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  1. 14.08.18
    Presales Success for CABE’s East Side Quarter in Penrith

    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-penrith

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  2. 07.08.18
    Selling Like Hot Cakes

    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.  

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  3. 02.11.18
    Setting Records in Penrith

    Western Weekender Penrith Penrith’s newest property development, CABE’s East Side Quarter (ESQ) broke ground ahead of schedule last month due to outstanding sales success. The $500 million development next to Penrith Panthers also announced the appointment of local builder Astina Group. With stage one of the project already 77 per cent sold, the development is outperforming all other projects in western Sydney and broader Sydney, according to agents, Colliers International and PRD Penrith. “ESQ’s sales success is a result of the strong Penrith community support for the project, with locals drawn to its lifestyle offering and vibrant urban village setting,” CABE CEO Andrew James said. “It has appealed to all buyers from downsizers, to investors and first home buyers who understand the uniqueness of the site and its offering with running tracks, lakeside dining, wine bars, entertainment, high quality apartments and landscaped areas that would cover 10 football fields.” A record apartment price for Penrith of $950,000 was achieved with the sale of a penthouse style, three bedroom apartment. Director of Residential Project Marketing of Colliers International, Blake Schultze said most purchasers have come from the local Penrith area or the Blue Mountains. “Buyers have been motivated to snap up an apartment as they understand the strong growth potential of Penrith and the western Sydney economy,” he said. The appointment of Astina Group is great news for the local economy with the full amount of Penrith’s trusted tradespeople employed to complete the development. “As we are family owned, operated and residing in Penrith, being part of such a major project for not only Penrith but western Sydney means a lot to us,” Co-founder of Astina Group, William Schrumpf said. “We’re proud to be a part of delivering a new lifestyle for our growing community and look forward to exceeding their expectations.” The stage two release is scheduled for February 2019. Visit www.esqpenrith.com.au. – Nicola Barton

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  4. 21.12.17
    Booming Over 50s Resorts Shaking Up Retirement Sector

    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.

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