Construction begins at Studio Nine

Alistair WalshNovember 7, 20120 min read

Construction has commenced on the Wertheim Square apartments in Lend Lease’s Studio Nine development in Richmond.

Prices in the inner-Melbourne block currently start at $649,000 for a two-bedroom unit measuring between 80 square metres and 96 square metres.

Previously prices for two-bedroom, one-bathroom apartments started at $655,000.

The Richmond apartments will be new buildings on the historical site, given earlier offerings within the project were conversions of an older building.

The master-planned community will pay homage to its iconic industrial and broadcast past. The site is a former piano factory, then the Heinz canning factory, and then a broadcast studio.

Construction of the project is due to finish in late 2013 to early 2014.

Lend Lease was previously offering 10% annual returns on deposits paid for apartments.

Alistair Walsh

Deutsche Welle online reporter
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