Minister calls in major Cremorne office
EXCLUSIVE
Planning minister Sonya Kilkenny has given fund manager Bayley Stuart the green light to replace a Cremorne office with one four times taller.
The approval adds significant value to the property, 101 Cremorne St, built in 2005 as Colorado’s headquarters, also, until 2020, owner-occupied by Hickory.
But the permit will be sat on for now. Bayley Stuart acquired the three storey, 3000 square metre asset in 2022 for a single asset fund. It is fully leased with some rental agreements having over a year to run.
Elsewhere in Cremorne, the group holds eight level offices at 1-21 Gordon St and 600 Church.
The next 101 Cremorne Street
Penned by Life Architecture and Urban Design, formerly known as CHT Architecture, the permitted 101 Cremorne St office rises 12 storeys with 10,917 sqm of A-grade office area and 569 sqm in four ground floor retail tenancies.
Also designed with an urban farm, moonlight cinema, rooftop pickleball court and occupant-only terraces, it will contain 94 car parks – 253 less that statutory requirements – and 136 bike bays, 86 more than needed.
Gardens on the 1749 sqm block at the south east corner of Kelso will be prepared by Jack Merlo (story continues below).
The asset is expected to cost c$56.5m to build.
It will dwarf what is arguably Cremorne’s highest profile office – Seek’s headquarters, at 60-88 Cremorne St, almost diagonally adjacent Bayley Stuart’s block – with eight floors.
“Drawing inspiration from the historic site of Australia’s first ‘pleasure gardens’ [another term for an amusement park], established in 1853, and the area’s rich industrial heritage, this cutting-edge development sets a new benchmark for workplace design,” Life architect Mark Spraggon, added.
“As a Property Council of Australia A-grade building, it combines advanced technology and sustainability principles to create a hub for Melbourne’s thriving tech scene,” according to the executive.
“This innovative workplace demonstrates how design can foster productivity, sustainability and a sense of belonging, setting new standards to the modern office,” he added.
“We look forward to this project progressing in 2025”.
Subscribe to our newsletter at the bottom of this page.
