With the successful first stage of East Side Quarter (ESQ) now in its final stages of construction, ESQ developer CABE has confirmed continuation with building partner Astina Group for Aqua – Stage 2 of ESQ.
Aqua will be positioned next to Stage 1, on the north side of the Panthers Precinct in the heart of Penrith’s Entertainment Quarter.
Following the success of Stage 1, Aqua has reached 70 per cent of pre-sales since launch, with construction set to commence in the second half of 2020.
“CABE has developed a strong partnership with Penrith-based company Astina as our building partner for Stage 1 of East Side Quarter and are excited to be moving forward into Stage 2 with Astina,” said Andrew James, Chief Executive Officer of CABE.
“Both CABE and Astina are passionate about the Penrith area and share a vision and commitment to delivering this unique development to the Penrith community. Given the current environment we are pleased to see the continued progression of the project, which will directly benefit the local community with over 500 locally sourced tradesmen employed over each stage.”
Astina is a well-established builder with an impressive track record of projects in Penrith including City Vista, East Bank, Home on High and Astina Suites.
“We are very honoured to be given the opportunity to deliver this project for Penrith and to be partnering with CABE again for the second stage of East Side Quarter,” said William Schrumpf, Director of Astina.
“This type of development which is designed around resort-style living with impressive communal facilities is a first for Penrith. As a locally operated family business, we are very proud to be part of the delivery team for East Side Quarter which will offer a new lifestyle for our growing community.”
Aqua is aptly named for its awe-inspiring resort style pool complete with landscaped gardens. Aqua will also feature a private rooftop terrace complete with an open-air cinema, BBQ facilities and entertaining areas with sweeping Mountains views.
Aqua will consist of 97 luxurious one, two and three bedroom apartments with timber flooring, floor to ceiling glass windows, stone kitchens and Smeg appliances. It represents a unique combination of luxury combined with idyllic community spaces.
The first two stages of ESQ are part of the 850 apartment master-planned development that will feature a retail precinct, lake front dining plaza, communal spaces and landscaped boulevards, nature walks and running tracks.