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Riverlee eyes Swan Street for Richmond's next major development

Developer Riverlee is hoping to add to City of Yarra's substantial commercial development pipeline by way of a mixed-use, multi-storey building at 484-486 Swan Street.

Utilising entity Killara Quest Pty Ltd, Riverlee has applied to deliver a major commercial and retail building spanning 14 levels which would be located adjacent to Burnley Station. Technè Architecture and Interior Design have conceived the design, marking their first high-rise project within the Urban Melbourne Project Database.

Aside from twelve floors of dedicated office accommodation, the project would also include five separate food/drink tenancies, including one which spans the entire first floor. Technè have a particularly strong background in designing hospitality spaces.

According to planning documents, various parties have shown interest in the office and restricted retail spaces although none have formally committed to the lease. 

484-486 Swan Street application summary

484-486 Swan Street adjacent to the rail line. Planning image: Technè
  • Lodged June 2017
  • Combined site area: 2,334sqm
  • Current use: low-rise commercial
  • Proposed 14 storey development at 56.8 metres in height
  • GFA: 25,655sqm
  • Commercial office space: 13,623sqm
  • 1 retail tenancy of 226sqm & 5 food/drink tenancies amounting to 2,170sqm
  • 155 car parking spaces within a 3 level basement
  • 240 bicycle spaces
  • 4 separate outdoor terraces
  • Estimated cost of development: $42 million

Urbis planning statement

484-486 Swan Street is located in one of Richmond’s most prominent areas, which is renowned for its economic diversity. The rich history of industrial uses still lives strong today, but has encouraged other forms of commerciality to the area, such as hospitality, retail, showrooms and large corporate offices.

The proposed development recognizes this site’s opportunity for a precedent setting architectural gesture. The proposal acknowledges its role within a largely activated and dynamic communal context, as a catalyst for functional and amenity driven program.

The building’s proximity to public transport and location on the street, provides ideal conditions for a ‘transport hub’ offering, contributing a significant portion of its ground plane, for public through block connections, uses encouraging activation and visitors beyond those of the office building, and meaningful landscaping.

484-486 Swan Street in a future built form context. Planning image: Technè

Swan Street becomes increasingly popular

Other developers are also looking to transform Swan Street in line with the Swan Street Structure Plan

Adjoining 484-486 Swan Street, Elenberg Fraser have designed a sizeable scheme for 462-482 Swan Street. The predominantly residential development for Bamfa Properties includes in excess of 200 apartments and 3,400sqm of retail space.

Also at planning is 370-374 Swan Street with over 14,000sqm of office accommodation earmarked for the project. Add a raft of smaller commercial and residential developments in progress and the area particularly around Burnley Station is leading Swan Street's push as a new higher density frontier.

484-486 Swan Street development team

  • Developer: Riverlee (Killara Quest Pty Ltd)
  • Architecture: Techne Architecture and Interior Design
  • Urban Context Analysis and Design Response: Techne Architecture and Interior Design
  • Planning Report: Urbis
  • Traffic Impact Assessment: Ratio Consultants
  • Sustainability Management Plan: Arcadis
  • Waste Management Plan: Ratio Consultants
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