Howard Smith Wharves and Manly Wharf set for $620M upgrade
Sydney’s Manly Wharf and Brisbane’s Howard Smith Wharves are set for a $620 million revamp.
Artemus Group, founded by Adam Flaskas and Paul Henry, has grand plans to transform the assets into bustling tourist destinations. The group submitted redevelopment plans for each site to the respective authorities last week.
Plans show a $500 million price tag for a 77-room boutique hotel, a riverside pool, retail space and a theatre hall designated for Howard Smith Wharves.
The pool will take most of the expense.
Meanwhile, $120 million will be spent on the Manly property, which will include replacing the abandoned supermarket with a microbrewery and a pub as part of a longer-term $120 million redevelopment.
“We’re only just getting started with Manly, but if you look at that location, it is just one of the most glorious pieces of property and Brisbane has got its own version with the Howard Smith Wharves,” Flaskas told The Australian Financial Review.
“We see opportunities to make all the spaces better and really understand what the community is looking for so it all complements each other, they don’t cannibalise each other.”
Artemus Group, which changed its name from HSW consortium, took ownership of the leasehold for Howard Smith Wharves in 2014. The first stage of redevelopment began in 2019, but was held up by a stoush between the state government and Brisbane City Council over the potential for flooding.
Flaskas believes that the success of Howard Smith Wharves has provided Artemus with a strong blueprint for revitalising the historic Manly Wharf, following the company's $110 million acquisition of the site's leasehold and hotel in May last year.
“It’s been really good to see the excitement of the community to our investment into the wharf. There are certain things, such as the toilets to the precinct, which has been something that’s been mostly talked about,” Flaskas said.
“You think it’s a simple thing, but it’s these small things that they want when we first reached out to the community for feedback.”
Jonathan Jackson, 30th September 2024
Sydney’s Manly Wharf and Brisbane’s Howard Smith Wharves are set for a $620 million revamp.
Artemus Group, founded by Adam Flaskas and Paul Henry, has grand plans to transform the assets into bustling tourist destinations. The group submitted redevelopment plans for each site to the respective authorities last week.
Plans show a $500 million price tag for a 77-room boutique hotel, a riverside pool, retail space and a theatre hall designated for Howard Smith Wharves.
The pool will take most of the expense.
Meanwhile, $120 million will be spent on the Manly property, which will include replacing the abandoned supermarket with a microbrewery and a pub as part of a longer-term $120 million redevelopment.
“We’re only just getting started with Manly, but if you look at that location, it is just one of the most glorious pieces of property and Brisbane has got its own version with the Howard Smith Wharves,” Flaskas told The Australian Financial Review.
“We see opportunities to make all the spaces better and really understand what the community is looking for so it all complements each other, they don’t cannibalise each other.”
Artemus Group, which changed its name from HSW consortium, took ownership of the leasehold for Howard Smith Wharves in 2014. The first stage of redevelopment began in 2019, but was held up by a stoush between the state government and Brisbane City Council over the potential for flooding.
Flaskas believes that the success of Howard Smith Wharves has provided Artemus with a strong blueprint for revitalising the historic Manly Wharf, following the company's $110 million acquisition of the site's leasehold and hotel in May last year.
“It’s been really good to see the excitement of the community to our investment into the wharf. There are certain things, such as the toilets to the precinct, which has been something that’s been mostly talked about,” Flaskas said.
“You think it’s a simple thing, but it’s these small things that they want when we first reached out to the community for feedback.”
