Property’s key company executive Joe Nahas, CEO of Coronation Property is collaborating with Jamie Durie to breathe life to the iconic 8 Philip Street. The latter, who is a famous landscape architect and a celebrity gardener, has created a lush landscape design that would be incorporated into the luxury tower’s façade. Jamie Durie wants to add a floating forest and trapeze garden on the part in front of the building so as to give it a lavish entrance that the guests would surely love.
Coronation Property also collaborated with Woods Bagot for the building’s layout. The architecture firm won the competition to design the project in Parramatta. On a side note, the firm has been acclaimed for doing a wonderful job in designing the Gild and The Bindery. The luxury tower’s every nook and cranny is expected to be finished by 2020. The 8 Philip Street will be home to 300 residents. However, unlike other similar buildings, the upcoming residential building will feature a hotel-like accommodation like a boutique QT Hotel accommodation, QT bar & grill restaurant, Spa Q, event and ballroom halls, and the Studio 54. The last one is a rooftop bar that can serve 600 guests while they enjoy a wonderful view of the city.
As 8 Philip Street started to come to life, Joseph Nahas, Coronation Property’s Managing Director, helped the company succeed with the sales for the first stage of the residential tower. About 200 entities have expressed their interest in purchasing a unit even before the launch of the sales event. The strong response from the public resulted in a total of $110 million worth of sales for Stage 1 and buyers even showed interest in buying the second stage of the building. Individuals who wish to own a unit must be ready to shell out at least $459,000.
Bob Reiman’s purchase was the most notable transaction. The local businessman spent $3 million for a split level penthouse. Giving a recount as to how he came up with the decision to spend that much, Reiman said he was amazed at the super finishes and design of the unit that he acquired and the entire building itself. He changed his plan to buy a regular 3-bedroom apartment to a more lavish unit because he believed that it was a profitable investment. He stressed that it was a good buy because of its location and the unique offerings of the building.
On a different note, Jason Soulus, Coronation Property’s Sales Director also expressed his satisfaction over the impressive of the local community towards the real estate project. He reiterated that various parties started contacting them and many of those who were interested were people residing or working within Parramatta. Soulus added that the company, Coronation Property, expects the better than expected sales to continue especially with the recent launch of the project gallery and display apartment of 8 Phillip Street. These showrooms are located at the level one of the tower.
Inside the project gallery, prospective buyers will have an immersive experience when they get a sneak peek of the tower’s unique offerings. They will see these by getting a virtual reality tour in the respective booths set up in the project gallery. They can also visit the display apartment, which is complete with a living room, dining room, kitchen, bathroom, powder room, laundry, and a balcony. More buyers are anticipated to take advantage of the great offer and acquire either a one, two, three bedroom apartment, a studio, or maybe a penthouse.