Over 50% of Ryrie Home, Geelong apartments sold as structure comes out of the ground
Over half the residences in the 14-storey Ryrie Home tower, the first stage of Franzé Developments’ Geelong Quarter project, have been sold.
Presales in this stage were “north of” $30 million and apartments in that building sold on average for $9,000 per square metre, MaxCap’s state director for Victoria, Johnny Woodhouse, told the AFR last month.
Non-bank lender MaxCap Group is providing the development with a $97 million first-mortgage facility for the construction of the two-tower residential and hotel complex.
Offering a collection of one, two and three-bedroom residences, Ryrie Home is set to deliver 109 apartments in the heart of Geelong’s arts precinct.
Designed by Architectus, the distinctive building of glass and sleek, contemporary lines exudes a bold character.
The material choices are a nod to the strength that defines Geelong’s character, said principal architect Oliver Mayger.
“Ryrie Home has drawn upon the history of Geelong and its architectural vernacular. The robust materiality and strong compositional order of the brick woolstore are defining markers of the city character and are considered through our podium scale and design”, he said.
The interiors have been thoughtfully designed to ensure efficient, flowing spaces, and feature open-plan living space, floor-to-ceiling windows, and an abundance of natural light.
According to the developers, project completion is on track for late 2022 with privately-owned Maxcon Constructions leading the construction.
Construction is well underway with the tower crane up and the structure now seen coming out of the ground.
Ryrie Home is a connected vertical village, featuring a communal rooftop lounge with barbeque and dining facilities overlooking Corio Bay and Geelong CBD.
