A strong start to the year for the team, having recently secured planning approvals for two projects in Richmond with a combined expected end value of circa $300 million, as featured in The Australian Financial Review.
One of the most substantial development parcels to be consolidated in Melbourne’s fringe area in recent years, the projects will establish a brand new residential, commercial and retail precinct in Richmond. The two projects collectively occupy 15 blocks of land, creating one major development. Both sites are being designed by prominent multi-disciplinary design studio SJB Architects and funded by Pallas Capital.
“Our approach with our Richmond projects is similar to our work in Double Bay, where we have considered not just the development of our sites, but also how it could enhance the broader neighbourhood,” Charles Mellick, Director, Fortis.
We look forward to delivering these projects as part of a broader precinct, in turn elevating the neighbourhood through the creation of new places for the community to live, work and play.