AUSCO affirms Cheltenham's emergence as an apartment hot spot
Cheltenham is steadily ascending the ranks in terms of apartment numbers in development, with the suburb's latest sizeable project now on public display.
1234-1236 Nepean Highway is located immediately next to City of Kingston Council's municipal office and looks to eclipse the commercial building for size. Developer/builder AUSCO Investment Group is looking to construct an 11 storey mixed-use building containing 126 apartments and 3 office spaces, one of which crowns the prospective building.
The Cheltenham project also adds to AUSCO's strengthening portfolio of apartment projects across Melbourne's South Eastern suburbs.
Bentleigh, Oakleigh South, Malvern East and a Murrumbeena duo join Cheltenham as suburbs in which AUSCO have active apartment projects.
The Bruce Henderson Architects-designed 1234-1236 Nepean Highway is the latest large apartment development in the offing for Cheltenham.
Spanning a 1,920 square metre site and with a 38 metre frontage to Nepean Highway, two low-rise building are set to make way for the project. The prospective yield is split between 53 one−bedroom apartments, 68 two−bedroom apartments, 5 three−bedroom apartments and a total of 1,016 square metres of office space.
AUSCO Investment Group would look to occupy the tenth level office floor according to planning details.
The arrival of 1234-1236 Nepean Highway further highlights the development transformation occurring within the suburb. Although not a haven for high-rise projects, Cheltenham continues to attract an increasing number of projects which are in the low and mid-rise category.
Urban.com.au's Project Database is keeping tabs on 16 separate apartment developments across Cheltenham.
The near complete Ilixir, 19 Hall Street and The Village Cheltenham which was in hiatus but is now active once more constitute the trio of major apartment projects which are at construction. Of the 16 projects which amount to near on 1,000 apartments, 347 are at construction.
Four further projects are at Registrations and Sales within Cheltenham and are likely to add a further 148 apartments to the suburb's stock.
Whilst the balance of upcoming Cheltenham apartment projects are generally smaller in stature, there still remains scope for some noteworthy development.
Ewert Leaf for instance are working with developer Steller to realise 13-15 Chesterville Road. According to the architect's website, a mixed-use project will account for the 2,332 square metre site.
