Currently under construction Maasra Apartments is a $101 million luxury mixed-use residential building being developed in the burgeoning city-fringe suburb of Coorparoo by the Karam Group.

Once completed it will boast 101 one, two, three and four-bedroom apartments across eight floors, a restaurant and boutique retail on the ground floor, commercial space on level one and a secure 328-space car park. Maasra Apartments Marketing Manager and TOTAL Property Group Managing Director Adrian Parsons said the fact almost 90 per cent of purchasers already live in the Brisbane area strongly indicates Maasra Apartments is appealing to the owner-occupier market who don’t want to compromise on their lifestyle.

Mr Parsons said Coorparoo is continuing to be a highly sought-after residential location and remains one of the top performing suburbs in Brisbane’s south-east in terms of capital growth. “Maasra Apartments offer a maintenance-free lifestyle with resort-style facilities just 4km from Brisbane’s CBD. It’s also within walking distance of cafes and restaurants as well as a cinema, supermarket, medical services, shopping centres and public transport links,” he said.

The concept of Maasra Apartments was born out of Karam Group’s directors Anthony and Jason Karam’s desire to create a luxury development that extends the village lifestyle of the suburb they currently live in. Anthony Karam said it had always been their vision to create a quality mixed-use development that would be embraced by the local community and be a place where residents feel connected and valued. “Residents can embrace the wealth of lifestyle opportunities that exist in Coorparoo and feel proud to be a part of the close-knit community on offer Maasra Apartments,” he said.