Coburg

One Coburg Quarter,&nbsp;the first building within the&nbsp;new Coburg masterplanned community, has been designed as a cultural focal point for the north of the precinct.

Comprising 125 one and two-bedroom apartments, the development sits within Future Estate&#39;s&nbsp;$1 billion project on Urquhart Street.

Masterplanned by Rothelowman, the design response references the colourful industrial past of Coburg, taking shape around the old Pentridge prison and its signature bluestone.

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&ldquo;Inspired by its context, the strong horizontal manifestation of the&nbsp;bluestone and mortar courses is reflected in the articulation and&nbsp;expression of the new fa&ccedil;ades&rdquo;, the architects said.

Remnants of the 19th century Pentridge buildings, the bluestone borders the site on three sides and harmonises the old and the new.

&ldquo;Drawing inspiration from the iconic boroughs of New York City and London, our vision for Coburg Quarter is of a new urban com​munity with soul, creativity and a genuine sense of neighbourly spirit&rdquo;, Future Estate managing director, Ben Anderson, noted.

Though while it has a reverence for the mixed-use precincts that help to define these international cities, Coburg Quarter&rsquo;s identity is truly &ldquo;Northside,&rdquo; a natural extension of Brunswick, Northcote and Fitzroy.

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Passing through the heritage walls, residents will entire a landscaped courtyard into a living lobby, designed to be synonymous with a&nbsp;luxury hotel.

Communal and garden spaces on ground level, and a sky garden on level eight complements the European-style central square aimed to engage with the broader community.

The project will integrate residential and commercial aspects, with future development plans for a new hospital and aged care.

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Spacious floorplans characterise the One Coburg Quarter homes, capturing incredible views and maximising light through full-height windows and clever design.

Its sculptural form extends from its fa&ccedil;ade into its communal areas, with the rooftop space featuring sculptural forms that contrast the robustness of the older heritage fabric.
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Offering 148 apartments, the multi-unit development boasts enviable amenity, including residents bar, lounge, library and roof garden.

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Buyers can feel at ease knowing their home is soon to be a part of the comprehensive Coburg Quarter masterplan, connecting Melbourne&rsquo;s northern hub to the future.

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Masterplanned by Rothelowman, the design response references the colourful industrial past of Coburg

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Design brief: How the Rothelowman-designed One Coburg Quarter came together 

One Coburg Quarter is the newest development by the Melbourne-based property developer Future Estate.

The contemporary eight level&nbsp;building is being constructed on the&nbsp;historic site was once the Pentridge Prison, with the heritage bluestone walls used by renowned architecture firm Rothelowman as part of the facade.

The residential tower homes just 125 one and two bedroom apartments, priced from $351,000.

The&nbsp;multi-faceted masterplan has been designed with the community in mind.

A European-style central square complemented by a new high street, offering an exciting range of restaurants, cafes, bars, retailers and public spaces will form the civic and cultural focal point.

Urban has taken a look at five reasons why One Coburg Quarter should be on a buyer&#39;s shortlist.

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1. The Developer

Future Estate has been developing property since 2009 when it was founded by its managing director Ben Anderson.

Currently they have two Bundoora projects, Botanic at Parc Vue, the 407 apartment block, and Parc Vue Bundoora, neighbouring Bundoora Park.&nbsp;

Future Estate prides themselves on a more &#39;full circle&#39; approach to property and its management, rather than the typical development only approach.

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Future Estate then seeks to maintain ownership of specific, strategic assets once developed, and then manages the real estate requirements as each project reaches completion.

Such management services include owners corporation, building manager and concierge services, hotels and serviced apartments and hospitality venues.

2. The Architect

One Coburg Quarter has been designed by the renowned architecture firm Rothelowman.&nbsp;

They call 1851-built Pentridge Prison a stunning Australian treasure due to its bluestone construction which has held for for 170 years.

&quot;Echoing the rhythm and language of the historical prison structures, One Coburg Quarter is inspired by the past, yet designed for tomorrow&quot;, Rothelowman note.

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It was inspired by the unique character of Coburg and a reverence for historic mixed-use precincts in New York City and London.

&quot;Coburg Quarter will have a village feel in an urban context. It will be a natural extension of Melbourne&rsquo;s celebrated northern suburbs such as Brunswick, Northcote and Fitzroy.&quot;

3.&nbsp; The Location

Coburg has long been admired for its multicultural heritage, and culture of community and family. With Sydney Road at its heart, the suburb has gentrified considerably in recent times, however, still very much retains its heritage and relaxed atmosphere. A short stroll down Sydney Road illustrates a community and village vibe that can&rsquo;t be matched in Melbourne.

Rated a 9/10 for walkability, everything is within close reach in Coburg. From up-to-the-minute cafes, restaurants, bars and nightlife, to quality basic amenity such as supermarkets, One Coburg Quarter has it all within walking distance. But delve deeper and you&rsquo;ll find little gems such as the weekly farmer&rsquo;s market at Coburg Primary School and Mediterranean Wholesalers, a wonderful continental market.

Coburg lies within a transport &lsquo;hot spot&rsquo;, offering residents multiple ways of moving around Melbourne. Just a 30-minute tram ride from the CBD, Coburg is also serviced by trains and buses, making it a cinch to get around. If driving is your thing, Sydney road is a major arterial in the north, connecting Coburg to the CBD and neighbouring northern suburbs. What&rsquo;s more, Coburg is a mere 20-minute drive from Melbourne&rsquo;s Tullamarine Airport.

4. The Apartments

On offer are a selection of one and two-bedroom floorplans, each with state-of-the-art kitchens featuring&nbsp;mirrored splashbacks, integrated appliances and four-burner gas hobs, as well as&nbsp;Matte black tapware and minimalist sinks.

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The living areas feature pale timber flooring and are filled with plenty of natural light.

The bathrooms also exude style &ndash; with matte black fittings, integrated vanity storage and LED lighting.

5. The Amenities

Residents at One Coburg Quarter will enjoy communal indoor lounge and dining areas that open to an outdoor rooftop terrace with landscaped plans, outdoor seating and a barbecue.

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The terrace will have a panoramic view of the Melbourne skyline.

Want to know more?&nbsp;Check out the <a href="https://www.urban.com.au/news/vic/display-tour-one-coburg-quarter-by-future-estate-in-coburg-vic">display tour here</a>.

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One Coburg Quarter is the newest development by the Melbourne-based property developer Future Estate.

Joel Robinson

Why One Coburg Quarter should be on a buyer's shortlist

One Coburg Quarter is set to be the newest sought-after address in the north Melbourne suburb when it is completed next month.

The project, developed by Future Estate and designed by architecture firm Rothelowman, only has a very limited number of its one and two bedroom apartments left, with residents moving next month after a three and a half year build.

Here are 7 things we love about the&nbsp;soon to be completed&nbsp;One Coburg Quarter:

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<h2>1. Delivered by a forward thinking&nbsp;developer</h2>

Future Estate&nbsp;is a Melbourne based property development firm with a forward thinking mindset.

With over $1billion worth of projects under development and a portfolio spanning the eastern seaboard of Australia, Future Estate is one of the country’s most progressive privately-owned developers.

They are currently focusing on Parc Vue with the recently completed Parc Vue at Bundoora and Botanic At Parc Vue underway.

<h2>2. Designed by&nbsp;award winning&nbsp;Architecture firm Rothelowan</h2>

With an&nbsp;intelligence-driven approach has recognised for creating high-quality, innovative designs across a range of sectors and project types, Rothelowman has done a stellar job at One Coburg Quarter.

Managing not only a stunning facade that incorporates the bluestone walls which were once part of the Pentridge Prison that was on the site but also creating a village feel in an urban context.

Other works the award winning firm is involved in at the moment include, Canvas, Hawthorn Park and Port Lane.

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<h2>3. Historical Significance</h2>

One of the most unique elements of One&nbsp;Coburg Quarter&nbsp;is that it incorporates the bluestone walls which were once part of the Pentridge Prison which once sat on the site.

Her Majesty's Prison Pentridge&nbsp;was an&nbsp;Australian&nbsp;prison that was first established in 1851 and was closed in&nbsp;1997. One&nbsp;Coburg Quarter&nbsp;developer&nbsp;Future Estate&nbsp;bought&nbsp;site for $4 million in 2014 and sold it for $12.8 million in 2017.&nbsp;Future Estate&nbsp;retain a further 4.2 hectares which is part of their masterplan mixed-use community hub.

<h2>4. Location Location Location</h2>

Ideally placed to take advantage of both the&nbsp;city just a short commute away as well as more local secrets.

One&nbsp;Coburg Quarter&nbsp;has a 9/10 walk score, with a fantastic selection of shops, cafes, parks and public transport at your doorstep.

Rising on&nbsp;Urquhart Street, Coburg is surrounded by the old Pentridge Prison site, Coburg Town Hall, the farmers market and a multitude of eclectic cafes and restaurants.&nbsp;

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<h2>5. Amenities on offer</h2>

Some of the luxuries on offer in the development include&nbsp;access to&nbsp;a residents’ bar and lounge with a stone wall built-in fireplace, a kitchen and a library, as well as&nbsp;a sky garden with a barbecue, seating and city views on the top level.

Supermarkets, cafes, schools, medical clinics and multiple public transport options are just a few short steps from your front doorstep.

Plus just a couple hundred metres away are a choice selection of primary and secondary schools.

<h2>6. Timeless Design</h2>

On offer are a selection of one and two-bedroom floorplans, each with state-of-the-art kitchens. Mirrored splashbacks, integrated appliances and 4-burner gas hobs can be found in all kitchens. Matte black tapware and minimalist sinks, add a sense of timeless modernity.

The living areas feature pale timber flooring and are filled with plenty of natural light. The open plan layout gives you the flexibility to customise the space to your liking and entertain with ease.

The bathrooms also exude style – with matte black fittings, integrated vanity storage and LED lighting.

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<h2>7. Affordable Priced&nbsp;</h2>

There are 148 one and two bedroom apartments across the eight-level tower, starting from $351,000 for a 50 sqm one bedder with a storage cage.

The bigger one bedroom apartments, closer to 60 sqm, start from $469,000 with their own parking spots.

The project, developed by Future Estate and designed by architecture firm Rothelowman, only has a very limited number of its one and two bedroom apartments left, so don't miss out

jordan_55689

Seven things Urban love about One Coburg Quarter

One Coburg Quarter is set to be the newest sought-after address in the north Melbourne suburb when it is completed in a few months.

The project, developed by Future Estate and designed by architecture firm Rothelowman, only has a limited number of its one and two bedroom apartments left, with residents moving in in May after a three and a half year build.

[smartcode_project:default project_id=3783]

One of the most unique elements of One Coburg Quarter is that it incorporates the bluestone walls which were once part of the Pentridge Prison which once sat on the site.

Her Majesty's Prison Pentridge&nbsp;was an&nbsp;Australian&nbsp;prison that was first established in 1851 and was closed in&nbsp;1997. One Coburg Quarter developer Future Estate bought&nbsp;site for $4 million in 2014 and sold it for $12.8 million in 2017. Future Estate retain a further 4.2 hectares which is part of their masterplan mixed-use community hub.

There are 148 one and two bedroom apartments across the eight-level tower, starting from $351,000 for a 50 sqm one bedder with a storage cage.

The bigger one bedroom apartments, closer to 60 sqm, start from $469,000 with their own parking spots.

<a href="https://www.urban.com.au/new-apartments/one-coburg-quarter-11-urquhart-street-coburg"><img alt="" data-entity-type="" data-entity-uuid="" height="558" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/one_coburg_living_room.jpg" width="1200" /></a>

The two bedroom apartments, with 65 sqm of internal space, are priced from $541,000 with one bathroom, parking and a storage cage.

There are only five of the biggest two bedroom apartments left, with prices starting from $629,999.

Each apartment features a gas kitchen&nbsp;with stone benches, European stainless steel appliances and Matt black tapware.

Residents of One Coburg Quarter&nbsp;will have access to&nbsp;a residents’ bar and lounge with a stone wall built-in fireplace, a kitchen and a library, as well as&nbsp;a sky garden with a barbecue, seating and city views on the top level.

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One Coburg Quarter is located on the site of the former Pentridge Prison, with the development incorporating the bluestone walls.

Find out the reason buyers are snapping up the final apartments in the nearly completed One Coburg Quarter

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An 1890s landmark Victorian home in Coburg has been sold<a href="https://www.realestate.com.au/sold/property-house-vic-coburg-126759250" target="_blank"></a> for more than $3 million to a local family.
Known as Waratah or Manumbar, the five-bedroom house had been listed last year when it had a price guide of $3 million to $3.3 million.
Initially for sale by private treaty, the home was later scheduled for an April 28 auction but sold four days earlier.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-coburg-126759250" target="_blank">47 The Grove</a>, the home comes with five bedrooms, formal lounge and dining rooms, central living room and open family/meals area, and paved outdoor entertaining area.
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It also features open fireplaces with original marble mantels, contemporary and stylish kitchen, and storage spaces throughout.
Positioned on a 986 square metre block, it is surrounded by landscaped gardens.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/10/COBURG%203.jpg" alt="">
One of two mirror-image properties in Moreland Park estate, the home has been in the same family for 17 years when it sold for $730,000.
It features a tower with 360-degree views.
The sale of the home was likely to have fallen short of Coburg’s highest residential sale with a house also at The Grove sold for $3.4 million in November 2017, according to CoreLogic.
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Landmark 1890s Coburg trophy home sold

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A Sydney-based private investor with an overseas partner, has outlaid $21.3 million for a Woolworths anchored shopping centre at Coburg.
The strata-titled Coburg Hill Shopping Centre was sold with a WALE of 11 years including 14 years remaining on the Woolworths lease which accounts for 72% of the centre’s 4419 square metres GLA.
The sale was made on a passing yield of 6%.
The Centre is 97% leased with a net passing income of $1.28 million from Woolworths and the seven specialty stores including Degani and Regency Pharmacy.
According to CBRE’s Victorian Retail Investments team lead by Justin Dowers, Kevin Tong &amp; Lewis Tong the transaction represented an extremely good deal given the strata title nature of the holding.
The sale follows that of the Woolworths Group owned Keysborough South Shopping Centre which last month sold to a local investor for $33.13 million.
The property attracted 11 offers including locally based Chinese investors before the current lockdown.
Mr Dowers said the sale provided further evidence that investors continue to seek safe havens in assets underwritten by long term leases to non-discretionary spend tenants.
“This is the second sub $50 million shopping centre sale in Victoria, post COVID-19, and both have attracted significant interest from a range of local and off-shore buyer groups.
“Investors are obviously demonstrating that they have a good appetite for this sort of stock and that should give institutional owners confidence in their sub $50m retail holdings around the country,” Mr Dowers said.
The average yield of the last 10 Victorian neighbourhood centre sales is 6.15%.
<a href="https://www.propertyobserver.com.au/images/2020/6/12/Screen%20Shot%202020-06-10%20at%2012.25.20%20pm.png" target="_blank">Click here </a>to enlarge: 
<img src="https://www.urban.com.au/images/2020/6/12/Screen%20Shot%202020-06-10%20at%2012.25.20%20pm.png" alt=""> 
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Coburg shopping centre sold for $21.3 million

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The development company, Future Estate has finalised a $12.8 million Coburg sale of three lots totalling 9,203sqm of its larger Pentridge Prison site.
The holding sits amid the substantive urban renewal project, Coburg Quarter.
The purchaser, Golden Sunrise secured permits for 294 apartments across three buildings.
Future Estate purchased the distressed asset from receivers three years ago for $4 million.
“When we purchased the former Pentridge Prison site in 2014, our valuations estimated we had secured it for a third of its market value,” said Future Estate managing director, Ben Anderson.
“Now, 18 months on, we have this sale and the 250 per cent return on investment it produced to verify our initial calculations – the site which we acquired for 30c on the dollar, is actually worth $73 million.”
One Coburg Quarter, Fuure Estate's first residential building is 90 per cent sold off market.
One Coburg Quarter has 148 apartments.
Future Estate’s masterplan will see the developer transform the remaining portion of its 4.2ha site into a mixed-use residential community in which open civic spaces, professional services, a diverse retail offering and a new eat street.
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“This sale not only means our debt is reduced, it means we are able to reinvest in other ventures within the precinct and deliver the extensive public amenities we have planned, which include a micro-brewery and wine bar, up front,” said Anderson.
"Rather than have these three permit-approved sites sit there for 36 – 48 months until we are in a position to develop them, we have chosen to bring in another developer, with whom we can work simultaneously to make this community a reality."
The sale was through Colliers International and Savills.
The property was listed as for sale by expressions of interest, closing on August 10.
Future Estate and fellow developer Shayher Group own the former prison, which was once home to notorious inmates such as Ned Kelly and Squizzy Taylor.
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Pentridge Prison development site sold by Future Estate for $12.8 million

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The Victorian Government has approved the construction of new Air Apartments, which are to be built on the site of heritage-listed Pentridge Prison.
Located in Coburg at 21 Pentridge Boulevard, Pentridge Prison was first established to house criminals in 1851 and officially closed in May 1997.
The forthcoming development by Shayher Group will transform the historical prison into a mixed-use urban village for the local community.
Its approved masterplan outlines a blueprint for a diverse community comprising a range of housing styles, as well as retail and community facilities.
“The site’s centralised location makes it the perfect spot for an activated centre to enhance residents’ overall liveability, providing the opportunity to introduce new integrated residential, food and retail offerings into the existing area,” commented project spokesman Anthony Goh.
“This building is a part of our vision to create a new urban village within the iconic walls of Pentridge, attracting locals who are keen to get on the property ladder and downsizers and those who wish to live in the centre of it all - with a Palace Cinema, cafes, restaurants and retail stores right on their doorstep,” he said.
Shayher Group is ensuring future plans are in line with the site's character and heritage by investing more than $2 million through various restoration works, including restoring the iconic guard towers.
The Air Apartments contribute to the approved masterplan for the site, which requires high density to ensure it is economically viable in the long term. It also provides much-needed parking over three of its levels for residents.
“A site like Pentridge not only requires high density housing to ensure its economic viability in the long term, but it is also suitable for a higher density development due to its close proximity to public transport infrastructure, shops and schools, thereby reducing the number of cars on our roads and encouraging residents to walk to nearby facilities,” Goh added.
The next stage will be the commencement of the retail precinct and Adina Hotel, which will directly contribute to the estimated 8000 jobs that will be generated thanks to the redevelopment. 
These projects are currently being assessed by the Moreland Council and Heritage Victoria.
“The Victorian Government’s decision to approve the Air Apartments will ensure the site’s heritage will be celebrated, while being enjoyed by the wider community for many years to come, as will the mixed-use retail precinct and Adina Hotel once approved,” Goh said.                     
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Pentridge Prison site approved for Air Apartments

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Waratah or Manumbar, one of a pair of mirror-image mansions in Coburg, has been listed for sale.
Offers close November 21 for the 1890s heritage-listed house at <a href="https://www.realestate.com.au/property-house-vic-coburg-126759250" target="_blank">47 The Grove</a> which last sold for $730,000 in 2000.
The property, which has a price guide of $3 million to $3.3 million, was designed by architect TJ Crouch.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/1/Coburg2.jpg" alt="">
It was renovated in 2007, extending the home on its 932sq m landscaped gardens lot.
It has wraparound verandas and balconies, tower, stained glass windows, ornate plasterwork, decorative breezeways, intricate cornicing, and open fireplaces with original marble mantels.
It last sold 17 years ago.
Nelson Alexander Coburg’s Jacqui Knapsey has the offering.
 
 
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Coburg mansion, built as a mirror-image of next door, listed for sale 

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The 344-346 Sydney Road, Coburg (pictured below) premises have been leased to Permit Point Building Consultants for use as an administration office.
The 380 square metre building was leased on a 5 + 5-year lease term returning $55,000 per annum equating to $145 per square metre.
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Craig McKellar of CVA has also just leased retail premises located at 3 Everage Street, Moonee Ponds.
It was leased for $28,800 per annum to a construction company for office administration purposes equating to a building rate of $288 for the 100 square metre premises.
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