Brought to you by developer Rescom and CHT Architects, newcomer 100 Park St is set to bring a touch of elegance to the vibrant suburb of South Melbourne.&nbsp;

<h2>Abundant in natural and atmospheric light</h2>

Comprising 67 residences spread across 19 floors, this high-rise features a sleek and stylish facade characterised by steel and abundant glass. The exterior reflects shimmers of light during the day and lights up at night through its vertical tapering forms.

<h2>Modern luxury combined with nature</h2>

Boasting spacious interiors, apartments deliver the perfect combination of location, lifestyle, and luxury. Mirroring the tranquil natural elements of its surroundings, apartment interiors feature organic themes and transition seamlessly onto generously sized entertainment terraces.

100 Park Street, South Melbourne VIC 3205

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2700 dwellings across 26 projects.  They're the headline development pipeline numbers for the area within 500m of the new Anzac station that will built under St. Kilda Road.

4 of the 5 Melbourne Metro stations are located within areas that, for the most part, are either extremely well served or very well served by existing inner-city public transport links.

The construction of the city loop in the 70s and 80s is regularly credited with expanding development within Central Melbourne, especially within the vicinity of Melbourne Central or Museum station as it was known when it first opened.

Melbourne Central shopping centre still stands, even to this day, as the largest redevelopment site in the immediate area of the station with the Kisho Kurokawa-designed tower and cone over the Coop's Shot tower acting as the vanguard of what was to come.  

When railway stations are built, the development community comes running - over time, at least.

Therefore, before the primary construction work kicks off, it's good to get a baseline as it's likely there will be an uptick in the development pipeline during the construction (which will last 3-5 years) and when the new station is operational.

<figure><img alt="" class="image-article_full_width_580px" height="321" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/anzac_map.jpg?itok=kdqbBZ7l" title="ANZAC station and nearby projects in the development pipeline" width="580"><figcaption>Anzac station and nearby projects in the development pipeline</figcaption></figure>All but 2 of the 26 projects located, as the crow flies, 500m from the new Anzac station are residential.  1 is mixed-use residential and hotel and the last project will be all hotel.

4 projects are under construction which will deliver 953 units to the local market once complete and there are a further 5 projects which have their sales and marketing campaigns underway with a total of 354 dwellings one step away from construction.

10 projects are sitting at approved which, should they see construction, will add a further 1113 dwellings to the precinct and there are 7 projects which could possibly yield another 294 dwellings at the planning assessment stage.

A great deal of the projects are located on Park Street and Palmerston Crescent with most other potential redevelopment sites closer to the station entrance having already been built on.

Kings Way is a significant pedestrian barrier at present and if any stakeholder agencies or councils decide to improve connectivity for pedestrians across Kings Way, expect to see jostling for development sites on the western side of the road to increase.

See below for a full list of existing development pipeline projects near the new Anzac station.

Lead image credit: <a href="https://metrotunnel.vic.gov.au/library/designs">metrotunnel.vic.gov.au</a>.
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Alastair Taylor

An overview of the projects in the vicinity of the new Anzac station

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Considering the sheer volume of apartment projects Melbourne has absorbed over recent years, the rate of stalled projects is comparatively minuscule.

Very few apartment projects that launched their respective sales campaigns over the last five years failed to progress to construction. One of the more notable projects though was 100 Park Street; the South Melbourne project straddling the busy Kings Way and Park Street intersection had over recent years been expected to be home to an 11 level mixed-use building.

The failure of the project to progress through its then sales campaign has presented an opportunity for current developer RESCOM, which also happens to be headquartered onsite.

<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/100park-2.jpg" rel="gallery-all" title="100 Park Street as was initially intended. Image: Rescom"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/100park-2.jpg?itok=BrxWxxFd" title="100 Park Street as was initially intended. Image: Rescom" width="580"></a>

<figcaption>100 Park Street as was initially intended. Image: Rescom</figcaption></figure>With the 2012 VCAT-approved scheme now consigned to history, RESCOM has utilised prolific residential apartment design practice CHT Architects to rework the scheme for the dual fronted 593sqm site which fronts a combined twelve lanes of traffic.

Lodged with City of Port Phillip earlier in the year, the new CHT Architects design seeks approval for a taller 19-storey building which includes offices and 67 apartments. Split between 10 single bedroom dwellings, 40 two bedroom dwellings and 17 three bedroom dwellings, the newly formatted tower provides a greater yield relative to the original design.

483.5 square metres of office space is present over the ground floor, first floor and second floor. 44 car parking spaces and 51 bicycle bays are housed across two basement levels and a portion of the ground floor.

Reaching 60 metres in height, the new 100 Park Street represents RESCOM's biggest apartment project to date, following on from their Fernhill Sandringham project and the at construction Herbert King on Richmond's Lennox Street which includes 40 dwellings.

100 Park Street's initial sales campaign was forsaken, with the site eventually <a href="https://www.cbremelbourne.com.au/wp-content/uploads/2015/07/Park_St_100_4PP_v14.pdf">handed over to CBRE City Sales</a> during mid 2015 with all presales attached, but not acted upon.

<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/image32_7.jpg" rel="gallery-all" title="A Kings Way perspective of 100 Park Street. Planning image: CHT Architects"><img alt="" class="image-article-full-width-580px" height="456" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image32_7.jpg?itok=Ph4RogDp" title="A Kings Way perspective of 100 Park Street. Planning image: CHT Architects" width="580"></a>

<figcaption>A Kings Way perspective of 100 Park Street. Planning image: CHT Architects</figcaption></figure>The current 100 Park Street proposal versus the initial 2012 scheme is chalk and cheese when placed into their respective built form.

Park Street and the immediate surrounds have become one of the more stable apartment development precincts across inner Melbourne. The majority of proposals have pushed through City of Port Phillip's planning channel in the last two years, effectively earmarking this area as a hotbed of apartment activity in years to come.

Including the reworked 100 Park Street, there are currently nine apartment projects either on Park Street or within a 300m radius that have yet to reach fruition. These projects amount to a further 911 apartments in the South Melbourne pipeline.

<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/image34_10.jpg" rel="gallery-all" title="Fellow proposals at 33 Park Street, 5-7 Park Street and 9-13 Park Street."><img alt="" class="image-article-full-width-580px" height="339" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image34_10.jpg?itok=QX0x2y09" title="Fellow proposals at 33 Park Street, 5-7 Park Street and 9-13 Park Street." width="580"></a>

<figcaption>Fellow proposals at 33 Park Street, 5-7 Park Street and 9-13 Park Street.</figcaption></figure>
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silvermb

A problem South Melbourne site looks for new life

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Inner and metropolitan Melbourne is currently flush with development sites listed with the city's largest real estate firms, all of whom are still eager to cash in upon the favourable market factors allowing for consistently high sales prices.

A sweep through available listings sees scarce few truly blue-chip development sites on offer, but rather an abundance of noteworthy (some may argue secondary) development sites capable of handling a multitude of predominantly apartment projects. While development sites are always in demand, the increased number of permit approved development opportunities is also on the rise.

Seen below is an overview of what is currently on offer.

<h2>CBRE City Sales remain the dominant force</h2>

CBRE City Sales account for the majority of large development sites and schemes on offer. The most recent addition is 18 Moray Street on Southbank which has been offered for sale with a residential development scheme of 47 levels mooted over the 438sqm site. Also on Southbank and 57-59 Haig Street is also offered for sale, with an approved Bruce Henderson-designed 39 level apartment tower in tow.

Two additional heavyweight development sites are also under the guidance of CBRE City Sales; they being 596 St Kilda Road and 8 Claremont Street, South Yarra. Both plots are expected to see 20-odd level residential projects in due course.

Of the plethora of additional sites with CBRE City Sales up for grabs, a number stand out for differing reasons. <a href="https://www.urban.com.au/new-apartments/686-doncaster-doncaster">682-686 Doncaster Road Doncaster</a>, 808 Sydney Road Brunswick and 111 Canning Street North Melbourne are available with approved planning permits attached while <a href="/new-apartments/100-park-street-south-melbourne-vic-3205">100 Park Street South Melbourne</a> presents as one of the few projects which is available for purchase with significant apartment pre-sales in place. Developer 94 Feet has elected to move the site on.

Of the remaining CBRE City Sales listings 1234 Nepean Highway Cheltenham and 409 Spencer Street West Melbourne shape as likely residential plots capable of handling high-rise projects.

<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/image94.jpg" rel="gallery-all" title="Assorted projects within the CBRE City Sales stable"><img alt="" class="image-article-full-width-580px" height="346" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image94.jpg?itok=bCzHDi9D" title="Assorted projects within the CBRE City Sales stable" width="580"></a>

<figcaption>Assorted projects within the CBRE City Sales stable</figcaption></figure><h2>A clean slate</h2>

There is no shortage of traditional knock-down development sites on offer,although there'll be no knocking down of the first site shown below. Among Colliers healthy number of listings is 150 Oxford Street Collingwood. Covering 3,336.4sqm, the site sits within the Foy &amp; Gibson precinct and has been touted as a likely candidate for additional levels to be added above the existing structure.

Notable sites also with Colliers include 22-28 Courtney Street North Melbourne and The Millennium Site at 1000 La Trobe Street which has been <a href="https://www.urban.com.au/news/opportunity-arises-from-a-failed-digital-harbour-development">covered on Urban.com.au previously</a>.

<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/image109_0.jpg" rel="gallery-all" title="Prospective development sites yet to enter the planning sphere"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image109_0.jpg?itok=QlvCWD9A" title="Prospective development sites yet to enter the planning sphere" width="580"></a>

<figcaption>Prospective development sites yet to enter the planning sphere</figcaption></figure>Fitzroys are offering 63-69 City Road Southbank with an indicative outline suggesting a slim tower in the vicinity of 200 metres is on the cards while JLL have listed 87-105 Racecourse Road North Melbourne. At 6,500sqm the site could accommodate multiple buildings in any chosen form.

Perhaps most interesting is 134-148 Little Lonsdale Street and 17-23 Bennetts Lane Melbourne with Mulcahy &amp; Co listing the 1,543sqm site. In what was once a low-rise precinct, the area has seen intense residential development including the completed 57-level Abode 318 and the proposed 52 level 141-149 La Trobe Street which backs on to Bennetts Lane.

<h2>Permit approved sites lessen the workload</h2>

<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/image97.jpg" rel="gallery-all" title="a variety of approved development schemes currently on offer"><img alt="" class="image-article-full-width-580px" height="432" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image97.jpg?itok=-bFDJr6I" title="a variety of approved development schemes currently on offer" width="580"></a>

<figcaption>a variety of approved development schemes currently on offer</figcaption></figure>The term 'flipping' has become quite prevalent of late, with negative connotations associated with the term in certain circles. It could be argued more often than not though the selling of permit approved development sites is generally the result of land owners realising the worth of their land, but also not having the financial means or experience to bring a given development to fruition.

Seen above are another five permit approved development sites currently available. Vinci Carbone have<a href="/developments/north-melbourne-vic-3051"> 3-5 Bedford Place North Melbourne</a> as being 'under contract' while Crabtrees' <a href="/buildings/chester-3-chesterville-road-cheltenham">3 Chesterville Road Cheltenham</a> is also available, involving 32 apartments within a six level development.

Others ready to go include <a href="/buildings/m-carnegie-316-neerim-road-carnegie">316-320 Neerim Road Carnegie</a>, 3-7 Noble Street Noble Park with 92 approved apartments, <a href="https://www.urban.com.au/new-apartments/53-earl-street-kew">53 Earl Street Kew </a>and 2-8 Barry Street, Brunswick. Combined these six projects could yield 282 if realised.
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100 Park Street, South Melbourne VIC 3205

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More about 100 Park Street, South Melbourne VIC 3205

Abundant in natural and atmospheric light

Modern luxury combined with nature

Development information for 100 Park Street, South Melbourne VIC 3205

Meet the team behind 100 Park Street, South Melbourne VIC 3205

Location of 100 Park Street, South Melbourne VIC 3205

News about 100 Park Street, South Melbourne VIC 3205

An overview of the projects in the vicinity of the new Anzac station

A problem South Melbourne site looks for new life

Development sites to the fore

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