50 per cent of the Fabric Teneriffe development has sold out during its first sales launch on Saturday July 30 with 35 contracts issued for the residential development.
The total contracts issued resulted in a sales total of over $23 million which equates to 50 per cent of the project being sold.
Pointcorp Development Director Godfrey Esmonde said the response was overwhelming for their development.
"The response today has been fantastic, we have seen real excitement from people who have been waiting for a development like this in Teneriffe. We were confident there is still a strong market in Brisbane for large quality apartments in exceptional locations and today's results confirm this," said Mr Esmonde.
What was the most popular stock?
"We have had a very even spread which is testament to the great floor plates, views and aspect of the development. We have sold 1, 2 and 3 bedroom apartments today across all 7 levels." - Fabric spokesperson.
What do buyers like about the area?
"Teneriffe feels very much like a village, a small close knit community full of restaurants and retail. New Farm is right on your doorstep and you have the convenience of the CBD, Valley and Newstead within minutes yet Teneriffe is sheltered from the mass development currently underway in these areas." - Fabric spokesperson.
Fabric is a stylish development with design by renowned Cottee Parker Architects. In a landmark position on the curve of Florence Street meets the convenience of Commercial Road just 2.5 kilometres from Brisbane’s CBD, Fabric’s architecture will be woven into Teneriffe’s vibrant social, creative, eclectic and cultural hub. Designed with intention and crafted with skill, the development takes its inspiration from the patchwork of neighbouring wool stores and warehouses surrounding it as well as NYC’s sleek city loft conversions – with significant views from almost every apartment in the development.
Comprising 73 apartments across seven storeys, Fabric’s exterior is clean, dark and sophisticated, with a distinctive, curved apex that folds into the urban landscape’s existing tapestry. The lustrous podium level (which will house an exciting retail division) feature design elements that articulate the suburb’s early 20th century industrial legacy and elevate Fabric from mere apartment block to an intrinsic part of daily Teneriffe life.
Inside, Fabric’s industrial-luxe design ethos makes for captivating interiors, with an elegant dialectic playing off the glamour of contemporary design and the hard edge of engineered history. Materials are both raw and polished; finishes are both textured and smooth; metal is set against mirror; soft carpet contrasts with premium flooring.
Residents will have a choice of light (Linen) and dark (Lurex) colour palettes based around a sophisticated neutral scheme. In the clean linen scheme, modern black tapware stands proud from the pure white ceramic splash back, while generous reconstituted stone counters and discreet cupboard handles give a sophisticated finish across all apartments.