Apartment development slated for Melbourne's Ivanhoe

Monark Property Partners have partnered with Kincaid Projects to launch a 35 apartment residential development in Melbourne's Ivanhoe titled Iva.

Ivanhoe in a joint venture with Kincaid Projects announcing the launch of Iva, a 35 apartment development with a gross valuation realisation of $32 million.

Michael Kark, executive director, Monark Property Partners said the Ivanhoe downsizers market is an untapped demographic for many developers.

“With strong infrastructure in the area including ample transport links, major hospitals, schools and shopping centres, the suburb is a downsizing dream for the over 60s market,” he said.

Iva will feature one, two, three and four bedroom apartments with an average floor size of 96 square metres and have high-end marble finishes, carpentry flooring and wine fridges.

Kincaid Projects have created the interiors in conjunction with notable Melbourne designer Wendy Bergam of Melbourne’s Bergam & Co.