Third.i's Balfour Place in Lindfield nets record sales weekend
North Sydney’s latest luxury apartment project by developer Third.i and Phoenix Property Investors (PPI), has knocked over sales of 58 of its 59 apartments at its weekend launch, securing close to $100 million in sales in just three days amid scarce supply and increasing demand for larger living.
Only one apartment remains up for grabs as eager buyers pounced on the $102 million Balfour Place, following a flood of enquiries from the local market and over 300 appointments booked in during the VIP launch weekend.
After receiving over 1500 plus enquiries last month, the remaining apartments are projected to be snapped up quickly.
The project, which is set to be built on the existing Coles supermarket site, will be grounded by an urban oasis encompassing over 7091 sqm of retail and hospitality space, in a bid to help ease the increasing demand for larger apartment living, adding to Third.i’s growing portfolio of quality developments tailored towards meeting the needs of the market.
Third.i’s Co-Founder and Director of Sales and Marketing, Luke Berry, said the sales result is indicative of Lindfield’s much needed revitalization, off the back of skyrocketing interest for larger apartment living.
“We are just absolutely ecstatic with the sales result our team procured over the weekend. It’s a true testament to the quality of the project, the calibre of our consultants and we couldn’t be happier,” said Berry.
“Each floor plan is tailored to cater to that need of larger living spaces we’re seeing in the industry now and is clearly in scarce supply. When we began working on the design brief with PPI and Coles Group, we immediately identified there was an opportunity to improve the residential elements of the development application to re-imagine the apartment layouts to create a mix of much larger apartments not typically seen in developments of this size.”
“We truly wanted to tap into that need for larger living spaces for downsizers and young families and we couldn’t be happier to have finally shared what we’ve created with a new breadth of buyers this weekend. With Balfour Place, you will have everything you need at your doorstep. To be just a lift ride away from fresh food and produce, a barista brewed coffee and your favourite bottle of wine is the epitome of apartment living and that’s exactly what we will be delivering with this project,” he added.
Marking the fourth joint venture project between Third.i and PPI, the latest luxury offering will comprise a collection of one, two, three and four-bedroom residential apartments with private courtyards and a luxe rooftop garden to be built on top of a brand-new large format Coles supermarket; which will be double the size of its existing predecessor, a Liqourland and heritage commercial space fronting the Pacific Highway and overlooking the Blue Mountains.
Construction of the DA approved site is well underway with the second stage of construction due to start in July/August this year, off the back of Third.i’s proposal to reduce the number of apartments from 70 to 59, in an effort to deliver less impact on neighbours and the wider community.
