Triguboff’s $3-Billion Eastgardens Play
The property tycoon is surging forward on his most ambitious project to date.
The property tycoon is surging forward on his most ambitious project to date.
Billionaire developer Harry Triguboff is surging forwards on his Eastgardens development.
Meriton’s largest project to date – Pagewood Green – has seen the addition of a new development application for the second stage of its sprawling $3 billion residential development.
The site is bounded by Bunnerong Road, Heffron Road and Banks Avenue will see the construction of a $115 million mixed-use project comprising two residential building up to 16 and 17 storeys in height and totalling 383 residential units.
Simultaneously, Meriton was also revealed as the buyer of Dyldam’s Pennant Hills site in Carlingford this week.
The 2.7-hectare site at 263-273 and 277-281 Pennant Hills Road was purchased for 68.5 million.
As for his Eastgardens build, the 87-year-old founder – who is personally worth about 15.5 billion, has described Pagewood Green as his most ambitious.
When complete, the precinct – which is only eight kilometres from Sydney CBD – will hold more than 400 units and span a 16.5-hectare site.
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The imposing stone structures, with towers, turrets and a hot tub room, lord over the landscape near the mountain resort town of Sandpoint.
Idaho is not a place that’s often associated with Medieval castles, but a pair have just hit the market for $6.25 million.
The imposing stone structures have towers, turrets, ramparts, arrow-slit windows and even a drawbridge, and might just be the most authentic-looking castles this side of the Atlantic.
“Who expects to see a castle like this in Idaho?” said listing agent Brenda Burk of Coldwell Banker Schneidmiller Realty, who brought the property to the market last week. They are, she said, “extremely unusual.”
Schweitzer Castle and Château de Melusine, as they’re known, stand within Schweitzer Mountain Resort in the Selkirk Mountains and overlook the nearby mountain resort town of Sandpoint. They take in panoramic views of Lake Pend Oreille, Idaho’s largest lake.
The pair of ski-in/ski-out homes each have three bedrooms, two bathrooms and three stories, Burk explained. They are “so authentic,” she said. “Every single stone was handlaid.”
Schweitzer Castle, she said, wasn’t built for “functionality,” but has been modernized and adapted and now has everything a 21st-century residence requires, along with a dungeon, which for some buyers may also be a requisite.
The chateau, meanwhile, has a hot tub room with mountain views, as well as a garage.
The property is being sold furnished, and will come complete with the hand-carved statues, armor, mounted swords, stained-glass windows and a host of antiques dating to the 15th and 16th centuries.
The owner, an antique collector who couldn’t be reached for comment, “is always looking for that hidden jewel and he found that here,” Burk said.
The next custodian is likely to stem from a varied pool of buyers, Burk said, that would include “the trophy-home buyer, someone who can say ‘I own a castle.’”
The property could also appeal to someone looking for a vacation home, or a multi-generational estate, and beyond that “there’s the dreamers,” she said. “We definitely try to market to people who like Medieval history or maybe do Renaissance fairs.”
The seller “really wants it to go to someone with the same passion.”