Green edge for $232m Coorparoo Square

The developers of the landmark $232 million Coorparoo Square project are embracing green energy innovation to deliver benefits to residents and the environment.Each of Coorparoo Square’s apartments will have a green switch allowing all lights in the residence to be simultaneously switched off as the occupant walks out the front door.Joint-venture developers Frasers Property Australia (formerly known as Australand) and Honeycombes Property Group are pleased to present the green switch initiative as one of the first in a major high density Brisbane apartment project.The three-tower mixed-use precinct in the heart of Coorparoo will also harness solar energy which will be directed towards recreational areas to help minimise body corporate costs.Peter Honeycombe, Managing Director of Honeycombes Property Group said the green switch would give Coorparoo Square an advantage over other developments.“It will be a unique feature that will have a positive environmental impact across our 366 apartments,” he said.“The direct impact for residents will be savings on their electricity bills and the convenience of being able to switch all the lights off in one click.“We understand Coorparoo Square is one of the first high density apartment projects in Brisbane to employ this technology across all of its residences.”Cameron Leggatt, Queensland Residential General Manager for Frasers Property Australia said the installation of solar roof panels would help power Coorparoo Square’s common areas and keep body corporate costs down.“Due to the size of the development there will still be the need to draw from the grid but it will definitely bring down the cost of common area power,” he said.“As a result, the body corporate fee is currently estimated at $59 to $65 per week for a one-bedroom apartment, which is very low for the size of the building and its features.”Mr Leggatt said apartment buyers were increasingly seeking out green initiatives in developments.“These are necessary forms of innovation that the market demands and their inclusion gives Coorparoo Square a competitive edge,” he said.“Frasers Property is committed to green initiatives which was recognised last year when we were awarded the 2014 UDIA (Qld) Award for Environmentally Sustainable Development – Residential for our Hamilton Reach community.”Coorparoo Square has already achieved more than $175 million in sales with 330 apartments snapped up since the project’s release in mid May.Located 4.5km from the CBD, Coorparoo Square will comprise a 6,000sqm retail precinct and a 10-theatre Dendy Cinema complex.The development is under construction on the prominent Old Cleveland Road site formerly occupied by Queensland’s first Myer department store.Apartments are priced from $478,000, with luxury penthouses starting at $895,000.In addition to the residential and retail elements, the three-building project will include Club Coorparoo, a private residents only facility with two large swimming pools, a tennis court, large recreation areas and green space.