With half the apartments in Orange's 103 Prince Street project sold, developers say they're planning to have residents moving into their new homes by the end of next year.
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A construction start date on the city's first medium-density combined townhouse and apartment development by Maas Group Holdings will be confirmed once the construction documentation has been completed.
While the exact month the 60 dwellings will be move-in ready is yet to be finalised, Maas Properties' development manager Nick Whitton said he's happy with how the project is unfolding.
He said the final piece of the puzzle fell into place last month with the Western Regional Planning Panel having signed off on the project's DA helping to trigger additional interest from buyers willing to commit.
He said having an enthusiastic sales team on the ground, overseen by Urban Activation's Ben Small, and computer-generated images showcasing all aspects of the property, has also proved helpful during the sales process.
"I've been very pleasantly surprised that all the buyers are either Orange residents or from the broader Central West community including Bathurst and Dubbo," he said.
Mr Whitton said sales have also been boosted by Orange's reputation as the "epicenter of the Central West" with lots of amenities, including health care facilities servicing the region.
He said many buyers, the majority of whom are over 50, are attracted to the generous size of the apartments and the "no fuss living" the project offers in the centre of the city.
There are six one-bedroom apartments which all sold from $485,000; 27 two-bedroom apartments from $750,000; 27 three-bedroom apartments from $1.1 million, 16 townhouses from $1.7 million and two penthouses which were for sale from $2 million and have both been sold.
The apartments component of the development will be five-stores high and have a 93-space basement car park.
The townhouses on Dalton Street will be three-storey, all with lifts and basement car parking for 34 vehicles.
A feature of the project is a 2584 square metre public green space that sits between the residential buildings and will eventually be handed over to Orange City Council but will be landscaped and include a BBQ.
The development was designed by Newcastle architectural-firm EJE.
According to CoreLogic the median price of a unit in Orange is $450,130.
This development comes hot on the heels of Dubbo's first highrise-apartment development which is currently under construction.
Earlier this year the developers of No. 1 Church Street were given approval to extend the building's height to 15 storeys by adding two more floors to the CBD complex.
The building is set to be the tallest apartment complex this side of the Blue Mountains.
The original design included 13-storeys however under delegated authority, Dubbo Regional Council approved another 10 apartments being added over two floors.
Once completed the building, with a revised budget of $40 million, will have 80 apartments.
The development is the brainchild of Dubbo-based John Walkom, his brother Kevin and friend retail giant Gerry Harvey.
Tracey Prisk
I am a writer on the national property team and I cover real estate news in Orange, Bathust, Dubbo, Wagga and the Blue Mountains. I was previously the editor of the Central Western Daily for six years and before that worked as the CWD's chief of staff. During this time I also wrote feature stories for Country Style magazine. Before joining ACM I was a film writer and reviewer at the Sunday Telegraph. I was previously the editor of the film and television magazine Encore and also wrote for Broadcast Engineering News.
I am a writer on the national property team and I cover real estate news in Orange, Bathust, Dubbo, Wagga and the Blue Mountains. I was previously the editor of the Central Western Daily for six years and before that worked as the CWD's chief of staff. During this time I also wrote feature stories for Country Style magazine. Before joining ACM I was a film writer and reviewer at the Sunday Telegraph. I was previously the editor of the film and television magazine Encore and also wrote for Broadcast Engineering News.
