Privately owned property development company Al Maha has released the second stage of its Newtown development, Industri.
The complex comprises 174 apartments and terraced homes in the inner city Sydney suburb of Newtown and has been designed to reflect the character, heritage and charm of its surrounding.
Located on 32-72 Alice Street, Newtown the interiors have been designed by SJB Interiors with every studio, apartment and terrace house incorporating high-level design acuteness with the aim to save space and be environmentally efficient.
The five buildings' comprise seven one-bedroom apartments priced from $475,000 which range from 39sqm to 41sqm; 59 one-bedroom-plus-study apartments from $600,000 for 60sqm; 63 two-bedroom 86sqm apartments from $850,000; and 13 three-bedroom ranging from 100sqm to 110sqm from $965,000.
There are also 32 two and three bedroom terraces from $1.1 million for 97sqm to 114sqm.
The use of natural light has been a key feature to the environmentally conscious design, which aims to enhance the feeling of spaciousness.
[urbanRelatedPost][/urbanRelatedPost]All apartment kitchens feature polished stone bench tops, stainless steel splash backs and Miele appliances and fixtures.
Marketed by CBRE, the project has been received very well received by the market with the first stage having sold more than 80% and the second stage just released. The third stage will be released next year. It’s due to be completed in mid to late 2015.
CBRE's Justin Brown described the development as one of Newtown's most significant for the past decade, saying small lot sizes make it hard to get larger developments in the inner west.
Developer Al Maha has been active in the inner west of Sydney and has constructed several high quality projects.