Third.i’s Co-Founder and Director of Sales and Marketing, Luke Berry, said the sales result is indicative of Lindfield’s much needed revitalization, off the back of skyrocketing interest for larger apartment living.

North Sydney’s latest luxury apartment project by developer Third.i and Phoenix Property Investors (PPI), has knocked over sales of 58 of its 59 apartments at its weekend launch, securing close to $100 million in sales in just three days amid scarce supply and increasing demand for larger living.

Only one apartment remains up for grabs as eager buyers pounced on the $102 million Balfour Place, following a flood of enquiries from the local market and over 300 appointments booked in during the VIP launch weekend.

After receiving over 1500 plus enquiries last month, the remaining apartments are projected to be snapped up quickly.

The project, which is set to be built on the existing Coles supermarket site, will be grounded by an urban oasis encompassing over 7091 sqm of retail and hospitality space, in a bid to help ease the increasing demand for larger apartment living, adding to Third.i’s growing portfolio of quality developments tailored towards meeting the needs of the market.

Third.i’s Co-Founder and Director of Sales and Marketing, Luke Berry, said the sales result is indicative of Lindfield’s much needed revitalization, off the back of skyrocketing interest for larger apartment living.

“We are just absolutely ecstatic with the sales result our team procured over the weekend. It’s a true testament to the quality of the project, the calibre of our consultants and we couldn’t be happier,” said Berry.

“Each floor plan is tailored to cater to that need of larger living spaces we’re seeing in the industry now and is clearly in scarce supply. When we began working on the design brief with PPI and Coles Group, we immediately identified there was an opportunity to improve the residential elements of the development application to re-imagine the apartment layouts to create a mix of much larger apartments not typically seen in developments of this size.”

“We truly wanted to tap into that need for larger living spaces for downsizers and young families and we couldn’t be happier to have finally shared what we’ve created with a new breadth of buyers this weekend. With Balfour Place, you will have everything you need at your doorstep. To be just a lift ride away from fresh food and produce, a barista brewed coffee and your favourite bottle of wine is the epitome of apartment living and that’s exactly what we will be delivering with this project,” he added.

Marking the fourth joint venture project between Third.i and PPI, the latest luxury offering will comprise a collection of one, two, three and four-bedroom residential apartments with private courtyards and a luxe rooftop garden to be built on top of a brand-new large format Coles supermarket; which will be double the size of its existing predecessor, a Liqourland and heritage commercial space fronting the Pacific Highway and overlooking the Blue Mountains.

Construction of the DA approved site is well underway with the second stage of construction due to start in July/August this year, off the back of Third.i’s proposal to reduce the number of apartments from 70 to 59, in an effort to deliver less impact on neighbours and the wider community.

https://www.urban.com.au/news/nsw/thirdis-balfour-place-in-lindfield-nets-record-sales-weekend

If the market’s cooling, you wouldn’t know it at Lindfield, where a new development above Coles has achieved $100m worth of sales in just three days.

“It’s unbelievable,” says CBRE managing Director David Milton of his off-the-plan sales in the Balfour Place project on a 7091sqm site surrounded by gardens at 1 Balfour St.

“All we’ve got left is one 68sqm one-bedroom apartment for $945,000. Buyers said: ‘This is what we want; they’re well designed with a good-sized balcony.’ And being above Coles was a big factor – they loved the convenience!”

The agents received more than 1500 inquiries on the $102m development ahead of last weekend’s VIP launch and sold 58 of 59 units in the Third.i and Phoenix Property Investors project. Third.i’s co-founder and director of sales and marketing, Luke Berry, said the sales result was indicative of Lindfield’s much-needed revitalisation.

“It’s a true testament to the quality of the project,” he said.

The one-bedders (59sqm – 80sqm) sold for between $850,00 and $1.1m; the two-bedders (87sqm-104sqm) for $1.3m to $1.75m; and the three bedders (123sqm – 220sqm) for $2.6m to $3.4m. The two penthouses (224sqm plus 130sqm terraces) went for $4.5m and $4.95m.

Most of the two and three bedroom apartments sold to local owner-occupiers, including young people who couldn’t afford a freestanding home.

“The one-bedders sold to a mix of investors and owner-occupiers and we saw a lot of first-home buyers,” Milton said.

The two four-bedroom penthouses sold to upper north shore downsizes. Demand was so strong that there were more than 30 would be buyers who missed out at the VIP launch who have paid deposits in the hope that some of the sales don’t proceed.

– North Shore Times

A new, yet-to-be-completed apartment complex located in Sydney’s north-western suburb of Lindfield has almost completely sold out in just three days. 

Known as Balfour Place, the avant-garde residential structure hosted a sales campaign over the weekend, and of the 59 available apartments for sale, all but one was sold within the first 72-hours. 

The staggering achievement elucidates the unendingly strong demand in Sydney’s inner-northern property market, with the campaign generating close to $100 million in sales. 

Balfour Place’s project has been created by Third.i, an Australian property development firm, in conjunction with Phoenix Property Investors (PPI) and Coles Limited. 

The $180 million residential complex will sit atop a pre-existing Coles supermarket, and the immediate surrounding area will be turned into an “urban oasis encompassing over 7091sqm of retail and hospitality space for the ultimate luxury living opportunity.” 

The apartments comprised one, two, three and four-bedroom offerings and have been designed by notable Surry Hills-based architectural firm, Rothelowman. 

https://www.nine.com.au/property/news/northern-sydney-apartment-complex-nearly-sells-out-in-72-hours/e687a35c-a5dc-48b1-8e99-1f764d9b54db

If the market’s cooling, you wouldn’t know it on Sydney’s upper north shore where a new development above Coles has achieved $100m in sales in just three days.

“It’s unbelievable,” says CBRE managing director David Milton of his sales in the Balfour Place project on a 7091sqm site surrounded by gardens at 1 Lindfield St, Lindfield.

“All we’ve got left is one 68 sqm one bedroom apartment for $945,000.

“Buyers walked in and said ‘This is what we want, these are well-designed with a good sized balcony’ and being above Coles was a big factor ….. they loved that convenience!”

The agents received more than 1500 inquiries in the $102m development ahead of last weekend’s VIP launch and sold 58 of the 59 units in the Third.i and Phoenix Property Investors (PPI) project.

The one-bedders (ranging in size between 59sqm and 80sqm including balconies) sold for between $850,000 and $1.1m; two bedders (87sqm to 104sqm) for $1.3m to $1.75m and three-bedders (123sqm to 22sqm) for $2.6m to $3.4m.

Two four-bedroom penthouses (244sqm plus 130sqm terraces) went for $4.5m and $4.95m.

There were a mix of buyers.

Most of the two and three-bedroom apartments sold to local owner occupiers, including young people who can’t afford a freestanding home.

“The one-bedders sold to a mix of investors and owner occupiers and we saw a lot of first home buyers,” Milton said.

The two four-bedroom penthouses sold to upper north shore downsizers.

Demand was so strong that there were more than 30 would-be buyers who missed out at the VIP launch that have paid deposits in the hope that some of the sales of the two and three-bedroom apartments don’t proceed.

Third.i’s Co-Founder and Director of Sales and Marketing, Luke Berry, said the sales result is indicative of Lindfield’s much needed revitalization, off the back of skyrocketing interest for larger apartment living.

“We are just absolutely ecstatic with the sales result our team procured over the weekend,” he said.

“It’s a true testament to the quality of the project, the calibre of our consultants and we couldn’t be happier.”

Construction of the DA-approved site is well underway with the second stage of construction due to start in July or August this year.

https://www.news.com.au/finance/real-estate/balfour-place-lindfield-agents-sell-100m-worth-of-offtheplan-units-above-coles-in-three-days/news-story/7cae88aff4c99b07a320a20406b78fba

If the market’s cooling, you wouldn’t know it on Sydney’s upper north shore where a new development above Coles has achieved $100m in sales in just three days.

“It’s unbelievable,” says CBRE managing director David Milton of his sales in the Balfour Place project on a 7091sqm site surrounded by gardens at 1 Lindfield St, Lindfield.

“All we’ve got left is one 68 sqm one bedroom apartment for $945,000.

“Buyers walked in and said ‘This is what we want, these are well-designed with a good sized balcony’ and being above Coles was a big factor ….. they loved that convenience!”

The agents received more than 1500 inquiries in the $102m development ahead of last weekend’s VIP launch and sold 58 of the 59 units in the Third.i and Phoenix Property Investors (PPI) project.

The one-bedders (ranging in size between 59sqm and 80sqm including balconies) sold for between $850,000 and $1.1m; two bedders (87sqm to 104sqm) for $1.3m to $1.75m and three-bedders (123sqm to 22sqm) for $2.6m to $3.4m.

Two four-bedroom penthouses (244sqm plus 130sqm terraces) went for $4.5m and $4.95m.

There were a mix of buyers.

Most of the two and three-bedroom apartments sold to local owner occupiers, including young people who can’t afford a freestanding home.

“The one-bedders sold to a mix of investors and owner occupiers and we saw a lot of first home buyers,” Milton said.

The two four-bedroom penthouses sold to upper north shore downsizers.

https://www.realestate.com.au/news/balfour-place-lindfield-agents-sell-100m-worth-of-offtheplan-units-above-coles-in-three-days/?rsf=syn:news:nca:nl:spa

“The name Third.i was very much formed with the two most critical elements to development; investment and infrastructure,” Berry said.

The Sydney-based developer, Third.i, are continually trying to break new ground in what type of product they are bringing to the off the pl​an apartment market.

It’s been a pillar of Third.i since it was founded by Luke Berry, Robert Huxley and Ron Dadd in 2005, so much so it forms a key part of the company name.

I recently got to catch up with Luke Berry, who also handles Third.i’s sales and marketing, to discuss the company’s current direction and how they like to develop.

“The name Third.i was very much formed with the two most critical elements to development; investment and infrastructure,” Berry said.

“We follow planning, jobs growth, and the inevitable need for housing in those areas.

“Infrastructure is key; where the government are spending, where there’s private spending on infrastructure, new transport hubs etc. Always invest where infrastructure is and is planned to be.”

The third I was more in the spiritual sense, Berry added.

“We are always trying to think ahead, constantly challenging both ourselves and pushing the boundary as to what’s conceivable in apartment development.

“We try and create apartments and a style of housing that people don’t even know they want yet. We think of the projects people are going to need, rather than what they necessarily need right now.”

Their latest innovative venture however isn’t about what they’re offering a buyer in terms of the product they are creating. It goes well beyond that.

The team has recently launched CoPosit, which allows potential buyers secure a property with just $10,000 in savings, with the remainder of the deposit paid over weekly instalments until the apartment is ready.

That’s available for buyers at the Dairy Farmers project in Newcastle’s West End, where already 100 of the 184 apartments have been sold. Around 10 per cent of those buyers have used CoPosit.

“Developers usually need five or 10 per cent deposit minimum as a bank needs a qualifying presale to provide funding for the project,” Berry said.

“But we’ve managed to crack open the door for first home buyers, who, if they can’t stump up a deposit, can still secure an apartment and take advantage of the price growth of that apartment during the construction phase.

“Traditionally, those buyers would maybe have to wait a year, or wait until completion, before they can buy the apartment. With the way the property market has gone in recent years, that’s a lot of growth they’ve missed out on. They’re potentially paying $50,000 more for that same apartment they couldn’t get a few years earlier when it wasn’t complete.”

Berry says he believes the scheme will completely revolutionize off the plan sales.

The Dairy Farmers project will comprise a separate five story-building that will house the very first residents’ shared work hub coupled with 1600 sqm of commercial and retail space.

The development will also include a range of exclusive amenities featuring communal green spaces, a state-of-the-art gymnasium, cabana pool areas with a lap pool, a wine bar and cellar, as well as multiple function rooms.

The Newcastle West site was once home to Dairy Farmers – one of Australia’s largest dairy producers. In a nod to the history of the site, Third.i will re-imagine the heritage-listed, iconic glass milk bottle and clock towers as part of a pedestrianized, broader public art installation.

“We feel like the West End is our second home and we are excited to be part of its revitalisation,” Berry said.

“We want Dairy Farmers Towers to be a West End icon, a landmark that will be reborn to create a new chapter in the West End’s growth as a great place in which to live, work and play.

“Residents will have some of the best views in town, as well as the harbour, great dining and entertainment options, and the transport interchange at their doorstep. To create a true sense of community for residents, we’ve really focused on incorporating communal green spaces andcommercial and retail spaces to add diversity of housing options for locals.”

A large number of locals have made up part of the buyers so far, a mix of downsizers wanting to live in an urban apartments and first home buyers who see the entry level apartments as good value for money.

There’s also been a number of investors, both from Newcastle and Sydney.

Third.I, has always been forward thinking – and is one of the largest providers of SDA (Specialist Disability Accommodation) apartments along the East Coast of Australia. They have a partnership with Aruma (formerly House with no steps) and many other SIL’s (Specials Independent Living Advisors) to provide suitable accommodation in their medium and large scale developments.

“ESG (environmental, social and governance) has always been important to us, and the commitment we have in creating SDA Housing is a cornerstone of our business policies in providing social housing” Berry added.

It was at the forefront of their efforts in London. Both of their London projects, the completed Battersea apartment building currently under construction, and the upcoming Vauxhall development, has around a third of its development set aside for people who couldn’t traditionally afford them.

“We have around 30, 35 per cent of our developments in the UK reserved for people like nurses, school teachers, train drivers, single parents who struggle to afford to get in to the property market,” Berry says.

The expansion in to the UK has seen Third.i’s global footprint expand, with meaningful conversations with huge REITS and investment firms.

“What London has done has cracked open the door for Third.i to forge international business relationships with funders, agents, based in Singapore, Dubai, Hong Kong, Malaysia, all which wouldn’t have happened if it wasn’t for the investment in to the UK market.”

“We have a big vision, big dreams, and now we’re in a position to chase them,” Berry said.

https://www.urban.com.au/news/nsw/how-the-sydney-apartment-developer-thirdi-always-puts-the-buyer-first-five-minutes-with-luke-berry

Anticipation is building for the next month’s launch of a luxury mixed-use development in North Sydney titled ‘Balfour Place’, a joint venture by Third.i and Phoenix Property Investors (PPI).

The $180M project will be created in partnership with Coles Group, with the development to be built on an existing Coles supermarket site in Lindfield.

The development marks the fourth joint venture between the influential companies, and will be marketed by CBRE Residential Projects following the launch.

Solidifies partnership with Coles Group

Balfour Place will join Third.i’s growing portfolio of luxury developments, comprising of several one, two, three and four-bedroom apartments featuring private courtyards and rooftop gardens.

The residences, which begin from $845,000, will sit atop a brand new large format Coles supermarket, Liquorland and heritage commercial space.

Fronting the Pacific Highway and offering views of the Blue Mountains, Balfour Place has already succeeded in catching the eye of local buyers.

Third.i Co-founder and Director of Sales and Marketing, Luke Berry said both Third.i and PPI were thrilled to work alongside Coles in the delivery of Balfour Place.

“When Third.i Group began working with Coles Group, we immediately highlighted there was an opportunity to improve the residential elements of development application, so in a partnership with award-winning architects Rothelowman, we re-imagined the apartment layouts and created a mix of larger apartments, perfect for the downsizer and young families we see as the likely purchasers of our apartments and we couldn’t be happier to finally launch this project to the market next month,” said Mr Berry.

Ahead of the project’s arrival to the market, Mr Berry also expressed pride for his team and all of Third.i’s stakeholders in helping Third.i and their joint venture partners in bringing the development to fruition.

Prime Sydney location

The 7,091 sqm site has received development approval, and will likely commence construction in the first quarter of 2022.

PPI acquired the site in 2020, bringing Third.i on board as development partners with plans to preserve a heritage listed building and an electrical substation.

Late last year, Third.i amended the initial development plans and reduced the number of apartments at Balfour Place from 70 to 62, citing an objective to reduce the impact on neighbours and the community.

CBRE Sales Director and lead agent in Balfour Place’s marketing campaign, Ben Stewart, listed proximity and convenience as some of the top selling points of the development.

“The latest offering by Third.i and PPI has it all in terms of proximity to a train station and quality schools, as well as being positioned in a highly coveted north shore suburb, where new apartment developments are scarce, particularly for downsizers.”

Ben Stewart, CBRE Sales Director

“Our market research has indicated that demand for high-end living and conveniently located new apartments in the area is solid, with almost all initial inquiries coming from local residents.”

Conveniently located amenities

In addition to excellent connectivity to the wider Sydney area, residents at Balfour Place will not have to venture far to find amenities such as a supermarket and cafe.

“With Balfour Place, you will have everything you need at your doorstep. To be just a lift ride away from fresh food and produce, a barista brewed coffee and your favourite bottle of wine is the epitome of apartment living and that’s exactly what we will be delivering with this project,” said Mr Berry.

As part of the development, Coles Group have agreed to a new 15-year lease of a brand space more than double that of the existing 4,500 sqm supermarket, and two-storey car parking for 237 cars.

The project will also include the construction of a new Balfour Lane, a Liquorland and a cafe.

“We haven’t seen anything like this on the market for a while and I anticipate the level of livability coupled with the convenience of essential goods and services at your doorstep will really resonate with our buyers and product on the market won’t last for long,” concluded Mr Stewart.

Balfour Place prepares for April launch

Joint venture partners Third.i and Phoenix Property Investors are preparing to launch Balfour Place, a new residential development in North Sydney’s Lindfield.

In conjunction with Coles Group, the mixed-use development will be built on the existing Coles Lindfield supermarket.

The $180 million project, which will be marketed by CBRE Residential Projects, adds to Third.i’s growing portfolio of developments, which include the Dairy Farmers Towers in Newcastle. Their $2.5 billion pipeline also includes projects in London.

Local buyers have shown interest ahead of its launch next month, with demand increasing for larger apartments in Sydney’s lower north shore.

Balfour Place will comprise a collection of one, two, three and four-bedroom apartments with private courtyards and rooftop gardens, to be built on top of a brand-new large format Coles supermarket, Liqourland, and heritage commercial space fronting the Pacific Highway and overlooking the Blue Mountains.

Luke Berry, Director of Sales and Marketing and Co-Founder of Third.i, said that his company and PPI were thrilled to be working alongside Coles Group community stakeholders to launch the project in the coming months.

“When Third.i Group began working with Coles Group, we immediately highlighted there was an opportunity to improve the residential elements of development application, so in a partnership with and award-winning architects Rothelowman, we re-imagined the apartment layouts and created a mix of larger apartments, perfect for the down-sizer and young families we see as the likely purchasers of our apartments and we couldn’t be happier to finally launch this project to the market next month,” Berry said.

“With Balfour Place, you will have everything you need at your doorstep. To be just a lift ride away from fresh food and produce, a barista brewed coffee and your favourite bottle of wine is the epitome of apartment living and that’s exactly what we will be delivering with this project.”

The DA approved site, which spans over 7091 sqm, is set to start the second stage of construction in the first quarter of 2022.

CBRE’s Ben Stewart said that the proximity and convenience offered at the project is one of the top selling points for the project.

“The latest offering by Third.i and PPI has it all in terms of proximity to a train station and quality schools, as well as being positioned in a highly coveted north shore suburb where new apartment developments are scarce, particularly for down-sizers,” Stewart said.

“Our market research has indicated that demand for high-end living and conveniently located new apartments in the area is solid, with almost all initial inquiries coming from local residents.”

“We haven’t seen anything like this on the market for a while and I anticipate the level of liveability coupled with the convenience of essential goods and services at your doorstep will really resonate with our buyers and product on the market won’t last for long.”

https://www.urban.com.au/news/nsw/180-million-lindfield-apartment-development-balfour-place-to-launch

Joint venture partners Third.i and Phoenix Property Investors are preparing to launch one of the most anticipated projects seen in North Sydney with plans to unveil ‘Balfour Place’ in conjunction with Coles Group, a luxury mixed-use development to be built on the existing Coles supermarket site in Lindfield.

The $180 million project, which will be marketed by CBRE Residential Projects, is set to bring a new era of relaxed, contemporary sophistication to a landmark spot and adds to Third.i’s growing portfolio of luxury, quality developments the group are renowned for.

Ahead of its launch to the market next month, the project has struck a chord with potential local buyers and is set to ease increasing demand for larger apartment living in Sydney’s lower north shore.

Marking the fourth joint venture between the property heavyweights, Balfour Place will comprise a collection of one, two, three and four-bedroom residential apartments with private courtyards and rooftop gardens to be built on top of a brand new large format Coles supermarket, Liqourland and heritage commercial space fronting the Pacific Highway and overlooking the Blue Mountains.

Luke Berry, Director of Sales and Marketing and Co-Founder of Third.i said that his company and PPI were thrilled to be working alongside Coles Group community stakeholders to launch the project in the coming months.

“When Third.i Group began working with Coles Group, we immediately highlighted there was an opportunity to improve the residential elements of development application, so in a partnership with and award-winning architects RotheLowman, we re-imagined the apartment layouts and created a mix of larger apartments, perfect for the downsizer and young families we see as the likely purchasers of our apartments and we couldn’t be happier to finally launch this project to the market next month,” said Mr Berry.

“With Balfour Place, you will have everything you need at your doorstep. To be just a lift ride away from fresh food and produce, a barista brewed coffee and your favourite bottle of wine is the epitome of apartment living and that’s exactly what we will be delivering with this project.”

“We’re proud of our team and all our stakeholders for helping us and our joint venture partners bringing this project to fruition and we are thrilled to see it rocket to market very soon.”

The DA approved site, which spans over 7091sqm, is set to start the second stage of construction in the first quarter of 2022 off the back of Third.i’s proposal to reduce the number of apartments, in a bid to deliver less impact on neighbours and the wider community. The group finalised plans in late 2021 to amend the application to reduce the proposed 70 apartments to just 62.

The site was sold to PPI in 2020 in need of a refresh following more than 50 years of trading, with Third.i coming on board as development partners planning to preserve a heritage listed building and an electrical substation.

Sales Director of CBRE Ben Stewart, the lead agent appointed to market the development, said that the proximity and convenience offered at the project is one of the top selling points for the project.

“The latest offering by Third.i and PPI has it all in terms of proximity to a train station and quality schools, as well as being positioned in a highly coveted north shore suburb, where new apartment developments are scarce, particularly for downsizers,” said Mr Stewart.

“Our market research has indicated that demand for high-end living and conveniently located new apartments in the area is solid, with almost all initial inquiries coming from local residents.”

Balfour Place will boast absolute convenience living close to supermarkets and cafes as well as a luxe rooftop garden for residents.

The project will also include a new 15-year lease with Coles Group in a new store that will be approximately double the size of the current 4,500sqm supermarket, with parking for 237 cars over two levels.

The development will see a new Balfour Lane constructed, which will provide additional access. The retail offering will also be inclusive of a Liquorland and a new café.

“We haven’t seen anything like this on the market for a while and I anticipate the level of livability coupled with the convenience of essential goods and services at your doorstep will really resonate with our buyers and the product on the market won’t last for long,” concluded Mr Stewart.

Prices will start at $845,000.

https://scene.com.au/property-news/616-lindfield-icon-balfour-place-is-set-to-launch-next-month

Property development group Third.i have a busy year ahead, revealing more than $2.5 billion in development projects are in the pipeline alongside an overseas expansion.

The group has already wrapped on several large-scale residential projects on Australia’s east coast, now turning their sights to the international market.

After delivering their debut project in the United Kingdom, a residential development in the South London district of Battersea, Third.i now have plans to commence their second London-based project.

London branch growing amid 2nd project

Third.i have announced their acquisition of a mixed-use development site in South London, unveiling plans to create ‘Graphite Square’.

The residential development will comprise of 160 residences, in addition to 80,000 square feet of collaborative work spaces for use by residents and local businesses.

The group has engaged London-based architectural firm, Ben Adams Architecture, to design Graphite Square.

The development’s design features a strong industrial flare and will be connected by a central public space, with a vision to create a shared area where locals can ‘live, work and play’.

Luke Berry, Third.i’s Director of Sales and Marketing said, “not too many people would be aware, that we have been operating in London now for almost three years and are only weeks away from completing our first major project of close to 100 apartments in Battersea.”

In an effort to support Third.i’s international expansion, Ron Dadd, Co-Founder and Managing Director of Third.i Group UK has relocated his family to London to oversee the advancement of the company’s London branch.

“We learnt a lot about the London market off the back of this project and used it as a springboard into London and we couldn’t be more excited about Graphite Square as this site is the perfect embodiment of our growth as a company.”

Ron Dadd, Third.i

“It’s a project we are very proud of and I look forward to representing the company in UK and continuing our enviable track record abroad in 2022 and creating legacy projects,” Mr Dadd said.

Sydney market set to several new developments

Closer to home, Third.i’s latest endeavour is a luxury mixed-use development in Lindfield, Sydney.

In partnership with Phoenix Property investors, Third.i plan to begin construction on the residential and commercial hub ‘Balfour Place’ later this year.

The DA approved site is currently home to a Coles supermarket, and will soon be transformed into 62 apartments with a brand new Coles supermarket and specialty store located on the bottom levels.

In 2021, amendments were made to the project’s development applications in an effort to reduce the development’s impact on the wider community, with the second phase of construction pushed back to begin this year.

Balfour Place marks the fourth project in the pipeline for the partnership, with the previous project ‘Blue & William’ in North Sydney reaching success in late 2021, selling in excess of $300 million.

Among the group’s other projects in the pipeline are two residential schemes in Newcastle, New South Wales including Third.i’s first venture into retirement residences.

‘The Merewether’ is a joint venture with the Merewether Golf Club and introduces a unique blend of retirement and resort living, set to deliver a new golf club, wellness centre and 148 luxury apartments.

The $200 million project has already proved popular, with close to half of the apartments secured off-the-plan.

The group’s second Newcastle project, ‘Dairy Farmers Towers’, is set to commence construction late this year and features 190 apartments spanning two architecturally designed towers.

A vision for greater disability housing

Also ranking highly as a priority for the property development group is further investment in its iNSiTU Housing division, with an additional 30 Specialist Disability Accommodation (SDA) residences in the works.

The group has already completed several SDA Housing properties along the east coast, and is seeking to create the largest network of SDA Housing along the eastern seaboard with the delivery of numerous projects in the near future.

Mr Berry said Third.i aims to change the future of disability housing, by shifting their focus to targeting superior locations close to transport, shops and amenities.

“Not only do we want to create the largest network of SDA Housing along the east coast of Australia, but we also want to ensure we have best properties possible for our iNSiTU clients and we are thrilled to continue this journey into the new year.”

Luke Berry, Third.i

“Even with the challenges the world is facing with a COVID recovery, there has never been a better time to buy and invest in the type of properties we are creating. We are monitoring a number of exciting investment opportunities both in Australia and the UK and we can’t wait to share the details of them shortly.

“Watch this space as we have the best team in the industry, and we can’t wait to make our projects a reality,” concluded Mr Berry.

Third.i unveils $2.5B project pipeline and London expansion plans