A $24 million residential apartment project with a focus on environmentally friendly design is set to be launched for a property in Little St, Belgian Gardens.
Plans for the 30-unit development, named Little Street Luxury Residences, include 20 single-storey apartments and 10 three-storey high-end townhouse residences on a 4892 sqm site.
Units will be priced from $495,000 up to $1.5 million.
Townsville-based development company Cable Property Developments are bringing the innovative project to the market.
M Property sales agent Martin McDonough said the directors of Cable had received numerous awards for their work and had a long-term commitment to the region.
He said the project was one of the first major unit developments to be launched in the Townsville market for some eight or nine years.
“We think the Townsville market is ready for this and that the city is on the rebound,” Mr McDonough said.
“We are bringing something new to the market that nobody has seen for some time.”
Mr McDonough said the project’s design took advantage of the site’s northerly orientation to capture cooling ocean breezes that would reduce reliance on electricity, while offering 180-degree ocean and island views just 3.4km from the Townsville CBD.
“Each residence within the development will include access to solar panels and options for battery storage, hot water supplied by heat pumps, recycled building materials, access to parking spaces wired for electric vehicles, energy efficient lighting and appliances and water efficient fittings,” Mr McDonough said.
“Little Street Luxury Residences’ blend of high-end finishes and luxury-style living with a commitment to sustainable design make this project unique for northern Queensland.”
The project will be developed over three buildings with a garden and outdoor space at the front of the property.
Units sizes range from 112 sqm to 283 sqm.
Mr McDonough said an expressions of interest campaign would be launched in the four to six weeks with construction expected to begin in late 2019.
This article was first published in www.realestate.com.au. Here is the link to the original article: https://www.realestate.com.au/news/developers-return-to-townsville-market-with-24m-unit-project/