Cremorne's gentrification gains further momentum with Everlane strata office suites

Cremorne's gentrification has gained further momentum with the addition of Everlane strata office suites to the precinct

Cremorne's gentrification gains further momentum with Everlane strata office suites
Cremorne's gentrification gains further momentum with Everlane strata office suites

Cremorne's gentrification has gained further momentum with the addition of Everlane strata office suites.

CostaFox has launched its second premium strata office complex in the inner Melbourne suburb.

The strata offices will range in size from 68sqm to whole floors at 613, with prices from $845,000. 

Everlane will be diagonally opposite the first project at 22 Gordon Street, Cremorne

The suburb, set between Goschs Paddock and Chapel Street, was an industrial suburb.

Construction of The Malt District, a $1 billion redevelopment on the Nylex Clock site in Cremorne, is the biggest project having been commenced in 2018 by the developer Caydon.

Caydon's initial project was a nine-level office tower, and then 12 and 15 stepped-level Coppins Corner tower.

With more than 200 residential apartments, the apartments have been priced from $462,000 for one bedrooms, two bedrooms from $695,000 and three bedroom apartments from $1.4 million. 

"This gentrifying Cremorne pocket has evolved into an epicentre for work, health and wellbeing and social congregation," managing director Michael Fox noted.

Cremorne's gentrification gains further momentum with Everlane strata office suites

The new project features 14 strata office suites on the top three levels of the eight storey building with city views.

The building was designed by Fieldwork, with interiors by Mim Design. The landscaping will be by openwork.

It features premium club-like end of trip facilities, although it is expected some workers will reside in The Malt District.

Fox advised it was "a sustainable and technologically advanced smart building for the future."

Development director, Geno Hubay said that CostaFox had a view that “many tenants would prefer to be owner occupiers post COVID with many companies wanting to control of their own destiny."

The office suites, which come with at least one secure car space, are listed through Colliers International agent Ben Baines, Ted Dwyer, Raphael Favas and Chris Ling.

CostaFox sold its initial strata office development project in one line to Bayley Stuart in November 2019 for $50 million.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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