Willowstone Capital secure approval for new Windsor apartment development
Michael Skala's Willowstone Capital has secured planning approval for Article Windsor—a mixed-use development in a sought-after High St location in Melbourne's south east.
The project at 274-284 High Street in Windsor blends modern apartments and a Federation-style heritage building restoration.
A key highlight of Article Windsor is the strategic amalgamation of two adjoining development sites, a testament to Willowstone Capital's foresight and ability to identify unique opportunities.
The $16 million development is situated on a 408 sqm site that was last sold in April 2021 for $2.5 million.
Article Windsor comprises 36 apartments ranging from one to three bedrooms across a new six-storey building.
There will be 14 one-bedroom, 14 two-bedroom, and eight three-bedroom configurations. The plans also include a basement car park with 33 parking spaces designed by Warren and Mahoney.
Complementing this modern building is the restoration of the heritage building on site. This historic structure is slated to be adapted for various uses, including retail, food and beverage establishments, and commercial office spaces.
Situated five kilometres southeast of Melbourne's CBD, the development benefits from its proximity to the famous Chapel Street and the dynamic Windsor precinct. The rejuvenation of this area is poised to positively impact the local community, providing housing and contributing to the region's economic vitality.
Willowstone Capital's project has garnered support from IDA, who will serve as the principal capital partner.
