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Albert Place Residences: Gurner's latest luxury project sold out

The Property Addict / Distinct Dwellings

Jul 10 2017

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Luxury property developer, Gurner has announced the incredible success of its latest development, Albert Place Residences, achieving $140m in sales and 97 percent sold in just two weeks. Gurner is now releasing the very final two penthouse residences that were initially held off the market in order to satiate this overwhelming demand, which has been fueled largely by downsizers and local owner occupiers. The luxury-appointed development, architecturally designed by Elenberg Fraser and with interiors by David Hicks Design, launched to the market with 160 residences, however due to the high volume of apartment amalgamations from downsizers, the final number of residences is now 140. The resulting layout has created 8 half-floor residences all worth between $4.5m - $5.5m and an average per-dwelling price of well over $1 million. albert-place-2 Gurner founder and director, Tim Gurner said this latest project had aimed to test the scale and breadth of the downsizer market, with over a third of the residences designed as three bedroom offerings. "We took a calculated risk and designed around third of the floorplans as three bedroom offerings. Given the sheer number of larger residences created within the project that have a higher price-point I was initially nervous however this decision has paid off in spades with all of these particular offerings selling to local owner occupiers. "In fact the demand for larger three bedroom residences was so intense we ended up amalgamating a further 20 residences into larger three bedroom residences over and above our original floorplate allocation." Inspired by Gurner founder, Tim Gurner's love of New York City and in particular, the 5-star hotel luxury that is expected as standard along the Upper East Side, Albert Place Residences has been designed to exude a sense of "Ë?old world' charm, style and sensibility that New York's luxury hotels are so well known for. albert-place-1 Standing tall on its unique triangular site in a fluid, curvilinear form not unlike New York's famous Flatiron building and GURNERâ??¢'s own "Ë?Flatiron' residential project in Brisbane, future residents will be greeted by a full time concierge and valet service before entering an incredible lobby adorned with black marble, scalloped columns, timber herringbone walls and a feature floor made from checkered black Nero Marquina and white Carrara marble. Once inside, no expense has been spared on the amenity " aptly titled The Prince's Club - which includes a moody, New York-inspired long room, lounge area and cards table, framed by a library, pool table and wine cellar with 52 individual wine lockers for owners, holding over 2,500 bottles of wine. On the level above, drawing inspiration from traditional Turkish baths and elite private health clubs from around the world, The Prince's Baths features a full-length lap pool, sunken spa, sauna and lounge area with open showers and change rooms. Once inside the apartments, David Hicks' signature style is embodied throughout each interior touch, in the form of custom gold or silver chrome tapware and custom joinery, natural stone benchtops and splash backs with optional Miele or Gaggenau appliances and recessed coffered ceilings featuring LED strip lighting throughout. albert-place-3 Herringbone timber flooring can be selected as an upgrade along with stunning custom TV cabinetry and a custom David Hicks-designed breakfast bar to the balconies, elevating these apartments to a level of excellence that is unsurpassed on the market. For the ultimate luxury buyer, Gurner has crafted a penthouse collection that is even more unique and personal in the form of the "Ë?David Hicks Signature Collection' " a series of two-level penthouses that includes only the most beautiful and enduring finishes to the satisfaction of David Hicks himself. Each Albert Place penthouse includes all upgrade options as standard, along with Gaggenau appliances, double length kitchens, between three and four bedrooms, spacious double-height entertaining areas with dramatic voids, and its own private plunge pool as its centrepiece. For sales enquiries please visit www.gurner.com.au.   Save

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