Third.i to launch Crows Nest over-station development, Elevate Hume Place

The tranformation of Crows Nest as one of the go-to suburbs on the Lower North Shore, is set to continue.

Leading property developer Third.i Group and joint venture partner Phoenix Property Investors have announced the launch of the first stage of Hume Place, its new four-building development above the recently opened Crows Nest Metro station.

The first stage of the development, Elevate at Hume Place, will offer 130 one, two, and three-bedroom apartments designed by the internationally acclaimed architecture firm Woods Bagot.

Crows Nest has become one of the most connected suburbs in the Lower North Shore. Residents of Elevate couldn't be closer to the quiet, underground metro, which will take them to the CBD in just seven minutes, and to Chatswood in four.

Woods Bagot handled both the exterior architecture and interior design of Elevate Hume Place, an apartment development that will cater to a variety of purchasers from first time owners and/or investors to downsizers and right sizers wanting to be close to the Crows Nest Village and all this has to offer in terms of lifestyle and amenity and importantly benefit from the long term value that the Metro stations will bring to property owners.

A recent global study of the impacts that Metro stations have on residential property ‘on’ or ‘directly next’ to metro stations show that properties can demand premiums ranging from 20 per cent to 30 per cent higher in value than neighbouring properties.

Importantly for investors, a metro can help secure 15 per cent to 20 per cent premiums in rents compared to similar properties in the area.

Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place is set to redefine urban living in this part of Sydney.

"It's not only going to offer some of the best apartments ever released, Elevate is also a one-of-a-kind development in terms of the value the Metro will bring long term to its owners.

"There are plenty of projects claiming close links to the Crow’s Nest Metro, but there is only one project getting built above it all. Having Elevate built directly over the station is why this project will outperform any other local projects in the future”.

Third.i has appointed JLL Residential Project Sales as the project marketer and sales partner for Elevate.

Luke Billiau, Head of Capital Markets – Australia and New Zealand at JLL, said Elevate represents the future of integrated transport-oriented development.

"We're confident it will attract significant interest from both local and international buyers," Billiau said.