mixed-use precinct

Orchard Piper have teamed up with Corsair Investment Management in a deal that will see a luxury $400 million mixed-use precinct developed at 7-11A and 17-19 Carters Avenue, progressing the developer’s plans to add $550 million worth of residential, commercial and retail development in Melbourne’s sought-after, Toorak.

The joint venture comes after the 3,600 sqm well-known Mercedes Benz site was acquired by the developer in May for $67 million.&nbsp;

In a bid to regenerate Toorak Village as a thriving high street, Orchard Piper Director, Luke McKie said the partnership is only bolstered by the Buxton family’s six generations of property history.&nbsp;

“Corsair align and support our design-led approach to architectural development. They bring a rare level of expertise and knowledge together with 100-plus years of multi-generational experience represented by the Melbourne based, Buxton family name,” McKie said.

<img alt="aerial shot of the site" data-entity-type="file" data-entity-uuid="393d700c-a526-476c-a4ed-36a967eb0fe9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/7_11_Carters_Ave_Wide_23.jpeg?VersionId=RZfMnvX8yIJE8OQWufUjiGlDly3DaAwL" />Aerial image of the Toorak site. Image supplied.&nbsp;

Orchard Piper are due to commence discussions with Stonnington Council in the first half of 2023 to inform the design submission, as the development marks just one of four projects penned for the area, forming part of its $800 million pipeline scheduled for annual completion over the next five years, adding to their already $1.1-plus billion portfolio.

With $200 million worth of projects previously completed in Stonnington alone, the development will see a high-end, architecturally significant, residential development delivered, complemented by hospitality, retail and strata commercial, suited to local owner-occupiers.&nbsp;

A distinctive offering for the suburb, the project will also include full concierge services and amenities for residents, including a pool and a gym.

“We have again appointed highly regarded and world renowned, Kerry Hill Architects to design the precinct, which will arguably become the most high-end building for Melbourne’s most affluent suburb,’ said McKie.

“Landholdings of this scale and proximity to the Village are incredibly rare. We will take our time 
designing this project to ensure we achieve an architectural response befitting of the significance of this opportunity.”

Orchard Piper have been progressively building a significant stake in Toorak Village’s revitalisation with the culmination of ten individual titles acquired since 2019, bringing the developer’s land holdings in the Village in excess of 5,000 sqm.&nbsp;

Well-positioned to brace market uncertainties, the joint venture brings a unified position to the market, and to future plans for the Village, further complemented by Orchard Piper’s own $150 million luxury mixed-use project located at the corner of Toorak and Mathoura Road, as well as Vicland’s $600 million office and retail tower due for completion in early 2023.

Corsair Executive Chairman, Michael Fowler said the group is underpinned by family values, with a proven track record within the niche area of high-end development.&nbsp;

“We have an in-depth understanding of the landscape, nuances, pressures and opportunities of the current market,” Fowler said.&nbsp;

“With Orchard Piper’s unrivalled reputation and brand not only within Stonnington but across Melbourne, our joint venture will offer a unique opportunity for luxury living that is bound to re- energise the Village’s status and identity as one of the most lucrative streetscapes in Australia.”

[smartcode_project_cta:default project_id=113160]

Orchard Piper have been progressively building a significant stake in Toorak Village’s revitalisation with the culmination of ten individual titles acquired since 2019, bringing the developer’s land holdings in the Village in excess of 5,000 sqm. 

alisonwarters@gmail.com

Former site of Mercedes-Benz Toorak set for $400 million transformation 

The Lechte Corporation has completed construction on their latest residential development, The Marker.&nbsp;

Located at 512-544 Spencer Street, the $87 million project comes to the rapidly growing and diversified suburb of West Melbourne, as the area only continues to grow as a sought after place to live.&nbsp;

The Marker’s completion arrives as West Melbourne is emerging as a hotspot for community and cultural activity, with the City of Melbourne’s 2018 West Melbourne Structure Plan seeing the suburb’s industrial context transformed into a buzzing community with green space, walking and cycling routes, residential offerings and service-based businesses over the past four years.&nbsp;

Designed by renowned architecture firm, Plus Architecture, the 31,260 sqm mixed-use community is centred around the principles of sustainability and village-style living, with the residences set across a dual structure.

<img alt="The Marker" data-entity-type="file" data-entity-uuid="3b270546-f120-45c1-875f-40f99da546fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PlusArchitecture_TheMarker_23_0.jpeg?VersionId=RwmoFEBqh8ykWd62QLebqU90GGioWm9v" />

Named Roden and Spencer &amp; Stanley, the two towers sit side by side, delivering a total 195 apartments across eight-storeys, with each benefitting from shared amenity and retail offerings on the ground plane, with lush greenery uniting them both.&nbsp;

A culmination of a 20-plus year relationship between Plus Architecture and Lechte, The Marker was born from a joint vision to bring a statement of quality, liveability and scale to transform West Melbourne into an emerging and established precinct for modern living, according to Plus Director, Ian Briggs.&nbsp;

“Our design for The Marker seeks to provide not only a home for its residents but to become a thriving village-like destination that deeply connects and respects the heritage and future direction of West Melbourne. Our granular design is both aspirational and familiar; a place to call home, experience the city and build community,” Briggs said.&nbsp;

Defined by its sculpturally curved, landscaped upper levels, stacked above a cubic built form, Roden offers 50 residences and makes a statement for high-end urban living, featuring open-plan layouts designed for active downsizers.&nbsp;

Adjacent, Spencer &amp; Stanley’s delivers the remaining 145 apartments, with a mix of one, two and three-bedroom apartments, which draw inspiration from the nearby homes and warehouses. Featuring sawtooth rooftops, exposed brickwork and textural brick pillars and tapered balconies, the Spencer &amp; Stanley apartments have attracted interest from a broader range of buyers, from young families to working professionals.&nbsp;

Showcasing sweeping views of the city skyline and local area, The Marker’s residences enjoy an abundance of natural light and are complete with quality finishes, including stone benchtops, European oak floors, bespoke wood cabinetry and joinery as well as Miele appliances.&nbsp;

Lockable storage cages and individual bicycle bays are available for residents, in addition to an enclosed courtyard with native rainforest plants, a private club and a library lounge designed for cocktail parties and business meetings.

<img alt="The Marker" data-entity-type="file" data-entity-uuid="9e774779-9613-4e75-bef9-04e44568fd3f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PlusArchitecture_TheMarker_24.jpeg?VersionId=CwSIUfHwgWUVK4s5evBWA2enA5ONuWCs" />

Emulating Melbourne’s laneway and courtyard culture, a number of generously landscaped private common areas and internal passageways are scattered across the site, with a street presence created at the ground floor, with retailers including a full-line ALDI supermarket and a selection of specialty cafés and retailers.

With its close proximity to the city, employment hubs, hospitals, education, expanding green spaces and government and private business support, West Melbourne is set to continue to be a strong drawcard for design-led young professionals, downsizers, and savvy investors looking to capitalise on the high growth seen in the area’s property market.&nbsp;

The transformation of West Melbourne has paved the way for the suburb’s emerging identity as a hub for economic vitality, with data showing West Melbourne’s population has more than doubled since 2011.

Lechte Director, Christopher Paul said The Marker is poised to be the face of a new, revitalised West Melbourne, driving a more socially diverse and culturally inclusive neighbourhood that extends the limits of the nearby CBD.&nbsp;

“With a key focus on sustainability and community, the site will act as a landmark for a hub of social activity and fervour underpinned by a strong sense of place,” he said.&nbsp;

Apartments in the Spencer &amp; Stanley towers are already sold out, with a limited number of one and two-bedroom apartments remaining in the Roden building, priced from $499,000.&nbsp;

[smartcode_project_cta:default project_id=25099]

The transformation of West Melbourne has paved the way for the suburb’s emerging identity as a hub for economic vitality, with data showing West Melbourne’s population has more than doubled since 2011.



Construction wraps on $87 million West Melbourne residential precinct, The Marker

Multiplex has reached a major construction milestone on S P Setia’s Sapphire by the Gardens development, topping out&nbsp;both high-rise towers in the mixed-use precinct in Melbourne’s CBD.

Located on the corner of Exhibition and La Trobe Streets, the towers soar 232 and 220 metres above street level, designed by the renowned Fender Katsalidis in collaboration with Cox Architecture. &nbsp;

The project comprises a 62-level 5-star flagship Shangri-La Hotel, along with a 60-level residential tower, housing 325 apartments.

[smartcode_project:default project_id=4470 project_image_fid=30572]

S P Setia’s President and CEO, Datuk Choong Kai Wai, said the completion of Sapphire by the Gardens and the Shangri-La hotel marks the group’s fifth significant development within Melbourne.

“We are thrilled to see this iconic development come to life and stimulate thousands of local jobs during and after construction,” Wai added.

Multiplex’s Regional Managing Director, Graham Cottam, said the construction of the two towers simultaneously took exceptional planning and management to deliver.

“Especially when facing construction and engineering complexities like the iconic sky bridge, 46-storeys in the air,” he added.

The Skybridge design posed construction challenges, with Multiplex creating a temporary protection deck beneath it to enable safe working access. This deck cantilevered out from the building and sat between two large trusses.

The 500-room hotel will be joined to the residential tower via the unique Sky Lounge on Level 46, featuring a glass floor that overlooks the UNESCO world heritage listed Royal Exhibition Building and its surrounding Carlton Gardens.

With a striking façade featuring champagne gold fins, the hotel&nbsp;will also deliver the largest ballroom space in Melbourne’s CBD.

Shangri-La Melbourne will offer a variety of guestrooms, including family rooms, Horizon Club guestrooms, Premier and Presidential Suites, as well as a range of bars and restaurants with alfresco dining, expansive conference facilities, a spa, gym and wellness centre and an indoor heated pool.

The apartment tower will include an activated podium with overhanging plants over terraced podiums integrated into the façade, along with two-floors of residential amenity, including a heated infinity edge swimming pool, a gym, sauna, sky lounge, a cinema, a karaoke room, chef’s kitchen and a lounge with a fireplace.

The first residents are expected to move into the apartments by October this year, with construction of the precinct on track for completion in early 2023, while the Hotel will welcome its first guests by 2024.

Multiplex has completed several new residential projects in Melbourne in recent years, including the recent ‘wave-like’ Premier Tower, as well as the Southern Hemisphere’s highest residences with the 100-storey, Australia 108.

[smartcode_project_cta: project_id=4470]

The project comprises a 62-level 5-star flagship Shangri-La Hotel, along with a 60-level residential tower, housing 325 luxury apartments.



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