Essendon apartments

Construction has wrapped on Luminess, the latest Essendon apartment development.

Drakk Pty Ltd have officially completed the building works on the $37 million Russell Street project.

The nine-level building, developed by Urbala Development and funded by Banner Asset Management, comprises 58 apartments above two retail tenancies and a three-storey underground carpark.&nbsp;

[smartcode_project:default project_id=4429 project_image_fid=32975]

Banner Asset Management provided a first mortgage construction funding facility for the project, which has already secured $71.6 million in sales across 31 units.&nbsp;

Andrew Turner, Founder and CEO of Banner Asset Management, said they were pleased to celebrate the completion of Luminess this month.

"The vast number of presales reflects the development’s unbeatable offering, which has been delivered as a response to increased demand for dwellings at this price point in the area," Turner said.&nbsp;

“The efficiency and know-how of the builder, developer, and project team have ensured a smooth build with an impressive finish.”

[smartcode_project:default project_id=4429 project_image_fid=32977]

Lawrence Lee, Director of Urbala, said Luminess is a celebration of Essendon.

"The design is in tune with the heritage buildings that surround it, but its contemporary palette and materials add a new lease of life to Russel Street," Lee said.&nbsp;

“With Banner Asset Management as funding partner, we have ensured that the development has reached completion in time to address the current rental market.”

Situated just eight kilometres north-west of the Melbourne CBD, Luminess benefits from being positioned within the heart of Essendon. Residents will be within minutes from a number of parks, as well as food, dining and retail options, including local favourite, DFO Essendon.

[smartcode_project_cta:default project_id=4429]

The nine-level building, developed by Urbala Development and funded by Banner Asset Management, comprises 58 apartments above two retail tenancies



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Urbala Development complete Essendon apartment development Luminess

Essendon is embracing a bold and fresh energy with the introduction of Tekna.

The contemporary building showcases sleek and sophisticated forms, with articulated facades that incorporate various fenestration elements and individual glazed balconies.&nbsp;

Designed to harmonise with the existing streetscape of Russell Street, Tekna reflects the essence of Essendon, with Fenton Design Group choosing materials and colours that complement the area's dynamic and sought-after landscape.

[smartcode_project:default project_id=1675 project_image_fid=46033]

Beyond its vibrant facade, Tekna offers homes that strike a perfect balance between convenience and aesthetics.

The bathrooms embody the philosophy that "less is more," creating spaces that are bright and uncluttered, with integrated storage solutions incorporated throughout.

Similarly, the bedrooms in Tekna are carefully designed to prioritise comfort, with layers of materials and fabrics contributing to a soothing ambiance.

[smartcode_project:default project_id=1675 project_image_fid=46038]

With Essendon Station just across the road and the convenience of No 59 trams around the corner, residents have easy access to transportation.

Tekna is within walking distance of local shops, cafes, bars, and restaurants, while the open spaces of Queens Park, are also nearby.

[smartcode_project_cta:default project_id=1675]

Beyond its vibrant facade, Tekna offers homes that strike a perfect balance between convenience and aesthetics

Essendon apartments

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