Beulah buys warehouses for townhouses
Beulah International has acquired a heritage Brunswick industrial property with plans for 25 carbon neutral townhouses.
The 3705 square metre rectangle shaped parcel covering 17-27 Hodgson St and 20 Gray set the group back $11.5 million late last year.
JLL’s Nick Peden, Jesse Radisich, Josh Rutman and MingXuan Li offered it with vacant possession.
Established in c1895 as the Stephens & Co clothing factory, the property was later owned by the Beris family for its Italian food import business, Delta Sales.
Uber-green project planned
Zoned Neighbourhood Residential – the site is about 650 metres from the Sydney Road retail strip and Jewell station.
It is less than that to Park Street, which in this part of Melbourne, is the Parkville suburb border.
Beulah intends to incorporate the façade into the all-electric project.
Six Degrees, which in 2013 penned the nearby Heller Street Park & Residences project, with 10 wooden townhouses, one where a director lives, is the architect (story continues below).
“The site presents an opportunity to engage with the community to deliver homes that will be warmly welcomed by locals,” Beulah managing director Jiaheng Chen said.
“Brunswick is a thriving creative and environmentally-conscious pocket of Melbourne and we look forward to working with the local people and community to do the site justice,” he added.
“We are excited…to deliver a raw, heritage warehouse-style ecologically sustainable townhome collection that is designed to be low density, unique and kind on the environment,” according to the executive.
“Our aim is to attract like-minded individuals to this fantastic location, with an opportunity to live and breathe all the wonderful things that Brunswick and its people have to offer”.
Elsewhere in Melbourne’s inner north, Beulah is developing the country’s first carbon neutral detached housing project, The Wilds, on the banks of Merri Creek in Cunningham St, Northcote.
Late last year the group also outlaid $12.2m for a 1190 sqm central Fitzroy block, expected to make way for apartments.
Four weeks ago, we reported US based property giant Hines would develop Australia’s first carbon neutral skyscraper – an office at 600 Collins St, replacing a former owner’s plan for a Zaha Hadid hotel.
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