Elwood Park represents Dynamic Property Group's successful entry into development
Dynamic Property Group's move into the Melbourne development scene has been underlined with the success of their maiden project. Elwood Park is the first physical manifestation of the business created during 2016 by Sonya Miller and Olivia Christie.
The $25 million Elwood project was launched to Market during March and immediately found traction with buyers.
DKO Architecture and Mim Design were enlisted to bring the project to fruition, accounting for overall and interior design duties respectively. Dynamic Property Group's want to encapsulate their stance toward development with Elwood Park resulted in only 14 apartments that range in size between 95 and 160 square metres.
On the back of Elwood Park's success, Urban.com.au spoke with both Sonya Miller and Olivia Christie on all things Dynamic Property Group.
Regarding Elwood Park's design credentials, the question regarding the choice of architect was posed. In response, Olivia Christie noted that a handful of firms were shortlisted, with DKO Architecture ultimately chosen due to a shared enthusiasm and vision for the small-scale development.
Furthermore, DKO Architecture was able to meet the brief that requested a simple, efficient, elegant yet high spec design.
This has translated into the project achieving sales success on the back of it being billed as a development akin to a family home, heavy on surrounding amenity and ideal in location. The buyer catchment has seen the surrounding suburbs provide the bulk of buyers, although a Templestowe-based buyer has also chosen Elwood Park.
Sonya Miller also confirmed that construction of Elwood Park is on track to commence in a few short weeks, with completion expected in late 2019.
Asked how Dynamic Property Group came to be, the duo pointed out their experience in Armitage Jones. Their joint property management business has allowed both Olivia and Sonya to garner the skill set required to branch into property development.
That experience, including site acquisitions and settlement, plus project management across all facets and scale of development was pointed out as being the decisive factor behind the creation of Dynamic Property Group.
Asked about their project pipeline, Olivia noted that between Armitage Jones and Dynamic Property Group many potential sites come into focus. A handful of potential sites are under scrutiny, but the vast majority are of no interest owing to a variety of constraints.
Sonya Miller confirmed that delving into commercial development is of interest, underlining the duo's push to immediately diversify their project type.
On to where the duo see Dynamic Property Group in five years from now, they expect the brand will represent quality at the right price point. Wellness also factors highly, reflective of the desire to create livable spaces from a residential perspective.
A question commonly asked of the duo is their position of influence given they are two leading females in what is historically a male-dominated industry. Both Olivia and Sonya effectively dismiss any notion of they being pioneers in certain aspects of development.
They do though want to be known for their collaborative approach, quality of work and passion for development.
