Spectacular views and meticulous workmanship are being lauded as Iris Capital unveils the final building in stage one of the East End development.
Residential apartments in Fabric House go on sale on Saturday, earlier than the initial planned release.
The first two buildings in the East End development have received a “phenomenal” response, according to Iris Capital chief executive officer Sam Arnout, prompting the landmark building on Wolfe Street to be fast-tracked to market.
Fabric House will be unveiled on Saturday and Dane Crawford, of Colliers International, expected “a flurry of people coming to secure their piece of history”.
“This is my favourite building so far, out of stage one,” Mr Crawford said.
“How that new piece is actually integrated into that old existing art deco building is something truly remarkable.
“The brick detail in this building is exceptionally complex. They are going to hand-lay each of those bricks and it’s almost like a painting. It’s not just like a concrete tilt-up scenario.”
Fabric House will comprise 57 “bespoke” apartments. There will be split-level New York style residences set in behind the heritage facade and four penthouses with harbour and city views.
“There’s a lot of workmanship that’s going to go into this building and I think that probably gives a bit of a nod to that existing art deco building,” he said.
“This building really resonates of what Newcastle is all about, and that’s recognising its rich history.”
Fabric House apartments will range from $490,000 to “close to three million dollars”.