Tuesday, May 22, 2007

Exciting building projects

The committee dreaded by all management and staff, that is the body corp committee of our building has a couple of projects underway. The dreaded committee is one of the reasons why this is one of the best run highrise residential buildings in Melbourne, and I don't say this lightly.

One is the refurbishment of the foyer. While people still stop and gaze in, it is looking dated and stylistically showing its almost nine years. Ideas have been thrown around and a couple of companies have been requested to submit some plans.

The second and more interesting item is what is happening in the basement. The area has some walls but only wide openings without doors. Its size is almost the full footprint of the building and apart from a couple of sump pumps, is empty. It was used as a lunch area by the building's construction workers, hence the air con unit still in situ.

The plan is to install thirty storage cages for the use of residents and fifty two more single bike racks. Presently there is storage for about forty bicycles in two different areas. These are both full to overflowing. These would remain as well as the extra ones added.

The storage cages would be around 5.5 metres square and available for rent at somewhere between $10 and $15 per week. Going by other buildings, they will quickly be taken up (and filled mostly with absolute junk).

There will be drainage modifications to make. The lighting is minimal and needs to be upgraded. Ventilation is poor so two exhaust fans and a mesh door need to be installed.

The cost has already been quoted at around $50,000, although other quotes are being obtained. If all the cages rent, this amount will quickly be repaid in two to three years. From thereon, the income will subsidise the body corporate fees.

I am just wondering if thirty is enough and why not go for forty, one third of the number of apartments, assuming there is enough space.

Unlike in a private dwelling, things like this move at bureaucratic pace here. But slowly it is all happening.

1 comment:

  1. You haven't seen slow until you see our Depot Amenities Fund...of which I am President!