Venture a family affair
By REN LANZONrlanzon@gladstoneobserver.dyndns.org
MARK Rogers' decision to set up his $14 million Park Avenue Estate in Witney Street was prompted nearly as much by having family here as through investment research.
The estate is the project of Platinum Properties of which Mr Rogers is managing director.
Yesterday Mr Rogers said construction work on the 45 garden homes, executive gated community development at Telina, was expected to begin in the second quarter of this year with total completion of the two-staged project to occur by the middle of next year.
"We have already secured contracts for 38 of the 45 three or four bedroom units which were created to offer not only lifestyle but also creativity and diversity,'' Mr Rogers said.
He said the development offered potential buyers the choice of 10 individually tailored two-storey floor plans.
Mr Rogers said the generous land space of each lot set the project apart from other town house developments in Gladstone.
"Most residences offer a terraced area suitable to secure boat storage and outdoor entertainment.''
He said the various dwellings occupied only about 25 per cent of the total area of land occupied by the estate.
"Effectively 75 per cent of the total site area is given over to landscaping.''
Mr Rogers said he was quite familiar with Gladstone because he had family in the area, including one who is a builder.
"But before we made our decision to take on this project, we undertook 12 months of research of investment potential and infrastructure.''
He said Platinum Properties also had other investments in mind for Gladstone, including a major foreshore project.