Apartments snapped up at former St Mary's school site housing development

BY Tessa Hayward
Geelong Advertiser September 26th 2016 11:40am

A record-breaking 30 apartments sold at the grand opening of the Geelong 1 Apartments on Saturday at the old St Mary's school site.

Castran Projects managing director John Castran said it was a record for the greatest number of apartments sold in Geelong in one day.

"It is because they are affordable, people aren't stupid," Mr Castran said.

he said the most popular apartments were the rooftop apartments in the $500,000-$750,000 price bracket, with all of them now sold.

"They really flew off the shelves," he said.

This is after more than 15 apartments sold before the grand opening.

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An artist's impression of the luxury apartments


There are 110 apartments with the majority priced from $295,000 to 4795,000, with two exceptions that are up to $1.3 million.

Mr Castran said an equal balance of Melbourne and local buyers had been interested in the apartments.

Torquay's Susie Clark-Relph was looking at buying a two-bedroom, two-bathroom apartment.

"I am looking at buying an investment property and perhaps even live there myself one day," Ms Clark-Relph said.

She said she was attracted to the development because of its inner-city Geelong location and affordable prices.

Local fashion identity Nadia Bartel was also on hand to talk about her collaboration with Fenton and Fenton furniture packages for the apartments, worth $11,000.

"It is really nice and exciting to be involved. Fenton and Fenton have such unique furniture and the fit the apartments perfectly," she said.

The development was orginally going to be stage two of Common Equity Housing Ltd's (CEHAL) St Mary's Terrace project.

That stage was set to include a mixture of private and social hosuing but instead was sold and replaced with this $50 million luxury residential development. CEHL now plans to build more social housing elsewhere in Geelong.

Construction on the development at the corner of Bellerine and Little Myers streets is expected to start in the first quarter of next year and be completed towards the end of 2018.

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The apartments are located centrally in Geelong, on the site of the former St Mary's school.

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