Sunkin Property Group – an arm of Wolf Group – has been given the green light to replace a former CSIRO laboratory, in Highett, with a major medium density village.
The proposal, for 1022 dwellings in 15 towers between two and seven storeys, carries an end value of over $500 million.
The developer paid $90m for the 9.34 hectare rectangle shaped block making way for the village, in July.
As part of the permit, it needs to give nearly four hectares back the City of Bayside as parkland.
A public library and maternal and child health centre will also be developed, while powerlines on Graham Road will be undergrounded (story continues below).
A resident’s gym and pool, as well as retail – in this case, a café – will also form part of the estate.
“We are seeing pent-up demand within the Bayside area and believe our park setting and connection to the [Highett] station and vibrant town centre retail will be highly attractive to local buyers,” Sunkin general manager, Development, Lloyd Collins said of the ClarkeHopkinsClarke design.
Elsewhere in the municipality, the developer is behind a project earmarked for 448 St Kilda Street, Brighton.
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