Apartment glut starts to hit home

first_img805/43 Ferry Road, West End, on the market in Pradella’s Breeze for $988,000. Brisbane’s skyline has changed in the past two years.Mr Pradella had told the Brisbane City Council CEO that “due to current residential market conditions the construction of the final stage is yet to commence … Accordingly we are seeking an extension to the currency period of 48 months until 24 December 2022 and a permissible change to amend the completion date for the development.” Mr Fry said “I wrote a letter to Kim Pradella personally and they took 13 weeks to reply. Now I will be paying rent for another few years. It’s really disappointing, especially the lack of communication. It’s the first time I’ve ever bought a unit, I’m 60 years of age. This is very poor form from a company that raves about how good they are.”Neither Mr Pradella nor his marketer Peter Robertson from Position Property would comment on what buyers were being told. Development manager Brett Lentz said in an emailed response to queries that “construction is scheduled to commence in the first quarter 2018 completing in the second half of 2019”.A Brisbane City Council spokesman said approval period extensions were “allowable under State Government planning law” and take into account changes that have occurred since the original application.“The extension to the approval period that Council grants can vary, although are generally for between one and four years,” he said. “There is no provision under State Government planning law for parties to notify future buyers about changes to development approvals.” FOLLOW SOPHIE FOSTER ON FACEBOOK FREE: GET THE COURIER-MAIL’S REALESTATE NEWS DIRECT TO INBOX Buyer Stephen Fry at the site of Pradella’s empty Breeze site. Picture: Adam HeadHUNDREDS of buyers could have as much as a four-year wait for their new apartments, and some residential projects may not go ahead at all as Brisbane’s unit market begins to bite.Already one of Queensland’s richest developer family firms Pradella has postponed a major apartment project, after asking for a four-year extension from Brisbane City Council. The state government opened the door to developers postponing projects by as much as four years after it amended existing land laws to permit the hefty extensions.Latest industry reports estimate it will take more than two years for developers to sell off apartments that are currently on the market in inner Brisbane, with 45 per cent of projects in the development pipeline also on hold.With sales volumes dropping off a cliff, buyers who’ve already paid deposits — like Stephen Fry in Pradella’s Breeze — have been left in the lurch. Mr Fry struggled to get answers from Pradella and its marketers Position Property for the better part of this year as to why the site was still bare earth.“I certainly wouldn’t have bought there if I knew there was any sort of hint that they wouldn’t build in time,” he said. “I went out and bought furniture thinking I’d be moving in November.”He was shocked when shown a document signed by Pradella head Kim Pradella asking for a four-year extension in April this year — which council granted. More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours agoPradella’s new date to begin Breeze construction is January 2018.last_img read more

JADCO appeal against Andre Russell withdrawn after failed procedures revealed

first_imgTHE Jamaica Anti-Doping Commission (JADCO) has withdrawn its appeal against the length of the ban imposed on West Indies cricketer Andre Russell because of an internal procedural error by its executive director Carey Brown.This was disclosed on Monday during a press conference hosted by chairman of the JADCO Board, Alexander Williams.The decision to withdraw was made after consultation with Jamaica’s Attorney General.However, despite the foul up, Brown maintains the full confidence of the board, Williams said as he addressed journalists gathered in the boardroom at JADCO in Half-Way Tree in Kingston.Andre Russell, one of the best T20 all-rounders in the world, was banned for a year in January after an independent disciplinary panel found him guilty of an anti-doping violation in 2015.Russell had failed, on three consecutive occasions in 2015, to notify JADCO as to his location for possible drug-testing. Russell was warned about the breaches, and asked on each occasion to explain his filing failure and he failed to do so.JADCO appealed the length of the sentence but earlier Monday that appeal was withdrawn. Russell’s attorneys also withdrew their appeal of the one-year sanction before an appeals panel at the Jamaica Conference Centre in downtown Kingston.According to Williams, the executive director may have misunderstood, a change of procedure introduced following a visit of officials of the World Anti-Doping Agency (WADA) in 2013.“In 2013, WADA officials visited Jamaica to see how JADCO was functioning, and WADA came to the decision that changes had to be made to the structure of JADCO and indicated that there was a need to set out the role and functions of the members of the commission, and that of the executive director,” Williams said.The decision, Williams explained, led to the repeal of the Anti-Doping Sport Act of 2008, under which JADCO was formed and the Anti-Doping Sport Act of 2014 introduced as its replacement.The main idea behind the change was to ensure that there was no undue interference by what is now the board of the commission with the role and the function of the executive director.“I think, though, that it is fair to say that there was a misunderstanding about what the new law prescribed. While it is true that the board of the commission is not responsible for doping control, we are nonetheless required by law to monitor the administrative operations, which must include doping control, and, indeed the executive director is to have regard to the advice and recommendations given to him by the board,” the chairman said.“While the board of the commission has no authority to interfere in complaints, the WADA Code, and JADCO’s own rules both require that before an appeal is commenced, a post-decision review should be undertaken and it is now determined by the board that this should be done by the executive director in consultation with the board.In this case, involving Mr Russell, the simple fact is that there was no consultation with the board of the commission by the executive director prior to the appeal being lodged.”Subsequent to this situation, the board has decided that the board would be notified of any complaint being lodged to the Independent Anti-Doping Disciplinary Panel and that, prior to any appeal being pursued, the executive director must seek and obtain the approval of the board.(Spotsmax)last_img read more

Kessler, Williams “ready to go” for Saturday

first_imgFollowing USC’s 52-13 win over Fresno State in their season opener, the No. 14 Trojans are preparing to take on No. 13 Stanford in Palo Alto, California this Saturday.Sigh of relief · All-American defensive end Leonard Williams rolled his ankle during Tuesday’s practice, but will play against Stanford this weekend. Williams had seven total tackles and an interception against Fresno State. – Ralf Cheung | Daily TrojanReady, Set, Go!All eyes were on USC’s two injured captains at Wednesday’s practice.Redshirt junior quarterback Cody Kessler fully participated in practice after sitting out the day before with a toe injury, but junior defensive end Leonard Williams was unable to practice and wore a tie-up ankle brace after rolling his ankle on Tuesday.When asked about his two leaders, head coach Steve Sarkisian said that both players are “ready to go” and assured all that they would both be able to play on Saturday.Fighting Speed with SpeedA lot of the attention this weekend will be on the explosive offense of Stanford, who beat UC Davis 45-0 last weekend, and how USC will react after running a Pac-12 record 105 plays during its rout of Fresno State.When asked about fighting fire with fire, freshman wide receiver-cornerback Adoree’ Jackson emphasized the mindset it takes.“It’s about doing the little things: playing smart, staying focused and not getting any dumb penalties,” Jackson said.As one of the fastest players on the team, Jackson is again expected to see playing time on both sides of the ball.“The speed that [Jackson] has matches up well defensively for us because he can really run,” Sarkisian said. “Offensively he’ll have a package for us as well.”Amid all of the focus on the speed of the two teams, Sarkisian stressed the fundamentals of defense and converting third downs.“You want to commit to defending the run, but then you know they can beat you with the deep ball to create explosive plays, which they were able to do last week,” Sarkisian said. “Efficiency on third downs is going to be something to watch closely because both of us want to extend drives and the best way to do that is converting on third down.”Just Another GameAfter a successful home opener to start off the year, the Trojans face a much different atmosphere as they head up the road for the first big test as a team aspiring to win the Pac-12 South.Sophomore safety Su’a Cravens did not seem too concerned with all the chatter around the elite matchup.“We can’t make the game bigger than what it is,” Cravens said. “It’s only week two. We’re going to approach it like we approach every game.”Cravens knows all about making an impact against Stanford, as he had a key interception late in last year’s 20-17 win against the Cardinal.Sarkisian hopes to see Cravens utilize his unique skillset again this year.“Su’a’s versatility is a real key for us in this game because he can play down in the box and be physical, and then he can be a deep safety in some of our nickel sets and everything in between,” Sarkisian said.Beat the FarmWhen the word rivalry is heard, most at USC will immediately think of a school in Westwood, California or one in South Bend, Indiana. But the rivalry with Stanford has become one of the most exciting matchups for the Trojans year in and year out.Coming off a year where unranked USC knocked off 5th-ranked Stanford, the two teams enter Saturday side-by-side in the latest AP poll — Stanford sits at No. 13 while USC is No. 14.Senior linebacker Hayes Pullard compared Saturday’s game to a test, saying the preparation done on the practice field has prepared the team for this Saturday’s matchup and that the team is itching to play.last_img read more