AUSCO affirms Cheltenham's emergence as an apartment hot spot

AUSCO affirms Cheltenham's emergence as an apartment hot spot
Mark BaljakJune 2, 2017

Cheltenham is steadily ascending the ranks in terms of apartment numbers in development, with the suburb's latest sizeable project now on public display.

1234-1236 Nepean Highway is located immediately next to City of Kingston Council's municipal office and looks to eclipse the commercial building for size. Developer/builder AUSCO Investment Group is looking to construct an 11 storey mixed-use building containing 126 apartments and 3 office spaces, one of which crowns the prospective building.

The Cheltenham project also adds to AUSCO's strengthening portfolio of apartment projects across Melbourne's South Eastern suburbs. 

Bentleigh, Oakleigh South, Malvern East and a Murrumbeena duo join Cheltenham as suburbs in which AUSCO have active apartment projects.

AUSCO affirms Cheltenham's emergence as an apartment hot spot
Cheltenham's latest major apartment development. Planning image: Bruce Henderson Architects

The Bruce Henderson Architects-designed 1234-1236 Nepean Highway is the latest large apartment development in the offing for Cheltenham.

Spanning a 1,920 square metre site and with a 38 metre frontage to Nepean Highway, two low-rise building are set to make way for the project. The prospective yield is split between 53 one−bedroom apartments, 68 two−bedroom apartments, 5 three−bedroom apartments and a total of 1,016 square metres of office space.

AUSCO Investment Group would look to occupy the tenth level office floor according to planning details.

The arrival of 1234-1236 Nepean Highway further highlights the development transformation occurring within the suburb. Although not a haven for high-rise projects, Cheltenham continues to attract an increasing number of projects which are in the low and mid-rise category.

AUSCO affirms Cheltenham's emergence as an apartment hot spot
19 Hall Street, The Village and Ilixir at construction

Urban.com.au's Project Database is keeping tabs on 16 separate apartment developments across Cheltenham. 

The near complete Ilixir, 19 Hall Street and The Village Cheltenham which was in hiatus but is now active once more constitute the trio of major apartment projects which are at construction. Of the 16 projects which amount to near on 1,000 apartments, 347 are at construction.

Four further projects are at Registrations and Sales within Cheltenham and are likely to add a further 148 apartments to the suburb's stock.

Whilst the balance of upcoming Cheltenham apartment projects are generally smaller in stature, there still remains scope for some noteworthy development.

Ewert Leaf for instance are working with developer Steller to realise 13-15 Chesterville Road. According to the architect's website, a mixed-use project will account for the 2,332 square metre site.

AUSCO affirms Cheltenham's emergence as an apartment hot spot
Chester is another Bruce Henderson Architects design within Cheltenham. Image: CastranGilbert

Mark Baljak

Mark Baljak was a co-founder of Urban.com.au. He passed away on Thursday 8th of November 2018 after a battle with cancer. He was 37. Mark was a keen traveller, having visited all six permanently-inhabited continents and had a love of craft beer. One of his biggest passions was observing the change that has occurred in Melbourne over the past two decades. In that time he built an enormous library of photos, all taken by him, which tracked the progress of construction on building sites from across metropolitan Melbourne.

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