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.
EAST SIDE QUARTER Retreat Drive, Penrith MARISSA GEORGOPOULOS WESTERN Sydney hub Penrith is due for its biggest transformation yet – a $500 million residential development that will push the suburb to new heights. The monumental new estate known as East Side Quarter will include 11 buildings ranging from four to 15 storeys and offer panoramic Blue Mountains views, a resort-style pool deck, play areas for kids and a retail laneway. The estate will also have a lakefront dining precinct, wellness retreat and regional play spaces. The first luxury apartments will hit the market next month. Telegraph the project was the culmination of long-time planning. “We’re very excited to finally put it out to the public,” Mr James said. “All up, it is 850 apartments, 3500sqm of retail, and it will be what we’re calling the first urban village of Western Sydney as it spans more than 6.5ha. Over half the site is landscape.” Neighbouring the site is the Penrith Panthers Leagues Club. Mr James said the proposal was welcomed by the Panthers board. Club members have been offered an early chance to buy into the 152 units being made available in the project’s first release in July. “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. This shows the local market has been crying out for this level of development. “There has been a healthy mix of buyers but downsizers have certainly shown strong interest.” Each apartment will have at least one car space. The one-bedders start from $400,000. Two-bedroom units are upwards of $550,000. The threebedders are priced from $700,000. Architects Turner will incorporate stone benchtops, porcelain floor tiles and mirrored splashbacks in kitchens and bathrooms. Construction of the first two buildings will start this year, with doors set to open to residents in 2020. Visit esqpenrith.com.au Caption Text: The $500 million project known as East Side Quarter will transform Penrith with 11 buildings, 850 units and about 3500sqm of retail space. https://www.news.com.au/finance/real-estate/penrith-to-be-transformed-with-500m-development/news-story/f7a405c9e45536011e0a2f4f9adabd60Read More
CABE’s $500 million lakeside development in Penrith, East Side Quarter (ESQ), has sold more than 60 per cent of stage 1 prior to their official launch. The 6.5-hectare urban village located at the foothills of the Blue Mountains and the doorstep of Penrith Panthers’ entertainment precinct offers benchmark design and postcard views designed from the ground up to meet the needs and desires of a new generation. “A record apartment price for Penrith of $950,000 was achieved with the sale of a penthouse style, 3 bedroom apartment,” Colliers International residential project director Blake Schulze said. “Buyers were motivated to snap up an apartment as they understand the strong growth potential of Penrith and the Western Sydney economy.” Penrith is currently reshaping its future as the heart of the New West. Multi-billion-dollar infrastructure projects such as Badgery Creek are forging stronger connections to wider Sydney and building a vibrant, activated city centre. Dynamic inner-city lifestyles, growing entertainment and enterprise hubs, a second Sydney airport, significant upgrades to university and hospitals, major road networks and more are creating a blueprint for the future that is placing Penrith firmly on the global map. “East Side Quarter appeals to all buyers from downsizers, to investors and first home buyers with oversized 1 bedroom apartments starting at $410,000,” Schulze said. “The strong buyer demand has been from the local market, with buyers quick to secure their apartments due to the urban community that ESQ offers with the connection to the Panthers Precinct,“ PRD Nationwide Penrith managing director Darren Latty said. “The sales success is a true testament to CABE’s development vision and the Turner Architects’ design, appealing to owner occupiers with a strong uptake from downsizers,” he added. As Penrith’s most visionary and bold new precinct, ESQ offers an all-encompassing lifestyle and residential quarter that will excite, involve and engage on multiple levels. Architecture firm Turner is creating transformational spaces of a type and scale never before seen. The masterplan for 850 one, two and three bedroom apartments maximises amenity for residents both inside and out. The vision is for a whole new urban experience that draws strength from a charismatic relationship between nature, its built form and multi-layered public and private spaces. ESQ’s Sales Display Gallery is located on Retreat Drive, Penrith. Open from 11am to 4pm, Wednesday to Sunday, or via Private Appointment 1300 181818 www.esqpenrith.com.au https://theurbandeveloper.com/articles/presales-success-for-cabes-east-side-quarter-in-penrithRead More
Western Sydney Business Access, Parramatta, General News 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.Read More
This state has some of the most beautiful waterways in the world so it’s no wonder developers are seeing their potential. Up on the northern beaches, developer CABE is tapping into the over-55s luxury housing market with a swish offering at Bayview, on the doorstep of Pittwater’s yachting and boating playground. The boutique project of five residences is also close to Mona Vale and Newport beaches and has walking tracks nearby, including to Church Point. Prices in the eco-friendly building, designed by Lesiuk Architects, start from a cool $2.5 million. Meanwhile in the southwest of the city, construction has begun on The Paper Mill in Liverpool, whose developers are promising to spark a new era of waterfront living for the area. Coronation Property has a vision of residents strolling and cycling along the Georges River boardwalk in what it says will become a “food, local produce and beverage” hub with community facilities and cultural pursuits. The first sod at the former industrial site was turned this month after a second wave of apartments was released for sale. Another centre undergoing gentrification is the city of Newcastle, which has had an overhaul of its waterfront areas in the last decade. Sydney developer Thirdi has launched its third development in the city, a two-tower apartment block just to the west of the CBD known as WestEnd. Future residents might spot former Australian cricket captain popping in the Newcastle CBD for holiday supplies – Clarke has recently snapped up a weekender in the Johnson Property Group’s Trinity Point development at Lake Macquarie, about 50 kilometres south of the former steel city. Watersedge, 2079 Pittwater Rd, Bayview Three-beds 279-313 square metres $2.5 million+ Penthouse 457 square metres $3.5 million Strata levies From $2204.33 a quarter Due for completion December 2016 Agent CABE, (02) 8818 3600; cabe.com.au Three of the five exclusive over-55s apartments at Watersedge have already sold – including the 260 square metre penthouse, which traded for $3.5 million after initial expectations of about $3.7 million. Watersedge has been designed by Lesiuk Architects, a firm known for its Balinese design bent and eco-friendly approach. The internal look and feel was crafted by SJB Interiors. The building will employ the power of nature, with plants cascading over the exterior to give residents greater privacy and help cool the interiors in summer. CABE development manager Joe Bevacqua expects the two remaining apartments to sell before Christmas. He says the business is interested in developing more small, premium projects “should the opportunities and zonings present themselves”. WestEnd, 3-13 Charles Street, Wickham One-beds 51-60 square metres $327,500+ Two-beds 68-75 square metres $481,500+ Three-beds 92 square metres $757,500+ Strata levies From $715 a quarter Due for completion 2017 Agent 02 9409 7200; westendnewcastle.com.au The gentrification of Newcastle’s former industrial areas is stepping up with several new apartments on the drawing board at Wickham, to the west of the CBD. One of those is WestEnd, a 126-apartment offering that will be housed in two buildings ranging from nine to 10 storeys high. Wickham will be given a boost by a proposed $75 million state-government transport interchange to be built in the suburb. It will allow commuters to switch between trains, light rail, buses, taxis and private cars. WestEnd will have the Newcastle CBD on one side and the harbour foreshore and the Hunter River mouth on the other. The apartments will be close to a walking trail that stretches along the foreshore to Nobbys Beach and lighthouse past a series of restaurants and cafes. The Paper Mill, 20 Shepherd Street, Liverpool One-beds 57-59 square metres $420,000+ Two-beds 77-96 square metres $542,500+ Three-beds 95-130 square metres $700,000+ Strata levies From $600 a quarter Due for completion 2017 Agent CPC Sales, 1800 78 33 22; www.liveatthepapermill.com.au AFTER selling out of apartments on the lower floors of The Paper Mill earlier this year, developer Coronation Property has recently released 88 apartments in its river-front Liverpool offering. The Woods Bagot-designed apartments are being built where one of Australia’s oldest and largest paper mills once operated. The design will blend re-purposed 19th-century heritage-protected industrial buildings with modern apartment towers. The Paper Mill is 650 metres from Liverpool station and has buses nearby. Construction of the 29-storey development began this month. The project has proved popular with buyers. More than 500 apartments and two-level town homes have already been sold at the site, which incorporates The Paper Mill and The Bindery. View the full article here.Read More