Nova City – $550 million Cairns Project now commencing
The long-awaited construction is now commencing on the first of seven towers in the development, the 17-storey “Nova light”
This development by World Class Global (part of Singapore’s Aspial Corporation), will transform the 24,000 sqm development site located along Spence Street over the next few years, until the scheduled completion in the mid 2020’s.`
The on-site display centre has an Artists’ impression of the $550 million project showing a stunning glass and steel facade incorporating 1150 units with both residential and commercial elements.
At ground level, the “Nova Boulevard” will be lined with a vibrant array of dining, entertainment and retail
Set to be the Tallest Residences in Cairns – Nova City sets a new benchmark for apartment living and will change Cairns’ skyline forever. http://novacity.com.au
The piling works were awarded to local company LDI Constructions, but the decision on who will get the lead construction contract is still not publicly released.
The project will inject hundreds of new jobs into the local economy, mainly in construction early on and array of permanent jobs within retail / hospitality once complete.
Cairns Mayor Bob Manning expects this project will inject new life into the city.
“There has never been a better time to live in, visit or invest in this city,” he recently he told The Cairns Post..
Karl Latham, Director of Sales at Elite Real Estate Services Cairns has been involved in the off-the-plan sales and has reported that 50% of the first tower release has already sold. “The local buyer interest has picked up substantially since the piling commenced in April and once you see the big machines turn up in September when construction begins then confidence in the City will sky rocket” Karl said.
One thing is clear, Nova City is an absolute game changer and will ignite the spark that Cairns has been waiting for after many years of hope.
If you want to know more about this development, please contact Karl Latham, Elite Real Estate Services Cairns, 0403887645 or email Karl@elitecairns.com.au