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Developer offers olive branch after selling out South Yarra development

Property Observer


Property Observer
By Alistair Walsh
13th March 2013

Property development group Little Projects has sold all 388 apartments in its ILK South Yarra development just as the building topped out at 24 storeys.

To celebrate the company ran a topping out ceremony where a crane hoisted an olive tree on top of the concrete structure while managing director Michael Fox posed for a photo (below).

The tradition is a somewhat common practise in the construction industry with many skyscrapers and bridges being topped off with an evergreen tree, supposedly for good luck. The tradition is an ancient Scandinavian practise that has been carried on through the ages and popularised by immigrant ironworkers in America.

In this case the ceremony did highlight the wide panorama residents at the top end of the tower would have from their apartments.

According to Little Projects, the building is just months of being completed with settlements planned for late July 2013.

The project will include a landscaped roof garden with barbecues and dining area, a large indoor/outdoor cinema and a swimming pool with a sauna and a gym.

Fox says the sales of the building outperformed other projects in the area.

“ILK sold out quickly, ahead of other competition in the area. We attribute this to its enviable South Yarra location, iconic building design, outstanding residents’ amenity and the high quality fit out of each of the apartments. We have dedicated some of the best views and spaces in the building to amenity which allows for more of the residents to enjoy,” Fox says.

The company has just launched Central South Yarra, a new project in the Forrest Hill Precinct of South Yarra.

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