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of Aurora & Element) as well as provide certain rights for the use and enjoyment of
common areas which support the retail trading activities.
Upon completion of Aurora, the first mixed use development delivered within the
boardwalk precinct, it was necessary to provide solutions to unanticipated problems
arising from the final determination of the businesses which were to occupy the
ground floor units. As at the outset and design of a building it is not possible to know
with any certainty what businesses will occupy the spaces, it follows that
assumptions must be made in relation to provision for access to toilets and other
amenities, which have broader consequences for those businesses (e.g. liquor
licencing).
Following registration of the development, we were successful in negotiating with
the key stakeholders of the Owners Corporation, Executive Committee and
individual commercial units, for the use of common areas to be provided exclusively
to accommodate additional toilet facilities, thereby paving the way for additional
licenced restaurants to operate in the precinct.
Further initiatives have been undertaken and agreed upon for the separation of
waste management expenses through a strata levy mechanism designed to
promote responsible waste management and recycling for a number of commercial
tenants.
Key Benefits / Outcomes
Although the precinct continues to evolve, the early success of these first
developments has created a landmark destination with lessons applicable to many
future precinct style master planned developments.
The success of the activities undertaken are evidenced by a number of points:
Successful separation of funding obligations between types of uses
Accuracy of operational budget forecasts to within an insignificant margin of
error for Aurora & Dockside
Enhancement of business and trading activities of the retail units
Streamlining of approvals necessary for commercial outcomes of units
owners and tenants
High level of education / exposure of the process across the industry