Thursday, December 21, 2017

Caydon Property Group Develops New Tower in Australia


Joe Russo, the owner of Australia’s Caydon Property Group, has recently expanded the company to include offices in Houston, Texas. 

Joe Russo founded Caydon, now one of Australia’s leading apartment developers, in 1999. Since then, he has spearheaded a number of major real estate initiatives in Melbourne, including the development of the high-rise residential and retail district, Mason Square. The plans for the precinct, located between Hall, Homer and Everage Streets in the inner city neighborhood of Moonee Ponds, were finalized after successful negotiations with the Victorian Civil and Administrative Tribunal. 

The development had a start date of June 2016 and as of April that year, 200 units were sold. This master planned project will comprise 612 one- two- and three-bedroom apartments, as well as retail space, parking for 580 cars, and storage for 258 bicycles. Mr Russo has ensured 28 percent of the site will be reserved for use by the surrounding community. They will be able to enjoy a large urban plaza and the laneways between the towers that will connect three streets.