Gramercy Terraces hits 50 percent sold in the leafy east pocket of Richmond
The inner-city development, Gramercy Terraces has hit 50 per cent sold.
The terraces are part of the boutique offering for Lendlease Retirement Living, forming part of the broader intergenerational living precinct in Melbourne’s inner-city, on the well-known Bendigo and Khartoum streets in Richmond.
Upon completion the project will comprise 31 three and four level, three and four-bedroom freehold terrace homes, complete with full voids that maximise natural light, some with backyards and rooftop terraces with city views.
A lot of the new homes were snapped up before construction even began, however a number of three-bed terraces are still available in the development.
The development has attracted a strong mix of owner-occupiers and downsizers seeking the dynamic inner-urban lifestyle that Gramercy Terraces offers.
Lendlease said they had also seen an uptake in stock from young families, with many drawn to the convenience and locality of Gramercy Terraces.
“Purposefully designed with families, couples, downsizers and investors in mind, we have seen a strong demand for this product to date with only 15 terraces now remaining,” a Lendlease spokesperson said.
Gramercy Terrace adds the residential component of Lendlease’s intergenerational living precinct, which neighbours Ardency Kennedy Place - Lendlease’s five-star luxury retirement living community currently under construction.
A new onsite café and provedore and the existing Richmond Community Learning Centre will also sit alongside Gramercy Terraces in the precinct, with future residents benefitting from amenities on their doorstep.
Residents will be within close proximity to a number of trendy restaurants, cafes and boutiques which take up shop along the bustling Swan Street, while also maintaining easy connection to the rest of the city from Burnley Station.
The architectural design draws inspiration from the iconic Federation-era red brick of Bendigo Street and pays homage to the former site of the Nine Network studio and the Wertheim Piano factory, Victoria's first piano factory.
Construction of the final residences began in the first half of this year, with future residents expecting to move in by late 2023.
The residences are priced from $1.85 million, with floor plans ranging from 193 sqm to 215 sqm, with individual balconies and generously-sized rooftop terraces.
Prospective buyers can even check out the Gramercy Terraces display which is open by appointment seven days a week.