Silverstone Developments has secured two sites on New Farm’s iconic Brunswick Street.
Jim Watson, Silverstone’s General Manager, said they purchased the two prominent outgoing corner sites at 676 Brunswick Street and 598 Brunswick Street with the intention to develop two mixed use apartment buildings in 2014.
“We have had our eye on these sites for a while now and are pleased to have secured them. We think New Farm is a fantastic area and we are not alone – over the coming years to 2031 the population within New Farm is projected to grow by approximately 1400 additional new residents, according to Resolution Research.
“We will be offering 41 apartments over 4 levels at 598 Brunswick Street and just 15 apartments at 676 Brunswick Street.”
Silverstone aren’t newcomers to the area, having completed two successful developments in the area over the past 12 months.
“We completed a boutique apartment complex, Vivid, New Farm, last year and finished and relocated to the redevelopment of a contemporary new office space at 1/24 Macquarie Street in July this year.
“Vivid, New Farm was a real success for us; the apartments were snapped up before the development even publicly launched, and we know the demand exists for more quality apartments in this area. In fact, we have already received a lot of interest in the new developments based purely on the New Farm locations and our track record with Vivid.
“We find what has attracted people to our developments is that we price for the investor but offer owner-occupier quality and size.”
Silverstone Developments is an emerging boutique, privately owned Brisbane residential and commercial property development company with a reputation for real development outcomes and consistent delivery.
I bought my Kent St apartment just after the BP service station was demolished on this corner site. Great to the this new quality development. I have registered my interest in this site…such a great location and access to the high frequency bus service.
Awesome. I lived in Kent Street 2 years ago and was always wondering when that corner block would get developed. Prime position and great opportunity for a well designed, low rise apartment complex with cafes, bars and shops to compliment the rest of Brunswick Street.