Located 1.5 kilometres from the CBD, East Melbourne is a prestigious residential suburb - primarily owing to its high standards of Victorian-era housing and recreational amenities, including proximity to the city, Melbourne Cricket Ground and Fitzroy Gardens.
The Park Residences have been designed by a well-known architect, Robert Mills, and will partially retain the existing building façade, in addition to extensive use of red bricks and dark feature cladding. Gardens and landscaping has been designed by Jack Merlo.
The development will comprise a 3 level building constructed over a basement car park with 3 luxury apartments and will incorporate luxury finishes, an individual basement level temperature-controlled cellar, fully fitted theatre room and large storage rooms. The penthouse is designed over two levels and will incorporate internal lift access in addition to City views from the top level.
The purpose of this Syndicate-Fund is to assist with the refinance of an existing land debt facility and to provide construction funding for the development.
Estimated development progress as at 02 December 2020