H & F Property

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The sway toward commercial development within City of Yarra shows no signs of slowing, with Apartments.com.au tracking near on 300,000 square metres in development.

The intensifying trend continues to attract developers which have historically leaned on residential development. Latest to the fray is H&amp;F Property who is the applicant behind an 11 storey building at Abbotsford's 218-228 Hoddle Street, with a secondary frontage to Stafford Street.

Designed by Architectus, the $25 million application contains 7,389 square metres of space above three basement levels, and was submitted during April.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image41_11.jpg" rel="gallery-all" title="Lower level Hoddle Street expression. Planning image: Architectus"><img alt="" class="image-article-full-width-580px" height="314" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image41_11.jpg?itok=IPDT6ejE" title="Lower level Hoddle Street expression. Planning image: Architectus" width="580"></a>

<figcaption>Lower level Hoddle Street expression. Planning image: Architectus</figcaption></figure>H&amp;F Property's bid is in addition to a bevvy of traditionally residential developers such as Caydon Property Group, Alpha14 Property Group, Pace Development Group, Beams Projects, GURNER, LK Property Group, Domain Hill Property Group and Peregrine Projects who are in the process of realising their respective first commercial developments, which all happen to fall within City of Yarra.

Add fellow development firms such as Lazzcorp, Alfasi Group, Salta Properties, Riverlee and Grocon who have a hand in active commercial developments within the municipality.

The result is an impressive 34 commercial projects on the go within City of Yarra according to Apartments.com.au's Project Database.

Planning agency Human Habitats provides a decisive overview as to why City of Yarra, in particular, is running hot with commercial development:

<blockquote>
At a local level, ongoing change in the structure of employment has begun across the City of Yarra in recent years with strong growth in property, business services, retail, and the finance and insurance sectors. This demand for employment has been welcomed considering the decline in wholesale and manufacturing sectors across the City of Yarra.

As traditional office locations such as the CBD and Docklands reach capacity, employment precincts such as Richmond/Cremorne have become increasingly attractive locations for office based employment. This location appears to cater for the continuing growth in small to medium sized business services and the ‘new economy’ employment of an increasingly skilled workforce.

The demand for additional office space is reflected in the effective rental growth in the City Fringe Areas (which include Richmond / Cremorne) which has experienced growth in the order of 20% over the year to March 2018, and which has featured a vacancy rate of below 3.5% for in excess of 18 months.

Real Estate Advisory firm Colliers are predicting that the underlying fundamentals of demand within this area are sustainable, and that demand will remain strong given Melbourne’s promising economic outlook and extraordinary population growth.
<cite>Human Habitats</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image44_7.jpg" rel="gallery-all" title="PACE Development Group's Langridge Street commercial foray"><img alt="" class="image-article-full-width-580px" height="569" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image44_7.jpg?itok=VRSJUG5n" title="PACE Development Group's Langridge Street commercial foray" width="580"></a>

<figcaption>Pace Development Group's Langridge Street commercial foray</figcaption></figure>PACE Development Group's expansion into the commercial market is via <a data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://maps.google.com/?q%3D51%2BLangridge%2BSt%26entry%3Dgmail%26source%3Dg&amp;source=gmail&amp;ust=1532663610265000&amp;usg=AFQjCNFOy_B4o69T_VVVRtKPmZb_AgP0VQ" href="https://maps.google.com/?q=51+Langridge+St&amp;entry=gmail&amp;source=g" target="_blank">51 Langridge St</a> in Collingwood, with the project's end value expected to surpass $25 million. 

Planning and Design Manager at Pace Development Group, Michael Holah. touches upon what makes City of Yarra an attractive proposition. 

<blockquote>
We see this striking a real chord with businesses wanting a contemporary upgrade, those priced out of suburbs such as Richmond and Cremorne, as well as those currently located in a co-working environment that have grown enough to warrant their own office space.

Unlike its CBD counterparts, this project is designed to capture the Collingwood feel and the ethos that the suburb stands for – SJB Architects has conceptualised something truly reflective of both the site’s surrounds and the cultures of the businesses that will grow here.

The smaller floor plates are exactly what the market is looking for.
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image47_12.jpg" rel="gallery-all" title="The Hayball-designed 17-21 Harcourt Parade is due for a construction start"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image47_12.jpg?itok=UfKVmlU-" title="The Hayball-designed 17-21 Harcourt Parade is due for a construction start" width="580"></a>

<figcaption>The Hayball-designed 17-21 Harcourt Parade is due for a construction start</figcaption></figure>With yet more projects to be added, the Apartments.com.au Project Database tally sees 32 purely commercial projects and 2 mixed use developments listed within City of Yarra. These projects amount to some 292,100 square metres of commercial office space in development.

Only 7 developments are currently at construction and stand to add approximately 41,700 square metres of combined commercial stock, indicating that City of Yarra's commercial boom has some years yet to run.
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silvermb

Traditional residential developers cash in on Yarra's 300,000sqm commercial boom

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Emerging local developer <a href="/developers/hirsch-faigen">H &amp; F Property</a> is seeking a slice of <a href="/new-apartments/box-hill-vic-3128">Box Hill's</a> booming apartment market with a current planning application for a substantial residential building.

Submission of the planning application follows H &amp; F Property's earlier pursuit of rezoning for the relevant site which was initially tagged as Commercial 2. Now consistent with the Box Hill Activity Centre Transit City Structure Plan, H &amp; F Property are chasing approval for a 20 storey mixed-use building created by <a href="/architects/sjb-architects">SJB Architects</a>.

Abutting Box Hill RSL, the proposal is substantially taller than anything in the immediate vicinity.

<h2>
<a href="/buildings/central-park-box-hill-12-14-nelson-road-box-hill">12-14 Nelson Road, Box Hill</a>: summary</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image12_5.jpg" rel="gallery-all" title="Planning application image: SJB Architects"><img alt="" class="image-article-full-width-580px" height="612" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image12_5.jpg?itok=HIeFttGA" title="Planning application image: SJB Architects" width="580"></a>

<figcaption>Planning application image: SJB Architects</figcaption></figure><ul>
<li>Submitted August 2015 with revisions dated January 2016</li>
	<li>Current site use: single storey warehouse building</li>
	<li>1,598sqm site area</li>
	<li>Proposed 20 level building at 64.5m (lower ground)</li>
	<li>148 apartments: 11 x 1BR, 29 x 1BR + Study, 108 x 2BR</li>
	<li>Retail tenancy: 143sqm</li>
	<li>Podium commercial tenancies total: 1,110sqm</li>
	<li>Basement and podium capacity for 180 vehicles</li>
	<li>91 bicycle spaces and 165 residential stores</li>
	<li>Communal facilities include roof deck, residents lounge, gym, BBQ / dining areas</li>
</ul>
<blockquote>
The proposed development is still relatively modest in scale for this rapidly evolving suburb. At ground level (and the three podium levels) retail and/or commercial tenancies fronting Nelson Road provide activation and an engaging interface. Residential apartments activate the ground and podium levels to Shipley Street.

There are no south-facing apartments – a significant aspect of this proposal. In addition, apartments have been arranged such that there are a number of opportunities to combine one and two bedroom apartments to provide generous three bedroom family residences.

Architecturally, the proposal seeks to create a contemporary building form and façade language. A series of framed elements blur the legibility of floor levels by combining multiple levels into a single architectural component. These 
components also have the effect of making the building composition feel lighter, distorting its mass, and altering the scale and rhythm of the building.

The framed elements also create a dynamic, cascading pattern across the façade, giving it a strong and distinguishable architectural character amongst the varied architectural forms within this energising precinct.
<cite>SJB Architects, January 2016 Architectural Design Response</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image14_6.jpg" rel="gallery-all" title="Planning application image depicting the rooftop area: Tract"><img alt="" class="image-article-full-width-580px" height="241" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image14_6.jpg?itok=aFP26Wvp" title="Planning application image depicting the rooftop area: Tract" width="580"></a>

<figcaption>Planning application image depicting the rooftop area: Tract</figcaption></figure>Integral to 12-14 Nelson Road's planning documents currently on display is the project's Urban Context Report prepared by SJB which gives an indicative development outcome for Box Hill through to 2030.

Although a concept, the image below does provide a glimpse of Box Hill's future with the current inundation of apartment buildings showing no sign of slowing. Of particular interest is the density emerging around Wellington Road with Spotlight Development Group's intended project joined by fellow projects 5-9 Wellington and 16-22 Wellington.

While the graphic provides great detail for current and expected built form north of Whitehorse Road, various development sites south of Whitehorse Road are not included. Factoring future large towers into the below graphic, an understanding of the massive proportions that Box Hill is headed toward can be gained.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image13_7.jpg" rel="gallery-all" title="Urban Context Report image: SJB"><img alt="" class="image-article-full-width-580px" height="329" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image13_7.jpg?itok=tZAeqN2U" title="Urban Context Report image: SJB" width="580"></a>

<figcaption>Urban Context Report image: SJB</figcaption></figure>12-14 Nelson Road is the second entry for H &amp; F Property within the Apartments.com.au Project Database, following on from their current apartment development located in <a href="/new-apartments/glen-iris-vic-3146">Glen Iris</a>. At <a href="/buildings/grace-1555-malvern-road-glen-iris">1555-1559 Malvern Road, Grace Apartments</a> is a <a href="/architects/conrad-architects?%2C0">Conrad Architects</a>-designed building containing 43 apartments over four levels.

With the concrete structure complete, builder <a href="/builders/maxcon">Maxcon</a> is proceeding with internals on the development which has an expected completion date toward the end of 2016.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/projectimages.image1_.144.grace_01b.jpg" rel="gallery-all" title="Grace Glen Iris. Image source: Maxcon"><img alt="" class="image-article-full-width-580px" height="261" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/projectimages.image1_.144.grace_01b.jpg?itok=cqYuJinS" title="Grace Glen Iris. Image source: Maxcon" width="580"></a>

<figcaption>Grace Glen Iris. Image source: Maxcon</figcaption></figure><h2>12-14 Nelson Road development team</h2>

<ul>
<li>Developer: H &amp; F Property Group</li>
	<li>Architect and Urban Design: SJB Architects</li>
	<li>Town Planning: Pro Urban</li>
	<li>Landscape Consultant: Tract</li>
	<li>Traffic Engineer: MGA Consultants</li>
	<li>Waste Management: Lid Consultants</li>
	<li>ESD: ARK Resources</li>
</ul>
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