David Lamond from Noorden Real Estate Market Insights

Episode 59. Market Insights: Urban CEO Mike Bird and David Lamond Unveil the Duke Project: A Premier Collingwood Development

In a recent conversation with David Lamond, founder of Noorden Projects, Urban CEO Mike Bird delved into the details of the highly anticipated Duke project in Collingwood. This exclusive development features nine full-floor luxury apartments at 93 Wellington Street, strategically located in the heart of Collingwood.

First Published on Urban.com.au/news: What a buyer needs to know about Collingwood's Duke Apartments: Five minutes with Noorden's Dave Lammond

The Duke project stands out for its unique offering: spacious, high-end residences with a focus on security and low operating costs. Each apartment boasts expansive living areas, with three bedrooms, two bathrooms, and ceiling heights ranging from 2.7 to 2.9 meters. The design incorporates concrete ceilings and a natural light-filled layout that enhances the building's modern yet industrial Collingwood aesthetic.

A key advantage of the Duke project is its streamlined approach to amenities. By focusing solely on high-quality living spaces without the additional costs associated with gyms and pools, the development caters to buyers seeking lower strata fees and greater flexibility. This is particularly appealing to buyers who may be absent from the property for extended periods, such as those flying in and out or residing overseas.

The Duke project is a collaborative effort between the architects, DP Toscano, and Duke Ventures, the development arm owned by the architects themselves. This integration ensures meticulous attention to detail, as the architects are deeply invested in both the design and execution of the project.

Current pricing for the Duke’s apartments ranges from approximately $1.9 million to $2.5 million, with most units falling in the $2.4 to $2.5 million range. Construction is already underway, with Hamilton Marino leading the build, and the project is on track for completion by early December.

The response has been overwhelmingly positive, with four of the nine apartments already sold. Buyers include local Melburnians looking to downsize and Australians residing abroad seeking a Melbourne base. This early success underscores the strong market demand for such well-designed, luxury residences.

For property developers and project marketers, the Duke project exemplifies how targeted design, strategic location, and effective management can create a compelling real estate offering. With its unique blend of luxury and practicality, the Duke project is set to make a significant impact in the Collingwood property market.

Stay tuned for more updates as the Duke project approaches its completion and continues to attract discerning buyers looking for a sophisticated urban lifestyle.