The first large scale development in the area was overseen by Stratum. Run by experienced developer Craig Stewart, Stratum’s website proclaims to undertake development that is uncompromising on materials, design and quality without “an excessive price tag.”
Stratum’s first contribution, the Victoria Precinct, is an $80 million development comprising of Northern and Southern blocks that back on to the iconic St Peter’s Church. The church adds character value to the apartments and assures buyers that their sun and views of the Kelburn Hill will not likely be taken away anytime soon. The 11 and 13 storey blocks consist of 140 one, two and three bedroom apartments ranging from $350,000 to $639,000; both towers had opened by 2019 and all the properties sold directly off the plans.