THE $1 billion East End Village project in Newcastle is set to commence its third and fourth stage which will see a transformation of the Newcastle CBD.
Iris Capital with its visionary developer and rich lister Sam Arnaout will launch the $450 million final stages following a successful opening to the project.
The first two stages have both sold out, with the second stage currently close to completion.
East End Village is a multi-award winning project and also Newcastle’s biggest rejuvenation project.
It will form a modern urban precinct set across four city blocks in the inner-city area. The five buildings will incorporate original heritage architecture while delivering a blend of residential, retail, entertainment and dining to the city’s heart.
Highly-reputable independent project marketers Urban Activation have been appointed to bring the final 200 apartments to the market. Their appointment takes their project marketing portfolio to over $1 billion.
“The “East End Village has been one of the most significant urban renewal developments ever undertaken in Newcastle, delivering a step change for the city and leveraging off the massive infrastructure spending program that has revitalised the inner city in recent years,” said Urban Activation director Matt George.
“We’re thrilled to be working with Iris Capital to bring the final two stages of East End Village to the market which will include some of the most exclusive residential offerings of the entire development.”
Stages three and four have been designed in collaboration between a trio of architecture firms – SJB, DBJ and Curious Practice. All three won a design competition for the best achieved design excellence amongst their peers.
“Stage three and four represent the final release of East End Village and will feature the most luxurious penthouses yet,” George said.
“The open floorplans unfold onto a private balcony towards one of Newcastle’s many sights including the harbour foreshore, ocean horizon, or verdant hilltop grounds of Christ Church Cathedral.
“East End has proved popular with local buyers, both downsizers and upsizers, who want to live in the transformed CBD. We expect this trend to continue in the final two stages.”
One-bedroom residences are priced from $750,000 whilst two-bedroom offerings and priced from $1,150,000 and three-bedrooms are from $2,750,000.
