Stirling plans for life cycle at Jolimont
Apartment developer Stirling Capital has declared owneroccupiers are its principle focus, with 90 per cent of its buyers Perth-based.
The developer, part-way through Perth’s first CBD student accommodation tower in Stirling Street, has issued a progress report on its city and near city projects.
Stirling Capital managing director Luke Reinecke said the developer was part way through the first stage of its Cirque Apartments, a $90 million 19level development at Mt Pleasant in the Canning Bridge precinct.
It is the first WA residential project to receive a five-star green star rating from the Green Building Council of Australia. The 111-apartments, from 60sqm to 185sqm, were 80 per cent sold.
Cirque stage two would have more three-bedroom apartments and a greater mix of bigger two-bedrooms, he said.
The 89-95 Stirling Street student tower, a partnership with global student accommodation operator GSA, was on track to finish by the end of next year ready for the 2019 academic year. The 24-level 571 tower would rival student digs in Sydney and Melbourne and was designed to make Perth more attractive to overseas students, he said.
Mr Reinecke said the group’s high-tech, energy-efficient, green Verdant Apartments at 78 Stirling Street, scheduled for a January 2019 finish, would offer communal bikes, electric cars and charging stations, a threestorey green lobby wall, rooftop terrace, yoga deck and intelligent monitoring systems. The $80 million development will have 136 one and two-bedroom apartments over 19 levels. It is 70 per cent sold.
Further afield at Port Coogee, it had completed the footings at its Barque Apartments. This $28 million, six-star sustainable living development has 52 one and two-bed apartments over five levels and Pindan was scheduled to finish in August next year. Barque was 65 per cent sold. Another development, not yet started, in South Perth, 26 on Charles Street, was 75 per cent sold.
LandCorp also selected Stirling Capital to develop the first component of its Jolimont Parkside Walk urban infill project.
Mr Reinecke said Stirling had submitted its plans for three lots, totalling 6274sqm, to feature 50 luxury apartments for a range of people from young singles and couples to empty nesters.
Some had designs to allow for ageing in place, with wider doors to allow for wheelchair access, with wider corridors and more space around kitchen islands and beds. Of the 50 apartments, 28 would be over-sized twobedroom apartments, Mr Reinecke said, adding that almost a third would be two-bedroom plus study or three-bedroom.
“We recognise there is a large market of local buyers considering lifestyle changes, which include those selling their large block family homes to upgrade into quality contemporary apartments,” Mr Reinecke said. “Also, young singles and couples who can’t afford a house.
“We are trying to create housing diversity.”
The Parkside Walk apartments would be priced from $500,000 to $1.25 million.
LandCorp is selling another 2628sqm apartment site at Jolimont Walk, with offers closing on November 23.
Lot 25, to yield between 22 and 46 dwellings, was close to Jolimont Primary School and Shenton College and the University of WA.
LandCorp chief executive Frank Marra said Parkside Walk had been recognised for its sustainable initiatives across water use, energy waste, ecosystems and community.
Stirling Capital’s project at LandCorp’s Jolimont-based Parkside Walk urban infill project.