How to live like a richlist developer on the Brisbane riverfront

first_imgPradella Property Ventures managing director David Pradella.THE middle of three brothers of richlist developer family, the Pradellas, has put his luxury inner-city penthouse up for rent.David Pradella, who is the managing director of Pradella Property Ventures, put his luxury West End penthouse apartment up for $1390 rent a week – a fine price considering it was built for entertaining and has sweeping river and cityscape views. 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.auDavid, who turns 60 next year, is the middle brother in the highly successful Pradella development family, sandwiched between Metroplex founder Silvio and younger brother Kim of Pradella Constructions and Developments. All three are chips off the old block – that block being father Cesare who started the Pradella legacy, creating among other buildings the Roma St Parkland apartment development. David – who has 15 properties under his own name – bought the 280sq m riverfront penthouse off his younger brother for $2.56m in 2009. 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.auThe four bedroom apartment has a gourmet kitchen kitted out with German appliances, plus a large walk-in pantry and wine fridge. It also has a media room, study, powder room for guests, separate laundry with private balcony, built in barbecue and he’s also thrown in appliances such as a coffee machine, dishwasher, washing machine and dryer.The complex has a heated 20 metre pool and wading area, private gym and theatrette, and is in the high-demand Brisbane State High school zone. Bond has been set at $5560 for the apartment, which has three garage spaces. It’s available for rent from August 25.center_img More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours ago40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.aulast_img read more

Political parties share views on marijuana prop

first_imgProposition 19, or the Regulate, Control and Tax Cannabis Act of 2010, is one ballot initiative that Californians will vote on this November that some students say does not polarize the left or right political sides.If passed, the initiative would make the possession and sale of marijuana to people over the age of 21 legal in the state.“Prop 19 affects all genders, race, classes, professions, political parties, and California citizens are coming together to support Prop 19,” said Elizabeth Tauro, leader of the Yes on 19 campaign on campus. “If nothing else, it’s something that’s going to truly affect so many people, more than the ideology of politicians.”Given the condition of California’s economy, some think the legalization of marijuana would be a good source of revenue for the cash-strapped state.“There is a huge misconception out there that Republicans are automatically against Prop 19,” said Katherine Cook, chairwoman of USC’s College Republicans. “There isn’t any hard-and-fast party line on Prop 19 for Democrats or Republicans. Many high-profile Democrats and Republicans alike oppose Prop 19, including Meg Whitman and Jerry Brown … This is not a Democrat or Republican issue.”Jonathan Brebner, president of USC’s College Democrats, agreed, noting that although many young Democrats support the proposition, Democrats in general are not more likely to be in favor of legalizing marijuana.“I know there are many people on the right who tend to have a less restrictive view on personal liberty and view this as a matter of personal liberty,” Brebner said. “There’s no significant public benefit to making the use of marijuana illegal and a lot of public benefit to legalizing it and regulating it. I think the larger element would probably be based on age.”Brebner said older voters are more likely to be against legalization than younger voters, but even this is not a set distinction.The state of the economy, more than anything, is what will affect the way people vote — and that could mean more support for the ballot initiative, Brebner said.“It could potentially be a good source of revenue at a time when we desperately need new sources of revenue and money for the budget,” Brebner said.The Yes on 19 campaign also stressed the importance of the proposition for economic growth of the state.“The campaign is going to have a huge effect on the economy today,” Tauro said. “Hundreds of millions of taxpayer dollars are being spent enforcing the failed prohibition of cannabis and it’s created a violent crime market led by international drug cartels.”The California State Board of Equalization estimates that the legal sale of marijuana could generate $1.4 billion a year in tax revenue while saving $300 million in enforcement costs. Estimates from the board show that $14 billion in illegal sales occur annually, from which the state receives nothing.Some students on campus agree that the legalization of marijuana is an issue that should be addressed.“I definitely think it should be on the ballot,” said Christopher Rivera, a senior majoring in fine arts, “but at this point, I honestly don’t know how I’m voting.”Regardless, Brebner said, Prop 19 could affect legislation across the country.“A lot of other states will be watching this closely,” Brebner said.last_img read more