Punt Hill Serviced Apartments – Flinders Lane, Melbourne
Punt Hill Serviced Apartments had been issued a Council Building Notice to rectify significant fire safety, accessibility and façade structural defects. Haber Associates were engaged to manage the rectification and refurbishment of the 60-room apartment hotel, the street-side retail tenancies, in addition to restoration of the façade. The brief was to maintain 80% uninterrupted hotel operations at all times whilst revitalising the hotel, upgrading the interior public spaces and replacing all services to comply with current building and accessibility regulations.
A significant Heritage Overlay covers the building. The six-storey façade to Flinders Lane and Degraves Street pre-dates the First World War. Therefore the refurbishment had to be sensitive to heritage, yet a sufficiently bold new image to create a revitalised street presence and backdrop to the cafes and retail concessions on the ground floor.
In addition to the challenge of replacing lifts and fire services and upgrading all fire compartment separation concurrently with an operating hotel business, the decorative two-street render façade required extensive repair to remove the risk to street safety for pedestrians. By sourcing a high-tech, chemical and mechanical bonding solution, the otherwise prohibitive cost of this work was substantially reduced.
Our client, the owners corporation manager was but one amongst many stakeholders including a separately managed retail owners corporation, the hotel operator, thirty four unit investors and six shop tenants. Most unit owners were ‘mum and dad’ investors with limited financial resources. Stakeholder management for this project was the key to its eventual success.
Our task included sourcing construction funding for the works. We were able to negotiate a competitively priced initial unsecured facility of $2.8mil plus a second unsecured tranche of $2.0mil for the Owners Corporation.
An additional commission was for the design, feasibility and planning approval for an additional level to the hotel. Now approved, the project is however yet to be constructed.
ROLE and CLIENT
Role: Development Director, Project Manager & Superintendent
Client: Owners Corporation No 33218101 & Cararn Pty Ltd
SCOPE OF SERVICES
Direct the legal and regulatory cases;
Manage authority negotiations;
Tender and appoint all consultants;
Design manage the remediation works;
Feasibility analysis, budgets and cash flows;
Develop operational plan for construction process and manage to limit revenue loss;
Project manage through construction;
Superintendent under the contract.