Kokoda's $100m St Kilda Road play
Kokoda Property Group has unconditionally acquired a $100 million-plus site on St Kilda Road where it will deliver an 18-storey tower.
Kokoda is now working with Studio McCue to design a new apartment building on the 6,085 sqm site at 441 St Kilda Road, a site which has been owned by Dymocks Properties for several years.
They will create a development that "brings integrated wellness, design-led living, and a curated ground-floor hospitality and retail offering to one of Melbourne’s most distinguished boulevards."
Kokoda Property Group Founder and Managing Director, Mark Stevens, said the acquisition reflects Kokoda’s continued confidence in Melbourne’s residential market and the future of St Kilda Road.
“After a cautious period, buyer sentiment is stabilising, and capital is returning to quality, design-led residential projects in prime locations," Steven said.
"At the same time, Victoria’s competitive construction market offers a window of opportunity to deliver best-in-class developments without compromising craftsmanship."
St Kilda Road and its surrounds are going through a development boom, with several new developments either underway or in the planning phase.
Hirsch & Faigen recently launched The Queensbury, just off the main strip on Queens Road, Mirvac is well advanced in construction of The Albertine just a few doors down from The Queensbury, Samuel recently completed Louise on Louise Street, and Dexus has plans for over 400 new apartments at 636 St Kilda Road.
Located just 3km from the CBD and directly interfacing Fawkner Park, the Kokoda site offers uninterrupted park frontage and seamless connection to the Domain Precinct, South Yarra, Southbank, and Melbourne’s arterial transport network.
“441 St Kilda Road is one of the boulevard’s last true super sites," Stevens added.
"With dual frontage to Fawkner Park and St Kilda Road, it provides a rare opportunity to deliver a landmark parkside address, pairing wellness-focused amenity with the urban connectivity today’s buyers value."
Kokoda says their design ambition for 441 St Kilda Road is to establish an internationally benchmarked residential address, a collection of ultra-luxury homes in the sky, inspired by the world's great park-side apartments.
They say floorplans will draw on the elegance of New York’s finest residences overlooking Central Park, featuring dramatic ceiling heights and protected winter gardens that serve as four-season living rooms, as well as internal wellness sanctuaries and sculptural kitchens.
Kokoda Property Group will now progress concept design ahead of a future planning process.
Joel Robinson
Joel Robinson is the Editor in Chief at Apartments.com.au, where he leads the editorial team and oversees the country’s most comprehensive news coverage dedicated to the off the plan property market. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia’s evolving development landscape.
He holds a degree in Business Management with a major in Journalism from Leeds Beckett University in the UK, and has developed a particular expertise in off the plan apartment space. Joel’s editorial lens spans the full lifecycle of a project, from site acquisition and planning approvals through to new launches, construction completions, and final sell-out, delivering trusted, buyer-focused content that supports informed decision-making across the property journey
