Haven a $64 million boost
KIERAN ROONEY The TOWNSVILLE BULLETIN AUGUST 15, 2015
A BRAND new large-scale housing development has been released for Townsville’s inner-city market, with the project expected to inject $64 million into the local economy.
The project, known as Haven, will be made up of 200 home and land sites on Hugh St at the western base of Castle Hill.
With 7.6ha of space, the area is one of the largest undeveloped inner-city land sites.
Ellis Developments CEO Stephen Ellis said the project was developed because of Townsville City Council’s push to do more with unused inner-city land parcels.
“Haven is one of the last remaining large-scale residential sites near the CBD,’’ he said.“It was master planned to include a wildlife corridor more than 1km long and 50m wide surrounding the site.
“Each home will have stunning mountain or park views.”
Mr Ellis said the estate would appeal to investors and buyers looking for high-quality, cutting-edge design.
“The Ellis Developments design team has worked meticulously on every detail ensuring the Haven designs are synonymous with timeless sophistication,” he said.
“Central Park (inside the development) will accommodate exercise equipment, bike paths and even free Sunday yoga sessions for residents – and it’s all right on their doorstep.”
The first 12 home and land packages have already been released to a select group, with a third of them already sold or on hold within a week of being offered.
REIQ zone chair Damien Keyes, of Keyes & Co Property, said the project was a positive sign for the local market.
“Any sort of investment like that is always welcome and it’s a good sign to see that on the city fringes,” he said.
“There’s definitely a market for these packages in the area and it looks like this one in particular will also target those discerning buyers looking for their second to third home.
“Each announcement like this brings its own level of optimism to the market and it has follow-on effects that benefit everyone from builders to other sellers and buyers.”