Pointcorp secures off the plan sales at Fabric in Teneriffe

Pointcorp secures off the plan sales at Fabric in Teneriffe
Pointcorp secures off the plan sales at Fabric in Teneriffe

Developer Pointcorp sold out 50 percent of its residential development, Fabric in Brisbane's Teneriffe.

The weekend result saw the issuing of 35 contacts for a combined $23 million in sales.

"We were confident there is still a strong market in Brisbane for large quality apartments in exceptional locations and the weekend results confirm this," said Pointcorp director Godfrey Esmonde.

He noted the area has gone from being a heavy industrial region once dominated by heritage wool stores, warehouses and naval buildings to now undergoing a significant gentrification process with a modernised yet eclectic mix of heritage residences, dining and extensive commercial offerings.

"As one of the upcoming suburbs of the region, there’s a lot of promising commercial and residential activity occurring in the area.

Fabric is the only brand new development in the area, but takes inspiration from the patchwork of neighbouring wool stores and warehouses surrounding the area as well as NYC’s sleek loft conversions. 

"In a landmark position on the curve where the beauty of Florence Street meets the convenience of Commercial Road just 2.5 km from Brisbane’s CBD, Fabric’s architecture will be woven into Teneriffe’s vibrant social, creative, eclectic and cultural hub," he said.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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