Docklands development half sold in three weeks on market

Docklands development half sold in three weeks on market
Cassidy KnowltonDecember 8, 2020

VictoriaHarbour’s latest residential complex, Lend Lease’s Exo building, is 50% sold three weeks after coming onto the market.

The building will comprise 32 one-bedroom apartments of about 55 square metres, which start at $395,000. It will have 64 two-bedroom apartments, which range from 79 square metres to 93 square metres and start at $665,000. Lend Lease brought them onto the market on July 31.

Exo will be have a distinctive perforated white façade, with its irregular holes designed to bring to mind river rocks or forest paths. It was designed by Lend Lease Design’s architectural team.

“Exo is the latest in a line of commercial and residential projects adding panache to Melbourne’s Victoria Harbour precinct – a unique fusion of city and water,” says Lend Lease Victoria Harbour project director Claire Johnston.

The development will back onto

Collins Street
, and although its address is technically
Merchent Street
, Lend Lease aims for it to be “characteristically
Collins Street
”.

The building will be designed to be both part of the city and apart from it, much like the burgeoning Docklands precinct itself.

“The design demonstrates an innate understanding of the need for sanctuary from the hustle and bustle of urban life, with each apartment purposely designed to maximise space and minimise noise, allowing residents to reside in the heart of the city without having to compromise on their quality of living,” says Johnston.

The 10-year-old Docklands precinct has been something of an urban experiment, with the new suburb home to 15,000 residents and a growing number of businesses. Companies like Myer, NAB and ANZ are headquartered in Docklands on the eastern fringe of Melbourne CBD, and they bring thousands of young professionals to the area every day. The ANZ building alone is full of 6,000 office workers on a busy workday.

Lend Lease aims to provide accommodation for the influx of workers, with investors and young professionals its target demographic for Exo. Docklands is expected to house 30,000 people by 2021.

“The VictoriaHarbour retail precinct offers a selection of cafes, restaurants, shops and convenience stores, including a Safeway supermarket, and of course

Collins Street
extends into VictoriaHarbour and offers a convenient tram service to the CBD. Exo will also contribute to the growth of the area with the inclusion of seven retail shops at the base of the building,” Johnston says.

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