TriBeCa Terraces reach major milestone

Buyers have welcomed a new era of inner urban living in Bulimba by bringing close to $20 million in sales to the suburb’s luxurious new TriBeCa Terraces project.

Offering freehold residential living with all the space, finishes and style of a freestanding home, TriBeCa Terraces offer two and three storey contemporary residences in one of Brisbane’s most sought-after lifestyle suburbs.

The development’s 53 residences are now under construction just a 10-minute walk from the area’s chic Oxford Street precinct.

Di Carlo Property Group director Joshua Di Carlo said the developer was thrilled that enthusiastic pre-launch interest in TriBeCa’s offering had translated into strong sales as the project progressed.

“We wanted to strike a chord with the market by delivering a deliberately distinct product in this extremely popular inner-city area, and buyers have responded well,” Mr Di Carlo said.

“TriBeCa Terraces delivers the space and scale of freehold home ownership in the context of an inner-urban development and all the advantages this entails.

“We have shaped TriBeCa to suit the more discerning and sophisticated buyers that are increasingly drawn to this unique inner-city pocket.”

Taking its name from the hip Manhattan neighbourhood, TriBeCa’s luxury homes offer large living and kitchen areas, multiple balconies, generous third bedrooms, multiple bathrooms, ground-floor courtyards, double garages, extensive landscaping and recreation areas.

Finishes include marble features, high-end Miele appliances and extensive walk-in robes, all of which can be viewed in the display suite.

Sales agent Sam Patterson, of Duke Realty, said buyers were identifying the outstanding value and opportunity that TriBeCa’s residences represent.

“To purchase a house in Bulimba you need to be spending minimum $1.5 million and closer to $2 million for a home with the level of TriBeCa’s finishes,” Mr Patterson said.

“Empty nesters who are looking to downsize can get the high-level TriBeCa finishes for around the $850,000 mark and still have money left in their pocket after they sell the family home.

Mr Patterson said TriBeCa is a great opportunity for buyers looking to gain a foothold in the Bulimba property market.

“The area is experiencing a growth of high quality developments that will deliver an exceptional lifestyle to those fortunate enough to reside on this northern facing sweep of the Brisbane River,” he said.

TriBeCa’s residents will have access to a range of lifestyle facilities, including generous storage for bicycles and two recreation areas encompassing a luxury swimming pool and lush outdoor entertaining areas for exercise and relaxation.

The project is taking shape on a site stretching from Banya Street to Johnston Street, and just a short walk from a ferry terminal and Oxford Street’s vibrant retail, dining and entertainment hub.

TriBeCa Terraces is part of an extensive portfolio of residential, commercial and mixed-use projects undertaken by the family-owned Di Carlo Property Group across South-East Queensland since the mid-1980s.

The group’s residential developments encompass townhouses, apartments and land subdivisions, with recent projects including Ebony + Ivory at Coorparoo and Element Bulimba.

Prospective buyers can learn more about TriBeCa Terraces at the sales office at 90-94 Oxford St, Thursday from 4pm to 5.30pm and Saturday from 2.30pm to 4pm, calling 1800 956 999, or by visiting tribeca-terraces.com.au.