Structural completion of Aster Apartments at Jackson Green
18 October 2022
Cedar Woods has achieved topping out of Aster Apartments, the final residential building in its Clayton-South community development, Jackson Green.
The construction of Aster Apartments adds to Jackson Green's three existing residential buildings and 151 townhomes comprising the 6.5 hectare, $230 million masterplanned development.
Launched in July 2020, Aster Apartments has received interest from both first home buyers and investors during and after the COVID-19 pandemic, with the building achieving 86 per cent sell-through in October this year.
According to Cedar Woods' Victorian Development Director James Bovell, the success of Aster Apartments demonstrates the strength and resilience of Melbourne's suburban apartment market.
"We've seen strong and consistent demand for apartment living outside of the CBD and city-fringe areas, with many purchasers wanting to pursue a low-maintenance lifestyle with a community feel – especially with the emergence of hybrid work," says Mr. Bovell.
"Aster Apartments offers a low-maintenance alternative to a standalone home and caters to a wide range of purchasers, who are increasingly looking to be part of an established community development in close proximity to lifestyle outlets, schools, and green space."
The Jackson Green development has been designed with sustainability in mind. Central to Aster Apartments' sustainability initiatives is double glazing, a photovoltaics system which will provide power and lighting to communal areas, a water reuse system, communal electric vehicle charging, and Tesla rideshare program - elements which Mr. Bovell says speak to the future of what purchasers will look for when purchasing a home.
"By placing sustainability at the heart of Jackson Green we have been able to deliver a community that benefits both the residents of Jackson Green and the broader community of Clayton South," says Mr. Bovell.
Aster Apartments is a collection of 128 one, two and three-bedroom apartments set across three buildings, featuring open-plan layouts, private courtyards and balconies, and stainless-steel appliances.
The development is well serviced by existing infrastructure such as Monash University, Monash Medical Centre, Clayton Shopping Centre, two train stations, cafes, restaurants, hospitals, golf courses and some of Melbourne's best recreational trails – also sitting on the doorstep of the Monash Employment Cluster, which boasts the largest concentration of jobs outside of Melbourne CBD.
Internal fit out of Aster Apartments is now underway, with an anticipated completion date of February 2023.
The topping out of Aster Apartments was celebrated with a ceremony on Tuesday 18 October with Cedar Woods and project builder, Ironside.