Stir­ling plans for life cy­cle at Jolimont

The West Australian - - PROPERTY - He­len Shield

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.

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