A commercial mini city beckons as Melbourne's southeast flourishes

City of Monash planners have recommended that Singapore-backed Frasers Property Australia along with project partner Commercial & Industrial Property (CIP) be allowed to proceed with a multi-staged commercial development that would become one of suburban Melbourne's largest.

Subject to a raft of conditions, the proposal which includes in excess of 60,000sqm of commercial office space is poised to account for a vacant site at 254-294 Wellington Road, Mulgrave. With a development cost of $120 million, the scheme displaces Peters Ice Cream which have occupied the site since 1964.

Peters have moved the bulk of their operations to an adjoining complex, allowing Frasers and CIP to roll out plans for a portion of the 133,259sqm site.

Four separate 8 storey commercial buildings are envisaged; each includes between 13,739sqm and 15,692sqm of leasable space. Designed by Max Architects, 254-294 Wellington Road also sees four multi-storey car parks with an accumulated 2,497 parking spaces, provisions for bicycle parking in each building and a cafe/food tenancy within the ground level of each office building.

An existing heritage building fronting Wellington Road will be maintained and amalgamated into the development.

211 Wellington Road's Building C. Image: Colliers

The developers play for the vacant 254-294 Wellington Road parcel comes months after work wrapped up on 211 Wellington Road.

Diagonally opposite the Peters site, 211 Wellington Road is a mixed-use project primarily consisting of three commercial buildings. Mazda National Headquarters, Monash University, BSN Medical and BMW Finance are the headline tenants within the project.

Falling under the Monash National Employment and Innovation Cluster which sees Melbourne’s largest concentration of jobs outside the CBD, Frasers and CIP will be hoping that the success of their 211 Wellington Road project is repeated at their new, and considerably larger commercial development across the road.

As large as it is, 254-294 Wellington Road is not the sole commercial development currently on the radar in the area.

Goodman Group and Salta Properties latest offerings within Monash

Also in Mulgrave, builder Hacer has recently taken on 10 Nexus Court. The 6,000sqm Gray Puksand-designed building is the latest commercial project under construction for Salta Properties within their sprawling Nexus Corporate Precinct.

As that precinct is rounded out by 10 Nexus Court, Salta Properties will move their attention to an adjoining development site at 647 Springvale Road, with an eye toward additional commercial offerings.

Meanwhile Goodman Group is seeking tenants for dual new office buildings within their Ferntree Business Park at 296-324 Ferntree Gully Road, Notting Hill. Buildings Buildings D + N are in the pipeline, and may add as much as 14,500sqm of space to that particular precinct.

Ferntree Business Park is also set to host a Quest serviced apartment complex according to current construction tenders for that particular project.


Development & Planning

Monday, August 21, 2017 - 00:00
Considering the sheer volume of apartment projects Melbourne has absorbed over recent years, the rate of failed projects is comparatively miniscule. Very few apartment projects that launched their respective sales campaigns over the last five years failed to progress to construction.

Policy, Culture & Opinion

Wednesday, August 9, 2017 - 12:00
Carolyn Whitzman , University of Melbourne Liveability is an increasingly important goal of Australian planning policy. And creating cities where residents can get to most of the services they need within 20 to 30 minutes has been proposed, at both federal and state level, as a key liveability-related mechanism.

Visual Melbourne

Thursday, August 10, 2017 - 12:00
Part Three follows on from the Part One: Yarra's Edge and Part Two: Victoria Harbour. The focus of today's piece will be NewQuay and Harbour Town, the northern most precincts within Docklands. NewQuay NewQuay was the first precinct to open way back in 2003 and has probably evolved the most.


Transport & Design

Thursday, August 17, 2017 - 07:15
CBRE in recent weeks has begun marketing a development site at 118 City Road in Southbank which has been branded as 'Flagship'. The 6,191sqm site is currently home to a BMW dealership and showroom, and has significant potential to add to what is set to become on of the densest city blocks in Melbourne, boasting towers of 200m through to over 300m.

Sustainability & Environment

Monday, August 21, 2017 - 12:00
The notion of Melbourne becoming a 20-minute City has been explored heavily in recent times. Seeking to provide Melburnians with the ability to 'live locally', the 20-minute City, in essence, strives to provide people with the ability to meet most of their everyday needs within a 20-minute walk, cycle or local public transport trip of their home.