Newcastle’s East End has taken a step closer to completing its massive makeover, with Iris Capital announcing it will soon begin work on the final stages of the $1 billion project.
With construction of the second stage of East End Village nearing completion, the development giant has appointed Urban Activation to oversee the sale of the final 200 apartments, worth $450 million.
The launch follows the success of the first two stages, both of which have sold out.
“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,” says 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.”
Once complete, East End Village is expected to become a vibrant urban precinct sprawling four city blocks in Newcastle’s inner-city area.
It is set for completion later this year.
The completed first stage includes the historic Fabric House, Washington House, and Perkins & King buildings which have been transformed into a retail and multi-residential precinct that is centred on the open space of Lyrique Lane.
“Stage three and four represent the final release of East End Village and will feature the most luxurious penthouses yet,” said Mr George.
“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.”
Stage three and four is a collaboration between three architectural firms, SJB, DBJ and Curious Practice – all of which won a design competition for the best achieved design excellence amongst their peers.
One-bedroom residences are priced from $750,000 whilst two-bedroom offerings are priced from $1,150,000 and three-bedrooms are priced from $2,750,000.
For more stories like this:
- Georgetown on the Crest of development
- Newcastle ripe for urban revitalisation
- A glimpse of East End final stage
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