Development company Aniko Group is set to deliver a landmark new residential project to the fast-growing northern suburb of Hope Island with construction underway on its $140 million upmarket project known as “No. 1 Grant Avenue”.

The project is set to answer the call for more apartments in the high growth Hope Island area which currently has a critical shortage of apartment dwellings.

At a glance:

• Construction begins on $140 million project known as No 1 Grant Avenue in Hope Island
• The project will comprise 210 apartments located on an 8390 square metre waterfront site
• Apartments in the first stage will range in size from 86 square metres to 199 square metres with prices starting from $369,000

Aniko Group founder, George Mastrocostas said the commencement of construction came ahead of schedule as a result of strong market interest in the project.

“We’ve taken this project to the market and the level of interest has well exceeded our expectations,” said Mastrocostas.

“It’s a milestone development and one of our most impressive projects to date.”

No. 1 Grant Avenue will comprise 210 apartments with a luxurious twist that will bring all the trappings of a luxury resort for residents to enjoy.

The first stage at No. 1 Grant Avenue will comprise 105 apartments, ranging from one-bedroom, plus study to three-bedroom, plus study residences.

Apartments will range in size from 86 square metres to 199 square metres with prices starting from $369,000.

The upmarket development, strategically located on an 8390 square metres of waterfront site, is poised to further transform the central Hope Island precinct following the recent opening of the $65 million Hope Island Marketplace located adjacent to the site.

Mastrocostas said the project incorporated a range of lifestyle elements which would help to enhance the day-to-day lives of its residents.

“We want each and every one of our buyers to feel right at home at No. 1 Grant Avenue, so we have honed-in on the finer details and believe this will really show in the finished product,” he said.

“Not only have the individual apartments been thoughtfully designed, but we’ve extended this out to the communal areas in order to create a sense of community.

“Buyers will have full access to everything from a zen garden to a resident’s lounge, expansive pool and a fully equipped gym which will no doubt encourage a wider interaction with fellow neighbours and create that feeling of belonging,” he said.

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