My Place Hawthorn begins construction six months ahead of schedule
Construction has begun six months ahead of schedule on Makshaq’s development My Place Hawthorn, with the project securing 65% in apartment sales in two months.
Located on Albert Street, My Place Hawthorn comprises of 151 one-, two- and three-bedroom apartments with designs by CHT Architects to attract younger buyers.
Head of Colliers International residential division Tim Storey spent time with Makshaq and the design team in the early days of the development to create a response to the current market demand.
“We looked at the Hawthorn buyer and what was important to them,” says Storey.
"Factors such as modern, very high quality finishes, car parking, and communal indoor and outdoor spaces with facilities the residents can enjoy and share with neighbours and friends.
“In approaching Jack Merlo we engaged him to create an exclusive urban sanctuary on the roof top that would appeal to all residents and add to the pride of living in My Place,” says Storey.
Residents will have access to a communal rooftop space with spas, indoor and outdoor kitchens and barbeques.
Remaining one-bedroom apartments are priced from $375,000 and remaining two-bedroom apartments are priced from $525,000.
Three-bedroom apartments are priced from $789,000 and have a second car space.
Colliers is currently in the process of securing well-known cafe tenants for the retail space below.
My Place Hawthorn has a scheduled completion date of January 2015.
My Place Hawthorn will join other Hawthorn East developments, Soltice Apartments and Elmington.
The median apartment price in Hawthorn East is $475,000, a 20.6% change in the past five years, according to RP Data.