The Eighty Eight development in Travancore will be built with a legacy in mind.
A Travancore developer is aiming for a legacy first and profit second, with a new project that’s closer to his heart than his bottom line.
Eighty Eight replaces the long-time office of builder-turned-developer Bold Projects.
Director John Newbold said after owning the inner-city site for almost 30 years — running his family construction business from it for much of that time — he was determined to leave something of value behind.
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“We have a commitment for the site to be a bit of a legacy for us,” Mr Newbold said.
“We’re certainly using high-end finishes and natural materials. I’ll spend too much on it — but this has always had our name on it.”
Opposite Debney’s Park on Mt Alexander Road, the project’s architecture stands out with irregular angles to provide privacy to the cantilevered balconies, maximum natural light to the residences and a unique street appeal.
Apartments have been designed with residents’ comfort in mind.
Each apartment will feature high quality appliances and finishes for an enviable kitchen.
Open-plan living spaces overseen by interior designer Allison Pye will include timber floors, glass sliding doors and expansive windows that streamline the connection between the outdoors and indoors. ILVE appliances add a touch of class.
Castran Gilbert director Mark Forytarz is handling sales for the apartments.
He said the project’s “hidden-gem” location, in the little-known suburb between Parkville and Ascot Vale, had been popular with first-home buyers and downsizers.
The development’s common spaces have been designed with a classy atmosphere in mind.
Spacious dimensions will extend from living spaces to the bedrooms.
But it was the price point that had rapidly begun to attract purchasers. Particularly given Mr Newbold had agreed to a $25,000 rebate for buyers.
“It’s price point driven, but it’s also 4km from the CBD and it will be complete within 15 months,” Mr Forytarz said.
Even the bathrooms will feature bold design elements.
A render showing how the apartments are expected to look from street level.
A dozen of the project’s 46 apartments have sold, with a handful more reserved by interested buyers.
One-bedroom floorplans cost between $455,000-$520,000, and two-bedroom units are priced from $560,000-$690,000.
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