Serial entrepreneur Larry Kestleman has reaffirmed his intentions to become Melbourne’s ‘best and most trusted’ property developer by hosting a star-studded gala to showcase his stable of art-inspired apartment developments.
Better known as the founder of Internet service provider Dodo, which he sold for $204m in 2013, the Ukranian-born property developer has also been active as
LK Property in Melbourne’s residential market for almost two decades.
Held at The Peninsular in Docklands and hosted by Eddie McGuire, the event was designed to showcase LK Property’s projects across the Victorian capital.
Several of the project’s that were featured include:
The Opus Tower – a 37-level tower in the heart of Melbourne’s Southbank
KOKO, Carnegie – a boutique 19-apartment building in Carnegie
Roger Poole, Bates Smart (left) with Larry Kestleman, LK Property[/caption] Guests are entertained at LK Property Group's Gala Showcase in Melbourne[/caption]He also outlined his ambitious plans for The Capitol, arguably one of Melbourne’s best residential sites.
Located on the corner of Toorak Road and Chapel Street in South Yarra, Kestleman is proposing a luxury New York-inspired architectural landmark on the historic former Fun Factory and Capitol Bakeries site.
To be designed by Bates Smart, it is understood that prices in the luxury development could fetch upwards of $20 million.
“Melbourne deserves an internationally acclaimed landmark, and The Capitol will deliver that” he confidently stated.
LK Property is currently in negotiations with the local authority to amend the existing development permit with a submission expected in the coming months.
Editor’s Note: Staff of TheUrbanDeveloper.com attended the event as guests of LK Property.