Penthouse in new $170m development is tipped to shatter north shore sales record
24 Sep 2020
Buyer’s agents for the rich and famous are already circling around a luxury boutique development at Kurraba Point.
The $170 million harbourfront Kurraba Residences project is set to be launched in early November, and will comprise 24 apartments set over six levels.
It is being developed by the Thirdi Group and Phoenix Property Investors, at 147-153 Kurraba Rd.
The developers have enlisted SJB and Mathieson Architects and landscape architects Dangar Barin Smith to create an architecturally striking design that Thirdi director Luke Berry said had never been seen before on the harbourfront.
Curved brickwork with semicircular windows and balconies make the most of the spectacular 180-degreee view.
The penthouse will be the crowning glory of the development and will have every luxury imaginable, including private pool, steam room, wine cellar, private gym and six-car garage.
Industry sources believe it will blow the lower north shore’s apartment sales record out of the water when it sells. Mr Berry would not speculate on the price guide for the penthouse as it was still to be finalised, but said the apartment would be in a class of its own.
“I pinch myself to think that my company is creating it,” he said.
He did reveal that the developer has received some 200 inquiries from potential buyers, including “buyer’s agents that represent the rich and famous”.
He said one had up to $40 million to spend, while others were interested in combining apartments into one massive home.
“There has been nothing like this for 50 years, so there is a lot of interest,” he said.
Launch date is set for November 7 with a VIP launch planned for November 14. Construction has already started with completion expected in the fourth quarter of 2022. CBRE is marketing the project.