Yarra's commercial prospects reloaded

Yarra's commercial prospects reloaded
Yarra's commercial prospects reloaded

Yarra continues to rack up substantial commercial planning applications, solidifying a recent spate of office projects within the municipality as highlighted by Urban Melbourne earlier in the year.

Latest to enter the fray is 57 Balmain Street, seeking partial demolition of the existing heritage form which in years gone by was part of the historic Rosella complex. A seven storey commercial building above three basement levels is planned, with a cafe at ground level.

Valued at $30 million, the scheme was lodged with City of Yarra last month.

Rothelowman's website carries fresh images of what shapes as the likely design for 57 Balmain Street, with the following description: 

Balmain Road’s proposed design restores the iconic Rosella facade while boldly juxtaposing old and new to create a modern mixed-use commercial space for a top-tier international tenant.

Responding to its local architectural context and landmarks such as the Nylex Clock, Balmain Road’s design explores the relationship between framing and structure and extroverted and introverted space. 

Yarra's commercial prospects reloaded
Image: Rothelowman

Whilst the above has yet to reach advertising, a duo of new commercial projects has.

111-115 Bridge Road, Richmond sees an already approved commercial scheme expanded to include the neighbouring property. The result is an enlarged footprint behind existing shopfronts that holds 1,274sqm of commercial space across 6 levels.

Whilst Bridge Road is a relatively modest development, established residential developer Alpha 14 Property Group's first foray into the commercial sphere is far more substantial. 71-93 Gipps Street is a Hayball-designed project spanning 11 storeys across a 1,579sqm site.

Carrying a development value of $19 million, Net Leasable Area for the project spans 8,873sqm with end of trip facilities and 2 basement levels for 87 vehicles included.

Yarra's commercial prospects reloaded
Commercial projects slated for Bridge Road and Gipps Street. Images: 8 Property Investments & Hayball

In further planning news, 345 Swan Street was granted a Notice of Decision last month for the development of a seven storey office building.

Designed by Jackson Clements Burrows for Periphery Pty Ltd, the building can now expect to add a further 2,702sqm of offices and two retail tenancies to the local streetscape. Already at construction is 96-102 Cubitt Street within Cremorne, which continues the trend of boutique commercial developments in the immediate area.

Project Group are handling construction of the building which absorbs all of its modest 476sqm site footprint.

Finally, Alfasi Property are planning a grand gesture for 510 Church Street. COX have been installed as project architect, with the end result a total lettable area of approximately 20,000sqm across the 3,070sqm site.

510 Church Street will set a new benchmark for Architecture & Workplace design in Richmond’s Church Street commercial precinct.

510 Church Street will be a building of timeless architecture, appealing to a wide range of tenant types, especially tech firms and creatives, moving beyond the current ‘warehouse’, ‘business park’ or ‘corporate CBD’ typologies.

Yarra's commercial prospects reloaded
Swan, Church and Cubitt. Images: JCB, COX & Project Group

Mark Baljak

Mark Baljak

Tags: 
Commercial City of Yarra

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