Designed by Koichi Takada Architects and developed by Sydney-based property developer Icon Oceania, the eight-storey 18 apartment ‘Calibre’ aims to be an "oasis in the city’s heartland fringe".
Icon Oceania and Koichi Takada intend to achieve this through a design that draws inspiration from local landscapes, utilising an aspect that faces the Sydney City skyline and located within a well-connected suburb that is occupied by a younger demographic of buyers.
Located at 10-14 Cooper Street Surry Hills, the recently approved development features a mix of residential with around 1200m2 sq m of ground level retail.
The Surry Hills located development was approved in April 2017 and is currently awaiting to commence construction in November, scheduled for completion in early 2019.
Calibre comes on the back of an expanding portfolio by Iconic Oceania who earlier this year acquired two mixed-use buildings in Sydney’s Chinatown precinct for $21.35 million.
The development is currently 60% sold with the 91m2 sub penthouse selling for $2.65 million. Teaming up with Icon Oceania and Koichi Takada on Calibre are JBA (planning), CBRE (marketing), NAB (financing) with a builder yet to be confirmed.
"Leading lines, luxurious details and tactile appeal, Calibre’s message is one of effortless simplicity. Intelligent planning and floor-to-ceiling glazing really work to bring the outside in. Slatted screening and barely-there glass create both openness and privacy.
"Natural textures and hues make these tranquil apartments supremely restful with generous and elegantly crafted details." the architect said.
Calibre is located in close proximity to the area's new light rail and an array of bus networks connecting to the City, East and beyond. It is walking distance to UTS and the University of Sydney, and close proximity to Prince Alfred and Centennial Park.
Suburb profile: Surry Hills
Surry Hills is located 2.2km from the Sydney CBD. The suburb covers a large socio-economic range and is known for a strong sense of community. Surry Hills has a mixture of residential, commercial and light industrial areas. It remains Sydney's main centre for fashion wholesale activities, particularly on the western side.
According to data collected on realestate.com the demographic of residents in Surry Hills is predominantly younger with a near-even mix of independent youth and young professionals.
Realestate.com also report that the median apartment price is currently around $825,000 with renters expected to pay a median of $625 per week.
Data indicates that median property prices in Surry Hills continues to grow with an $818,750 2016 median unit price.