17 March 2014
Silverstone Developments has cemented its reputation as one of Brisbane's most reliable developers, with contracts taken on all 15 apartments in their new Lucca apartment complex on Brunswick Street in New Farm before the development's public launch.
"We are yet to even launch Lucca to the public, but all 15 apartments are already spoken for," said Silverstone Developments' Managing Director, Troy Daffy.
"It is a great sign that buyers are taking notice that when we say we are going to deliver a quality product in a certain timeframe, we meet that commitment," said Mr Daffy. "In fact, two of our buyers in Lucca are repeat Silverstone clients; one previously purchased an apartment in Vivid Kangaroo Point, and the other in Vertice, Dutton Park. Another of our repeat clients bought in Vivid New Farm, Vivid Kangaroo Point and Siena Milton.
"Obviously the improvement in the Brisbane market, New Farm's reputation as a desirable investment and owner-occupier location, and the hunger from interstate property investors for Brisbane stock have all contributed, but we do believe that our reputation for real development outcomes comes in to play as well. Buyers are also drawn to the combination of a luxury apartment and an affordable price tag."
Mr Daffy said his team were looking forward to bringing new stock to market over the coming months.
"With our other residential developments - Sanctuary on Oxford at Bulimba, Siena at Milton and Vertice at Dutton Park - all sold out, we were looking forward to bringing some new stock to the Brisbane market, but with Lucca we didn't even get to have a public launch!
"Fortunately we have another three of four developments we are working very hard to bring to market this year, and we look forward to unveiling these over the coming months."
Lucca will be located at 676 Brunswick Street in Brisbane's iconic New Farm, offering some of Brisbane's best restaurants, cafes and retail shops, and a major supermarket just 400m away. The building is complemented by two retail tenancies on the ground floor.
Construction on Lucca commenced in February and is anticipated to take less than 12 months to complete.
The apartments have been architecturally designed with Silverstone Developments' benchmark finishes. An open plan, architectural design creates a dynamic and flowing living space while preserving privacy of the bedroom area. In addition to the open plan design the elevated corner positioning provides for captivating views.