CONSTRUCTION of Finbar’s $124 million Sabina Apartments is officially underway, with a sod-turning event at the weekend.
Melville Mayor Russell Aubrey, who manned shovels with Finbar chairman John Chan, chief operations officer Ronald Chan joint venture partner John Rubino and builder Gerry Hanssen, said its start was a key milestone in the group’s vision for the Canning Bridge Precinct.
“The City of Melville is committed to the revitalisation of the Canning Bridge area through supporting both excellent and sustainable built form design and appropriate land use mix which is provided by developments such as Sabina,” he said.
“This type of development is key to the success of our overall structure plan, designed to support growth and prosperity for Melville, with a focus on increased density in key activity centres connected to key transport corridors, offering the community improved housing affordability and diversity in these centres.”
Finbar chief operations officer Ronald Chan said the aim was to offer families, couples and younger buyers an opportunity to buy in the established area and provide older Applecross residents the ability to downsize in the area they loved while maintaining a luxury lifestyle.
“The strong market response across the range of one, two and three-bedroom luxury apartments has led to construction commencing in four months from the project’s public launch date, reflecting the demand for the location, the views on offer and the strength of the company and its track record in delivery,” Mr Chan said.
The 30-storey apartment development is stage one of Finbar’s three-stage Canning Bridge development.
It will feature 173 luxury one, two and three-bedroom apartments with resort-style amenities including a 25m heated pool and poolside cabana, gym, sauna, private dining room with kitchen, wellness room with massage table, cinematic and media hub, and business lounge with wifi.
At 908 Canning Highway, Sabina Apartments is near riverfront walking and cycle paths, public transport, the freeway, Raffles Hotel complex, Heathcote Reserve, schools, sporting facilities, food outlets, small shops and Garden City Shopping Centre.
Prices start from $420,000 for a one-bedroom apartment with winter garden balcony, $642,500 for a two-bedroom apartment, $900,000 for a three-bedroom apartment.
Sabina is expected to be completed by early 2020.