Millions in first resale at New Farm development Maison

‘Maison’ by Graya and Frank Developments has had its first resale.

Just months after completion, the first resale in New Farm’s much talked about residential development ‘Maison’ has been signed.

The third floor home in the five-level building has sold for a cool $5 million — just three months after handover to its previous owners for $3.05 million.

Selling agent Matt Lancashire of Ray White New Farm said the property attracted multiple offers before selling to an elderly Brisbane couple who planned to live in it permanently.

An aerial view of boutique residential development, ‘Maison’, in New Farm.

The vendor, a Sydney investor, did not wish to be named, but commented: “We knew the apartment was very, very special from the first time Matt Lancashire introduced us to the development plans and and location. Combine that with the continued growth across southeast Queensland for prestige property and we believe it is a good price in a solid market.”

The project is the brainchild of developers, Graya and Frank Developments, and has become a talking point because of its nature-inspired design, featuring landscaped planting wraps that cascade along its curved facade.

Andrew and Rob Gray of Graya, with Frank Licastro of Frank Developments, are behind the boutique residential development, Maison, in New Farm.

The building at 60 Moray Street comprises only five, full-floor sky homes — embracing the growing demand for low-maintenance apartments with house-like qualities.

Byron Bay property developer and ‘spa king’ Eddie Phillips forked out about $4.5 million for the penthouse and worked with Graya and Frank to customise the private rooftop.

Ray White New Farm agents from left, Hamish Bowman, Matt Lancashire and Josh Brown were all involved in negotiating the resale.

Graya’s Rob Gray said he was “very happy” with the resale and for the original ‘Maison’ buyers “who have secured an amazing uplift from their purchases”.

“We appreciate them trusting the Graya product when buying off-the-plan,” Mr Gray said.

It comes as Graya prepares to launch its latest boutique residential development, ‘York’, on the same block as ‘Maison’ fronting Bowen Terrace.

A render of the rooftop pool in Graya’s new development ‘York’ in New Farm. Designed by bureau proberts.

The art-deco inspired project will also feature five, single-floor sky homes, designed by Bureau Proberts architects.

“We are excited to be bringing all the amenities you find in a Graya home to the ‘York’ sky homes,” Mr Gray said.

A render of Graya’s new development ‘York’ in New Farm. Designed by bureau proberts.

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