Devine targets inner city Brisbane with luxury $82m Mode
Delivering style and luxury; Mode is a boutique development that will feature 157 one and two bedroom apartments over 12 storeys. The cutting-edge building will offer a variety of premium designs, with many apartments featuring city views and the lower level apartments featuring private, leafy courtyards.
Mode is Devine’s second apartment project in the area, following the success of DoubleOne 3 in nearby Teneriffe, which was completed in July. DoubleOne 3 welcomed its first residents in July, and the few remaining apartments are selling fast.
Devine General Manager Apartments and Development Cameron Mana said it was an easy decision for the company to reinvest in the Newstead/Teneriffe area.
“The success of our DoubleOne 3 project reaffirmed our strength for developing quality projects in this high-growth inner-city location,” he said.
“We believe Mode will be highly sought after with buyers due to its premier location, its product mix and design, and its timing in the market. The Brisbane apartment market is experiencing a strong uplift in sales activity, and Newstead, particularly the city-side, is emerging as a real hot spot for astute property buyers.
“Newstead appeals to young professionals due to its proximity to the city, the river and amenities. It is growing at a rapid rate, with the new $1.1 billion Gasworks development, just 50m from Mode, providing shops, cafes and bars for the area.”
Mode is expected to deliver solid investment growth, with the Real Estate Institute of Queensland (REIQ) Housing Market Review for the June quarter revealing that Teneriffe was the best quarterly performer in the Greater Brisbane region, with a 13.4 per cent increase in median values to $1,202,160.
Devine has ensured that Mode’s design will set the benchmark for sophisticated living in the area. Designed by Cottee Parker Architects, Mode’s architecture is inspired by the rich heritage of the Newstead/Teneriffe area and utilises a mixed palette of industrial materials including glass, steel and textured brickwork.
“The lower two levels of apartments facing Wyandra Street have been designed to provide an urban sanctuary with larger balconies that have been raised above the street to provide privacy for the occupants,” said Cottee Parker Architects Associate Adam Pope.
“The upper level apartments utilise expansive glazing to take advantage of the surrounding views and vistas to both the river and the city.”
Sleek and sophisticated, all apartments offer a combination of high quality inclusions and modern finishes. Each apartment also comes with its own secure car park.
There is also a rooftop common area that has been designed as a relaxed subtropical retreat with intimate seating nooks and communal BBQs.
Residents of Mode will enjoy a vibrant, cosmopolitan lifestyle, said Mr Keir.
“Mode is located in the heart of a highly desirable lifestyle precinct offering boutique shops, bars, casual eaters and restaurants,” he said.
“Mode is positioned on the fringe of Gasworks Plaza, featuring more than 30 retailers including a full-line Woolworths, restaurants and cafes, a gym, chemist and fashion boutiques. The James Street and Emporium lifestyle precincts are also just up the road.
“Residents will be an easy stroll from the Brisbane River, parklands and riverfront walkways and cycle paths. Access to the Brisbane CBD will also be easy, with the CityCat ferry and City Glider terminal just 350m away, with direct links to the city and three major universities.”
Mode apartments are now selling. For more information on Mode visit www.modenewstead.com.au