[U/C] 42-56 Franklin Street | ~78m | 17lvls | Office

[Will]

I wouldn't say it's on hold. Its more like the owner/developer is maximising profitability from the site until a tenant becomes available.

The term 'on Hold' should only be used when construction has actually begun on a building and it has stopped for whatever reason.

[white_goodman]

I wouldn't say it's on hold. Its more like the owner/developer is maximising profitability from the site until a tenant becomes available.

The term 'on Hold' should only be used when construction has actually begun on a building and it has stopped for whatever reason.

i concur, waiting for a tenant does not imply on hold because as soon as they get one its goes ahead...

[Ben]

Interestingly the carpark application has been ruled as non-complying. Not sure what impact this will have.

[UrbanSG]

Interesting. A non complying application basically means the applicant has to go through a more drawn out application process. It can still be approved though. It is generally a type of development considered not appropriate in a Zone or Policy Area.

The applicant has to put a strong arguement forward and if the development is refused there are no appeal rights for the applicant. If Council approves the development, the Development Assessment Commission also has to provide its concurrence.

So basically a more drawn out development application process.

[monotonehell]

I wouldn't say it's on hold. Its more like the owner/developer is maximising profitability from the site until a tenant becomes available.

The term 'on Hold' should only be used when construction has actually begun on a building and it has stopped for whatever reason.

i concur, waiting for a tenant does not imply on hold because as soon as they get one its goes ahead...

So while it's not being built, because it's waiting for a tenant, it's not on hold? That's some tenuous semantics there.

We have four codes for the approval process...
#PRO: Proposed
#DEF: Deferred
#REJ: Rejected
#APP: Approved

One code for preparation work...
#SWP: Demolition, Preparation, etc: (Site Works in Progress)
At this stage all we have is a car park or a hole in the ground. And then...

We have two codes for actual work being done...
#U/R: Under Renovation
#U/C: Under Construction

And one for when it's complete...
#COM: Completed


I'd say at any stage after the project has been approved we can say that it's either...
#ONH: On Hold
or
#CAN: Canceled...
If work is not going ahead.

[Shuz]

You learnt thy holy code! I praise thee.

[Will]

[


I'd say at any stage after the project has been approved we can say that it's either...
#ONH: On Hold
or
#CAN: Canceled...
If work is not going ahead.

The probelm with this system is how does one determine when a project goes from 'Approved' to 'On hold'?

Many projects particularlry office projects can remain on the market for quite a few years before a tenat is found and work begins.

Regarding this building, it is too premature to say that it is on hold. No announcement has been made by the developer to that effect. Just because the site is being used as a carpark does not mean the development is on hold. It simply means that it is more economical for the developer to use the land as a carpark rather than having to maintain a derelict building until a tenant is found.

We should only use the term on hold when we have credible evidence that a development is actually on hold; i.e. Hills House or the Masonic Lodge apartments.
Otherwise confusion will reign. For example on this website the project at 102-120 Wakefield Street has the same circumstances as this project yet it is classified as 'SWP'.

[Ben]

Seems this one is going to court.

From the upcoming DAP meeting Agenda:

Development Application DA/601/2006 was granted Development Plan
Consent on the 7 May 2007 for the demolition of the existing Telstra Exchange
Building and the construction of a new 17 level office building containing 6
levels of ancillary carparking with retail and cafe tenancies on the ground
level.
A request for an extension of time for this consent was subsequently received
and granted for an additional 12 month period expiring on the 7th May 2009.
On the 8 October 2007 Stage 1 of Develoment Application DA/601/2006 was
granted Development Approval for the demolition and clearing of site which
has since occurred. Demolition was granted as a separate staged approval of
the development in this instance due to the concerns that both the applicant
and Council staff had in regards to the safety of the building.
On the 13 November 2008, a Council officer inspected the site and observed
the site being used as an unauthorised open lot car park. The officer
subsequently issued a Section 84 notice which has since been appealed. The
application the subject of this report was subsequently lodged. A compulsory
conference is due to be heard in the ERD Court on 6 December 2008.

Looks like nothing will happen for atleast 18 months:

The applicant has sought the temporary use of the site for car parking for a
period of up to 18 months. The applicant has indicated that they are
currently negotiating with prospective tenants to secure sufficient precommitment
before commencing detailed design and construction of the
approved development and as such do not expect to commence the next
stage of construction for this period.

[monotonehell]

The probelm with this system is how does one determine when a project goes from 'Approved' to 'On hold'?

Many projects particularlry office projects can remain on the market for quite a few years before a tenat is found and work begins.

Regarding this building, it is too premature to say that it is on hold. No announcement has been made by the developer to that effect. Just because the site is being used as a carpark does not mean the development is on hold. It simply means that it is more economical for the developer to use the land as a carpark rather than having to maintain a derelict building until a tenant is found.

We should only use the term on hold when we have credible evidence that a development is actually on hold; i.e. Hills House or the Masonic Lodge apartments.
Otherwise confusion will reign. For example on this website the project at 102-120 Wakefield Street has the same circumstances as this project yet it is classified as 'SWP'.

If there's no construction ongoing -- then a project is on hold. Simple as that. If construction is waiting for anything -- then a project is on hold. If the site's being used as a carpark -- then it's definitely on hold.

http://www.answers.com/on%20hold

1. In a state of temporary interruption, but not disconnection, during a telephone call, as in While I was on hold, I checked my calendar for when I could schedule a meeting, or They had to put me on hold while they looked up my account. [c. 1960]
2. In a state of postponement or delay, as in When she was transferred, they had to put their romance on hold. This figurative usage is a broadened sense of def. 1. [Colloquial; c. 1970]

Once a project is approved, then it's on hold until site works commence. Then once they're finished, if actual construction doesn't quickly follow -- then it's on hold.

[rhino]

Once a project is approved, then it's on hold until site works commence. Then once they're finished, if actual construction doesn't quickly follow -- then it's on hold.

While being technically correct, this would make things very confusing within the context of these forums, as labelling a project "on hold" would give no indication of the state of advancement with the project.

[Shuz]

Uhhh... this doesn't seem quite right.

Development Application DA/601/2006 was granted Development Plan
Consent on the 7 May 2007 for the demolition of the existing Telstra Exchange
Building and the construction of a new 17 level office building containing 6
levels of ancillary carparking with retail and cafe tenancies on the ground
level.

[Ben]

Uhhh... this doesn't seem quite right.

Development Application DA/601/2006 was granted Development Plan
Consent on the 7 May 2007 for the demolition of the existing Telstra Exchange
Building and the construction of a new 17 level office building containing 6
levels of ancillary carparking with retail and cafe tenancies on the ground
level.

? ....That's the original approval back in 2007.

[Shuz]

I highlighted it in bold and italics - mentions the demoltion of the Telstra Exchange building - and if I'm not mistaken - that is the huge eyesore which fronts Waymouth Street (again, getting confused as the applications for Franklin Street - but the site is adjacent to it)

[Ben]

I highlighted it in bold and italics - mentions the demoltion of the Telstra Exchange building - and if I'm not mistaken - that is the huge eyesore which fronts Waymouth Street (again, getting confused as the applications for Franklin Street - but the site is adjacent to it)

Yeh that was demolished some months ago now. There are many Telstra exchanges accross the city but this one in question was no longer in use.

[Will]

The probelm with this system is how does one determine when a project goes from 'Approved' to 'On hold'?

Many projects particularlry office projects can remain on the market for quite a few years before a tenat is found and work begins.

Regarding this building, it is too premature to say that it is on hold. No announcement has been made by the developer to that effect. Just because the site is being used as a carpark does not mean the development is on hold. It simply means that it is more economical for the developer to use the land as a carpark rather than having to maintain a derelict building until a tenant is found.

We should only use the term on hold when we have credible evidence that a development is actually on hold; i.e. Hills House or the Masonic Lodge apartments.
Otherwise confusion will reign. For example on this website the project at 102-120 Wakefield Street has the same circumstances as this project yet it is classified as 'SWP'.

If there's no construction ongoing -- then a project is on hold. Simple as that. If construction is waiting for anything -- then a project is on hold. If the site's being used as a carpark -- then it's definitely on hold.

http://www.answers.com/on%20hold

1. In a state of temporary interruption, but not disconnection, during a telephone call, as in While I was on hold, I checked my calendar for when I could schedule a meeting, or They had to put me on hold while they looked up my account. [c. 1960]
2. In a state of postponement or delay, as in When she was transferred, they had to put their romance on hold. This figurative usage is a broadened sense of def. 1. [Colloquial; c. 1970]

Once a project is approved, then it's on hold until site works commence. Then once they're finished, if actual construction doesn't quickly follow -- then it's on hold.

So essentially all our approved buildings are on-hold?

It is un-realistic to expect that once approval is given construction will immediately begin.