Tim Gurner has acquired yet another Melbourne site, at 334 City Road in Southbank. Acquisition of the 1,652 sqm site will add $250 million to the developer’s $7 billion pipeline.
The Southbank project, on the site of a former backpacker’s hostel, will feature 400 1, 2 and 3 bedroom apartments set across 40 storeys, with a gym, retail tenancies and a rooftop bar.
The tower will be designed by Warren and Mahoney, and will include GURNER hallmarks such as a health and wellness precinct, two-storey gym, a communal dining, cinema and entertainment precinct as well as a dog wash and dog run and rooftop facilities.
Warren and Mahoney principal Nick Deans said the building will establish a new level of luxury living in Southbank.
“With its defined crown structure atop of the building, the tower is a symbolic piece of architecture that will be highly visible on the skyline of Southbank and contribute to Melbourne’s broader city-scape. And those living there will enjoy uninterrupted views of the CBD and back to Port Phillip Bay.”
Tim Gurner said the company’s long-term vision to include unique wellness and concierge services to its developments will be realised in this project.
“We are increasingly building a portfolio of larger mixed-use projects where we can incorporate our wellness and concierge services as a longer-term play, and this project perfectly fits that model.
Southbank is going through a renaissance of sorts… it allows us to do something special that will add flavour to the area while bringing our signature luxury approach to residential living,” Gurner said.
The mixed-use project will slot perfectly into GURNER’s portfolio of landmark mixed-use developments, as the famed developer looks to broaden his stable of properties across the build-to-sell, build-to-rent, hospitality, wellness and lifestyle sectors.
GURNER recently announced plans for a $1.25 billion resort development on the Gold Coast.
“We have been planning and preparing for this very deliberate growth period methodically over the past 36 months and the business has never been in a better position to support this acquisition phase.
We are now looking to deliver approximately 10 projects per annum across our boutique, mixed-use and multi-tower divisions,” Gurner said.
GURNER is also moving ahead with a luxury residential and hotel club concept in Prahran named Club Maison, a $40 million development.
Icon, Multiplex, Probuild, Crema and Hickory are among the builders likely to compete for the build.
Multiplex has previously worked with GURNER™️, delivering the first two towers of the FV apartment precinct in Brisbane’s Fortitude Valley.
Icon’s previous work with GURNER™️ includes construction of the final stage of FV.
Crema have been appointed to build another luxurious GURNER™️ project in St Kilda, Saint Moritz
Probuild is also well-primed to take on a mixed-use project of such scale. The Tier 1 builder recently completed Stage 1 of the Malt District precinct in Cremorne and is constructing 1000 La Trobe with Poly valued at $500 million.
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