Introducing Alke, Melbourne’s New $55m Development

 Introducing Alke, Melbourne’s New $55m Development

A $55 million apartment project in south-east Melbourne has been completed, with excited residents already settling in nicely!

The 83-apartment complex, named ‘Alke’, is located in Oakleigh and excellently caters for downsizers and first home buyers.

Property developers Pellicano are behind the sought-after project, which holds sentimental value for the family-run business as they launched their first-ever residential development just minutes away from the Oakleigh site – back in 1969!

Pellicano Managing Director, Nando Pellicano, said: “We are pleased to have delivered another residential project to Oakleigh, our family has a strong history in the area and it’s a suburb we’ve always held in high esteem.”

The development includes traditional one- and two-bedroom options, starting at $463,000, with sales recorded in excess of $1.1 million for the three-bedroom luxury range named ‘The Prestige Collection’.

Alke

Alke, with its distinctive brick façade, is primed to become a genuine Oakleigh landmark and fits perfectly in with its culturally diverse surroundings.

Designed by SJB Architects, Alke combines sleek interiors with sweeping views, and, despite the tricky economic climate, buyer sentiment has remained strong, even more so now that the development is complete.

“All the residents our team have been speaking to are looking forward to their new lives at Alke,” said Mr Pellicano.

“Some were looking for something smaller with a move from the local family home, others were embarking on the first step of home ownership, while some were seeking a residential investment opportunity,” he said.

Located at 89 Atherton Road, Alke is just a stone’s throw away from popular shops and cafes (and eateries before you make that joke), whilst maintaining easy access to Melbourne’s CBD – something which has gone down a treat with buyers.

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