Abbotsford development Haven 30% sold in first fortnight of marketing

Abbotsford is becoming a development hotspot, with a new 148-unit, 11-storey development 30% sold after launching on November 5.

Haven is the second stage of a three-stage project by developer Hamton, after stage one of the Abbotsford development, the 201-unit Eden, sold out. The three together are set to have 560 apartments.

They join other recent residential building in the suburb, such as the Trenerry development.

Haven will include a mix of one-, two-, three- and four-bedroom units. One-bedroom units will range in size from 41 square metres to 72 square metres internally and are priced between $365,000 and $581,000. Two-bedroom units will be between 66 square metres and 134 square metres internally and range in price from between $680,000 and $1.3 million. Three- and four-bedroom units will be between 124 square metres and 235 square metres internally and are priced between $1.38 million and  $3.9 million.

Of the apartments that sold, 18 were over $1 million. 

Hamton joint managing director Paul Hameister says the previous development drew well-heeled owner-occupiers from the neighbouring high-end suburbs of Hawthorn and Kew. Prices for Eden apartments ranged from $320,000 to $2,665,000.

“With Eden, we were overwhelmed with demand from owner-occupiers currently living in the affluent suburbs across the river from our site,“ Hameister says.

“They were looking for larger luxury apartments with high-end finishes, allowing them to downsize to a low maintenance lock-up-and-leave lifestyle in essentially the same location as their current home. We have sought to address this demand with Haven.”

Haven will include resort-like features to cater for high-end owner-occupiers, including a hotel-like lobby with concierge service, bar and lounge, a panoramic rooftop with landscaping and plots available for resident gardening, a heated rooftop pool and spa, indoor cinema, gym and outdoor adventure gear available for hire.

“We are pleased that our extensive research into the empty nester market and the steps we have undertaken to accommodate their needs has been validated with these results,” says Hameister.

Architecture firm RotheLowman is designing the inside and outside of the building, designed to emulate the curves and contours of the neighbouring Yarra River.

Between Haven and Eden will be Acacia Place, a series of landscaped spaces and a public walkway connecting the Yarra to Victoria Street.

“One of the key elements of our master plan for the site is Acacia Place, which allows the public to share this unique piece of river bend and bring activity and vibrancy to the precinct,” Hameister says.

Construction is expected to begin in early 2012 and is expected to be finished in early 2013.

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