South Australian developer, Starfish Developments, is the latest developer to join the Belmont property boom, planning a 35 luxury apartment building called Marina Drive Apartments. The developer have awarded Pindan the contract to build the development, which they plan to roll out in the next 12 months.
Starfish Developments chose Pindan for their industry reputation and their professional approach. Pindan were ranked as WA's top apartment builder in this year's HIA report, and fourth in Australia.
This is the latest in a long line of developments for Belmont/Rivervale. BGC, Finbar and Psaros have all recently announced developments at The Springs Rivervale project.
Also, last week it was announced that Seacrest will be reviving the riverfront apartment project at the old Sandringham Hotel development site, which has been stalled for over a decade following legal issues with the previous developer.
Combine all of this with a new six-star hotel and a new stadium on the cards, and Belmont is looking very attractive to potential investors over the next 12 months.