Envy Apartment

April 06, 1998 | By Larry Carson | Larry Carson,SUN STAFF Dundalk residents who last month rejected a government-aided plan to renovate the Hidden Cove Apartments over fears it would cater to the poor hold out hope that a new buyer will appear and convert the 32-year-old complex into elderly housing or condominiums. But neither is likely, say a variety of county officials and real estate experts , who predict more slow decline for the unprofitable 30- acre waterfront complex in West Inverness , a densely populated community of about 2,000 brick townhouses. The $ 9 million sale price , combined with the multimillion-dollar cost to renovate or demolish the 504-unit, three- story brick complex , makes any purchase or extensive redevelopment problematic without government aid , county officials and real estate experts say. "The numbers won't crunch" for a conventionally financed deal , said county Councilman Louis L. DePazzo, a Dundalk Democrat who supported the plann...

WILL HARVIE Last updated 05:00, August 19 2017 Perth Stadium Perth Stadium and precinct should open early next year and includes many innovations in stadium design that are popular in the United States. Many of those trends could be implemented in Christchurch. Many stadium owners are struggling with the same problem. Watching a match or event from home is more comfortable, costs less and takes less effort than trooping off to the ground for a live experience. The response has been broadly similar – make being in the stadium more fun. "We focused from the beginning on building a unique fan experience ," Arthur Blank, owner of the NFL's Atlanta Falcons, said of the Mercedes-Benz Stadium that will open later this month.  Perth is building a $1 billion, 60,000-seat extravaganza that will host  AFL, rugby, league, soccer, cricket and entertainment events when it opens early next year. According to marketers, the stadium is designed for  "fan first" experiences. REA...

LAKE Macquarie is being transformed at a rate not seen for generations, with a construction frenzy spilling over from Newcastle and pushing Warners Bay and Charlestown skywards. The Lake Macquarie council area, which includes a swath of greater Newcastle suburbs and townships such as Morisset, Cooranbong and Swansea, had about 2,700 development applications worth $607 million approved in the last financial year . That is 550 more than the previous year, and an increase of 23.5 per cent. About $250 million worth of construction is underway and, while not on the scale of Newcastle’s $900 million transformation, the Lake figure is mainly private investment unswollen by major public works  like the Newcastle light rail . There is also more than $300 million worth of development in the pipeline. Among the projects attracting buyers’ interest are the $80 million Water’s Edge apartments proposed for the Esplanade at Warners Bay. If approved, Water’s Edge will take the site of a former ...