Eric Loi once worked for the architect who designed a home that was never finished. After buying the South Yarra block, now it’s his turn.
The eerie half-finished home started by Adrian Valmorbida has been snapped up by developers Prime Edition.The half-finished home will be transformed into five luxury apartments and a three-storey house.Conventional wisdom favours buying the worst house on the best street, and now the mystery buyers of what may well be the worst house in South Yarra have been unveiled.for more than $15 million and plans to build luxury apartments and a large home.
Loi formerly worked for architect Nonda Katsalidis, who designed Valmorbida’s Avoca Street home project, and also met with Adrian Valmorbida during that time. Loi said the developers would not waste the construction work already done on the site and would incorporate some of it in the new buildings. Loi had to get council approval to adjust the proposed development before the developers bought the site, and the updated project is expected to be complete by the end of 2024.Prime Edition was previously known as JCL Prime. Loi’s previous roles include stints at Henny and engineering firm Robert Bird Group. He was also photographed next to then-state opposition leader Matthew Guy at last year’s 100 Days to Change the Government campaign lunch before the state election.
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