LDS appoint builder to construct Glen Iris apartments GALERIE
LDS Property are a step closer to bringing their Glen Iris development GALERIE to life with the group recently appointing a builder to the project.
Award-winning construction company Iurada will handle the build of the 29 residences, which has been designed by the architects at Ewert Leaf.
Projects by Buxton are marketing the project with Director Heath Thompson saying Iurada should break ground in the coming weeks which will bring a lot of confidence to buyers.
"Appointing a builder tells any prospective buyer that the project is moving forward and it's going to be built," Thompson says.
"It means pre-sales have been achieved, and finances have been met by the developer for the bank to fund the build."
Iurada has a number of projects delivered in Melbourne's inner ring, including the mixed-use Finery in Brunswick, Confluence in Hawthorn East, and Provenance in Camberwell.
Keen interest has already been shown in GALERIE, with the group having sold 40 per cent of the apartments so far, with one unit going to a friend of the developer. They purchased one of the top floor apartments.
It's not a common occurrence, Thompson says, but it just adds a further belief that the project will be a success when part of the developer's personal life is now invested in the project.
A couple also recently purchased two apartments in the project, amalgamating them to become one larger apartment.
Read more: Why Andrea & Wayne amalgamated two apartments in Galerie, Glen Iris
Interested buyers can still cash in on the group's current buyer incentives, which includes seven per cent interest on their deposit. They're also running a refer a friend cash bonus incentive.
There's still a number of two-bedroom apartments available to purchase within the development, with all the one-bedroom floorplans already sold and only two three-bedders remaining, one on level one and one on the top level of the project.
The prominent High Street address will put residents within proximity to an array of convenient amenity upon completion, with the walkable haven near to a plethora of cafes, restaurants and shops.
Glen Iris Train Station is also nearby, as are a number of education options, including Sacre Coeur Catholic School, Caulfield Grammar Malvern Campus and Monash University.
