CABE has sold more than 60% of Stage One of its $500m East Side Quarter development in Penrith before the official launch. The 6.5ha urban village is adjacent to Penrith Leagues Club and the sales included a record for Penrith when a $950,000 three-bedroom penthouse was bought off the plan.
Luxury lifestyle communities for the over-50s has exploded over the past few years, with many developers taking the opportunity to change the face of the retirement sector. CABE is one developer that has expanded its range of residential projects by releasing a premium Sydney collection of apartment homes, exclusively for the over 5os market. Watersedge is positioned on the coveted Pittwater’s foreshore in the Sydney suburb of Bayview on Sydney’s Northern Beaches. CABE Managing Director, Lou Zivanovic said the launch of Watersedge at Bayview is a unique offering for the over 50s market which traditionally comprises of higher density projects. CABE’s Watersedge at Baysview[/caption]“Making the decision to downsize doesn’t mean that buyers have to compromise on size and design. Watersedge is an opportunity to secure a beautifully appointed apartment home that still offers spacious living and entertaining areas, as well as a design that speaks ‘luxury’ and ‘high-end,” Mr Zivanovic said. Far from a retirement home in a traditional sense, Watersedge at Bayview is designed to set new benchmarks in over 50s living. Designed by the renowned Lesiuk Architects, the project has been created to offer high-end luxury with an eco-friendly design sensibility and a focus on low-maintenance living. CABE’s Watersedge by Baysview[/caption]Developer Halcyon is another developer set on capturing the over 50s market with their Vision community on Queensland’s Hope Island and Halcyon Glades at Caboolture. Vision by Halcyon[/caption]The $60 million Vision development comprises 88 homes with Halycon joint managing director Bevan Geissmann has responded to the baby boomers’ desire to downsize their financial commitments while upsizing their lifestyles. “Our communities are tailored to maximise lifestyle while offering no exit fees and the opportunity to secure solid capital gains,” he said. Designed by DC8Studio, Director Riccardo Rizzalli said there was a focus on ‘retreading’ rather than ‘retiring’. “Our approach goes beyond the design of the dwelling and integrates it with the design of the community realm to create a stronger and more cohesive design outcome,” Mr Rizzalli said. “We brought this approach to both projects and made modifications to the masterplans that created designs that will grow with the community and help create a truly better place to live.”Dr Geissmann said, “Today’s baby boomers have high expectations for their retirement lifestyle, so location and design of the home are both vitally important. “As a developer of over 50s communities our focus weighs heavily on these aspects. “It’s why we invest a lot of time into researching market trends, finding the right sites, developing masterplans and creating homes that respond to the needs of modern seniors.”Pradella Property Ventures and their award-winning Seachange Village Arundel and Seachange Village Emerald Lakes is another developer that is leading the charge with five-star over 50s living, only recently taking out a UDIA award in seniors living category. Pradella Property Ventures’ Seachange Village Arundel[/caption]Seachange Village Arundel Project Director Phil Goodman said the developer’s original vision was to create a community that would allow its residents the opportunity to enjoy the best time of their lives. “The Seachange vision was to create a community that would allow them to make it happen,” he said. “We are extremely proud of what we have delivered at Seachange Village Arundel. Not only is the development a unique offering for the over 50s demographic, but the quality of construction and design is outstanding.”Integral to the Seachange Village Arundel lifestyle is the world-class Country Club, just a short walk from any home in the development. Luxury facilities include dining areas, club lounges, games rooms, a library, bowls club, seven championship bowling rinks, 32-seat cinema with tiered seating, craft room, workshop, two floodlit tennis courts, indoor heated pool and outdoor lagoon pool, spa and gym, sauna, steam room, wine room and dance floor. Pradella Property Ventures’ Seachange Village Arundel[/caption]“We are catering to an increasing segment of Australia’s population who demand very specific housing, so recognition from UDIA has provided a strong endorsement of the vision we set out to achieve,” Mr Goodman said. View the full article here.
Read More
A new urban lifestyle village is coming to Penrith with ESQ 1818, the residential quarter of the Penrith Panthers’ Entertainment Precinct, receiving approval for stage one of its $500 million development. The development from Sydney developer CABE will feature 850 apartments plus retail, lake frontage, communal spaces and landscaped boulevards, nature walks and running tracks. CABE CEO Andrew James said it will be the first of its kind for western Sydney. “ESQ 1818 will become the residential quarter of the Penrith Panthers’ Entertainment Precinct,” he said. “East Side Quarter references the site location East of the Nepean River and East Side of the Lakefront and Penrith Panthers – creating an important lifestyle activation and connection into the town centre and Riverwalk Link. “The project will create a vibrant urban village on the door steps of the Penrith Panthers’ Entertainment hub.” Mr James said the new development would be of international standard. “ESQ 1818 will offer world class amenities, from the retail and lake frontage to the communal spaces, landscaped boulevards, nature walks and running tracks,” he said. Maintaining space between the buildings means views of the lake and Blue Mountains was essential for the development, with 50 per cent of the site allocated to landscaping, creating a green oasis for residents and the broader public. “The Blue Mountains is a Sydney icon,” Mr James said. “The natural attraction and fantastic backdrop is a direct visual connection to nature. It is our vision to create a village atmosphere bounded by parkland and landscaped boulevards. “Our landscape designers, Oculus, known for their work in both Barangaroo and the Central Park Development in Sydney, have been commissioned to realise this vision.” With one, two and three bedroom apartments on offer, the site will provide not only additional homes for the growing region, but a new vibrant and luxurious lifestyle currently missing from Penrith. “We believe space is the ultimate luxury,” Mr James said. “In addition to the amenities this project will deliver in the heart of Penrith’s entertainment precinct, we also have plans for a future eat street as well as resort-style living with wellness retreat, private club, dining and exclusive entertaining areas.” ESQ Stage One is scheduled to launch in the second quarter of 2018. Read the full article here.
Read More
Local Penrith builder Astina Group has been awarded the contract to build all 152 apartments in Stage One of the East Side Quarter urban village development next to Panthers. Construction has now commenced.
Read More
PENRITH Apartments more than half have pre-sold APARTMENTS in a major residential development set to transform Penrith are selling like hot cakes – even though they haven’t hit the market yet. These off-the-plan units will form a monumental $500 million project known as East Side Quarter, which will see 11 buildings sprout in Retreat Ave, ranging from four to 15 storeys. In addition to panoramic views of the Blue Mountains, the new estate will offer a resort-style pool deck, play areas for children and a retail laneway. Neighbouring the East Side Quarter site is the Penrith Panthers Leagues Club and entertainment precinct. For this reason, the idea was pitched to the Panthers board and has since been welcomed, according to Andrew James, chief executive of developer CABE. Mr James said all club members were offered an early chance to snap up stage one’s 152 units. “We have gone out to them over the past week and in that time we have had over 50 per cent of the apartments pre-sold. The local market has been crying out for this level of development,” he said. “There has been a healthy mix of buyers but downsizers have certainly shown strong interest.” The units are a mix of one-, two- and three-bedroom designs and start at $400,000. When finished, ESQ will span more than 6.5ha. There will be 850 units and 3500 sqm of retail. There will also be a lakefront dining precinct, wellness centre and regional play areas. The units will officially hit the market next month. Caption Text: East Side Quarter is a monumental $500 million residential project coming to the heart of Penrith.
Read More