Development News: Construction begins on Highpoint Apartments in Charles Street, Charlestown

TAKING SHAPE: Construction has started on GWH Build development Highpoint at Charlestown.
TAKING SHAPE: Construction has started on GWH Build development Highpoint at Charlestown.

Building has begun on Highpoint Apartments which are set to become Lake Macquarie’s tallest residential tower.

The GWH Build development in Charlestown’s Charles Street will be 16 storeys, comprising a mix of one, two and three-bedroom apartments.

One buyer has purchased two of three penthouses on offer and worked with GWH Build to reconfigure both into one home.

GWH is also in the construction phase for Millhorn Apartments in Wickham and Centrale Apartments in Broadmeadow.

An artist's impression of Parkrise Apartments in "hot spot" Islington

An artist's impression of Parkrise Apartments in "hot spot" Islington

Highpoint is one of a number of developments under construction in the region.

In Fennell Bay, a sold-out development on the site of the former Fennell Bay Community Hall is starting to take shape.

The boutique development by 35 Latitude features nine townhouses and four villas.

35 Latitude’s Brett Brookfield said the development was “in a prime location and really showcases what Fennell Bay has to offer”. 

In Fennell Bay, 35 Latitude's development on the site of the former Fennell Bay Community Hall is starting to take shape.

In Fennell Bay, 35 Latitude's development on the site of the former Fennell Bay Community Hall is starting to take shape.

Rick Gittins, of Gittins Property, is marketing two new developments, one in Islington and the other in Lambton.

Parkrise Apartments will be located on the corner of Maitland and Islington roads and opposite Islington Park. There will be two commercial suites and nine residences – seven two-bedroom, two-storey homes and two one-bedroom apartments.

Two two-bedroom homes have been sold off the plan.

Mr Gittins said Islington was “a bit of a hot spot at the moment”. The suburb’s stocks rose in 2017 with the median sale price rising from $558,000 for 37 sales in 2016 to $683,750 for 40 sales last year, according to Australian Property Monitors.

Parkrise one-bedroom apartments start from $425,000 and two-bedroom homes from $575,000.

Mr Gittins is also marketing Tathra in Lambton’s Tathra Road comprising seven terraces with street frontage. Prices start from $598,500 for two-bedroom homes and $655,00 for three-bedroom residences.

Parkrise and Tathra have Development Application approval and construction is due to commence within the next two months.