[+] Homebuilders Make Apartment Development Shift


Brisbane builder-cum-developer Graya has acquired a boutique site in the inner-eastern suburb of Bulimba as it makes the transition from homebuilder to apartment developer.

The project is a collaboration with local architect Bureau Proberts and is the second apartment development for Graya after “Maison” in New Farm, which is close to completion.

In this TUD+ Briefing, managing director Rob Gray takes us through the new project and Graya’s broader plans.

Gray said the Bulimba development, Canvas, was part of Graya’s philosophy of sticking to the best suburbs in Brisbane.

“Bulimba really stood out to us was one of those suburbs that is very desirable to live in,” he said.

“The exciting part about this project is that predominately the Graya product is unaffordable to most people, but as this project transpired, while it is still high-end, because we would never not do high-end, it is an affordable product.

“So, for the first time, we can really appeal to some classes of investors … we're really looking forward to dabbling in that market.”

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Article originally posted at: https://www.theurbandeveloper.com/articles/graya-homebuilder-moves-into-apartments