Thirdi will break ground on its 184-apartment Dairy Farmers Towers project later this year after it was given the green light this week.
The two-tower development in Newcastle’s West End will comprise one, two and three-bedroom apartments above a five-storey residents’ only work hub, which includes 1600sq m of commercial and retail space.
The towers will also include eight specialist disability accommodation apartments, and Thirdi is collaborating with CoPosit to allow purchasers to buy a property with just $10,000 in savings and the remainder of the deposit is paid in weekly instalments.
Thirdi co-founder and director Luke Berry said the project would unlock affordable housing entry points in the booming Newcastle region.
“We are thrilled to receive our development approval from the council for Dairy Farmers Towers, a project that is providing achievable deposit schemes for those looking to secure their slice of the real estate market,” Berry said.
“The West End is quickly becoming Newcastle's beckoning lifestyle hub, complete with an eclectic mix of urban flair and character.
“Dairy Farmers Towers joins our stable of West End projects and has already become a legacy project for everyone to enjoy.
“Using the CoPosit scheme can also save buyers money in the long run as well as securing a new build property now rather than buy one after completion at higher prices, which has seen a lot of buyers traditionally priced out of the market.”
Dairy Farmers Towers includes co-working spaces, cabana pool areas with a lap pool, a wine bar and cellar, a state-of-the-art gymnasium and a pilates studio, as well as multiple function rooms.
The green-lit Newcastle West site was once home to Dairy Farmers—one of Australia’s largest dairy producers. In a nod to the history of the site, Thirdi has reimagined the heritage-listed, iconic milk bottle and clock towers as part of the project through a pedestrianised, broader public art installation.
“Residents will have some of the best views in town, as well as access to the harbour, great dining and entertainment options, and the transport interchange at their doorstep,” Berry said.
“We wanted Dairy Farmers Towers to be a West End icon, a landmark reborn to create a new chapter as a great place to live, work and play.”
Thirdi recently won approval for its JV office project Warada on Walker in North Sydney.
