The project launched in April 2022, selling out within a matter of weeks. Construction expected to be complete by January 2025.
A groundbreaking ceremony has recently been held at the $180 million Lindfield project, Balfour Place, signifying the beginning of construction with demolition works wrapping up.
Australian developers Third.i, in conjunction with joint venture partner Phoenix Property Investors, are behind Balfour Place, which will comprise 59 apartments on top of 4,500 sqm of retail and hospitality spaces, including a brand new Coles supermarket.
The project launched in April 2022, selling out within a matter of weeks. Construction is expected to be complete by January 2025.
It recently won the Best Mixed Use Development of The Year at the 2022 PropertyGuru Asia Property Awards.
On the award win, Luke Berry, Third.i. Co-Founder, said the development had struck a chord with the Lindfield community.
“Balfour Place is truly at heart of what we do and a true example of how we’re building communities by listening to the needs of the market,” Berry said.
“The level of design and architecture has been carefully curated and I think it’s struck a chord with buyers who have recognised that we had larger living spaces on offer in an idyllic location with lifestyle amenities on your doorstep.
“It truly will be a legacy destination for the area and we couldn’t be more thrilled to commence construction.”
Australian builder Conquest has been appointed as the project builders, with Balfour Place adding to their project portfolio which includes the Crowne Plaza Sydney Burwood, The Greens Strathfield, La Luna Burwood and Soho Burwood.
First home buyers and young families are among those set to call Balfour Place home.
With a collection of one, two, three and four-bedroom residential apartments, residents will benefit from private courtyards and a shared rooftop garden space to be built on top of a brand new large format Coles supermarket.The Coles grocery hub will be double the size of the existing store and will include a Liqourland and heritage commercial space fronting the Pacific Highway.
Over 230 car parking spaces will also be available spanning across two levels.
The apartments were reduced from 70 to 59, after Third.i’s research suggested there was more appetite for larger apartments.