Office buildings come down to make way for West End Vida development

Nicola TrotmanDecember 7, 2020

Two office buildings have come down in West End Brisbane to make way for Pointcorp’s $105 million Vida riverfront development, with construction to commence in the coming weeks.

The development is currently 97% sold and has recorded $94 million in sales since launching to the public mid-2013.

"This is the first step in the construction process and means the project will soon become a reality," says Pointcorp director Chris Vitale.

"We are excited to be preparing to get out of the ground, just six months after Vida was launched to the market.

"The response to the project has just been phenomenal, with more than 74 per cent of the apartments sold within a fortnight of its release,” says Vitale.

A selection of apartments remain priced from $800,000, including two- and three-bedroom apartments and a five-bedroom, four-bathroom penthouse priced from $3 million.

Property Observer reported in November that three penthouses had sold off-the-plan, totaling $8.9 million.

“We identified the demand, and lack of supply, for apartments close to the city centre that were designed for the owner-occupier market and released Vida to fill this void.

"The apartments are larger than the average on offer in Brisbane and include top shelf fittings and finishes.

“The final apartments are all in fantastic locations within the development, with either absolute Brisbane River views or suburban vistas,” says Vitale.

Vida will feature 144 apartments across two 12 level buildings and a ground floor retail precinct with four tenancies.

Designed by Cottee Parker, Vida’s exterior will feature a four-metre high green wall and fig leaf screen and residents will have access to a rooftop pool and gymnasium.

Apartments will feature exposed concrete ceilings, track lighting and American oak timber flooring.

A call was put out almost immediately for tenders to build the project, following strong buyer demand.

The development will take around 18 months to complete with purchasers expected to move in mid-2015.

The median apartment price in West End is $213,750, a 21.1% decline since last year.

news@propertyobserver.com.au

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

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