Clendon Road mansion to be razed for apartments
PB&Co has won permission to build apartments on the site of an art deco mansion in one of Toorak’s most exclusive streets.
The three level development at 79 Clendon Road (artist’s impression, top), designed to appear as a home, would rise near properties owned by the Little, Myer, Smorgon and other high net worth families, which contested.
It will contain five flats – the cheapest, spreading 250 square metres, asking $6m.
A 416 sqm penthouse with a wraparound terrace and infinity pool will seek twice that.
PB&Co paid $8.05m for the 934 sqm site in a deal which settled last September.
PB&Co boosts pipeline
PB&Co appointed New York based Gregory Tuck Architecture to pen the Clendon Rd complex, which was initially rejected in August.
“We are really pleased with the result from our collaborative discussions with neighbouring residents; [an] amended town planning proposal and subsequent permit approval follows a positive VCAT hearing in which no further changes were required,” company co-founder and chief executive officer Alex Bragilevsky said (story continues below).
“The project is set to commence construction in April 2022 and reach completion by September, 2023,” he added.
Elsewhere in Melbourne, the developer recently started marketing units in a Brighton complex, 52 Black St.
PB&Co is also seeking to build apartments on the airspace of East Melbourne’s Eblana – a 510 sqm block for which it paid $6.45m last year.
In March the group acquired a 4240 sqm parcel at Kurraba Point, on Sydney’s Lower North Shore, capable of accommodating several multi-storey buildings.
Its Toorak block is in the same street as three historic residential estates including David Smorgon’s Yandiah, next door, Coonac (#65), held by Paul Little and Jane Hansen, and the Myer family’s Cranlana (#62), which is nowadays occupied as a training centre for ethical leadership.
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