A MAJOR commercial development at Honeysuckle that was earmarked to address a critical shortage of A-grade office space in the central business district has been scrapped.
The Hunter Development Corporation is expected to make an announcement today about the demise of troubled Newcastle developer Buildev Group’s Honeysuckle Central project.
The Nathan Tinkler-aligned Buildev had planned to build the $55million development, but failed to stump up the $6million required to settle on the key development site.
News of the failed project comes as Buildev’s construction arm Bolkm has had its Queensland ‘‘open’’ builder’s licence cancelled.
A spokesman for Queensland’s Building Services Authority (BSA) said Bolkm’s open builders licence was cancelled on December 7 for failure to comply with an audit request.
This prohibits the company from carrying out or undertaking any building work in Queensland, including providing quotes or completing projects.
A spokesman for the BSA said that Bolkm requested the cancellation of its ‘‘medium rise’’ licence in July.
Mr Tinkler’s spokesman denied the licence had been cancelled by the BSA and said Bolkm requested it because the Queensland licence was no longer needed.
Bolkm previously did construction work at the Queensland headquarters of Mr Tinkler’s thoroughbred empire Patinack Farm, an industrial job at Emerald and office fit outs in Brisbane.
Bolkm was the subject of court action earlier in the year from Queensland’s Hohl Plumbing chasing outstanding debts.
After a request from the builder, Hohl Plumbing agreed to have the judgment set aside so Bolkm would not lose its licence.
The directors of Bolkm are Jon Mead and Buildev co-founder Darren Williams.