make a positive contribution to our cities.
We found shared work spaces emerging in regulatory voids left by outdated policy frameworks. To exist, they are relying on the forward thinking of local innovators seeking to revitalise urban centres.
Types of spaces
Shared work spaces vary by the type of work they facilitate, from knowledge work (such as IT and professional services) to small-scale manufacturing. Some are purpose-built for co-working, whereas others (such as cafes) are informally used as such.
Some also target particular markets by offering additional services such as a crèche for childcare, seminars for professional development and events for networking.
Shared working spaces also differ in their models of ownership. These range from privately owned and managed, to government subsidised and cooperatively managed community resource centres.
<img src="https://images.theconversation.com/files/217491/original/file-20180503-153884-q4pery.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Pubs, such as this one in London, can become informal shared work spaces. Carey Curtis
The ownership and funding of individual co-working spaces may also change through time, as they may receive new sources of government funding, attract new types of clients or relocate to new facilities.
What are the benefits?
There are many potential benefits for sharing a working space, including access to common spaces, equipment, tools, and technologies. Some people may only need a space for a few hours a day or on one occasion for a special project, so they can hire spaces in desirable locations without high rental charges.
Shared working spaces also offer social benefits through greater opportunities to interact, network and collaborate with like-minded workers.
A co-working space can be a good use of unused spaces in buildings and be birthing places of new enterprises. They can also support local businesses by hosting large groups of potential customers.
And they may afford people a place to work closer from home, reducing the need for long commutes.
What are the downsides?
Big players in the sharing economy – such as Uber, Lyft and Airbnb – have had a disruptive effect on existing markets by reducing opportunities for less advantaged people and workers in the market, and confusing regulators.
A similar scale of disruption may be on the horizon with the rapid growth of big players in co-working spaces such as WeWork. These could threaten existing shared work spaces by absorbing customers and competitively leasing out available buildings.
Shared work spaces could potentially contribute to the gentrification of older neighbourhoods by pushing up the price of real estate, and displacing established small businesses and residential tenants.
Co-working spaces has also been seen as representative of an increasing casualised workforce, as such spaces may host short-term contractors doing work that was previously performed by full-time internal staff members.
What we found
We analysed planning and economic development policy and interviewed founders and users of shared working spaces in Western Australia.
We identified around 20 shared work spaces in Perth and regional Western Australia. Many were in retrofitted older and under-used buildings such as an old department store, maternity hospital or converted office space.
Most founders told us that shared working spaces needed to be accessible to be viable. Many also identified the quality and intensity of activities around the area as essential to attracting workers to their space.
<img src="https://images.theconversation.com/files/217489/original/file-20180503-138586-nkkep4.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Shared work spaces can facilitate knowledge work, as well as manufacturing (like this one in Fremantle, WA). Carey Curtis
But founders identified regulatory frameworks, including land use permission controls, as significant barriers to establishing these spaces. For instance, a shared work space where people repair furniture or make jewellery could be considered as being used for manufacturing.
This type of activity may not be permitted in a disused department store that falls within a retail zone.
We found that often, local councillors and economic developers, have thrown their hat in the ring to help establish shared work spaces in their area. They would do so by helping founders secure required approvals, such as building accessibility certifications and emergency management plans.
Knowing the potential contribution of such spaces to the economy, they’ve also helped founders navigate regulations and planning controls intended for more permanent use of spaces.
But we found that town planners were rarely engaged in early conversations with shared work space founders. Planners generally didn’t identify or facilitate opportunities to host shared working spaces in unused buildings.
Planning policy documents and city planning departments didn’t actively recognise co-working spaces as a major new way people use buildings in cities.
Sharing spaces better
Technologies are creating new ways to match a mobile and flexible workforce with work spaces. This is leaving regulators to manage the impacts from the temporary uses of many shared work spaces.
City planners should be prepared to recognise and plan for the benefits these spaces bring, while minimising possible negative impacts on users, neighbours, and the broader community.
Planning strategies that seek to regenerate urban places and provide economic and social opportunities in urban growth areas will need to prompt more engagement with shared work space proponents, users, neighbouring businesses and residents, and local government divisions.
<img src="https://counter.theconversation.com/content/95923/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Shared work spaces have a positive role to play in Australian cities and regional centres. However, it seems planners are at risk of missing the boat when it comes to using shared work space to achieve more socially and economically viable planning outcomes.
Courtney Babb, Lecturer in Urban &amp; Regional Planning, Curtin University
Carey Curtis, Professor of City Planning and Transport, Curtin University
Sam McLeod, Urban Planning Researcher, Curtin University
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/co-working-spaces-are-part-of-the-new-economy-so-town-planners-better-get-with-the-times-95923" target="_blank">original article</a>.
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