Ode - 16 Grey Street, St Kilda

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There's news for Pace Development Group across a variety of fronts.

Firstly, the prolific developer has taken the 2016 Property Development Award at the Australian Property Industry (API) Excellence in Property Awards. St Kilda's 'The Icon' building was granted the citation as part of the event which recognises innovation and outstanding achievement s across the property industry.

Held last Friday evening, the award results from the deliberations of a group of property leaders which critically assessed all entries in their individual fields. The Icon landed the overall Property Development Award on the evening.

<blockquote>
Like any challenging design statement, The Icon created a sense of apprehension initially within the locally community, however with Pace’s expertise in the area, together with architects Jackson Clements Burrows (JCB) and local artist Matthew Johnson – the final result is truly stunning.
One we should all be proud of.
<cite>Michael Holah, Head of Planning and Design, Pace Development Group</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_6177_0_0.jpg" rel="gallery-all" title="St Kilda's 'The Icon'"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_6177_0_0.jpg?itok=2B2PXPMz" title="St Kilda's 'The Icon'" width="580"></a>

<figcaption>St Kilda's 'The Icon'</figcaption></figure>Now in its 22nd year of operation, Pace Development Group is powering ahead with its development pipeline.

With George Windsor and St Kilda's 181 Fitzroy Street all but complete, construction has commenced on Pace of Northcote. In excess if 60% of the initial stage has sold, allowing Pace of Northcote to progress from sales release to construction in little more than a few weeks.

The developer's Northcote pursuit is joined by Pace of Doncaster East and 808-818 Sydney Road which are both at sales, while Ode St Kilda is also at construction. This quartet is set to deliver approximately 320 new apartments across four separate suburbs.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image73_3.jpg" rel="gallery-all" title="A revised 247-259 Johnston Street. Planning image: SJB Architects"><img alt="" class="image-article-full-width-580px" height="345" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image73_3.jpg?itok=XZ5pksL1" title="A revised 247-259 Johnston Street. Planning image: SJB Architects" width="580"></a>

<figcaption>A revised 247-259 Johnston Street. Planning image: SJB Architects</figcaption></figure>In related news, Pace Development Group's intended residential project at 247-259 Johnston Street, Abbotsford has gone back to Council with a revised scheme.

City of Yarra are now displaying the updated plans which carry an estimated development cost of $45 million. Gone is an earlier scheme for an 18 level tower, with a smaller tower installed in order to respond to the official feedback received from Council's independent Urban Designers. Greater setbacks to Johnston Street and Stafford Street have also been included.

At 12 levels, Pace Development Group is pushing to realise 148 apartments across the project, comprising of 66 x 1 bedroom, 7 x 1 bedroom plus study, 69 x 2 bedroom, 1 x 2 bedroom plus study and 5 x 3 bedroom options.

247-259 Johnston Street along with Collingwood's 73-77 Wellington Street form the backbone of Pace Development Group's future projects stock.
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silvermb

Pace scores a gong, and looks to score with City of Yarra

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Following on from <a href="https://www.urban.com.au/news/welcome-to-boom-town-melbournes-low-rise-high-density-projects-in-one-long-list">Friday's list of 2, 3 and 4 floor low-rise high-density projects</a>, today we're looking exclusively at projects which have either 5 or 6 floors.

There are 243 current projects in the list below and while the overwhelming majority of projects are residential, there are a few notable commercial projects such as the ABC's expansion of its offices and broadcast facilities on <a href="/new-apartments/southbank-vic-3006">Southbank</a>, the <a href="/developments/burnley-vic-3121">East Edge Botannica</a> project in Richmond and <a href="/developments/hawthorn-vic-3122">8 Hall Street</a> in Hawthorn.

Factoring in purely residential projects, the list of projects below yields 10,781 dwellings from planning assessment to construction.

<h2>The low-rise high-density story</h2>

Combining the numbers across both lists - that is, buildings with 2, 3, 4, 5 or 6 floors - there are just under 18,000 dwellings across 453 projects (2 more low-rise projects have been added since Friday's article). 46% of all projects on Urban.com.au <a href="https://www.urban.com.au/developments">Project Database</a> have 6 or less floors.

<table border="1" cellpadding="1" cellspacing="1" style="width:100%;">
<thead><tr>
<th scope="col">Project Status</th>
			<th class="rtecenter" scope="col">Number of Projects</th>
			<th class="rtecenter" scope="col">Number of Dwellings</th>
		</tr></thead>
<tbody>
<tr>
<td>Planning Assessment</td>
			<td class="rtecenter">99</td>
			<td class="rtecenter">4175</td>
		</tr>
<tr>
<td>Approved</td>
			<td class="rtecenter">97</td>
			<td class="rtecenter">3866</td>
		</tr>
<tr>
<td>Registration and Sales</td>
			<td class="rtecenter">141</td>
			<td class="rtecenter">5116</td>
		</tr>
<tr>
<td>Under Construction</td>
			<td class="rtecenter">116</td>
			<td class="rtecenter">4808</td>
		</tr>
<tr>
<td>Total</td>
			<td class="rtecenter">453</td>
			<td class="rtecenter">17,965</td>
		</tr>
</tbody>
</table>
Furthermore Urban.com.au has site area data on 214 of the 453 projects outlined in the table above; this subset has an average of 312 dwellings per hectare. Dwellings per hectare = 10,000 ÷ (Site Area m2 ÷ Dwellings).

Where Friday's list has projects which provide a good insight into what is possible in the residential growth zone throughout the Metropolitan area, today's list looks at the small step up into areas where suburban structure plans encourage higher-density development.

See <a href="https://www.urban.com.au/news/welcome-to-boom-town-melbournes-low-rise-high-density-projects-in-one-long-list">Friday's article</a> for the list of projects with 2, 3 or 4 floors.

And it's over to the Project Database once again. Here's the list of projects with either 5 or 6 floors.
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Ode

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Pace scores a gong, and looks to score with City of Yarra

Melbourne's low-rise high-density: all projects with 5 or 6 floors in one long list

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