Sturt Street's prime development site listed for sale
131-139 Sturt Street began as a 42 level development when Urban.com.au first reported on the development application during 2015.
In 2017 the site saw a re-design which was ultimately supported by City of Melbourne planners and today the site and Hayball-designed scheme has been offered for sale.
Colliers International is handling the sale which includes 200 plus permitted apartments over 18 levels, plus a mixed-use ground floor offering that could include retail, commercial or arts uses. The site currently hosts the offices of architecture firm Hayball, who were integral in the approvals process.
The 2884.6sqm site has frontages to Sturt and Dodds Street and benefits from direct access to East Coburg, the CBD, South Melbourne and Albert Park by having the #1 tram route on Sturt Street.
The original design as we first profiled it in 2015 included 42 levels with 341 apartments, including studio, 1, 2, 3 and penthouse configurations. 226 car and 151 bicycle spaces were also included.
The former proposal also included communal spaces over levels 12, 13 and 39 and was slated to include over 2,000 square metres of adaptable retail/commercial space.
The site is located in Melbourne's Arts precinct with near neighbours including the Malthouse Theatre and the Australian Centre for Contemporary Art. Further along Sturt Street toward the CBD, the state government recently announced its intention to kick off a massive investment in adapting Sturt Street to integrate with the premier arts and cultural facilities on St Kilda Road.
Phase 1 of the State Government initiative will see the site of the former headquarters of Carlton & United Breweries make way for a new National Gallery of Victoria Contemporary, with subsequent phases set to see further culture industry facilities added.
Trent Hobart, Director of Residential at Colliers International's Melbourne office said the site is located in one of Melbourne's most sought after locations, nestled among the arts precinct and near the Royal Botanic Gardens.
The location, surrounding amenity, proximity to the city and the unbelievable view lines all combine to make this the perfect location for the affluent owner occupier market.
The project has been designed by the renowned Hayball Architects who have been a resident and advocate of the Arts precinct for the past 35 years.
They have created an exceptional building, one that seamlessly fits within its Arts precinct surrounds whilst being flexible and incorporating a high end internal and external design, perfect for the city fringe residential market.
Trent Hobart, Colliers International
An international expression of interest campaign is now active which closes on August 3rd at 2pm.