Joseph Nahas, Coronation Property’s Managing Director spoke about the company’s latest project, the 8 Phillip Street. He said the Australian development firm’s goal is for this structure to become a significant part of Parramatta. He stressed that the country is blessed to be home to some of the world’s finest architects who knows how to build structures that take into account the country’s culture, heritage, and history. He said the local community would delight from the unique offerings that the luxury tower will provide. It will not only have lavish hotel facilities but still maintain the privacy aspect for the building’s residents.
He also highlighted that 8 Phillip Streetis going to be one of the handful developments outside Sydney’s Central Business District that possesses a modern design and gives a contemporary lifestyle offering to the local community. Joseph Nahas also talked about the public sale of first stage of Coronation Property’s 8 Phillip Street. Before the launch, about 200 expressions of interest for the residential building were already given to the company. Because of the strong response, the company sold a total of $110 million and Stage 1 of the building was sold out in a matter of hours. Interested parties also took to buying the second stage of the tower at a faster-than-expected rate. A local Parramatta businessman, Bob Reiman, made the most notable purchase. Reiman bought a split level penthouse in 8 Phillip Streetfor a record price of $3 million.
When asked about the technical details of the residential tower, Joseph Nahas did not hesitate to share some pertinent information. First of all, he said that the design of the building was made by Woods Bagot. The selection was made by the City of Parramatta during a design competition with two other renowned participants, namely FJMT or Francis-Jones Morehen Thorp and SJB. FJMT is an architectural firm that takes pride in creating impressive structures that benefits businesses and the economy of the place where the building stands. Meanwhile, SJB,is also a known company that is currently working on the last stage of The Paper Mill Precinct, The Foundry as well as the overall master plan precinct.
The design of the 8 Phillip Streetis expected to improve the standards of mixed-use apartments not only in Parramatta and in other parts of the world as well. Nahas described the design of the tower as truly visionary and was also proud to say that it exceeded their expectations. Once completed by 2020, Coronation Property’s 8 Phillip Street will boast of 54 floors and of which, 35 levels will be exclusively for apartments. Another 14 levels below the apartments will be for a five-star hotel, the QT Hotel accommodation. It will feature 205 standard deluxe rooms, 50 executive deluxe rooms, and two QT rooms. It will also feature other unique offerings like a QT bar & grill restaurant, a 200-ballroom hall, an alfresco infinity pool as well as event and meeting venues.
Woods Bagot’s Director Domenic Alvaro and Coronation Property’s Joseph Nahaswill be working closely together. As mentioned earlier, the former will be responsible for the tower’s design. Meanwhile, a world-class talent, Jamie Durie, will work on beautifying the landscape of the building’s surroundings. Coronation Property wants 8 Phillip Street to become an iconic building in Parramatta not only because of its design but also because it highlights existing historical places. The luxury tower aims to improve the vibrancy in the area both day and night, encourage the community to take pride in its amazing views, and offer the locals with an amazing view of the metro itself, the Parramatta River and Sydney’s Central Business District.