CONSTRUCTION of the $50 million Palmyra Apartments Estate stage 1 is underway, with the first sod turned last weekend.
Palmyra Apartments Estate East is the first of two stages in a joint venture between Finbar and Golden Egg Farms to build 258 apartments at the former Golden Egg Farms site between McGregor Road and Leach Highway.
Melville Mayor Russell Aubrey did the honours at the ceremony accompanied by Finbar chief operations officer Ronald Chan, Golden Egg Farms director Greg Kendall, builder Gerry Hanssen and McGees Property selling agent Robyn Schneider.
Mr Chan said the market had responded very well to the development.
“Today’s soil-turning ceremony is a significant milestone both for Finbar and our excited purchasers, the majority of whom are first-home buyers who have recognised that this development represents a unique opportunity to buy a brand new high-quality apartment in a great suburb at an affordable price,” he said.
Mr Aubrey said the development would bring a new level of vibrancy to the area.
“Palmyra Apartments Estate represents a transformational project in Palmyra, providing high quality affordable apartments and a great level of residential diversity in a location that is well supported by existing infrastructure including roads, public transport, recreation areas and schools,” he said.
“This development is a great example of successful urban renewal combining contemporary building design with extensive native landscaping that is in keeping with its surrounds.”
Palmyra Apartments Estate East at 43 McGregor Road will feature 128 apartments and communal facilities including a fully equipped gym, residents’ lounge, resort-style solar-heated swimming pool, spa, sauna, barbecue cabana area and extensive landscaping.
Stage 1 comprises 24 one-bedroom, one-bathroom homes plus one car bay priced at $259,000, 90 two-bedroom options with one bathroom plus one car bay at $349,000 or two bathrooms plus one car bay at $369,000, and 14 three-bedroom, two-bathroom configurations plus two car bays at $495,000.
It is expected to be completed by mid 2019.
The development is near shops, public transport, highways, Royal Fremantle Golf Course, Hawiian’s Melville, Fremantle, Garden City, Point Walter and South Beach.