Growth approval lodged for $150m riverfront growth with solely 22 properties

Growth approval has been lodged for a luxurious condominium tower in St Lucia, providing simply 22 riverfront properties for the status property market.

‘Silk’, deliberate for building at 16-18 Sandford St, St Lucia, will function half and full-floor models for these high-end residing close to the CBD.

A $150m riverfront growth of twenty-two properties is coming to St Lucia, named ‘Silk’ by builders at GRAYA.

Developed by GRAYA, the venture is estimated to be valued at $150 million, geared toward cornering the shrinking marketplace for riverfront properties in Brisbane.

The constructing will probably be positioned at a bend within the Brisbane River, overlooking Orleigh Park on the alternative facet of the water.

Promoting is being geared in the direction of native downsizers, with a need for long-term properties in lower-density areas.

Every unit will probably be both a half of full-floor residence, marketed in the direction of downsizers wanting handy residing close to town.

GRAYA co-founders Rob and Andrew Grey stated they felt assured in Brisbane’s premium condominium market because of persistently excessive gross sales exercise.

GRAYA Director Rob Grey stated the corporate had been inspired to give attention to Brisbane’s premium condominium market because of current excessive gross sales site visitors within the sector.

“True riverfront alternatives in St Lucia are exceptionally scarce and more and more tough to duplicate,” he stated.

“What we’re seeing now could be a transparent shift towards bigger, extra everlasting residences that supply the dimensions and privateness of a personal dwelling. Consumers on this market are usually not on the lookout for typical condominium product, they’re in search of longevity, design high quality and a way of permanence.”