Glen Eira

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The respected developer DealCorp have seen a quick take up of their unique promotion of offering their apartment buyers a chance to secure a further parking spot for just $1.

It's in their contemporary McKinnon apartment development MCKN in Melbourne's Glen Eira district, south-east of the CBD.

[smartcode_project:default project_id=4939]

While marketing was underway, MCKN's project team went back to re-design some apartments in line with local demand and were able to secure additional carparking.

The two bedroom, two bathroom apartments were offered the parking spaces for $1.

<a href="https://www.urban.com.au/news/vic/why-families-are-snapping-up-apartments-in-mckinnons-mckn-development">Read more: Why families are snapping up apartments in McKinnon's MCKN development</a>

“Understanding buyer demand and being agile is what DealCorp prides itself on", DealCorp marketing manager Laurelle Kobritz says.

"The market surrounding McKinnon is sophisticated and aware of incentives, so we needed to offer a stand out offer buyers couldn’t refuse if they were considering MCKN."

There's now just one car park remaining from the promotion, which DealCorp expect will be snapped up before the promotion closes at the end of the month.

DealCorp have secured around 70 per cent of sales already at MCKN, the boutique apartment development of just 41 on Jasper Road.

<a href="https://www.urban.com.au/new-apartments/mckn-236-jasper-road-mckinnon"><img alt="" height="790" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mckn_2_0.jpg" width="1200"></a>

Spanning five levels, MCKN has been designed by the award-winning architect RITZ&amp;GHOUGASSIAN to pay homage to the functional designs of the neighbouring architecture.

The façade is a bold, textured surface of fluted concrete panels, which guide flourishing young shoots up the building’s exterior.

It's been a hit with families or prospective families so far due to the size of each apartment and its proximity to McKinnon Secondary College, one of the state’s highest ranked schools.

Completion is slated for August 2021, with the well regarded construction firm Hamilton Marino Builders handling the build.

 
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While marketing was underway, MCKN's project team went back to re-design some apartments in line with local demand and were able to secure additional carparking

Joel Robinson

DealCorp see success in unique $1 car space giveaway at McKinnon apartment development MCKN

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The longstanding Melbourne developer Dealcorp will soon be seeing buyers move in to MCKN, their boutique apartment development in McKinnon.

The south-east Melbourne project in the Glen Eira area has been a hit with families so far, as well as those planning to have kids, due to the size of each apartment and its proximity to McKinnon Secondary College, one of the state’s highest ranked schools.

There are just 41 apartments in the five-level Jasper Road complex, with around 70 per cent already snapped up before its August completion.

Urban has taken a look at why MCKN should be on a buyers shortlist.

[smartcode_project:default project_id=4939]

<h2>The Developer</h2>

Dealcorp have been developing property since 1984 when the company was founded by executive chairman and industry veteran David Korbitz, who continues to run Dealcorp with a small agile team of management experts.

Dealcorp have completed over 60 successful projects including AURA on Flinders Street, their biggest project to date with 275 apartments, as well as the double UDIA award-winning Polaris 3083 in Bundoora.

<h2>The Architect</h2>

Award-winning architect RITZ&amp;GHOUGASSIAN have designed the development.

The façade is a bold, textured surface of fluted concrete panels, which guide flourishing young shoots up the building’s exterior.

MCKN pays homage to the functional designs of the neighbouring architecture, fitting in with its surroundings but adding its own chapter to McKinnon’s evolving architectural story.

<h2>The Builder</h2>

Hamilton Marino Builders is one of Victoria's most experienced and sought after multi-level apartment construction companies.

<a href="https://www.urban.com.au/new-apartments/mckn-236-jasper-road-mckinnon"><img alt="" height="788" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mckn_3.jpg" width="1200"></a>

RITZ&amp;GHOUGASSIAN is led by the founders Gilad Ritz and Jean-Paul Ghougassian, who started the company in 2015.

The building sits in landscaping by John Patrick Landscape Architects. John Patrick himself is a highly recognised landscape architect deeply involved in horticultural writing, radio and television programs with a focus on gardens, plants, and history. He was a popular presenter on ABC’s television series Gardening Australia from 2002–2017.

<h2>The Location</h2>

MCKN sits on the corner of Jaspers Road and McKinnon Road, directly between McKinnon Secondary College and the McKinnon Train Station. Commuting to the CBD takes just half an hour.

A cafe is located below the development, a convenience store sits opposite and Hotel McKinnon is located across the road.

McKinnon Secondary College, one of the state’s highest ranked schools, is just a five minute walk which is also drawcard for the family buyers.

<h2>The Apartments</h2>

The apartments have been designed to take in natural light with floor-to-ceilings windows, with light also shining in from the building's central light column.

Indoor living flows to the outside area with glass doors opening onto a large balcony. The kitchen features natural stone surfaces and is fitted with Smeg appliances. The stone top island anchors the kitchen.

<a href="https://www.urban.com.au/new-apartments/mckn-236-jasper-road-mckinnon"><img alt="" height="955" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mckn_1.jpg" width="1600"></a>

Buyers also have the ability to customise their interiors and floorplan when buying off the plan.

<h2>The Price</h2>

The two bedroom, two bathroom apartments start from $720,000 and three bedrooms start from $1.1 million.

Buyers can currently save up to $40,000 off selected apartments due to the government grants and other bonus’s to assist those enter the property market.

 
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The south-east Melbourne project in the Glen Eira area has been a hit with families so far, as well as those planning to have kids, due to the size of each apartment.

Why families are snapping up apartments in McKinnon's MCKN development

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Glen Eira's apartment construction scene is particularly healthy at present.

Failing any construction works on marquee projects such as Caulfield Village or Monash University, a 'mosquito fleet' of low-rise apartment projects are ably taking up the slack and keeping the crane count within Glen Eira at a heightened level. Across the Urban.com.au Project Database, 27 separate projects are listed as at construction, whilst additional smaller builds within the municipality further boost that number.

Of the projects tracked by Urban.com.au, the sum of apartments under construction currently stands at just beyond 900.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_1816.jpg" rel="gallery-all" title="Arrow Construct at M Carnegie"><img alt="" class="image-article-full-width-580px" height="361" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_1816.jpg?itok=KUNEIuFD" title="Arrow Construct at M Carnegie" width="580"></a>

<figcaption>Arrow Construct at M Carnegie</figcaption></figure>The typical apartment project consists of 3-4 levels, with the current crop at construction averaging out to approximately 40 apartments per development.

Bentleigh is currently a stronghold of construction works; 6 projects are under construction and all are a short distance from the freshly completed Bentleigh Station. Carnegie also punches hard with 8 projects heading skyward, although they spread across the suburb.

In light of the swing away from investment grade inner city apartments to the owner occupier middle ring suburban market, municipalities such as Glen Eira, Stonnington and Whitehorse have seen a boost in demand for apartment living. This is borne out by the healthy number of projects at construction; these projects are smaller, require less capital and in general create less risk for their respective developers.

Usually a heavy hitter in Melbourne's inner city market, SP Setia is very much representative of larger developers delving into middle suburbs. Their Carnegie project dubbed Maison sees 48 apartments at construction at the hand of builder Ironstone.

Not to be overlooked is Steller; the prolific developer of smaller projects consisting predominantly of 2 and 3 bedroom apartments always maintains a healthy presence within Glen Eira. Currently, Steller has 13 projects within Glen Eira on the Urban.com.au Project Database, with only a handful at construction.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_1793_0.jpg" rel="gallery-all" title="Steller are developing Vickery Apartments"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_1793_0.jpg?itok=356tzksN" title="Steller are developing Vickery Apartments" width="580"></a>

<figcaption>Steller are developing Vickery Apartments</figcaption></figure>And Steller's mass of projects within the municipality yet to reach construction is symptomatic of the strong pipeline within Glen Eira.

Urban.com.au is tracking a further 27 projects within Glen Eira that are at registrations and sales. Carnegie and Murrumbeena look to be the suburbs to watch in terms of construction activity over the next period.

Larger projects too are set to join the fray, as evidenced by 1060 Carnegie and Woorayl Street which involves Pace Development Group as builder. Both projects at between 10-12 levels represent a step up in projects size within Carnegie.
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