Construction has begun on GWH development Sky Residences.
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Located at 509 Hunter Street and 386 King Street, Sky Residences launched to market in June 2018.
GWH managing director Jonathan Craig said, despite a difficult period for the national property market, sales on the development have steadily continued enabling the local company to begin construction.
"We've been through many property cycles and have continued to stay busy through this one," Mr Craig said. "By mid 2020 we'll deliver another 113 new homes to the region, inclusive of 30 affordable housing apartments we're building for Evolve Housing."
With initial ground works almost complete, construction of Sky Residences 19-storey tower is expected to continue until late 2021.
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"We'll really start to see some action when the tower crane is installed early 2020 and the building starts to come out of the ground," Mr Craig said.
"Being one of a handful of developments with a 19-storey DA means residents within Sky are going to have some sensational views over the harbour, Stockton, Merewether and the Watagan Mountains."
Sky Residences will comprise 180 apartments - a mix of one, two, three and four bedrooms - across three towers. There will be a 19th floor Sky Lounge rooftop terrace for residents as well as a heated outdoor swimming pool and fully equipped gymnasium and fitness centre.
On hand to turn the first sod to signal commencement this month were GWH directors Grahame Chevalley and Hilton Grugeon, GWH development manager Ian Summers, Newcastle Lord Mayor Nuatali Nelmes and councillor John Church.
"This development is creating local jobs, dramatically improving a long dormant section of the City and adding 180 new residences right near the Civic cultural precinct," councillor Nelmes said.