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.
Council gives green light to more luxury units as part of East Side Quarter concept More than 300 additional apartments have been approved for Penrith’s luxury East Side Quarter residential development. Stages 2A, 2B and 3 were rubber stamped by Penrith City Council late last month giving developer CABE the go ahead to begin construction. Read the full article on page 31 here: Western Weekender 12 September 2019Read More
Targeted specifically for buyers over 55, Watersedge in Sydney’s northern beaches proves that apartment living isn’t just for young first-home buyers. Alison Cheung reports Watersedge is the latest residential project released in Bayview, with property developer CABE setting its sights on the over-55s market. The development, at 2079 Pittwater Rd, will consist of four triplebedroom units and a penthouse. With only five dwellings in total, managing director of CABE Lou Zivanovic said Watersedge will provide an alternative to offerings for the over-55s market, which are typically higher in density. “Making the decision to downsize doesn’t mean that buyers have to compromise on size and design,” Mr Zivanovic said. “Watersedge is an opportunity to secure a beautifully appointed apartment home that still offers spacious living and entertaining areas.”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
Award winning Sydney developer, CABE has just received DA approval for Stage 1 of its $500M ESQ 1818 (East Side Quarter) mixed-use development in Sydney’s Penrith. The 850-apartment master-planned development designed by the award-winning Turner Architects will feature retail, lake frontage, communal spaces and landscaped boulevards, nature walks and running tracks. Maintaining space between the buildings means views of the lake and Blue Mountains will never be built out. 50% of the site has also been allocated to landscaping, creating a green oasis for residents and the broader public. “We believe space is the ultimate luxury,” says CABE CEO, Andrew James. “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. This will be the first of its kind for Western Sydney.” “Our plans for this site meet the State Government’s vision to provide high-quality attainable housing with an array of amenities and employment opportunities near transport corridors,” he adds. “We’re looking forward to working closely with Penrith Council, community and all the precinct’s stakeholders to deliver this unparalleled mixed-use destination for Sydney’s booming West.” ESQ Stage 1 is scheduled to launch 2nd Quarter 2018. Registrations of interest are now available www.esqpenrith.com.auRead More