Hot or what? The Collingwood apartment juggernaut rolls on
Earlier during 2014 Urban.com.au highlighted the strengthening momentum Smith Street Collingwood was gathering as one of Melbourne's must-live destinations. With the apartment development landscape in the area changing rapidly, it pays to once more visit the current state of play in terms of Smith Street and Collingwood as a whole.
While many have now progressed to construction, a second wave of apartment projects are emerging as a multitude of developers look take advantage of continuing buyer interest in the suburb.
At construction
Eight major apartment projects are currently at various stages of construction, yielding in the vicinity of 980 apartments. With completion for the majority expected mid to late 2015, Collingwood will see an appreciable swell in residents at these projects progressively achieve completion.
Seen above in clockwise fashion are You and I, Oxley Apartments, 41 Peel Street, Yorkshire Brewery, Little Ox, Tapestry Apartments and Oxford & Peel. Last but not least is Smith&Co. which under developer Banco Group announced on Urban.com.au yesterday the final release of extra spacious apartments over the top levels of the development.
Registration and sales
In between the construction boom and surge of new projects in their infancy a handful of developments are seeking to make the transition from sales to reality. Shown as accepting registrations of interest on developer Preview Property's website, Islington Apartments joins Angelo Property Group's Haus Apartments as the two projects most likely to progress to construction next, with the latter having already completed site demolition.
Factoring in 9 Smith Street and The Patersons which also at sales and front Smith Street yet are considered to be in Fitzroy, the four projects may well add in excess of 250 apartments to the area.
The new wave
Here are the seven latest Collingwood projects in waiting, with only 195 Wellington Street holding approval. Clockwise once more 386 Smith Street, 109 Wellington Street, 7 and 9-15 Little Oxford Street, 466-482 Smith Street and 24-28 Stanley Street find themselves at planning while Koúl Property enters the suburb with their proposed predominantly brick building at 203-205 Johnston Street which has yet to hit the official planning channels.
These projects combined are slated to hold in excess of 250 apartments; while the number of apartment developments continues to flow, the smaller site size dictates that fewer apartments will be contained within each development on average.
Not yet submitted for approval are two additional projects which will add approximately 200 additional apartments. Angelo Property Group is set to go again with 365 Smith Street which in time will host in excess of 100 one and two bedroom apartments and retail tenancies fronting Smith Street. Gurner also plans a return with 107 Cambridge Street (following 24-28 Stanley Street) which is expected to carry 92 apartments in an Elenberg Fraser-designed complex highlighted by an almost lace-like facade.
All in all the mass of residential developments within Collingwood ensures Urban.com.au will be writing about the area for some time to come.
