Ringwood Residences brings New York to Melbourne’s outer east
Downsizers attracted to a New York lifestyle are flocking to a new Ringwood development that combines hotel serviced apartments with private residences.
The Ringwood Residences, at 301 Maroondah Highway, will soar 15 storeys, with the first six levels dedicated to Holiday Inn apartments and floors seven to 15 made up of about 76 private residences.
Urban Activation sales general manager Lucas Giannotti said 30 apartments in the Ninety Four Feet development had already sold, predominantly to downsizers.
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“Nothing like this has been provided in Ringwood before,” Mr Giannotti said.
“This development is about bringing the city to the suburbs. It’s very New York.”
Those living at Ringwood Residences will have access to all the hotel’s facilities, including a concierge desk, fitness centre, swimming pool and communal garden. There will also be a dining and buffet area, hotel kitchen, children’s area, lounge areas and conference rooms.
“The concierge booking services and having that level of security, and the warmth of having someone greet you at your front door is a big plus,” Mr Giannotti said.
The private residences will be a mix of one-, two- and three-bedroom designs with up to two bathrooms and up to two basement parking spaces.
Encased in a landmark building with a staggered facade and cascading greenery, the private apartments feature timber floors, porcelain benchtops and splashbacks, large outdoor terraces and floor-to-ceiling windows offering views across Ringwood Lake and to the Dandenong Ranges.
One-bedroom apartments are priced at $369,000-$399,000, two-bedroom designs are $479,500-$725,000 and three-bedroom layouts are $825,000 and $899,000.
Mr Giannotti said buyers were coming from suburbs such as Chirnside Park, Croydon and Boronia, with the redeveloped Eastland shopping centre, the train station, easy access to the city and proximity to EastLink other drawcards.
He said 82 apartments were initially planned but the developer had allowed buyers to snap up more than one apartment and redesign larger floorplans.
This could continue where possible, further reducing the number of private apartments.
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Construction is due to start in June, with completion expected in the first quarter of 2021.