Construction works on a four-storey residential development at 191 Stratton Tce, Manly have been paused and the project will likely be delayed until issues are resolved.
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The 43-unit residential development, which is a project of DeMartini Fletcher, is due for completion by the end of 2022. However, it may not be open until December 2023 after the pandemic impacted the costing and availability of supplies for construction.
DeMartini Fletcher revealed they needed to discontinue the works to regroup and solve the issues following the dramatic increase of prices in building supplies such as steel and aluminum. Prices increased by the second half of 2021 due to the supply chain disruptions brought by the Covid-19 pandemic.
The CBD-based developer admitted that the huge increase in supply costs had a big impact on projects like 191 Stratton, and that it would increase the total project cost by almost 35 percent. The estimated cost of the project is already around $25 million.
Once the costing issues are resolved, works at the site will likely resume by the second quarter of 2022 for a 15-month construction process. They have only done some site preparations and no major works have been started so far.
Prior to the issues the developers are currently facing, works have been delayed following issues with some locals, but the developer agreed to tweak certain elements of the designs and lower the number of units and retail space.
The developer has already held the sold-turning ceremony for the residential project in November 2021 in partnership with Rork Projects. The proceedings were hosted by Demartini Fletchers Development Manager, Tony Dwyer with the official sod turning being undertaken by the Managing directors of both companies, John DeMartini Senior and Brian O’Rourke.
191 Stratton’s amenities include a resort-style pool, BBQ area and wellness gym. A rooftop recreation deck boasting stunning bay views is also available for all residents.
DeMartini Fletcher is behind some of well-known residential projects in Brisbane, including Enclave Wynnum and V Clayfield.