Two towers of 30 and 21 storeys designed by Fender Katsalidis have been approved for Melbounre’s inner-city suburb of South Yarra.
Described as “the largest build-to-rent development ever to receive a permit in Australia,” the $500 million project will deliver 625 units and 2,400 square metres of office and retail space. The larger tower on Yarra Street will include 382 build-to-rent apartments and 2,000 square metres of commercial office space and the 21-storey tower on Claremont Street will provide 243 “fully furnished, flexible living apartments.”
“Our design centres on integrating build-to-rent and flex housing into the character of South Yarra’s Forrest Hill precinct through the incorporation of amenity and a focus on the site’s context,” said James Pearce, director at Fender Katsalidis. “The towers will be distinct but achieve cohesion using colours and materiality.”
The South Yarra build-to-rent development by Fender Katsalidis.
The podium includes a pedestrian through-link that aims to contribute to the precinct and neighbourhood amenity while the two towers above are described as “a composition of interlocking, elegant slender forms that maximise views for residents.”
The developer behind the project, Greystar, says the towers will contribute to housing diversity. “The City of Stonnington has worked closely with us to understand the nuances of the build-to-rent model, and as a result, we have collectively delivered our shared vision of a truly innovative development plan.”
