Mr Smith invites easy living. Contemporary architectural design over four distinct levels. Mr Smith likes privacy and convenience. One or two bedroom apartments all about designer style with substance and simplicity.
SJM were the developers and Project Managers on this $25 million development. The land was purchased containing a number of dilapidated buildings that had short term rental income. We quickly applied for a planning permit and it was issued for 49 1 & 2 bedroom apartments, 3 retail premises and two level basement car park.
Darebin Council did not conclude the planning permit application within the stipulated time frame, therefore we applied to VACT for a hearing. The Planning permit was subsequently concluded during the mediation process at VCAT. SJM were required to negotiate with the Darebin Council and three neighbours who objected to the proposed design for various reasons. SJM worked through the design issues with all parties and a permit was concluded.
We then managed the marketing of the off the plan apartment sales and arranged the construction finance. The marketing included the construction of a display suite within the existing buildings.
This is the first project that SJM has commenced construction without 100% of the apartment sold prior to construction commencing. SJM had sold 46 of the 49 apartments when construction began. The remaining 3 apartments were all sold prior to the completion of the construction. With 100% of the apartments settling shortly after the completion of construction.