Why Forte Group's Thomastown apartment development Nexus will be a hit for first home and entry level buyers
The Melbourne developer Forte Group are expecting first home and entry level buyers at their latest Thomastown development Nexus Apartments.
The $36 million project at 240 High Street Thomastown, north of Melbourne, will comprise 74 apartments across its two boutique five-level buildings in the heart of the town. They will be the town's biggest residential development.
Forte Group director William Tan says the development will be more geared towards first home buyers and entry level buyers that are priced out of suburban homes.
"This will be one of the finest buildings in Thomastown and with close proximity to the train station, shops and local schools, this building will set the benchmark for apartment living in this area," Mr Tan said.
Prices start from $349,000 for one bedroom apartments, $449,000 for two beds and $539,000 for three bedroom apartments.
The collaboration between Melbourne architecture firm Hachem and Cornetta Partners saw the duo consider the location of Nexus in its design, with the Thomastown's 1880's train station located across the road.
The two five level buildings curve past each other, replicating a train bending around a track. The large carriage-shaped windows feature in the living spaces, while the ground level facade, where there will be six retail spaces, references two trains sliding past each other.
Construction is expected to begin in June with completion slated for the end of 2022.
