124 Commodore Drive, Paradise Waters.Gold Coast Mayor Tom Tate and wife Ruth have sold the main river mansion they picked up at a bargain price on one of the city’s elite streets. A local family splashed just under $4.5 million to secure the Paradise Waters mansion at 124 Commodore Drive.The Tates purchased the point position property in August, 2018 for $3.55 million, in what was widely considered to be a good deal. RELATED: Top end buyers splash their cash on main river Life inside a floating island palace Tech-savvy southern buyers bypass the border The two-level residence at 124 Commodore Drive enjoys a wide water position.The property changed hands in 2007 for $4 million and again in 2015 for $4.1 million.The Tates first put the holding to market in January for $4.55 million in a move designed to cash in on the $9.4 million sale of an adjoining three-lot riverfront site. Amir Prestige principal Amir Mian said a local family signed a contract for just under the asking price a month ago. “The family, who are from the Gold Coast, are looking forward to moving in,” he said. Improvements have been made on the property, pictured here in 2018.The Tates, who had freshened up the interior with new paint, carpet, window furnishings and kitchen benchtops, are on the hunt for a smaller home, Mr Mian added. More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoThe five bedroom house sits on a 1105sqm site at the end of elite Commodore Drive. Facing northeast, the plot boasts 50m of wide water frontage with a pool, manicured gardens, and a sandy beach where a jetty and pontoon cater for boat owners. Commodore Drive is regarded as one of the city’s elite streets.The main river residence is the ninth the Tates have owned at Paradise Waters since 2002, with an apartment on Commodore Drive still in their portfolio.The sale is the latest in a string of deals along main river during the COVID-19 period as buyers at the top end of town show confidence in prestige property.Mr Mian said there was a lot of movement among locals looking to upgrade their lifestyle and buy to better match their needs. “People are spending more time at home and thinking hard about where they want to live which is triggering the market,” he said.
The Sarajevo Municipality of Stari Grad should soon get a sports stadium which would be located in Faletići. The beginning of construction is planned in this year.The Mayor Ibrahim Hadžibajrić ordered the relevant services to gather the necessary project documentation as soon as possible and launch the procedure of choosing the most favorable contractor. In order to launch this procedure, it is necessary to secure the implementation project which is in the final stage. If everything goes according to the plan, the construction of the sports field shall begin in spring.“The first stage of the project, including the construction of a sports field/stadium with two locker rooms and the construction of an access road, will be implemented this year. Research conducted for the purposes of making a Strategy for youth of the Municipality of Stari Grad 2012-2017 has shown that one of the biggest issues when it comes to sports activities is insufficient number of sports courts and the lack of sports fittings at the existing courts in Stari Grad,” the Municipality Stari Grad stated.Investor of the project is the Municipality of Stari Grad Sarajevo and the value of the investment will be known upon the completion of implementation project. The contractor will be known after the tender procedure.The project envisages the stadium with a length of 110 meters and width of 60 meters. The stadium will have 3,500 seats of which 250 will be roofed and marked as VIP seats. There will also be a joint plateau with four gates, while the official entrance for VIP visitors will be separated. Accompanying rooms which include locker rooms for athletes and recreationists, storage rooms, rooms for referees and delegates etc. will be on the west side.Length of the stadium with extensions will be 116 meters and width 66 meters.(Source:klix)