It will not hold the claim for long, but for now Aero is believed to be Newcastle’s tallest residential building.
Residents are set to move into the 14-storey apartment development on Hunter Street which has just been completed.
It has been delivered by GWH Build, which is part-owned by prominent Hunter developer Hilton Grugeon and is responsible for dozens of industrial, retail and residential projects throughout the region including shopping centres at Rutherford and Tanilba Bay, and the Mercure Hotel at Newcastle Airport.
As managing director Jonathan Craig stood atop the completed building on Thursday he said there was “a sense of achievement” from the project which was delivered in a 12-month time frame.
“It’s the biggest residential project that we’ve undertaken and I think it’s a testament to the team as a whole, not just the construction guys, but the development guys, the planners, the architects; to be able to do this in 12 months has been pretty incredible,” Mr Craig said.
“When we first started looking at this site three years ago we had a lot of people saying, ‘Why the hell are you buying a site there?’.
“But we knew what was going on around here with the infrastructure, the interchange and the light rail and what was happening here in Honeysuckle, the uni, and we thought, what better place to capitalise, so it made sense for us.”
Located at 770 Hunter Street, the $27 million development comprises 45 apartments – a mix of one, two and three bedrooms – and two commercial spaces at street level.
A three-bedroom apartment at Aero sold for between $870,000 and $964,000 and residences were mostly secured by local buyers.
The building’s crowning glory is a communal rooftop terrace with 360-degree views of the region.
“The feedback from the buyers has really been the architectural design. It’s something different for Newcastle, it’s really stepped it up,” Mr Craig said.
“This rooftop area, which was something we really heavily promoted, is obviously a great space and will be a good place for the residents to socialise and to take advantage of the view.”
Twin tower development Verve on King Street is under construction and will surpass Aero at 19 storeys tall. The Miller Property Corporation is scheduled for completion mid-2019.
Two of GWH Build’s other residential projects – Waterview at Belmont and Soho Apartments at Islington – will also be completed by Christmas.
It is also set to begin construction on Centrale apartments in Broadmeadow and Highpoint Charlestown in the new year.
Mr Craig said there were also other big projects in the pipelines.