BY Tessa Hayward
Geelong Advertiser September 23rd, 2016 11:24am
MORE than 15 homes in the controversial former St Mary's school site development have already sold, before the project has officially launched.
The Geelong 1 Apartment development's grand opening is on Saturday.
Castran Projects director Lachlan Castran said interest in the apartments already indicated the project was filling a void or niche int he market on both price and product.
"Something like this hasn't really been offered before in Geelong... the level of inquiry is unprecedented, it is very strong," Mr Castran said.
With the majority of apartments priced from $295,000 to $795,000, with two exceptions that are up to $1.3 million, and a central Geelong location, the development is attracting a mix of buyers.
The development's grand opening is on Saturday
Mr Castran said local interest had been very strong from first-home buyers, to mum and dad investors, to down-sizers.
"The market... is more educated on what an apartment offers in Geelong," he said.
The development has 110 homes, with a variety of one, two and three-bedroom apartments, plus two four-bedroom penthouses.
Local identity Nadia Bartel is also involved in the project as a colour consultant in conjunction with Fenton and Fenton for furniture packages worth $11,000.