ICON Developments completes latest townhome development, Inkerman & Nelson

ICON Developments has welcomed the completion of its latest residential project, Inkerman &
Nelson.

The inner-city Balaclava development wrapped construction in August, delivering 26 townhomes to the city-fringe suburb, which have now all officially sold. 

Proving popular with young families, 70 per cent of the residences were sold just before the pandemic, with the remaining 30 per cent sold during Melbourne’s lockdowns.

ICON’s 20-plus years of experience working alongside communities and industry-leading
experts to craft and deliver smart-designed spaces saw Inkerman & Nelson designed with relevance for the Melbourne market, proving its success in a tightly held market.

The group’s Head of Development, Scott Jarzynka said in order for the project to withstand the many impacts of the COVID-19 pandemic, the townhomes needed to speak to core values of space, location, and community. 

“The project reflects collective living and puts the resident at the heart of the home. We’re
proud to have developed a project such as Inkerman & Nelson which reflects the vibrancy of
the Balaclava community, Jarzynka said.

With architecture by MAArchitects, the project capitalises on its northern orientation and spacious floorplans, featuring two, three and four-bedroom homes. 

Each of the townhouses are light-filled, with whole-floor living zones that bask in the dual aspect and leafy outlooks, tactfully crafted by Eckersley Garden Architecture across the site. 

As a wholly owned subsidiary of Japanese construction and real estate development giant, Kajima Corporation, Inkerman & Nelson was delivered by Kajimaowned building group Minicon.

“ICON has a unique three-pillared business model as a developer, contractor, and financier,” Jarzynka said. 

“With Kajima’s financial backing across ICON Developments and Minicon, we were pleased to
be able to endure the many turbulent periods as a result of the pandemic and many lockdowns
in Victoria.”

Director of Eisen Property and executive selling agent of the Inkerman & Nelson project, Nat Eisen spoke to the awareness ICON has in the Melbourne market, which is widely-held by purchasers who do their due diligence when it comes to buying property, especially in the off the plan market. 

“We were very impressed with the overall reception to Inkerman & Nelson, particularly
considering the unprecedented market conditions we experienced throughout the campaign,” Eisen said. 

“The project appealed to a broad range of segments including downsizers, young families, and
first home buyers.”

ICON is also developing a collection of projects in the popular suburb of Brighton. 

Both, Grandview and Willow, are bespoke residential offerings, brought together in collaboration with partners, Carpe Group and Samuel Property, with completion slated for later this year and the early months of 2023.