Cremorne

Cremorne&#39;s gentrification has gained further momentum with the addition of Everlane strata office suites.

CostaFox has launched its second premium strata office complex in the inner Melbourne suburb.

The strata offices will range in size from 68sqm to whole floors at 613, with prices from $845,000.&nbsp;

Everlane will be diagonally opposite the first project at 22 Gordon Street, Cremorne.&nbsp;

The suburb, set between Goschs Paddock and Chapel Street, was an industrial suburb.

Construction of The Malt District, a $1 billion redevelopment on the Nylex Clock site in Cremorne, is the biggest project having been commenced in 2018 by the developer Caydon.

Caydon&#39;s initial project was a nine-level office tower, and then 12 and 15 stepped-level Coppins Corner tower.

With more than 200 residential apartments, the apartments have been priced from $462,000 for one bedrooms, two bedrooms from $695,000 and three bedroom apartments from $1.4 million.&nbsp;

&quot;This gentrifying Cremorne pocket has evolved into an epicentre for work, health and wellbeing and social congregation,&quot; managing director Michael Fox noted.

<img alt="" height="1600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/22_gordon_st_2.jpg" width="1200" />

The new project features 14 strata office suites on the top three levels of the eight storey building with city views.

The building was designed by Fieldwork, with interiors by Mim Design. The landscaping will be by openwork.

It features premium club-like end of trip facilities, although it is expected some workers will reside in the Malt District.

Fox advised it was &quot;a sustainable and technologically advanced smart building for the future.&quot;

Development director, Geno Hubay said that CostaFox had a view that &ldquo;many tenants would prefer to be owner occupiers post COVID with many companies wanting to control of their own destiny.&quot;

The office suites, which come with at least one secure car space, are listed through Colliers International agent Ben Baines, Ted Dwyer, Raphael Favas and Chris Ling.

CostaFox sold its initial strata office development project in one line to Bayley Stuart in November 2019 for $50 million.

Cremorne's gentrification has gained further momentum with the addition of Everlane strata office suites to the precinct

jchancellor

Cremorne's gentrification gains further momentum with Everlane strata office suites

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Hong Kong-based expats Karma Wilson, investment director, equities at HSBC Global Asset Management, and Nigel Tupper, Bank of America Merrill Lynch strategist, are seeking between $15 million and $16 million for their Federation Cremorne trophy home through McGrath agents Michael Coombs and Piers van Hamburg.
It was sold to the Wilson-Tuppers in 2006 for $4,355,000.
<a href="https://www.realestate.com.au/property-house-nsw-cremorne-121590986" target="_blank">The three-storey Bertha Road residence</a> comes with billiard room, cellar, study, formal and informal living areas. There is a pool and separate guest house on the double-block 1670 square metre holding.
It was previously home to the late monarchist Lloyd Waddy, a World War II ace fighter pilot and state Liberal member for Kirribilli.
Waddy had bought the property in 1955 for 9250 pounds.
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jchancellor-FAypfDUnLy

Cremorne trophy home with $15 million hopes

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A warehouse – marketed as being suitable for owner-occupation, investment or development – has come onto the market in the Melbourne suburb of Cremorne. 
Located at 132-134 Dover Street, the 501 square metre site has a 23 meter street frontage.
It comprises a 473 square metre single level warehouse building, with an office component and roller shutter door access.
Zoned Commercial 2 under the City of Yarra Planning Scheme, the property is approximately two kilometres from the Melbourne CBD.
Matthew Feld and Michael Taylor, from Teska Carson, listed the property.
It will be sold by expressions of interest, closing March 19.
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Cremorne warehouse suitable for private living hits market 

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A crystalline commercial building fit for the new knowledge economy is set for Melbourne's Cremorne.
ICON Developments and architects Wood Marsh have gained development approval for the eight-level office building.
It comes with ground-floor retail, on a prime site on the corner of Balmain and Church streets.
Providing for 5,264 square metres of office space and 535 square metres of retail space as well as a rooftop terrace, the light-filled design takes its inspiration from the facets of a cut diamond or shattered ice, explains Wood Marsh director Roger Wood.
“The new business paradigm is one of transparency and shining light onto thinking and ideas. That’s what our design reflects. We were interested not only in the way light refracts through cut stones such as diamond but also in the strength of diamond, and that’s how we developed the facade.”
“What we’ve tried to do is craft the building with set-backs incrementally folding away from the street so it looks like a sculpted object. It has the muscularity of an industrial building but it also has the translucency of a cut diamond.”
The new building’s 600 Church Street site, previously occupied by the low rise Nuttelex warehouse, is a major landmark when coming towards the suburb from the Yarra River, and, according to Wood, deserved an architectural response of distinction.
It will be double glazed, reflective and highly rated for energy conservation.
The building’s other amenities include a rooftop garden so that people working in the building can have lunch in the open or socialise after work.
That rooftop level was recently a matter for the Victorian Civil and Appeals Tribunal, which overturned the City of Yarra’s modifications and approved Wood Marsh’s original design. For Wood, the VCAT decision sets an encouraging design precedent.
“VCAT recognised the architectural quality of the building. In an unprecedented move, the tribunal adjourned early and effectively ruled that the design deserved to go ahead without being tampered with,” Wood explains.
“It’s important to note that our appeal really was about the design: it’s not like we were trying to double the height of the building. Hopefully council sees that as a positive result and that if they get good quality architecture being brought forward then it should be supported.
“There are a lot of good architects in Melbourne and I think the outcome is encouraging for good quality architecture not just in Cremorne but throughout Melbourne.”
Developer ICON has been based in Cremorne for almost 20 years. Chief executive Ashley Murdoch says the new building will be a worthy addition to a suburb on the rise.
“As a hub for tech-focused companies and those in the creative industries, Cremorne needs more of the kind of thoughtfully designed commercial space we are putting forward here. Wood Marsh’s design is highly innovative and shows great integrity in the way it contrasts a contemporary response with the area’s industrial heritage,” Murdoch says.
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Architecturally-designed crystalline building approved in industrial Cremorne, Melbourne

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A local private purchaser has snapped up four adjoining terrace houses in Melbourne's Cremorne.
There was a strong contest between owner-occupiers and developers for 102-106 Stephenson Street.
It sold under the hammer for $7.1 million after bidding started from $6,300,000.
Four adjoining property owners joined forces to sell their properties as one large, 546 square metre Commercial 2 zoned development site.
The eventual land rate of $13,003 per square metre sets a new benchmark for Cremorne commercial development opportunities, Colliers suggested. 
Land values in the prime city fringe hot spots of Richmond and Cremorne, as well as nearby Collingwood and Abbotsford, have almost doubled in the last two years, from circa $5,000-$7,000 per square metre two years ago to north of $11,000 per square metre for Commercial 2 zoned land.
A nearby permit-approved, 1,579 square metre corner site at 71-93 Gipps Street in Collingwood has already attracted more than 100 enquiries and interest in the vicinity of $17 million.
It is an immediate development prospect for an 11 level, Hayball-designed office project.
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Four Cremorne neighbours combine to secure $7.1 million

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Steve McCann, chief of the international property group Lendlease, has listed his four level Cremorne property.
The harbourfront comes with five bedrooms, four bathrooms, two offices and a library. The property features numerous terraces leading to the boatshed with slipway, plus a 100-year-old sandstone tidal pool.
He bought the then newly completed home from Platino's George Revay. The home, on 859 sqm on the southern shores of Long Bay, was bought in 2009 for $5.6 million, shortly after becoming the group's chief executive. 
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-cremorne-nsw-2090/280604" target="_blank">Piers Van Hamburg of McGrath Neutral Bay</a> has the listing with $6 million plus price guidance. Offers close December 7.
This article was first published in the Saturday Daily Telegraph.
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Lendlease CEO Steve McCann looks to sell in Cremorne

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A five level Cremorne office complex is up for sale ahead of its expected completion in 2017.
The property at <a href="https://www.commercialrealestate.com.au/property/16-dover-street-cremorne-vic-3121-2013091281" target="_blank">16 Dover Street</a> has floor spaces available with offices ranging from 65 square metres to 790 square metres, all with external terraces included.
There is also a secure onsite car parking available per office with the optional choice to add more car spaces for a cost.
The Bialkower family is selling the strata office space off the plan in a $7 million development having previously focused on industrial projects.
<img src="/images/2016/10/03/16%20Dover%20Street.jpg" alt="" style="font-size: 12.16px; line-height: 1.3em;">
It has been marketed as "the perfect SMSF purchase suitable for businesses with three to 70 staff members".
For a limited time stamp duty savings and tax benefits are available through CBRE.
It was previously a <a href="https://www.realestate.com.au/property/16-dover-st-cremorne-vic-3121" target="_blank">warehouse</a> prior to its redevelopment.
Figures compiled by CBRE show strata office values in Melbourne have risen 10 per cent to 15 per cent in the last year to range from $7000 to $11000 per square metre, making them comparable with the returns achieved on residential apartment developments.
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Off the plan Cremorne office space for sale

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The largest available office floor in the burgeoning inner-city commercial precinct of Cremorne, Melbourne has sold for $3.15 million.
Fitzroy agents Chris Kombi and Rob Harrington sold the vacant property on the ground floor of <a href="https://www.realcommercial.com.au/property-offices-vic-richmond-502062242" target="_blank">159-161 Cremorne Street</a> via an expressions of interest campaign.
The 704 square metre property comprises a versatile floor plate with subdivision potential, with a 30 metre frontage to Cremorne Street and frontage to private communal gardens, and features abundant natural light from two sides and 18 car parking bays on title.
Kombi said the high quality and flexibility of the offering attracted enquiries from investors and owner occupiers.
“The space offered the tremendous efficiencies of operating on a single level, in communication, team output and cost, and also offered a projected fully-leased income of around $290,000 per annum,” he said.
“Located in a rapidly developing city fringe location, the property presented an opportunity for significant future capital growth.”
The property forms part of the mixed-use development ERA, which comprises three levels of commercial office space, a café, 140 apartments, 15 townhouses and 262 secure basement car parking bays.
Harrington said the Cremorne precinct has experienced rapid development in recent years and is now a hub of activity encompassing an exciting mix of commercial, residential and hospitality uses.
“Amenities surrounding the property are extensive, and it is only a short distance from the popular retail precincts of Swan Street and Church street and public transport facilities including Richmond Train Station and multiple tram and bus routes,” he said.
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Largest Cremorne, Melbourne office floor sold for $3.15 million

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One of Sydney’s oldest hotels, Cremorne Point Manor, has just undergone a full makeover for about $1 million, combining modernity with heritage.
The upgrade was the first for the <a href="https://www.cremornepointmanor.com.au/" target="_blank">four-star hotel</a> in more than a decade. The full décor sweep includes all 29 bedrooms, bathroom and communal guest area. 
Hospitality entrepreneur Jean Claude Branch incorporated quality bedding, interiors and accents in each room and common rooms while maintaining affordable nightly rates. 
Jean-Claude has a carved a niche for himself in restoring heritage buildings which include Dalziel Lodge and Glenferrie Lodge.
<img src="/images/2016/09/13/CPM%20King%20Suite1.jpg" alt="">
As the hotel is a heritage building, Jean Claude commissioned Aboriginal artist Winston Walford to create artwork, reproduced into handmade mosaic tiles. 
The tiles are 6 meters long and 2.7 meter high. There are approximately 65,000 hand-laid tiles: 6 meters long x 2.7 meters high with nearly 65,000 x 2 cm hand laid tiles.
Winston also utilised his signature right thumbprint image to form glass mosaic tiles. The tiles faithfully replicated the original artwork as painstakingly hand laid in Huizhou, China. The process took three artisans eight weeks to complete, working full time to perfect the installation in the main guest dining room.
“The renovation, while not absolutely required, was part of our ongoing need to provide the best possible guest experience,” said Jean-Claude. 
 <img src="/images/2016/09/13/CPMArtwork2.jpg" alt="">
<img src="/images/2016/09/13/CPM%20Artwork1.jpg" alt=""> 
“Including Aboriginal art through my long term China business connections, we believe this is the first instance of a local Aboriginal artists installation being commissioned into unique center pieces.” 
He said the refurbishment compliments Winston’s heritage piece and marries modern design approach with historic art.
Rex Winston Walford belongs to the Gamilaroi language group and resides on the North Coast. He has won awards and accolades for his work, including being a finalist on multiple occasions in the Parliament of NSW Aboriginal Art Prize, commended in 2010.
 
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