Construction has started on the iconic industrial development Alex Collective in Sydney’s Alexandria suburb, developed by Alexa Development and built by Ceerose.
The development’s four buildings will reach four, seven and eight storeys, were designed by architect Andrew Burns and will feature 163 luxurious apartments with an industrial spirit.
Ceerose managing director Edward Doueihi said it was a privilege to be appointed as the construction contractor for Alex Collective.
Doueihi said: “The start of construction is an important milestone for Alex Collective and will add to Ceerose’s impressive building portfolio.
“We are delighted to bring this industrial-inspired residential development to life – Andrew Burns’ intuitive design for Alex Collective with pattern brickwork and metallic cladding will further enhance the striking façade.
“Hundreds of jobs will be created during the construction which will help the economy as we move out of lockdown.”
Intricate brickwork structures will surround a green heart garden with cabana-styled seating flanked by a magnesium pool, designed by Landscape Architects Site Image Group.
The integration of saw-tooth roofs, light wells and sky bridges will highlight the industrial character of the project.
The start of construction coincides with the launch of Alex Collective’s third building Cooper, a new collection of apartments and penthouses.
Residential at Colliers director Danial McMahon said: “The market remains strong for high-quality apartments situated on Sydney’s city fringe.
“Stock is very low in the Inner West which has driven sales in Alex Collective.
“The project has had consistent sales results during the Sydney lockdown – after releasing Cooper to the market in early September, over 70 per cent is now sold in this building.
“The release of Cooper is proof that demand continues for quality product in key Sydney locations.
“Alexandria has always been a highly sought-after location with its unique terraces, warehouse style apartments and heritage homes in a historic industrial-aged setting.
“Over the past 12 months property prices in Alexandria have grown almost 7.05 per cent according to CoreLogic.
“This trend is expected to continue with significant infrastructure investment in neighbouring suburbs.”