Green Street Property have begun marketing a new apartment complex to be built in Merewether.
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Acoya will be be built on the former car park site at 35-37 Llewellyn Street and will feature 12 three-bedroom, two-bathroom apartments.
The Diverse Property Constructions development is positioned opposite the Llewellyn Street shops and Drift Diner and has Development Application approval.
Apartment prices start from $1.48 million. Construction has not yet begun but completion is scheduled for the end of next year.
Peter Aloupis and Josh Mana are the listing agents.
"Merewether has one of the highest growth rates in Newcastle, this suburb area creates approximately 10 per cent to 11 per cent annualised growth and that's year in, year out," Mr Aloupis said.
Apartments are being marketed as "well-designed luxury homes that reflect both Merewether's laidback coastal location yet offer sophisticated living for a modern lifestyle".
Acoya has been designed by Shaddock Architects. Apartments will feature a natural palette of timber, stone, porcelain and glass. There is open plan living with floor-to-ceiling glass, decks, high-end kitchens and oak engineered flooring.
