Share a piece of the high life
IT’S not often a friend in a bar gives you the tip on the next suburb to experience gentrification.
But that’s how it went for Kincaid Projects director Kris Burt, who learned through a mate that owned a Thornbury bar and witnessed his clientele transform as the suburb changed. The gay and lesbian community tend to be trailblazers when it comes to suburban gentrification and it was the case for The Thornbury Local under its previous guise, the Bender Bar, Mr Burt said.
“He changed the name to the Thornbury Local because all these developments started to open up and the crowds started to change,” he said.
“The people that were coming in were now younger, hipster types, well dressed, well groomed professionals,” he said.
Mr Burt was living in Collingwood and driving up High St each day to a project near Preston Market.
“I realised there wasn’t much difference between Smith St (Collingwood) and High St, Thornbury, in terms of the people, the cafes and the restaurants,” he said.
Darebin City had also cottoned on, earmarking land near the Plenty Rd junction for high-density development and reclaiming parts of the streets for trees, parkland and bike lanes, Optimus Developments chief executive Andrew Karpatti said.
“The whole area will be less grey and a bit more green and liveable,” he said.
The junction is the site for Nine High, a joint venture between Kincaid Projects and Optimus Developments to deliver 68 apartments over seven levels. The development was conceived by Kincaid’s inhouse design team and includes plans to provide natural light to all bedrooms through larger light wells. They collaborated with Wendy Bergman, of Eades & Bergman, for the interior designs.
Among Ms Bergman’s contributions are double-sized pantries, wine rack storage, Ushaped benches that encourage eating at the kitchen and bento box vanity tops.
Mr Burt said the development was geared toward share housing, with all two-bedroom apartments containing two bathrooms.
“Most buyers are wanting two bedrooms. We initially thought it would be taken up by investors, brothers and sisters or mates wanting to buy an apartment together so we decided that every twobedroom apartment would have two bathrooms,” he said.
“We’ve had plenty of groups come in and they’re all local people coming from the area.”
A one-bedroom plus study apartment is priced at $340,000, two bedroom apartments are $450,000 and three-bedroom plus terrace apartments are $630,000.
For more details, call Bryce Patterson at Capital Property Marketing on 0412 056 838 or see ninehighapartments.com.au