Development approval granted for $100 million Glen Iris repurposed land project

Development approval granted for $100 million Glen Iris repurposed land project
Development approval granted for $100 million Glen Iris repurposed land project

DealCorp has secured planning approval for a new development that will repurpose land created at the recently revamped Gardiner Train Station in Glen Iris.

The infill development repurposes the 2,700 square metre site opposite the new Gardiner Station forecourt, created as part of its recent multi-million-dollar upgrade.

The project opposite Gardiner Station, titled The Residences at Glenarm Square, will deliver around 120 apartments along with a gym, 15 metre indoor pool, communal lounge and luxurious business centre for residents, with an end value of approximately $100 million.

DealCorp’s plan for the development pays careful attention to the objectives for the area’s overlay including setback and notably, integration with the station and retail plaza, to deliver a new community heart for the bustling Glen Iris locale.

Designed by Plus Architecture with interiors created by Hecker Guthrie, the development will feature 1000 square metre of retail and commercial space over two levels with a range of services for the local community including plans for a provedore, café, and deli/grocer.

DealCorp executive chairman, David Kobritz says the project will deliver an affordable apartment product to a location where the median house price is currently over $2 million.

With over a 30-year history of Urban development experience, DealCorp is an experienced mixed-use developer that has completed 16 projects since 2011 with total gross revenue of $550 million.

Other current projects include the substantial Polaris 3083 Urban regeneration project that is transforming the former Larundel Hospital into a $500 million retail, residential and hospitality precinct.

DealCorp will launch The Residences at Glenarm Square to the market in the coming weeks with the project set to include a mix of one, two and three-bedroom offerings.

Tags: 
Development Glen Iris

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