Alke adds another buyer option to the strengthening Oakleigh apartment market
Based on the flow of planning applications into Oakleigh, the suburb was identified by Urban.com.au as an emerging apartment hot spot at the turn of 2016.
Oakleigh's apartment-driven regeneration has now taken a step forward with the official launch of another major apartment project. Mount Waverley-based developer Pellicano has pulled the trigger on Alke, their latest residential project that will add 89 dwellings along Oakleigh's Atherton Road.
With an end value of $53 million, Alke is the result of a stint at planning which culminated with a win for Pellicano at VCAT.
Subsequent to the project's approval, Pellicano chose to drop the number of apartments within Alke from 115 to 89, in order to provide larger dwellings and better meet local demand stemming from Oakleigh and surrounding suburbs.
What they say
Oakleigh holds a great significance to Pellicano and we want to uphold our history by bringing a more premium product to the area, adding value to the urban context and providing long-term, quality homes for its inhabitants.
These generously sized and well-designed apartments provide a great opportunity for contemporary, community-focused living within an established neighbourhood. Due to the area’s rich history and strong community, we are seeing a lot of interest from local downsizers and local first home buyers.
Many second and third-generation Europeans, who want to stay in their established community and continue to enjoy the abundant amenity but without the hassle of looking after a large family home, are looking to move into these larger, well-appointed apartments. The local primary schools and close links to relatives also make it attractive for the young families looking for a home.
Nando Pellicano: Pellicano managing director
Our interior arm created a scheme that offers residents the opportunity to express their own personality though the selection of furniture, artwork, and accessories.
The communal areas are light-filled and landscaped with vegetation, offering spaces for social interaction or quiet respite, and adding to the quality of life for Alke residents.
Tristan Wong: SJB director
The design
After various planning machinations, architecture firm SJB has settled Alke's design; two six level buildings set above a common podium level sweep away from one another, with a low-rise third building also part of the development.
Each building consists between 14-45 apartments, with the larger buildings bisected by a podium top communal garden space. Externally the project is finished in brick snap panels which speaks to Oakleigh's traditional housing finish, floor to ceiling glazing and perforated metal screens for shading and privacy.
Internally Pellicano have split the 1, 2 and 3 bedroom apartments into different categories; Garden Loft Residences, Terrace Homes and 3 bedroom Penthouse sized residences. Interior schemes carry timber floorboards, contrasting lines plus soft grey and white colour schemes with an overtone of industrial detailing.
The almost ubiquitous trendy cafe will also account for Alke's retail space.
Oakleigh bulks up
Alke joins Oros as projects currently at sales within Oakleigh.
Oros will eventually become a sprawling development accounting for a 9,605sqm site fronting Dandenong Road; its 348 apartments are joined by a serviced apartment contingent and in excess of 2,000sqm of retail space. Conversely Alke is more conservative in scale and closely cited to Oakleigh's retail and commercial heart, plus Oakleigh Station.
Combined they will add 400 plus apartments to the suburb which has only one considerable apartment project approaching construction completion, namely 8 Degrees at 83 Drummond Street which consists of 54 apartments.