Architecture firms DKO and Slab have received unanimous council support for an eight storey commercial building in Melbourne’s inner north east Collingwood.
The tower permitted for the 468 sqm Commercial 2 zoned block at 19 Down Street will contain 2275 sqm of offices, a café, gallery and theatre.
Factoring areas for facilities and services, the structure will actually spread more than 3700 sqm.
To be branded The Co, and distinguished with a trapezoid shaped setback from the fourth floor, part of this office will reportedly act as the two owners’ headquarters.
The Co, Collingwood
The applicants paid $2.5 million for the property making way for The Co in March, 2017.
At the time the low-rise warehouse which shares a roofline with neighbours was being offered by Airkorp Australia as a leaseback investment.
Instead Tract Consultants pushed the redevelopment proposal – initially for 12-levels, which was rejected in 2018.
Founded by Koos de Keijzer and Zvonko Orsanic, the architecture firm also turns 20 this year.
A rival designer, CHT, is co-developing the high-end Craftworks office at the north east corner of Mollison and Nicholson streets in Abbotsford, the next suburb east of Collingwood, after a pre-commitment last month by Fred IT (story continues below).
Two trapezoid towers endorsed for Collingwood recently
In Collingwood recently, Collective Capital was permitted to build an eight storey office on a 1142 sqm corner site at 33 Peel Street.
Like the 19 Down Street proposal, the setback on the upper levels of its commercial building will be trapezoid shaped.
Pace Development Group is responsible for the last recently completed small Collingwood workplace – rising 11 floors from a 510 sqm plot at 51 Langridge Street, on the south east corner of Wellington Street.
Collingwood, along with East Melbourne, Cremorne, South Melbourne and South Yarra, are said to be inner-Melbourne’s most valuable regions in which to rent high-quality office space.
Each is undergoing a commercial property building burst, too.
It has been speculated Peter Hart will build into the airspace of the recently vacated Club 80 venue at 8-10 Peel Street, Collingwood, which he acquired last year for $8.065m less than a week after it was listed for sale.
Shortly after the acquisition, the private developer paid $1.9m for a neighbouring c1890 double storey terrace home, expanding his landholding on the north west corner of Little Oxford Street and opposite the new Peel Park, to 572 sqm.