Fortis proposes 10-levels for $19m Richmond site

Fortis’ Brighton Street proposal (also top, with a green brick lower level facade) contains offices, residential and retail.

Fortis is paying $19 million for a Richmond development site behind hotel Union House.

The arm of Sydney-based Pallas Capital has earmarked the 1298 square metre parcel at 2-8 Brighton Street for a 10-level complex with apartments, offices and retail.

The holding offers south facing view security over the train line near East Richmond station.

It is also relatively quiet to car traffic – Brighton St, like many roads south of Swan, blocked from crossing the rail.

Previously Icon had planned a residential project for the land, a couple of hundred metres from Barkly Gardens.

Colliers International’s Ted Dwyer and Ben Baines brokered the Fortis deal (story continues below).

Richmond rising

The top level aspect from Fortis’ proposed Richmond building.

Elsewhere in the suburb Riverlee is proposing a 13-storey complex at 484 Swan St – a commercial property once owned by former premier Jeff Kennett and where Beyond Blue is said to have started.

The Brady Group is also forging ahead with an 11-floor hotel which will be leased to Accor at 203-207 Bridge Road.

Grocon, which put its construction business into administration today, with GIC, recently appointed Hacer to replace Richmond Plaza with a $220m village containing retail and Build to Rent apartments, the tallest in a 12-level tower.

In June Poly Global unveiled plans for a commercial building of this height over three parcels near the Pelaco sign – 150-152 Bridge Rd, 1-3 Allowah Terrace and 195 Lennox St. That project would add nearly 10,000 sqm of A-grade office area and a retail-themed laneway.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco