Promenade, Starryland Australia’s $550M Parramatta staged masterplan residential development, will launch its final stage release this September.
Starryland Sales and Marketing Director James Swete said Promenade's third and final stage offers a prime resort-style living environment for purchasers located in a stunning riverfront location.
“The abundance of green open space in the development and its close proximity to the Parramatta CBD combine to make this a great lifestyle opportunity.
"As this final building release is located closest to the Parramatta Riverfront and has stunning panoramic river, Parramatta CBD and district views we expect it to attract the same feverish excitement and strong demand as the previous stage releases,” Mr Swete said.
Mr Swete believes connectivity is key and as a result Promenade is positioned to be a five minute walk to the new light rail station and only 350 metres from the main UWS campus.
CBRE Managing Director David Milton says Promenade is currently the most popular residential project in the Parramatta region.
“From an investment point of view, Western Sydney has a very strong demand and a higher rental return compared to other areas in the Sydney region," he said.
Parramatta is Sydney’s second CBD and is now undergoing a major revitalisation, with the West Connex and light rail set to improve transportation.
"More business will develop as a result with increasing market demand as the CBD is further improved," Mr Milton said.
Parramatta and its surrounding suburbs are expected to accommodate 60-70% of Sydney’s growth over the next 25 years.
The final building released this September includes riverfront living with bronzed ‘lantern’ structures connecting to, and reflecting, the river landscape.
Interiors feature pale teak ash layered on clean, unfussy lines and glimmering metallic accents. Kitchens include the latest Bosch and European appliances, reconstituted stone bench tops and mirror splash backs for a truly luxe feel.
Construction has already commenced with completion expected in early 2018.