<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Joel Robinson

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

By the time S&amp;S Projects began planning <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia</a>, the developer already had three Rainbow Bay projects from which to draw.

Flow, Awaken and Esprit had given <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a> experience developing in the southern Gold Coast enclave, as well as buyer feedback that could be carried into its fourth project, a boutique collection of 38 residences at 271 Boundary Street.

“We have experienced a lot of success in this location and as this was our fourth building we had taken all of the learnings and buyer feedback from previous projects to arrive at a design and apartment mix that we believe had captured all of that experience and remained a true S&amp;S Project in its design and amenity,” the developer said.

That experience has translated into a collection of two, three, four and five-bedroom residences including two penthouses positioned on an elevated corner in Rainbow Bay, where the site opens to multiple coastal view corridors and the area's distinctive north-facing bay.

[smartcode_project:default project_id=140491 project_image_fid=284542]

S&amp;S Projects says the Boundary Street site took years to assemble, having previously comprised six units, a house and a duplex. The developer worked individually with the existing owners to bring the properties together after an earlier attempt to sell the site had been complicated by the number of parties involved.

“We are constantly looking for properties that meet our brand standards of location, views, and sites that are rare with unique aspects that we can develop to maximise the lifestyle of residents who live in our buildings,” S&amp;S Projects said.

The Boundary Street site gave <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a> a different set of conditions to work with.&nbsp;

“Our design brief was to design a building that took advantage of its unique elevated corner siting offering a range of spectacular view corridor opportunities,” Cottee Parker said.

“The design had to reinforce the strong brand pillars of S&amp;S which are quality, luxury and superior resident amenity.”

[smartcode_project:default project_id=140491 project_image_fid=284543]

Cottee Parker responded with a sculptural floorplate and strong horizontal banding, with continuous balconies and landscaped planters wrapping the building. Operable screens along the balcony edges allow residents to manage light and shade while creating an additional layer of pattern across the facade.

The tower rises above a heavily landscaped podium incorporating the entry lobby and recreational level, while the broader architectural expression takes cues from Rainbow Bay's coastal environment through its organic forms and light material palette.

Cottee Parker says the design has also been developed to complement S&amp;S Projects’ three previous Rainbow Bay developments while retaining its own architectural identity.

Inside, the residences continue that coastal response through two interior schemes centred on warm timbers and neutral tones, alongside patterned natural stone and fluted detailing.

Floor-to-ceiling sliding glass doors connect open-plan living areas to wraparound balconies, while natural stone is used across benchtops, splashbacks and bathroom walls. Specifications also include light-washed timber flooring, gas fireplaces, integrated bar and wine fridges, freestanding stone baths and 100 per cent wool carpet.

[smartcode_project:default project_id=140491 project_image_fid=284559]

Cottee Parker Director Sandra Brown said the intention was to create an architectural response closely connected to its surroundings.

“Imagine architecture that breathes with the rhythm of nature, where every curve and line flows seamlessly – creating spaces that dance with the elements, where sunlight kisses every surface and the gentle sea breeze fills every space,” Brown said.

The lessons S&amp;S Projects carried into Radia also extend to its resident amenity, with a substantial collection of shared facilities planned for just 38 residences.

A dedicated Residents Club will include a lap pool and spa, gymnasium, ice bath, sauna, steam room and hot rocks sauna. A residents' lounge, private dining room, outdoor dining and barbecue area and business centre are also planned, along with storage and dedicated surfboard and beach lockers.

S&amp;S Projects Founding Director Paul Gedoun said the facilities were also designed around the project's Rainbow Bay setting.

“Each amenity is designed to capitalise on the lifestyle of Rainbow Bay, ensuring residents can enjoy the relaxed coastal experience the enclave is famous for,” Gedoun said.

[smartcode_project:default project_id=140491 project_image_fid=284555]

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> says purchasers to date have predominantly included local downsizers, interstate lifestyle investors and families, alongside a strong contingent of repeat S&amp;S purchasers.&nbsp;

According to the project sales team, feedback has centred on the natural stone and joinery, generous floorplans, natural light and the ability for residences to capture views in multiple directions. The completed Flow, Awaken and Esprit developments have also provided prospective purchasers with an existing reference point for S&amp;S Projects' delivery in Rainbow Bay.

There has also been interest from high-profile surfers and people connected to the surf community, with the elevated building providing outlooks towards several of the area's recognised surf breaks.

Radia continues S&amp;S Projects' concentration of development in a tightly held part of the southern Gold Coast, close to Rainbow Bay Beach, Snapper Rocks, Duranbah Beach, Greenmount Beach and the Tweed River. The neighbourhood also includes a growing collection of hospitality venues, while Coolangatta Airport provides connections beyond the southern Gold Coast.

Hutchinson Builders is now delivering Radia, continuing the project from early works privately funded by S&amp;S Projects. The $250 million development is expected to reach completion in the third quarter of 2027.

“With our history in Rainbow Bay, we have been fortunate to be heavily involved in how the development landscape has unfolded and this project slides into the property landscape comfortably and will feel like it was always there,” the developer said.

[smartcode_project_cta:default project_id=140491]

How three Rainbow Bay projects shaped S&S Projects' fourth, Radia

Nearly 40 years after <a href="https://www.apartments.com.au/developers/sheida-group">The Sheida Group</a> began working on the northern Gold Coast, the family-owned developer is continuing its involvement in Hope Island with Marina Point Apartments, where apartment scale has been a central part of the development.

Across the 235-apartment waterfront community, the developer has prioritised larger floorplans, substantial open space and marina access, responding to a purchaser base that has predominantly comprised local owner-occupiers and downsizers moving from larger homes.

"Having already delivered Anchorage nearby, we also understood this particular market and how people live here," developer Rick Sheida said.

"<a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Marina Point&nbsp;Apartments</a> gave us the opportunity to build on those lessons and create the next evolution of our work in Hope Island."

[smartcode_project:default project_id=136992 project_image_fid=293151]

The Sheida Group acquired the Marina Point land around 2018. Its appeal, Sheida says, went beyond having a waterfront address.

"What attracted us was not simply that the site was waterfront, but the way it meets the water," he said.

"It sits at the junction of broad waterways, creating long sightlines, changing views and a sense of movement throughout the day. Its shape also allowed us to orient the buildings outward, improve privacy between residences and make better use of natural light and breezes."

The buildings have subsequently been positioned around the perimeter of the site, allowing most apartments to take in water views while others look across the resort amenity or hinterland. Once all four buildings are complete, approximately one hectare of the site is expected to remain as open space.

The waterfront also provides the potential for up to 50 marina berths, with berths ranging from 15 to 24 metres and options designed to accommodate wider vessels including catamarans. Access from the marina to the Gold Coast Seaway is bridge-free.

[smartcode_project:default project_id=136992 project_image_fid=293149]

The developer says purchasers to date have predominantly been owner-occupiers and downsizers from <a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Hope Island</a> and elsewhere on the Gold Coast, generally aged between 45 and 70. Many have sold larger family homes or properties requiring significant upkeep.

That purchaser profile informed a design brief centred on retaining the space and functionality of a larger home within an apartment format.

"Many of our buyers are coming from large, well-appointed homes in Sanctuary Cove and the surrounding area," the project team said.

"They are accustomed to generous spaces and thoughtful design, so it was important that the apartments delivered the same sense of comfort and functionality.

"Every room needed to feel well proportioned, every space needed a clear purpose and nothing could feel compromised."

Residences range from 139 sqm through to 319 sqm penthouses, with two car spaces provided to apartments and three to penthouses. Minimum 2.7-metre ceilings, floor-to-ceiling glazing, entertainer's kitchens with butler's pantries, substantial storage and balconies ranging from 18 sqm to 37 sqm further reflect the emphasis on space.

One purchaser from Sanctuary Cove has taken the concept further, combining two of Marina Point's largest apartments to create a 552 sqm residence with raked ceilings reaching up to 4.5 metres.

[smartcode_project:default project_id=136992 project_image_fid=293155]

With Building 1 now complete, the developer is also seeing its original design assumptions tested against purchaser feedback.

Three completed display residences allow prospective purchasers to compare apartment sizes, layouts, finishes and outlooks in person. The sales team says one of the most consistent responses has been to the scale of the apartments, with visitors describing them as feeling more like homes than conventional apartments.

The first stage of resident amenity is also operational, including a 25-metre heated lap pool, Technogym-equipped gym, infrared sauna, golf simulator and yoga room. Future facilities are set to include a resort-style pool and spa, waterfront barbecue area and a residents' lounge with a library, fireplace, pool table, kitchen and bar.

Rather than treating the four buildings independently, the design brief called for a complete waterfront neighbourhood, balancing private residences with landscaping, open space, marina access and shared amenity.

[smartcode_project:default project_id=136992 project_image_fid=293152]

For Sheida, Marina Point Apartments is ultimately an extension of the developer's longer-term involvement in Hope Island and its view of how the suburb is evolving.

"We were equally interested in the long-term future of Hope Island," he said.

"Its position between Brisbane and the central Gold Coast gives residents access to both, while improving transport connections are making the northern Gold Coast increasingly attractive as a permanent place to live."

Hope Island Marketplace is 1.3 kilometres from Marina Point, while Sanctuary Cove and Paradise Point are within six kilometres. Links Hope Island, The Pines and The Palms golf courses are also nearby, and the new Hope Island train station is under construction around five kilometres from the development.

Building 2 is under construction, with completion scheduled for 2027.

[smartcode_project_cta:default project_id=136992]

Marina Point Apartments continues The Sheida Group's 40-year Hope Island story

Sydney-based fund manager and developer EG is seeking to turn part of the former Roche pharmaceutical campus in Cromer into a 130-home residential community, introducing a mix of low-rise apartments, townhouses and duplexes to the tightly held Northern Beaches market.

The SJB-designed masterplan has been prepared for the 3.2-hectare site at <a href="https://www.apartments.com.au/new-apartments/100-south-creek-road-cromer-nsw-2099">100 South Creek Road</a>, part of the former Roche landholding that EG acquired for $55 million in 2017 through its Yield Plus Infrastructure Fund No. 2.

EG is proposing what SJB describes as a new "urban village" set within the site's significant existing tree canopy.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="482c9a58-49f1-4c53-a12e-aaa02336229f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.20.57%E2%80%AFAM.png?VersionId=hZP8_XfPnfNq500dbcjlpVwYU1ebhF9_" />

Around three hectares of the site is considered developable, with the balance incorporating a riparian corridor that would be rehabilitated and revegetated as part of the proposal.

The indicative masterplan comprises approximately 72 apartments in low-rise residential buildings and another 58 townhouses and duplexes.

The apartment component would include around five one-bedroom, 37 two-bedroom and 30 three-bedroom residences, while the townhouse and duplex component would be spread across several different housing typologies. The overall scheme would deliver around 19,500 sqm of gross floor area at an FSR of 0.6:1.

Parking for the apartment component is currently estimated at around 112 resident spaces and 14 visitor spaces, while the townhouse and duplex component would have 116 resident and 12 visitor spaces.

A significant part of the masterplan revolves around retaining the established landscape character of the former Roche campus.

SJB's plans show heavily treed setbacks along both Campbell Avenue and South Creek Road, a centrally located collection of significant native and exotic trees retained as communal open space, and the regeneration of the northern bushland area.

The existing creek corridor along the site's western edge would also be rehabilitated and revegetated, creating additional separation between the new homes and the neighbouring Northern Beaches Business Park.

A heritage-listed cottage and its garden setting would be retained and restored, with SJB flagging its potential adaptive reuse as communal space.

The proposal also includes new communal recreation areas, pedestrian connections to Campbell Avenue and South Creek Road, and a contribution toward improvements to the adjoining Michele Reserve.

Vehicular access would be restricted to South Creek Road, with no vehicle entry proposed from Campbell Avenue. The main internal road would largely follow the site's existing driveway to minimise the impact on established trees.

SJB said residential redevelopment presented an opportunity to retain the majority of the site's heritage-listed mature trees while delivering a broader range of housing types than typically seen across the Northern Beaches.

"The site being 3.27 hectares in area represents one of the largest vacant sites in common ownership in the Cromer and Dee Why area capable of residential renewal," SJB noted in the masterplan.

The architect said the proposal would particularly target housing diversity through townhouses and other "missing middle" typologies suitable for singles, young families, downsizers and retirees.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="e3f5d841-8491-427e-8ada-c70d3d03d6bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.21.02%E2%80%AFAM.png?VersionId=xTV7r.q8lrTzC9vKzMS9zMbjm9wKwhgm" />

The site emerged following the subdivision of the former Roche campus into eastern and western parcels.

EG has already transformed the western portion into the Northern Beaches Business Park, which incorporates heritage-listed office space, modern warehouses and indoor recreation facilities.

The proposed residential community, referred to as Cromer East in SJB's plans, adjoins established housing to the north, east and south-east, while the business park sits beyond the creek corridor to the west.

It is also within 250 metres of Pittwater House School and Northern Beaches Secondary College, while bus stops within a three-to-five-minute walk provide connections to Dee Why, Brookvale and express services to the Sydney CBD. Cromer Park and the South Creek open space corridor are also nearby.

EG acquired the broader 7.5-hectare former Roche campus in 2017 for $55 million through its Yield Plus Infrastructure Fund No. 2. The campus at the time comprised more than 25,000 sqm of industrial and office buildings set within landscaped grounds.

The current residential site represents the eastern portion of that original holding.

EG's investment strategy for the fund has centred on acquiring income-producing real estate with longer-term rezoning and repositioning potential, particularly assets benefiting from infrastructure and changing land-use patterns.

EG also has an established residential track record across Sydney, including Bosco in Five Dock, Tempo in Drummoyne, The Flour Mill in Summer Hill and Pindari in Randwick.

The developer says it has delivered more than 1,000 homes to date, with a further 3,000-plus residences across its development pipeline.

First look: EG plans 130 apartments on former Roche pharmaceutical campus in Cromer

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Richmond

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The large-scale redevelopment of Richmond's former Jaques engineering complex has been marked by an number of onsite dedications.

Dating back to 1885 and with frontages to Palmer, Coppin, Dyer and Griffiths Streets, the 9,945sqm site's engineering heritage has been permanently embossed across the site. Planning Minister Richard Wynne and Riverlee Group's Clement Lee were recently onsite to unveil plaques dedicated to the Jaques family; these are in addition to the many original engineering sketches and blueprints dotted throughout the build.

The recent event signified completion of the $290 million redevelopment backed by Riverlee Group and Macquarie Real Estate Equity Funds, and which has been delivered in stages. Overall the Fender Katsalidis-designed complex includes 377 apartments and 17 townhouses, car parking provisions, two landscaped courtyards, a rooftop terrace and four retail tenancies.

2,530sqm or 30% of the site is provided for amenity, underpinned by Dyer Street, who's unveiling was marked by Yarra City Council's Lord Major Amanda Stone and Jack Dyer Jr.

<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/jaques_unveiling_of_historical_panels-1.jpg" rel="gallery-all" title="Commemorating Jaques' place in Richmond's history. Image:supplied"><img alt="" class="image-article-full-width-580px" height="704" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/jaques_unveiling_of_historical_panels-1.jpg?itok=m6bRyEqP" title="Commemorating Jaques' place in Richmond's history. Image:supplied" width="580"></a>

<figcaption>Commemorating Jaques' place in Richmond's history. Image: supplied</figcaption></figure>After picking up the Jaques site during 1997, Riverlee Group and Fender Katsalidis reworked initial plans for the site to provide a heightened design outcome.

Works began an Stage One during 2012, with this month's event heralding the completion of the entire project which includes three separate buildings. Following on from Stage One's Boiler Shop Building &amp; Hammermill Apartments, and Stage Two's 5 Tonne Apartments &amp; Iron Works Building, Palmer Street was completed earlier this year.

Palmer Street includes 22 one bedroom, 23 two bedroom and 10 three bedroom apartments in a highly articulated building designed to be the precinct's most luxurious offering.

<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_0.jpg" rel="gallery-all" title="Differing aspects of the now completed Jaques development"><img alt="" class="image-article-full-width-580px" height="436" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image44_0.jpg?itok=YsEAxaGb" title="Differing aspects of the now completed Jaques development" width="580"></a>

<figcaption>Differing aspects of the now completed Jaques development</figcaption></figure>Architect Karl Fender of Fender Katsalidis was on hand to walk Apartments.com.au through the completed project, paying much attention to the project's street-level interface along the way.

Upon taking on the project, Fender Katsalidis effectively scrapped the existing development scheme which Karl Fender described as being highly unsympathetic to the surrounding low-rise street character. Under the new design, Stage One saw the retention of the existing brick facade which was worked into the development, with higher levels set well back.

The scaled brick theme continues across Stage Two's lower levels, with Stage Three/Palmer Street a nod to modern design. Copper panels, white polished pre-cast framing, metal features and copper framing provide the building with a modern character.

Dyer Street is a cross-site link that includes the retail tenancies at ground level. Set on a skewed axis, it's expected that Dyer Street will link up with a new pedestrian link to be created on the opposite vacant site that will soon be home to the new <a href="http://www.schoolbuildings.vic.gov.au/Pages/Schools/Richmond-High-School.aspx">Richmond High School and community-based Multi-Purpose Facility</a>.

On the corner of Palmer and Dyer streets the original main visitors entry from the original industrial building has been retained, with viewable displays charting the site’s history and paying tribute to Richmond icon Jack Dyer.

<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/image43_5.jpg" rel="gallery-all" title="Jaques Stage 1. Image:supplied"><img alt="" class="image-article-full-width-580px" height="352" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image43_5.jpg?itok=-ydSGr8L" title="Jaques Stage 1. Image:supplied" width="580"></a>

<figcaption>Jaques Stage 1. Image:supplied</figcaption></figure>Jaques Richmond was the initial project between architect and developer, and has since spawned further projects.

<a href="http://riverlee.com.au/projects/108-flinders-street">108 Flinders Street</a> was completed during 2014 and features a Tract Landscape Architects-designed internal courtyard and 190 apartments. The <a href="/developments/docklands-vic-3008">Northbank Goods Shed</a> is next on the duo's agenda, with Fender Katsalidis preparing plans for a mixed-use tower containing apartments and hotel suites.
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silvermb

Karl Fender provides insight as Jaques Richmond reaches completion

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Martin Pirc, the owner of Punch Lane wine bar, one of Melbourne Laneway gems, has listed his Richmond warehouse-conversion.
The <a href="https://www.realestate.com.au/property-house-vic-richmond-124672486" target="_blank">Glasshouse Street home</a> tucked at the end of a cul-de-sac has four bedrooms, two bathrooms and a north-facing garden oasis.
Warehouse origins such as giant sliding walls, vaulted ceilings and polished concrete floors have been re-invented.
There's also a mezzanine teen retreat and a top-floor master suite with bathroom, walk-in wardrobe and a balcony with district views.
The home goes to auction March 5 through Rebecca Edwards at Kay &amp; Burton Hawthorn.
Pirc paid $1,125,000 in 2008.
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jchancellor-FAypfDUnLy

Richmond warehouse conversion listed by Punch Lane owner

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The latest research from Richmond Cityscope shows property sales have decreased in the past three months, according to CoreLogic’s market report.
Sales recorded in the quarter ending November 2016 totalled $57.2 million.
This is a decrease from the $96.5 million recorded in the three months to August 2016 but an increase from the $47.6 million recorded to May 2016.
This data brings the 12-month total to $234.3 million, an increase from the $203.7 million recorded for the same time last year.
The data for this update of Richmond includes sales from the past two years in the additional 17 maps that have been added to the coverage area.
The table below shows sales recorded for the past eight updates of Richmond Cityscope.
<a href="/images/2016/11/30/Richmond-1.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/30/Richmond-1.jpeg" alt="">
Notable sales in the November 2016 update of Richmond Cityscope include:
<ul>
<li>630 Church Street, Richmond, a five-storey office building including a 2-level basement car park for 78 cars. Total building area is 3,184 sqm comprising 1,010 sqm of showroom space and 2,174 sqm of office space, was sold for $23.5 million;</li>
<li>1-9 Gordon Street, Cremorne, a single-storey commercial building with a site area of 852 sqm parcel, was sold for $4.55 million; and</li>
<li>107 Palmer Street, Richmond, a two-storey industrial/commercial building with a building area of 1,309 sqm, was sold for $4.06 million.</li>
</ul>
<a href="/images/2016/11/30/Richmond-2.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/30/Richmond-2.jpeg" alt="">
Properties listed as for sale in the November 2016 of Richmond Cityscope include:
<ul>
<li>196-198 Bridge Road, Richmond, a 2-storey retail brick building with a single-storey section to the rear situated on a 260 sqm block, is for sale by negotiation through TCI Property Consultants;</li>
<li>133 Green Street, Cremorne, a vacant land of 131 sqm with a development approval for the construction of a three level office building, is for sale through Morley Commercial; and</li>
<li>Lot 9 of Skipping Girl Place at 651-653 Victoria Street, Abbotsford, a commercial unit located on level one, is for sale through Gross Waddell.</li>
</ul>
Significant leasing opportunities in Richmond in November 2016:
<ul>
<li>Abbotsford Office Park at 675 Victoria Street, Abbotsford, a four-storey office building with car parking for 110 vehicles, which has 400 – 1,800 sqm of office space for lease through Colliers International;</li>
<li>43 Elizabeth Street, North Richmond, an eight-storey office building with 346 undercover parking spaces, which has 1,871 sqm of office space for lease through Colliers International;</li>
<li>74 Wellington Parade, East Melbourne, a two-storey building, which has 80 sqm of retail space for lease through Teska Carson Richmond; and</li>
<li>543 Bridge Road, Richmond, a six-storey retail and office building, comprising office space on the upper levels, 900 sqm retail space on the ground level and two basement car parking for 91 cars, which has 550 – 785 sqm on level 4 for lease through Colliers International (Clayton).</li>
</ul>
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j.ballantyne1990-6AQqhLzZaK

Richmond commercial property market turnover declines: CoreLogic

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Chinese mega developer Poly has bought a development site on Richmond Hill in Melbourne's inner east.
It will develop a luxury townhouse project after the $16 million acquisition.
Poly Real Estate, a Shanghai-listed subsidiary of the $120 billion China Poly Group, is one of China's biggest developers and conglomerates.
The 2047-square metre site is at 150-152 Bridge Road and 1-3 Allowah Terrace.
It was marketed with a townhouse scheme of 41 dwellings.
The Richmond Hill site sold in September last year for $11 million then back on the market prior to settlement.
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Poly buys Richmond Hill townhouse development site

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Over the year to June 2016, sales activity across the Richmond – Tweed region rose by 2.5 percent, bringing current activity almost 20 percent above the five year average for the region, according to CoreLogic's regional market report.
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<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.24.39%20AM.png" alt="">
Since 2014, the number of residential homes selling across the region has been trending upwards, yet still hasn’t reached the same levels that were seen back in 2002, when over the 12 months ending May 8,398 homes sold.
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<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.24.46%20AM.png" alt="">
Home values across the region have also risen over the past year, up 8.4 per cent for both houses and units to $482,674 and $367,571 respectively.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.24.54%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.24.54%20AM.png" alt="">
Across the rental market, rental rates for both houses (+4.8 per cent) and units (+5.6 per cent) have also risen over the year, however not at the same rate as home values, thus rental yields have fallen slightly.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.25.08%20AM.png">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.25.08%20AM.png" alt="">
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Rental yields falls slightly in Richmond-Tweed area: CoreLogic

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It's not often you return from an overseas trip to be greeted with a letter from City of Yarra pertaining to a Planning Application for a significant development down the street.

Planners <a href="https://urbis.com.au/">Urbis</a> on behalf of <a href="http://www.bamfa.com.au/">Bamfa Properties</a> has submitted a combined planning permit application and planning scheme amendment to pave the way forward for a significant mixed-use scheme. A 12-storey and 10-storey building with associated 3-storey podia at 462-482 Swan Street is proposed adjacent to Burnley Station on an approximately 4,658sqm site.

The <a href="http://elenbergfraser.com/">Elenberg Fraser</a> designed scheme replaces five Edwardian cottages and a series of light industrial buildings.

<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/site_plan_0.jpg" rel="gallery-all" title="Site Plan. Image courtesy Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="273" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/site_plan_0.jpg?itok=bCD0BOSx" title="Site Plan. Image courtesy Elenberg Fraser" width="580"></a>

<figcaption>Site Plan. Image courtesy Elenberg Fraser</figcaption></figure>Overall the site has a 80 metre frontage to Swan Street/Burnley Station and a 57 metre frontage along the Burnley Street service road. The site is currently zoned as Commercial 2 with the amendment seeking a change of use to Commercial 1, befitting the site's role as a gateway to Burnley Station and the Burnley Station Village.

A change in use to Commercial 1 would also help to facilitate a complementary mix of commercial, entertainment, community and residential uses which encourage activity and supports improvements of the public realm.

The applicants argue that the nature of the site, being on a prominent corner adjacent to two key transport corridors lends itself to the building which is argued is in keeping with recommendations of the Swan Street Structure Plan (March 2012).

<blockquote>
The Swan Street Structure Plan envisages this site to be the gateway of the Burnley Precinct and an appropriate located for a mixed use high density development.
<cite>Urbis Planning Report</cite>
</blockquote>

The design employs strong curvilinear forms to both podium and L-shaped tower elements, with bronze glazing and planter boxes a feature of the development's primary facades. These combined with vertical timber shading screens provide the building with warmth.

At street level clear gazing allows for visual connection from street to retail tenancies within, while silver glazing provides a counterpoint and contrasting feature to rear facades.

A supermarket with frontage to Swan Street is most prominent, with three smaller tenancies rounding out the retail mix.

Apartment typologies within 462-482 Swan Street range from 96 x 1 bedroom apartments of 45-49sqm; 20 x 1 bedroom+ apartments of 50-59sqm and 127 x 2 bedroom+ apartments of 60-79sqm.

<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/ground_floor.jpg" rel="gallery-all" title="Ground level retail plan. Image courtesy Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="346" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/ground_floor.jpg?itok=O6e2bAmF" title="Ground level retail plan. Image courtesy Elenberg Fraser" width="580"></a>

<figcaption>Ground level retail plan. Image courtesy Elenberg Fraser</figcaption></figure>Car and bicycle parking is limited to lower basement up to level 02 with a wrap of active use (residential or commercial) to the two primary facades of the podium. A shared rooftop garden sits atop level 3 of the podium providing all apartments with some degree of outlook, either to the street or internal rooftop garden area.

<h2>462-482 Swan Street application summary</h2>

<ul>
<li>8-10 storey east tower and 10-12 storey west tower</li>
	<li>Maximum height of 40.95 metres</li>
	<li>243 apartments</li>
	<li>3-storey podia</li>
	<li>3,175sqm supermarket at ground level</li>
	<li>Smaller retail tenancies of between 71-84sqm, totalling 227sqm</li>
	<li>Three office tenancies to first floor, 60-250sqm in size</li>
	<li>366sqm gymnasium and 348sqm swimming pool</li>
	<li>445 carparking spaces and 339 bicycle spaces</li>
	<li>Eight bike spaces to Swan Street (four bike share) and eight bike spaces to Burnley Street</li>
	<li>New pedestrian plaza created along Bumley Street and streetscape improvements (including widening) to Swan Street.</li>
</ul>
<h2>Comment</h2>

As a resident who lives within 200 metres of the proposed development, I support the aspirations of the development. The project presents an opportunity to create a cohesive and coherent streetscape which at present is compromised by the light industrial properties along both Swan and Burnley Streets.

Additionally the development has the potential to act as a catalyst for further streetscape improvements and development to Swan Street west of Burnley Street.

<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/street_level.jpg" rel="gallery-all" title="Street level activation to Swan Street and Burnley Street respectively. Image courtesy Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="173" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/street_level.jpg?itok=D44y4369" title="Street level activation to Swan Street and Burnley Street respectively. Image courtesy Elenberg Fraser" width="580"></a>

<figcaption>Street level activation to Swan Street and Burnley Street respectively. Image courtesy Elenberg Fraser</figcaption></figure>In terms of heritage sensitivities, no overlay applies to any of the existing structures which comprise the development site, and the overall benefits to both the passengers accessing Burnley Station and surrounding residents via provision of a supermarket and retail activation to Burnley far outweigh the loss of the Edwardian dwellings.

The site is well serviced both via Burnley Station and the number 75 tram which operates along Swan Street. Further, the eight bicycle spaces proposed to both Burnley and Swan Street - four of which are bike share - reinforce Swan Street as a critical cycling route as well as the site's connectivity to the Yarra City Trail.

<h2>462-482 Swan Street development team</h2>

<ul>
<li>Developer: Bamfa Properties</li>
	<li>Architect: Elenberg Fraser</li>
	<li>Planner: Urbis</li>
	<li>Traffic: GTA Consultants</li>
	<li>Waste Management: Leigh Design</li>
	<li>ESD: Sustainability</li>
	<li>Landscape Concept: ERM</li>
	<li>Wind: Vicpac Engineers &amp; Scientists</li>
	<li>Acoustics: Acoustic Logic</li>
</ul>
 
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Laurence Dragomir

Swan Street sizes up: 462-482 Swan Street, Richmond

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Richmond was the busiest suburb for Melbourne auctions with 14 offerings.
Weekend celebrity sales included the legendary Collingwood full forward Peter McKenna who secured $1.42 million for his Richmond home.
It was a single fronted Edwardian cottage was bought at 1998 auction for $306,750.
The median price for a home in Richmond is $1,101,000 according to CoreLogic RP Data.
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Peter McKenna sells at $1.42 million in Richmond

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Weekend auction sales included a 410 sqm Richmond warehouse style development site at $2 million.
The former 1910 stables were offloaded by a syndicate that included Essendon captain Brendon Goddard, creative designer Jayden Zernich and Jennifer Brookes.
The <a href="https://www.realestate.com.au/property-house-vic-richmond-122240194" target="_blank">19-21 Farmer Street</a> premises (above) dated back to the days of John Wren's Richmond trotting racecourse which operated until the mid-1930s.
Goddard and his co-owners secured planning approval for two three bedroom townhouses after they bought the investment property in April 2014 for $1.36 million. 
But the Western Bulldogs chief operating officer Michael Quinn couldn't sell his Fitzroy terrace, with the three bedroom home passed in on a $2.2 million vendor bid.
Vader House at 258 Napier St was transformed by award-winning architect Andrew Maynard about five years ago having been bought in 2005 at $618,000.
It is now <a href="https://www.realestate.com.au/property-house-vic-fitzroy-122179150" target="_blank">listed for $2.5 million</a>. 
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Brendon Goddard sells Richmond townhouse site

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Once a stronghold for various industries, <a href="/new-apartments/richmond-vic-3121">Richmond</a> continues to evolve as a highly sought-after inner city apartment hub. While areas north and west of the Victoria Gardens Shopping Centre have seen intense levels of apartment development, the tract of land directly south of Victoria Gardens and east of Burnley Street is now set to continue the trend.

Doonside Precinct has risen to prominence with a string of apartment developments poised to make their mark.

In recent times the initial planning to-ing and fro-ing in order to realise the Doonside precinct have been in full swing. Noteworthy is a recent report delivered by <a href="/developers/urbis">Urbis</a> arguing that proposed amendment to the Yarra Planning Scheme seeking to apply a Heritage Overlay to parts of Doonside Precinct <a href="http://www.yarracity.vic.gov.au/DownloadDocument.ashx?DocumentID=13738">would not provide a net benefit to the community</a>.

Regardless a handful of apartment developments are emerging, creating the first wave projects which will seek to call Doonside home.

<h2>Supply Co.</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/image27_0.jpg" rel="gallery-all" title="Supply Co. Image courtesy Forza Capital"><img alt="" class="image-article-full-width-580px" height="350" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image27_0.jpg?itok=G5rs5tMD" title="Supply Co. Image courtesy Forza Capital" width="580"></a>

<figcaption>Supply Co. Image courtesy Forza Capital</figcaption></figure>First out of the gates is <a href="/developers/forza-capital">Forza Capital's Supply Co</a>. which references the site's former use. At sales is a Peddle Thorp-designed 11 level apartment building with 140 apartments included.

The site's history has not been lost upon the design team with the exterior maintaining a facade of concrete, glass and mesh privacy screens. The industrial-inspired exterior is balanced out by interiors which have been described as "Sleek, sophisticated and stylishly functional, with the warm, light tones that contrast with bright metal and natural wood."

<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/img_0117_0.jpg" rel="gallery-all" title="A piece of history retained and integrated "><img alt="" class="image-article-full-width-580px" height="360" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_0117_0.jpg?itok=L8oYCQai" title="A piece of history retained and integrated " width="580"></a>

<figcaption>A piece of history retained and integrated</figcaption></figure>At ground level a cafe has been incorporated, as will be the existing facade which will frame the active space.

<h2>Burnley Terrace</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/image25_4.jpg" rel="gallery-all" title="Cera Stribley's take on a new Richmond landmark"><img alt="" class="image-article-full-width-580px" height="428" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image25_4.jpg?itok=MWKfstHC" title="Cera Stribley's take on a new Richmond landmark" width="580"></a>

<figcaption>Cera Stribley's take on a new Richmond landmark</figcaption></figure>Architecture firm <a href="/architects/cera-stribley-architects">Cera Stribley</a> recently took the wraps off <a href="http://cerastribley.com/burnleyterrace">a concept design</a> for a land parcel abutting Victoria Gardens. Selling agents for the adjoining 77 Burnley Street site have noted Salta Properties as the developer behind Burnley Terrace which is addressed 53-65 Burnley Street.

Producing a concept outlining what could be possible for the sizeable development site, the resultant 20 level tower could carry as many as 411 apartments with 488 basement car parks and 5,870sqm of retail included.

<blockquote>
The Burnley Terrace development presents a unique architectural opportunity as various constraints on the site such as its irregularity in shape and planning form controls encourage a bespoke and distinctive design outcome.

As the proposal gets higher, there is a requirement to set the building back to overcome overshadowing controls. The proposal celebrates the concept of ‘terracing’ by defining each layer with contrasting materiality.

The architecture is generally sympathetic to the area and the scale and building forms located to the main street interfaces are comparative to other surrounding buildings. Taller buildings are located to the middle to rear of the immediate precinct where they minimize the amenity impacts to the area.
<cite>Cera Stribley</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/image26_1.jpg" rel="gallery-all" title="Block forming a possible outcome. Image courtesy Cera Stribley"><img alt="" class="image-article-full-width-580px" height="351" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image26_1.jpg?itok=w_K_J8gY" title="Block forming a possible outcome. Image courtesy Cera Stribley" width="580"></a>

<figcaption>Block forming a possible outcome. Image courtesy Cera Stribley</figcaption></figure><h2>Upcoming projects</h2>

An all but completed display suite has appeared at 1-9 Doonside Street, most likely for the pending release of 36-44 Doonside Street.

With planning approval given during 2012, the development is shaping as the next apartment release within the budding precinct. In its initial guise the multi-building development catered for in excess of 200 dwellings and held multiple retail spaces within the Rothelowman-designed scheme.

Given the lengthy time between approval and what is shaping as a likely sales launch in the near term, the project may have changed in its appearance.

<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/image32_1.jpg" rel="gallery-all" title="Initial designs for 36-44 Doonside Street and 77 Burnley Street"><img alt="" class="image-article-full-width-580px" height="253" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image32_1.jpg?itok=KzILdSXN" title="Initial designs for 36-44 Doonside Street and 77 Burnley Street" width="580"></a>

<figcaption>Initial designs for 36-44 Doonside Street and 77 Burnley Street</figcaption></figure>Changing in a different fashion is 77 Burnley Street which until recently was in the hands of St Kilda Road-based developer Pirovich. With its planning application review withdrawn during late January, the site has recently been moved on with TCI Property handling the sale.

Designed by SJB Architects, the ten level building would have featured 63 apartments split between 48 single and 15 dual bedroom dwellings. Using the neighbouring Burnley Terrace development as a template, the new proprietors may seek to add additional levels to any future planning application for their newly acquired development site.

Also waiting in the wings is Salta Properties' 25-35 River Boulevard which has the ability to deliver near on 500 new dwellings.

Factoring in the abundance of large low-rise sites both within and surrounding Doonside Precinct, the area looks capable of churning out apartment projects for many years to come.
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Richmond's Doonside Precinct emerges as a new apartment hub

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A mixed-use development site at Cremorne (Richmond) in Melbourne’s inner eastern suburbs is up for auction on February 19.
It is expected to fetch more than $2 million.
Located at <a href="https://www.commercialrealestate.com.au/property/24-26-cubitt-street-richmond-vic-3121-2012536208" target="_blank">24-26 Cubitt Street</a>, the 365 square metre site will be sold with a planning permit for the development of a five-level building comprising a commercial office space and two apartments.
Cremorne is in the south-western corner of Richmond and adjacent to Melbourne’s premier sporting facilities and parklands, including the Rod Laver Arena, the MCG and the Royal Botanic Gardens, and abuts the Monash Freeway and the Yarra River.
According to marketing agent, Teska Carsons’ Matthew Feld, the property is ideally suited to the permitted development given its location and the success of similar projects within the vicinity.
“This is a well located site so close to every possible amenity in one of Melbourne’s most vibrant inner suburbs and within easy commuting distance to the CBD,” said Feld.
The site is zoned Commercial 2 under the City of Yarra Planning Scheme. The property will be sold with vacant possession.
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