Summary:
- Knight Frank has launched The Crystal, a seven-storey co-living scheme in Sydney’s Petersham with approval for 76 studios, marketed on behalf of vendor Develotek by Tim Holtsbaum, Anthony Pirrottina, and Demi Carigliano. The development includes ground-floor co-working and food and beverage spaces, with studios featuring private balconies and extensive communal amenities.
- The Crystal occupies a 920 sqm corner site at 452-460 Parramatta Road, offering triple street frontage near Petersham station and key local amenities, positioning it as a prime inner-west location with strong transport links and lifestyle appeal.
- Co-living is gaining investor interest for its efficient use of space and strong returns per square metre, with Knight Frank forecasting institutional capital inflows and larger-scale assets emerging, following the trajectory of the Build to Rent sector.
Original article:
https://www.btrnews.au/knight-frank-puts-the-crystal-co-living-scheme-to-market/
