Lendlease to begin building Gramercy Terraces, on the former Richmond site of the Nine Network studio
Lendlease Retirement Living has marked the launch of Gramercy Terraces in Richmond with a sod-turn and smoking ceremony.
Gramercy Terraces are part of a new boutique offering for Lendlease Retirement Living and will form part of the broader intergenerational living precinct in Melbourne’s inner-city, on the well-known Bendigo and Khartoum streets in Richmond.
Developed by Lendlease and built by Balmain & Coamercy Terraces comprise 31 three-level, three-to-four-bedroom freehold terrace homes, complete with full voids that maximise natural light, along with backyards and rooftop terraces with city views.
Nathan Cockerill, Managing Director of Retirement Living at Lendlease, said Gramercy Terraces represent a new product offering for Lendlease Retirement Living.
"They add the residential component of our intergenerational living precinct in Richmond and will neighbour Ardency Kennedy Place, our luxury, independent retirement living community currently under construction, and a future aged care site is also planned to offer a continuum of care for residents as their needs increase," Cockerill said.
“Purposefully designed with families, downsizers and investors in mind, the new offer is proving popular with the first stage nearly sold out and the final stage set to launch early next year.”
The new homes form the residential component of the precinct and will neighbour Ardency Kennedy Place, Lendlease’s five-star luxury retirement living community currently under construction.
The Bates Smart architectural design draws inspiration from the iconic Federation-era red brick of Bendigo Street and pays homage to the former site of the Nine Network studio and the Wertheim Piano factory, Victoria's first piano factory.
The precinct will target a 6 Star Green Star Communities rating from the Green Building Council of Australia, representing a world standard in sustainable design.
Gramercy Terraces’ urban location boasts walkability and transit scores stemming from its prime location within walking distance to the Yarra River and the tram and train services of Swan Street and Bridge Road.