Torbreck's neighbour update
A development proposal to construct a multi storey residential tower next door to Torbreck was put on hold last year – a decision which proved to be the right one. The site has been held by the family of one of Highgate Hill’s long time residents for generations and the plans to build were in place until their joint venture partner, Gold Coast based developer Raptis Group, hit financial trouble.
Latest news is that creditors have approved a plan to get troubled Raptis Group back on its feet. The group went into voluntary administration under BRI Ferrier in January after a number of its major developments went bust, including the $700 million Hilton Hotel site in the heart of Surfers Paradise. The Dornoch Terrace site is a landmark project for Highgate Hill, a once in a generation opportunity.