There will be 476 one-, two-, and three-bedroom apartments designed by Woods Bagot in the collaboration between the property developer, co-founded by Luke Berry, and Phoenix Property Investors, directly above the newly-opened Crows Nest Metro Station, 5km north of Sydney’s CBD.
Cushman & Wakefield has been appointed to sell the completed Build to Rent (BTR) asset which will include approximately 60 units designated as affordable housing for frontline and key essential healthcare workers.
It will integrate wellness amenities and communal spaces designed for community connection. The amenities earmarked for Stage 2 include an innovative health & wellness centre, golf simulator, co-working space, cinema, rooftop bar, pool, and music rooms.
Third.i Group said Stage 2 at Hume Place is already attracting significant interest from international institutional capital looking to acquire the completed asset.
Stage 1 Elevate, which is 130 residential apartments, drew nearly 6,000 leads and over 300 appointments during the opening weekend. The 25% of Australian passport-holders interested included downsizers and the marketing mentions “over 55s”. 25% interest was from Asia with the remaining 50% investment-focused buyers, particularly from Singapore and Hong Kong, drawn to the project’s strong rental returns prospects.
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