Downsizers have defied the pressures of the pandemic and snapped up the first stage of a new apartment development at Hope Island.
Aniko Group, the developer behind the $140 million No. 1 Grant Avenue residential
apartments project, has achieved a stage one construction sell-out. “The sales results in the six months (since February) have been quite amazing the founder of Aniko Group George Mastrocostas said.
“We knew the luxury product we were introducing to the market was very well priced and we knew that there was strong demand for quality apartment living in Hope Island, so close to the recently opened Hope Island Marketplace
“The completion and sell-out of stage one is a great testament to our in-house sales and construction teams who have worked tirelessly during these changing and uncertain circumstances.
Mr Mastrocostas said attention was now being directed to the launch of stage two, the final offering, which would involve the creation of an additional 105 twothree- and four-bedroom apartments, as well as a range of resident amenities, such as a fully-equipped gymnasium designed by celebrity personal trainer Michelle Bridges, resort-style lap pool, children’s playroom, sauna, movie theatre, pet wash bay, and outdoor barbecue and dining facilities.
Apartments in stage two will launch this month and be priced from $448,000.
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Originally published by Courier Mail Home
Article by Samantha Healy, October 24, 2020