The Rise Residences are the fourth and final stage of Caydon Property Group’s Mason Sq development in Puckle St, Moonee Ponds.
THERE’S rising interest in what is set to become one of the tallest towers in Melbourne’s north.
The final stage in the 29-storey Moonee Ponds development Mason Sq, by Caydon Property Group, has hit the market with immediate success.
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The Rise Residences, which will run from level two to 21, offer an affordable contrast to the 64 luxury apartments in the Sky Homes component of the tower’s top nine levels.
Caydon international marketing director Steve Williams said with half the development’s elite addresses now sold, the company was seeing a similar appetite for the lower levels, with 25 apartments sold in the first week.
The Rise apartments complex at the Mason Sq development will be one of the tallest buildings in Melbourne’s north.
And a big part of the interest has been generated by the space on offer, both inside and out. Each apartment comes with its own outdoor space — either a balcony or terrace. Combined with communal spaces, the Rise Residences offer more than 2650sq m in outdoor space.
One of the two-bedroom residences spans 88sq m, and comes with a 76sq m outdoor space that comes close to doubling the size of the home.
“There’s a sense of space, and the open-plan living is drawing people to them,” Mr Williams said.
Price was also an important factor, with two-bedroom apartments in the Rise Residences within the reach of first-home buyers.
“The entry price point for a two-bedroom residence is $577,000,” Mr Williams said. “We are seeing more first-home buyers coming in.”
The Residences will make the most of natural light and indoor-outdoor connections.
They will offer a light and bright feeling, and be finished with timber floors and pale stone surfaces.
Shared amenities include a pool, spa, sauna, gym and yoga studio.
Home automation upgrades are expected to be popular, with remote-controlled security, lighting and temperature on offer.
Voice control is also offered via Amazon’s Alexa service.