Buyers exchanged contracts on more than $104 million of property in Veridian that is being developed by Capital Bluestone on land owned by the Kogarah RSL. The first release has almost sold out, with 147 out of 150 apartments snapped up by buyers.
First homebuyers, young families, investors and downsizers are among the first new apartment owners at the project.
Importantly, the strong sales mean Capital Bluestone now has enough pre-sales to go ahead with underpinning the future of the Kogarah RSL to transform it into a modern vibrant club with enhanced services for the local community. The Club will continue trading until the second quarter of next year, with development expected to start in the second half of 2016.
Veridian, a first of its kind in the area, offers a unique housing choice for the Kogarah area where residents will enjoy resort-style living, with landscaped entertainment, BBQ and relaxation spaces on the rooftop and podium levels. The rooftop terrace will also feature an exclusive owner's only space for socialising including seating areas, barbecues and a moonlight cinema.
The development includes a new 2000sqm trading floor for the Kogarah RSL, including a range of dining options such as alfresco cafes to activate the streetfront of Railway Parade.