Comments on Mezzo, a new development across Wentworth Park

Elena has put the following comments on my blog, which I reproduce for those who do not go back and read previous entries (and please note there is difference between Elana and Elena).

Thanks very much, Elena, very interesting comments.

1. Dear All,
   
   I have very good news for the Harbour Mill purchasers: the upcoming Mezzo development which is across Wentworth park is priced significantly higher than what Harbour Mill was sold at in 2012/2013 (which is consistent with the price growth across Sydney over the last 2 years). Some examples: a small 2 bedroom apartment (72sqm internal), facing south (no views, as the land will be redeveloped to construct another building in front), 1 car space, levels 6-8: price starts at low $1M and grows at c.$35K with each level up.
2. Another example: 2 bedroom apartment, 2 bathrooms, facing Wentworth park, 1 car space, 88sqm internal, levels 6-8, price: mid $1.2M - high $1.3M (price goes up with each floor).
   
   Example of a smaller apartment: 1 bedroom plus flexiroom (study), no car space, facing the park, internal 64sqm (smaller than similar harbour mill plans), price $850K - $950K (going up with every level, starting from level 6).
3. Looking at this prices, we should also take into account that Harbour Mill only has 1 year to completion, whereas Mezzo is due for completion in 2016/2017, a lot more uncertainty.
   
   Also the good news is that Mezzo will have a nice retail space and outdoor terrace with cafes and restaurants, all this is good for the area. Overall, it is very clear that the area around Wentworth park is the next Wooloomooloo and Surry Hills - it is not attractive now, but it is walking distance to the city and it is gradually being redeveloped into a new nice suburb, especially with the Blackwattle bay development plans under way.
4. Hi Elana,
   
   Thank you very much for reposting my comments and, again, thank you for creating this blog! Please let me know if you need any further information - I am also following your blog and the construction process.
   
   Kind regards,
   Elena
5. And we can't have a new blog entry without a photograph. Harbour Mill, central to everywhere! 
6.