Old pub opts for a new, stylish Pace

Herald Sun - Property - - NEWS - Sean O’Cal­laghan

SOUTH Yarra’s Argo Ho­tel will host a crowd of a dif­fer­ent sort in its new guise as a bou­tique apart­ment block. Ar­chi­tects from Rothelow­man are charged with turn­ing the old pub into a 39-unit devel­op­ment.

Pace Devel­op­ment Group is build­ing Argo Apart­ments, which will of­fer one and two-bed­room units in a lo­ca­tion close to bou­tiques, cafes and Fawkner Park.

An in­te­grated builder and de­vel­oper, Pace spe­cialises in medium-den­sity projects. In 2010 it won HIA Vic­to­rian Apart­ment Project of the Year for its Nau­tica devel­op­ment in San­dring­ham.

Beller Project Mar­ket­ing di­rec­tor Da­mon Kron­gold, who is han­dling sales at Argo, said Pace’s pedi­gree was matched by Argo’s set­ting.

‘‘The apart­ments are . . . in the heart of South Yarra but it’s a very quiet lo­ca­tion in a gen­uinely peace­ful area,’’ Mr Kron­gold said.

‘‘You can leave the car at home in the base­ment and walk no more than five min­utes to the Prahran Mar­ket.

‘‘It of­fers a plethora of fruit traders and seafood mon­gers and is like a minia­ture ver­sion of the Queen Vic­to­ria Mar­ket.’’

In a nod to the site’s his­tory, two ground-floor apart­ments have in­di­vid­ual, bed­room-sized cel­lars with step-down lad­ders.

All buy­ers have a choice of light or dark colour schemes for in­te­rior liv­ing ar­eas and bath­rooms. Other high­lights in­clude Bosch stain­less-steel ap­pli­ances, stone benches and pol­ished floor­boards. Base­ment park­ing and stor­age cages are stan­dard.

Pub­lic trans­port op­tions in­clude trams on Chapel St and Com­mer­cial and Toorak roads and trains at Prahran and South Yarra.

Mr Kron­gold said de­mand had been strong and the two-bed­room apart­ments quickly sold out. Con­struc­tion is due to start in April. A dis­play suite at 64 Argo St, South Yarra, is open week­ends from 2pm4pm. More in­for­ma­tion is avail­able from Da­mon Kron­gold on 0418 850 757. Price range One-bed­room apart­ments from $419,000

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