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- May
- 2023
- Retail
- News
Breaking ground at Ethos
Alongside our partners and collaborators, we proudly marked the commencement of construction onsite in Chatswood.
- May
- 2023
- Retail
- News
This momentous occasion was commemorated through a ground-breaking event held alongside project leaders and key stakeholders in attendance, including Wayne Chivas and Shane Smollen, Directors of Central Element, Joe Vincent, Director of Direct Investment at MaxCap Group, Adam Haddow, Director of SJB and Colin Rahim, joint CEO of Growthbuilt.
Ethos was the first residential offering to be released in Chatswood’s CBD in a number of years and is now the first development to commence construction.
Growthbuilt, a leading construction company with over two decades of experience delivering premium projects built to the highest quality standards across residential and commercial sectors, has an exceptional reputation for delivering innovative designs and sustainable solutions. The gold star ICIRT rated company has won numerous awards in recognition of their incredible track record.
“At Growthbuilt, we share a strong vision with Central Element on creating exceptional living spaces that enrich communities and shape the future of Australian living. We are committed to delivering outstanding quality and value for our clients and their residents. We are delighted to collaborate with Central Element on Ethos Chatswood bringing our expertise, experience, and passion to deliver a world-class, luxury living experience.”
Colin Rahim
CEO, Growthbuilt
“At Central Element, we strive to create exceptional living spaces that invigorate communities and shape the future of Australian living. With Growthbuilt, we have partnered with a team that shares our vision and is committed to delivering exceptional high-quality sustainable buildings. The months to follow will be an exciting time, and we can't wait to witness Ethos emerge as a stunning addition to the Chatswood skyline.”
Wayne Chivas
Director, Central Element
MaxCap’s Direct Investment team has established an enviable record of success in originating and managing high-yielding investments, particularly in the mid-market joint venture development space. The team is currently managing a diversified portfolio with a total end value of over $5bn, including partnerships with Australia’s leading private real estate developers.
"After a hugely successful sales launch, we are excited to progress into the next stage of the project, with such experienced, capable and professional partners like Central Element and Growthbuilt.”
Joe Vincent
Director - Direct Investment, MaxCap Group
Demand for the SJB designed collection of ultra-luxury one, two, three and four-bedroom residences has been significant, resulting in unparalleled levels of enquiry and top-of-the-market prices. In October 2022, off-the-plan sales for Ethos were launched, and an impressive 60% of the development was sold during the opening weekend.
The state-of-the-art display suite located at 3 Spring Street in Chatswood is open daily for further interested buyers who can immerse themselves in the principles of Ethos. Visual insights into the project are advanced through digital technology and customers can visualise the quality of finishes by viewing the kitchen and bathroom display.
Completion of the development is anticipated for early 2025.