As Melbourne’s busiest station outside the CBD, there is no shortage of demand when it comes to South Yarra developments. From residential to office space, and redevelopment of the iconic Jam Factory; South Yarra continues to be one of the most desirable postcodes in Melbourne.
With over 30 projects currently in the pipeline, we take a look at some of South Yarra’s most high-profile construction projects in the works.
A short walk from the nearby train station, Claremont Street is a hotspot for construction in South Yarra.
Yarra One, a joint project between EcoWorld International and Fender Katsalidis, is currently taking shape at 16-22 Claremont Street. With construction by Hickory commencing in July 2018, the project will offer 256 apartments along with three levels of co-working space. In a first for Victoria, residents will also have access to Tesla vehicles under a car-sharing model.
The 21-storey 4248 development has garnered attention for its unique spinal design. Each floor of the building resembles a ‘rib’ from the exterior view, bending together to represent the curves in a spinal column. Hamilton Marino are builders for the project, also working on New Charsfield on St Kilda Road.
The quirky design will house approximately 140 apartments, in a distinctly modern building which overlooks the Melbourne Hockey Fields.
Construction on Capitol Grand is well underway, with its LK Tower set to be Melbourne’s tallest building outside the CBD at 50 storeys. Consisting of over 400 apartments across two towers, this $800 million luxury development features five penthouse suites which will take up an entire floor each. The Capitol Grand is over 85% sold and due for completion later this year, currently under construction by Multiplex. A round up of Multiplex’s other Melbourne projects can be found here.
Earlier this year, we announced the approval granted to Goldfields for their office tower development at 627 Chapel.
Designed by Sydney architects COX, the project has a construction budget of $90 million and will be worth more than three times that value upon completion.
Approved by Stonnington Council early last year, the redevelopment of 500 Chapel Street – more commonly known as The Jam Factory – will involve a near-demolition of the 160-year-old site.
The development is set to revitalise the precinct, with new office and retail space along with a 2300-seat cinema. A commencement date has not been set for the project, but it promises to create thousands of jobs both during and post-construction.
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