Another milestone has been reached in the development of the Maroochydore CBD, with Stage Two of the mixed-use Emporio community released to market earlier this month.
Reed Property Group Managing Director Ken Reed said with the construction of Stage One apartments now well underway and 90 per cent sold, Reed was excited to release the next round of residential apartments.
“Stage Two of the development features 71 one, two and three-bedroom apartments and includes a communal rooftop garden terrace for residents and fresh food marketplace, with some apartments also featuring an exclusive landscaped courtyard,” Mr Reed said.
“With more than $4 billion being spent on infrastructure and development within a 1km radius of the Emporio site, we anticipate these apartments will be hugely popular amongst investors and owner occupiers alike who are keen to capitalise on the future growth of Maroochydore.”
Mr Reed said once complete, the Emporio community will incorporate more than 240 residential apartments as well as commercial and retail space across seven urban village buildings, bringing a new style of living to the Sunshine Coast.
“The whole concept of living, working and playing within the one community is completely new to the Coast, and offers residents the opportunity to experience European-inspired village style living similar to James Street in Brisbane,” Mr Reed said.
“With countless developments cropping up along Maroochy Boulevard and new retail precincts, cafes and entertainment venues set to be constructed as part of the new Maroochydore CBD, Emporio residents will have a vibrant social hub at their fingertips.”
Mr Reed said apartments in particular had proved to be extremely popular in the Maroochydore region, with many buyers choosing apartments over houses based on their affordability, size and resale value.
“The median unit price in Maroochydore is $360,000, and with Emporio apartments selling from just $314,000, it’s no wonder investors and owner occupiers have already expressed strong interest in Stage Two apartments,” Mr Reed said.
One, two and three bedroom Emporio apartments are selling now, with just a 10 per cent deposit required until completion.
To view live footage from the Emporio construction site, visit www.emporio.net.au or call the onsite display centre on (07) 5451 8500 for more information regarding the development.