<ul><li>Park fronting homes</li><li>Protected city views</li><li>Established heritage-protected area</li><li>Boutique and curated designs</li><li>Refined interior finishes</li><li>Bespoke schemes</li><li>On the doorstep of buzzing retail precincts</li><li>Well-considered and spacious layouts</li><li>Average of 7.5 stars NatHERS energy rating</li><li>Communal and private rooftop facilities</li></ul>A rare opportunity to reside in the heart of heritage filled Richmond Hill Introducing Park House Richmond Hill - where exceptional lifestyle, unparalleled amenity, and inspired design meet. A premium collection of generously proportioned, two, three, and four-bedroom residences in one of the inner-city’s most vibrant and desirable pockets. Designed by Melbourne architecture and interior design studio Cera Stribley, Park House Richmond Hill honours the timeless grandeur of Richmond’s Victorian-era architecture – taking inspiration from the fine linear grain and curved detail of the area’s heritage facades to present a sophisticated and thoughtful new model for urban living. Taking in an elevated corner position with a large northern frontage, the building will be an iconic statement to Richmond Hill’s grand past and modern, vibrant future. The building’s direct frontage to the tranquil, tree-lined Ben Alexander Reserve provides residents with their very own backyard – mere feet away. Hidden away from the street and surrounded by greenery and heritage buildings, this atmospheric park creates opportunities to connect with nature and community, providing a true sense of place. Offering breathtaking 360-degree park and city skyline views, Park House Richmond Hill is a truly premium offering that provides residents with moments of inspiration.

<ul><li>Park fronting homes</li><li>Protected city views</li><li>Established heritage-protected area</li><li>Boutique and curated designs</li><li>Refined interior finishes</li><li>Bespoke schemes</li><li>On the doorstep of buzzing retail precincts</li><li>Well-considered and spacious layouts</li><li>Average of 7.5 stars NatHERS energy rating</li><li>Communal and private rooftop facilities</li></ul>A rare opportunity to reside in the heart of heritage filled Richmond Hill Introducing Park House Richmond Hill - where exceptional lifestyle, unparalleled amenity, and inspired design meet. A premium collection of generously proportioned, two, three, and four-bedroom residences in one of the inner-city’s most vibrant and desirable pockets. Designed by Melbourne architecture and interior design studio Cera Stribley, Park House Richmond Hill honours the timeless grandeur of Richmond’s Victorian-era architecture – taking inspiration from the fine linear grain and curved detail of the area’s heritage facades to present a sophisticated and thoughtful new model for urban living. Taking in an elevated corner position with a large northern frontage, the building will be an iconic statement to Richmond Hill’s grand past and modern, vibrant future. The building’s direct frontage to the tranquil, tree-lined Ben Alexander Reserve provides residents with their very own backyard – mere feet away. Hidden away from the street and surrounded by greenery and heritage buildings, this atmospheric park creates opportunities to connect with nature and community, providing a true sense of place. Offering breathtaking 360-degree park and city skyline views, Park House Richmond Hill is a truly premium offering that provides residents with moments of inspiration.

Park House Richmond Hill offers a distinguished array of homes situated in the coveted Richmond Hill locale. These residences boast premier amenities and innovative design, featuring unobstructed views of the city skyline and direct access to Ben Alexander Reserve.

Crafted by Melbourne's renowned Cera Stribley, Park House Richmond Hill seamlessly blends modern living with the area's Victorian architectural heritage. The building, with its elevated corner position and spacious frontage, offers a selection of two, three, and four-bedroom residences to accommodate various lifestyles.

Each residence is flooded with natural light, complemented by premium finishes such as Miele appliances, stone benchtops, and oak flooring. Residents can enjoy exclusive access to Ben Alexander Reserve, offering a serene retreat amidst greenery and heritage structures.

With panoramic views of the park and city skyline, Park House Richmond Hill presents an exceptional living experience in one of Melbourne's most sought-after locations.

Park House Richmond Hill - 268-270 Church Street, Richmond

<ul>
	<li>The building at 44 Smith Street is proposed to be demolished, with the existing buildings at 40 and 42 Smith Street to be retained.&nbsp;</li>
	<li>A 9-storey mixed-use residential building is proposed to be constructed, comprising 17 apartments and 2 shops.&nbsp;</li>
	<li>The lower level will contain 2 apartments with 1 bedroom each, while the ground level will have 2 shops with mezzanine levels each, as well as the upper levels of apartments 1 &amp; 2 containing 2 bedrooms.&nbsp;</li>
	<li>Level 1 will have 3-bedroom apartments and Level 7 will also have 3-bedroom apartments. In between these two floors there are 4 levels that all contain only one apartment type which has 3 bedrooms. &nbsp;</li>
</ul>

<ul><li>The building at 44 Smith Street is proposed to be demolished, with the existing buildings at 40 and 42 Smith Street to be retained. </li>
	<li>A 9-storey mixed-use residential building is proposed to be constructed, comprising 17 apartments and 2 shops. </li>
	<li>The lower level will contain 2 apartments with 1 bedroom each, while the ground level will have 2 shops with mezzanine levels each, as well as the upper levels of apartments 1 &amp; 2 containing 2 bedrooms. </li>
	<li>Level 1 will have 3-bedroom apartments and Level 7 will also have 3-bedroom apartments. In between these two floors there are 4 levels that all contain only one apartment type which has 3 bedrooms.  </li>
</ul>

40-44 Smith Street, Collingwood

<ul>
	<li>Sustainability and care for residents is at the forefront of this development.</li>
	<li>Close proximity to parklands, major transport, retail, dining, commercial and education precincts.</li>
	<li>Spacious homes with clever storage, interior design and light filled interiors.</li>
</ul>

Designed by acclaimed architects <a href="https://www.urban.com.au/architects/cera-stribley-architects">Cera Stribley</a>, MERRIPARK3070 rises across from the vast and lush parklands of Merri Creek in Melbourne&rsquo;s eclectic northern suburb of <a href="https://www.urban.com.au/new-townhouses/northcote-vic">Northcote</a>.

Comprising of 8 two, three or four bedroom townhouses across three floors, the development provides residents with ample amount of space and parkland views. Its striking red brickwork give the townhouses a contemporary yet classic and industrial facade whilst still conveying a sense of home.

Nestled in the heritage protected Sumner Estate, enjoy walking along the curved tree lined boulevards full with rich and timeless neighbourhood character on your way home. 
Cycle along the Merri Creek Trail from the city, straight to your doorstep in only 20 minutes. Indulge in the multicultural cuisines and eclectic bars and cafes that line High Street, only a moments walk from home.

Northcote is extremely connected, with an extensive tram line along St. Georges Road and the active Northcote and Merri Train Stations also within walking distance from your home. 
The suburb is known for its impressive live music scene and just a stroll down High Street on any given night will allow you to explore and vibe on Melbourne&rsquo;s local talent.

The exterior is wrapped with a facade that reflects its heritage surroundings and yet brings a modern twist to the community. The interiors are also quite spectacular and spacious in that they are designed to connect to nature 
through floor-to-ceiling windows that flood living spaces with light and courtyard balconies and private rooftops. Each home has an exclusive private rooftop that offers a tree-top oasis with protected views across parklands.

The interiors come with a choice of different aesthetics to personalise your home to you with a charcoal aesthetic paired with natural timber flooring or the timber aesthetic paired with concrete flooring, developers PACASA have recognised that its possible to offer two vastly different schemes which both convey the blend of heritage and sophistication.

The quality of the joinery and expansiveness of each home is shown through the impeccable amount of storage space and the ability of a curved concrete feature wall in the master bedroom, continuing the palette throughout.

From the library in the dining room and the luxurious master robes to the natural stone lounge room unit and fireplace, the combined effect leaves you resoundingly sure that these homes will be both utterly opulent and enviably welcoming. 
The intent of the bathroom, is to be a relaxation &lsquo;pod&rsquo;. The free-standing bathtub stationed above a glorious and private north-facing window is the perfect place to relax and unwind. 
 
The split level interiors are both architecturally striking and leave residents with a home that breathes with space. In the kitchen, statement pieces such as the Volker Haug light piece, suspended over the kitchen bench creates a personal and welcoming touch to every home.

As this is PACASA&rsquo;s first residential development, their carefully selected team have created a collaborative process with the utmost desirable outcome. Partnering with local business Good Vibes Yoga, they were able to bring a unique approach to health and wellness within each home to reach an end goal that would see the home designed and constructed in a way to make each resident healthier.

The wellness of air quality, water quality and innovative sustainable approaches with natural light uses, air quality control monitors that remove toxins from the home and fresh water.

&ldquo;By reducing chlorine in the water you shower in, it lessens the drying effects of a hot shower, leaving hair and skin feeling softer and smoother.&rdquo; 
 
6-star energy requirements are just a starting point for PACASA on MERRIPARK3070. 
As the new &lsquo;custodians&rsquo; overlooking Merri Park we felt it was important that these homes create a better environment.

&ldquo;A place brings peace when every intimate detail has been considered. An essential element of home as place is to ensure that beauty and function work hand in hand.&rdquo; Lucy Marczyk (CS-A Interiors Creative Director)

<ul><li>Sustainability and care for residents is at the forefront of this development.</li>
	<li>Close proximity to parklands, major transport, retail, dining, commercial and education precincts.</li>
	<li>Spacious homes with clever storage, interior design and light filled interiors.</li>
</ul>Designed by acclaimed architects <a href="https://www.urban.com.au/architects/cera-stribley-architects">Cera Stribley</a>, MERRIPARK3070 rises across from the vast and lush parklands of Merri Creek in Melbourne’s eclectic northern suburb of <a href="https://www.urban.com.au/new-townhouses/northcote-vic">Northcote</a>.

Comprising of 8 two, three or four bedroom townhouses across three floors, the development provides residents with ample amount of space and parkland views. Its striking red brickwork give the townhouses a contemporary yet classic and industrial facade whilst still conveying a sense of home.

Nestled in the heritage protected Sumner Estate, enjoy walking along the curved tree lined boulevards full with rich and timeless neighbourhood character on your way home. 
Cycle along the Merri Creek Trail from the city, straight to your doorstep in only 20 minutes. Indulge in the multicultural cuisines and eclectic bars and cafes that line High Street, only a moments walk from home.

Northcote is extremely connected, with an extensive tram line along St. Georges Road and the active Northcote and Merri Train Stations also within walking distance from your home. 
The suburb is known for its impressive live music scene and just a stroll down High Street on any given night will allow you to explore and vibe on Melbourne’s local talent.

The exterior is wrapped with a facade that reflects its heritage surroundings and yet brings a modern twist to the community. The interiors are also quite spectacular and spacious in that they are designed to connect to nature 
through floor-to-ceiling windows that flood living spaces with light and courtyard balconies and private rooftops. Each home has an exclusive private rooftop that offers a tree-top oasis with protected views across parklands.

The interiors come with a choice of different aesthetics to personalise your home to you with a charcoal aesthetic paired with natural timber flooring or the timber aesthetic paired with concrete flooring, developers PACASA have recognised that its possible to offer two vastly different schemes which both convey the blend of heritage and sophistication.

The quality of the joinery and expansiveness of each home is shown through the impeccable amount of storage space and the ability of a curved concrete feature wall in the master bedroom, continuing the palette throughout.

From the library in the dining room and the luxurious master robes to the natural stone lounge room unit and fireplace, the combined effect leaves you resoundingly sure that these homes will be both utterly opulent and enviably welcoming. 
The intent of the bathroom, is to be a relaxation ‘pod’. The free-standing bathtub stationed above a glorious and private north-facing window is the perfect place to relax and unwind. 
The split level interiors are both architecturally striking and leave residents with a home that breathes with space. In the kitchen, statement pieces such as the Volker Haug light piece, suspended over the kitchen bench creates a personal and welcoming touch to every home.

As this is PACASA’s first residential development, their carefully selected team have created a collaborative process with the utmost desirable outcome. Partnering with local business Good Vibes Yoga, they were able to bring a unique approach to health and wellness within each home to reach an end goal that would see the home designed and constructed in a way to make each resident healthier.

The wellness of air quality, water quality and innovative sustainable approaches with natural light uses, air quality control monitors that remove toxins from the home and fresh water.

“By reducing chlorine in the water you shower in, it lessens the drying effects of a hot shower, leaving hair and skin feeling softer and smoother.” 
6-star energy requirements are just a starting point for PACASA on MERRIPARK3070. 
As the new ‘custodians’ overlooking Merri Park we felt it was important that these homes create a better environment.

“A place brings peace when every intimate detail has been considered. An essential element of home as place is to ensure that beauty and function work hand in hand.” Lucy Marczyk (CS-A Interiors Creative Director)

MERRIPARK3070 - 7/2C Sumner Avenue, Northcote

Embark on an exclusive journey through Richmond's vibrant landscape with Stefano Paciocco from PACASA, as he unveils the captivating story behind the iconic Park House development. Nestled atop Richmond Hill, Park House emerges as a beacon of luxury living, meticulously crafted to exceed the expectations of the discerning buyer.

&lt;p&gt;&lt;iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/YlbPDCBxCWU?si=T0hyFneobTrwt5Ji" title="YouTube video player" width="660"&gt;&lt;/iframe&gt;&lt;/p&gt;

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Richmond, often hailed as the quintessential link between North and South, beckons with its rich tapestry of culture and connectivity. Against this dynamic backdrop, PACASA identified a unique opportunity to redefine luxury living in the heart of Richmond. Park House, a culmination of vision and innovation, embodies the essence of contemporary elegance fused with timeless allure.

Discover the allure of , where every detail is thoughtfully curated to evoke a sense of urban sophistication. From its coveted location overlooking a picturesque pocket park to its unrivalled city views, Park House promises a lifestyle of unparalleled indulgence.

[smartcode_project:default project_id=110363 project_image_fid=213014]

Join Stefano Paciocco as he delves into the intricacies of Park House's design philosophy, where luxury meets functionality. Witness the evolution of buyer preferences as Stefano sheds light on the bespoke customization options embraced by Park House residents. From expansive living spaces to meticulously crafted interiors, Park House redefines the art of modern living.

Gain invaluable insights into PACASA's collaborative approach, where esteemed architects such as Cera Stribley and Freadman White converge to shape architectural masterpieces that transcend convention. Explore the symbiotic relationship between developer, architect, and builder as Stefano unveils the future of urban renewal.

[smartcode_project:default project_id=110363 project_image_fid=213026]

Experience the epitome of luxury living with Park House by PACASA. Elevate your lifestyle amidst Richmond's vibrant tapestry of culture and connectivity. Discover a sanctuary where luxury knows no bounds, and every moment is an expression of refined elegance. Welcome to Park House, where luxury meets legacy.

Unlock the door to your dream home today. Experience Park House by PACASA and redefine your notion of urban living.

Key Highlights:

<ul>
	<li>Unveiling Park House: A Journey of Luxury Living in Richmond</li>
	<li>Insights from Stefano Paciocco: The Visionary Behind Park House</li>
	<li>The Evolution of Urban Living: Customization and Design Trends</li>
	<li>Collaborative Excellence: Architectural Marvels by Cera Stribley and Freadman White</li>
	<li>Embrace Luxury Living: Park House by PACASA Awaits</li>
</ul>

Experience the epitome of luxury living with Park House by PACASA. Elevate your lifestyle amidst Richmond's vibrant tapestry of culture and connectivity. Discover a sanctuary where luxury knows no bounds, and every moment is an expression of refined elegance. Welcome to Park House, where luxury meets legacy.

[smartcode_project_cta:default project_id=110363]

[smartcode_project:default project_id=110363 project_image_fid=213016]

Discover the luxurious Park House by PACASA, as Stefano Paciocco shares insights into this prestigious Richmond development. Learn how PACASA collaborates with renowned architects like Cera Stribley and Freadman White to craft bespoke residences. Experience urban renewal at its finest with PACASA's commitment to excellence.

Michael Bird

Park House by PACASA: How Stefano Paciocco of PACASA is Redefining Richmond's Urban Landscape

Melbourne's unit market continued to see growth over July, however at a slightly slower pace than recorded in the two months prior.

CoreLogic's Monthly Hedonic Home Value Index found that&nbsp;value of <a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne units</a> grew by 0.4 per cent in July, following strong gains of one per cent in June and 0.9 per cent in May.

The July gains better the housing market for the second month in a row. House values grew by 0.3 per cent in July.

Unit values are now 2.2 per cent up over the rolling quarter, and 1.4 per cent year to date. The median value for units in <a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a> is now $602,000.

<h2>What's happening in the Melbourne off the plan apartment market?</h2>

The biggest news in July came from property advisory firm Charter Keck Cramer, who believe <a href="https://www.urban.com.au/news/vic/melbourne-off-the-plan-apartment-values-could-spike-25-per-cent-charter-keck-cramer">off the plan apartment prices could rise by as much as 25 per cent</a>.

"There are a number of fundamental reasons that support the thesis that off the plan apartment value rates across the entire apartment market in&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a>&nbsp;will simply have to recalibrate upwards over the next 12 months," Charter Keck Cramer's research report noted.

They cited booming immigration forecasts, a tight supply of apartments, and land and construction prices not likely to fall below pre-COVID levels.

<img alt="Melbourne off the plan apartment values could spike 25 per cent: Charter Keck Cramer" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2010.58.55%20am.png?VersionId=r6aa0O4FUpEfD_wEqQl078dOfISsfsHN" />

Pace Development Group Sales &amp; Marketing Director Ash Bramich says current sentiment has been largely influenced by buyers and developers too nervous to act, one by rising interest rates, and the other by feasibilities that just don’t stack up.

He adds however, for buyers with little&nbsp;to no borrowing required, the market has been fuelled by a shortage of stock, which has been reflected in many boutique projects in desirable suburbs selling very well, even at todays required square metre rates.

"Our lead generation for the yet to launch Fabricca in the always in demand <a href="https://www.urban.com.au/developments/fitzroy-vic">Fitzroy</a> has been overwhelming," Bramich says.

"Targeting downsizers, of whom the majority are locals, and those from the inner east who are selling their family homes between $3 million to $7 million are looking for curated projects by recognised developers."

Bramich says PACE are very bullish about the medium to longer term prospects of the market, so long as employment stays strong and immigration continues to flourish.

"As construction prices stabilise, experienced developers are re-entering the market, recognising that the supply and demand imbalance is too great to sit on the sidelines."

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/pace-take-advantage-of-demand-v-supply-in-2022-and-kick-off-construction-in-flemington-and-coburg">Pace take advantage of demand v supply in 2022 and kick off construction in Flemington and Coburg</a>

PACASA Director Stefano Paciocco says the much publicised lack of supply won't be fixed in the near term, because there's currently a mismatch between what developers can pay for land to make a project viable, and vendor’s expectations of what the land is worth.

"If the mismatch continues, there will be even less supply than there is currently,"&nbsp;Paciocco says.

It's the lack of supply of high-quality apartments, paired with a prime location and striking design, which has driven sales&nbsp;at PACASA's recently launched <a href="https://www.urban.com.au/developments/richmond-vic">Richmond project</a>, <a href="https://www.urban.com.au/new-apartments/park-house-richmond-hill-268-270-church-street-richmond">Park House</a>.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/locals-drive-sales-at-pacasas-recently-launched-richmond-apartment-development-park-house">Locals drive sales at PACASA's recently launched Richmond apartment development, Park House</a>

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"We’re seeing that those with a lot of equity in their homes, who have waited through the COVID period, are now eager to make their next purchase," Paciocco says.

"There’s a lack of availability of quality owner-occupier and downsizer stock across Melbourne’s inner-ring, which has driven sales at Park House.

"These buyers know there’s not a significant amount of new projects coming in the short-term because of the cost of both land and construction."

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Carpe Co-Founder and Director Tim Campbell says the market is running at two different paces.

"While we’re still actively doing sales across our projects, buyers are definitely a lot more discerning," Campbell says.

[smartcode_project:default project_id=135736 project_image_fid=208613]

"They’re asking a lot more questions over builders, finance, and construction timelines."

There doesn't seem to be an issue in prices being sought, Campbell said. The overarching decision factor is the confidence the development is going to go ahead.

Carpe take buyers through their recently completed Brighton townhouse project, which has been designed by the same architect and built by the same construction firm as their Kew project, The Walton, which is 50 per cent sold.

<a href="https://www.urban.com.au/news/vic/city-beat-july-2023-melbourne-units-outperform-houses-as-growth-soars">Read more: City Beat July 2023: Melbourne units outperform houses as growth soars</a>

The biggest news in July came from property advisory firm Charter Keck Cramer, who believe off the plan apartment prices could rise by as much as 25 per cent

Joel Robinson

City Beat August 2023: Melbourne units outperform houses again as supply problems persist

Boutique Melbourne apartment developer PACASA, in collaboration with Cera Stribley Architects, has had quick-fire success at it's recently launched Richmond project, Park House.

There's only 14 apartments and townhouses to choose from in the five-level Church Street building, which sits in a unique pocket at the base of Richmond Hill.&nbsp;Every building to the west of Park House is single-level heritage, so the views back to the city can't be built out.

PACASA Director Stefano Paciocco said that whilst Richmond locals have flocked to the development, it’s also generating significant interest from Melbourne’s upmarket eastern suburbs.

“We’ve had a lot of enquiry from downsizers who live in the likes of Malvern, Glen Iris, Hawthorn, Kew, but the &nbsp;Richmond locals have loved it most.

"They love the area and know what it's about, but they've not really had anything suitable to buy into before Park House."

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Paciocco says buyers have responded to both the project and the location.

"There's higher density to the northern end of Church Street, but we've found a niche on Richmond Hill where buyers know new projects are a rarity."

While Paciocco admits being in the Richmond Hill area comes with its planning challenges, the uniqueness of the product is driving their sales rates to $18,000 per sqm, a figure not often, if ever, seen in Richmond before.

The two-bedroom apartments in Park House are priced at $1.2 million and have nearly 100 sqm of living area. The three-bedroom apartments are priced from $1.65 million. The crowning jewel is the four-bedroom, 396 sqm penthouse. There's also three-bedroom apartments with their own private rooftop terraces with optional spa upgrade.

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The development will be anchored by two commercial spaces, which are likely to home an upmarket hospitality venue or a showroom.

Prominent Melbourne architect Cera Stribley has designed the building, with the brief from PACASA to pay homage to the timeless grandeur of Richmond's Victorian-era architecture, while blending heritage with contemporary living.

"Richmond is known for its Victorian era terrace houses, with rows of narrow sites infilled with brick cottages the common vernacular," the architecture firm said.

"At a streetscape level, these narrow lots have created strong repetition that becomes punctuated with subtle details from the period, such as iron lattice work and arched windows.

"The façade of Park House seeks to borrow from this language, referencing the narrow lots of the area in a façade based around finely gridded proportions. This association is further strengthened using brick as the primary material, complimented with metal details.

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"The Richmond palette is one of brick and urban gardens, with every open space heavily used by the community. The tinted concrete façade seeks to blend into the architecture already in place across Richmond, with planter boxes across the podium offering another layer of character to each apartment and bringing landscape into the otherwise commercial streetscape of bridge road."

PACASA are hoping to start construction on Park House, which is targeting a 7.5 star NatHERS energy rating, later this year.

They already have their sights set on their next project, a similarly boutique block in Collingwood.&nbsp;

[smartcode_project_cta:default project_id=110363]

PACASA Director Stefano Paciocco said, while they've had significant interest from Melbourne's eastern suburbs, it's been Richmond locals who have dominated the purchases so far

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