Under construction Glen Iris apartment development GALERIE hits 70% sold

One of the rare developments on the market backed by a Big Four bank, GALERIE is being built by high-end, award-winning construction company Iurada
Under construction Glen Iris apartment development GALERIE hits 70% sold
Urban EditorialMarch 6, 2024SALES UPDATE

Following its recent topping out, GALERIE, the newest apartment development in Glen Iris, has hit another major milestone.

Over 70 per cent of the 29 two and three-bedroom apartments have been sold, as construction advances towards a late 2024 completion.

Developer LDS Property, who is currently offering a five per cent deposit on the apartments for a limited time, has quietly managed to create a project which puts more confidence in the off the plan apartment market.

Read more: Big Four-backed, under construction: How LDS Property have de-risked GALERIE apartments in Glen Iris

One of the rare developments on the market backed by a Big Four bank, GALERIE is being built by high-end, award-winning construction company Iurada.

The main building structure is all but complete, with windows being installed this month before Iurada shifts its focus to the internal fit-out of the apartments.

The development drew early interest from local downsizers and empty nesters seeking to remain within the Glen Iris area. Last year a buyer opted to amalgamate two of the top floor apartments to create one large apartment, spending just over $4 million and setting new suburb record.

Read more: Glen Iris apartment price record smashed with Galerie penthouse sale just shy of $4 million

Designed by Ewert Leaf and complemented by landscaping from John Patrick Landscape Architects, GALERIE boasts a low-rise structure that distinguishes itself with a dynamic asymmetrical facade. 

The building, located on High Street, features expansive landscape courtyards or elevated balconies that provide panoramic views of the metropolitan area.

Projects by Buxton is marketing GALERIE.

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