Construction of a second major apartment building at the top of Hoddle Street could begin shortly.
Joint venture partners Salta Properties and Wolf Capital this week launched a marketing campaign spruiking the proposed 14-storey Fitzroy North complex to be known as 249QP.
Wulff Projects will be the development manager.
With ground floor retail, the tower will rise next door to the 11-level, 76-unit Patch Apartments complex, which another local builder, Goldfields Group, recently completed.
Salta acquired the 249-265 Queens Parade site earmarked for 249QP five years ago in two parts, and with a consortium of private investors including James Wilson, a member of the Reece Plumbing family.
The Victorian Civil and Administrative Tribunal had to approve the high-rise proposal after it was objected by the City of Yarra council (and locals, some who have commented on this website about the development).
Busy point where Hoddle Street terminates and Fitzroy North, Clifton Hill and Northcote connect
The 249-265 Queens Parade parcel is unique, and busy, backing onto the short section of Hoddle Street, near Merri Creek, which kinks west to T-intersect with Queens Parade.
North of Merri Creek, Queens Parade is known as High Street (and the suburb, Northcote).
Immediately east of the 249-265 Queens Road block, properties are gazetted as being in Clifton Hill.
The most prominent property on the small block is the McDonald’s Clifton Hill restaurant at 199 Queens Parade.
Often regarded as the most beautiful Australian restaurant within McDonalds’ vast property portfolio – this 1937 double-storey jazz moderne building was established as the United Kingdom Hotel.
The Clifton Hill train station is about a hundred metres away from the proposed 249QP complex.
249QP, Fitzroy North
A “lavish residential venture” with 92 residences, penned by architect Fieldwork Projects, is planned by the developers.
The units will be configured as studios, and with one, two and three bedrooms.
Some apartments open to outdoor terraces, while all building occupiers can share a rooftop terrace.
A bike repair workshop and ground level hospitality space will also form part of the project.
Fieldwork director Joacham Quino Holland said the design, with fragmented shapes and deep shallows, was inspired by the strong presence of basalt rock in the surrounding landscape.