Deal Corporation has launched an off-the-plan marketing campaign for apartments within a mid-rise tower proposed in Melbourne’s blue-ribbon Glen Iris.
The eight-storey building, Glenarm Square, penned by Plus Architecture, will be developed on a site at 287 Burke Road which was only recently created following the revamp of a train station and rail crossing.
The 2700 square metre parcel will accommodate 112 apartments, fitted out by Hecker Guthrie Interior Design, a state-of-the-art gymnasium, dedicated yoga space, 15 metre indoor pool and business centre.
Glenarm Square will also offer a ground floor lounge and dining area co-designed by Australian chef and restaurateur Shane Delia, and 1000 sqm of commercial and retail space, spread over two levels.
A north facing plaza will include eateries and amenity for residents and commuters around the neighbouring Gardiner train station.
Marshall White Projects director Leonard Teplin said “Glen Iris is one of Melbourne’s most in demand and well-connected suburbs with a median house price of over $1.9 million”.
“Many home-hunters that want to remain in their local area have been priced out of this market in recent years with very limited apartment stock coming to the market to meet this need,” Mr Teplin said. “Glenarm Square will cater to this growing contingent of home hunters with excellent buying opportunities starting from just $399,000 for one bedroom apartments, $545,000 for two bedroom offerings and $875,000 for premium three-bedroom residences”.
Glenarm Square is the latest in a string earmarked recently, to replace land for years controlled by state government arm, VicTrack.
Closer to town, Vicland is proposing an office complex and public plaza on airspace atop the rail line opposite South Yarra train station.
An apartment building has also been mooted for airspace adjoining the Windsor train station in Chapel Street.