“It’s not often you get an opportunity to develop in a location like this. “Our vision is a true vertical village on the park – high-quality residences, affordable housing, fine-grain retail and community facilities.” “Similar to the Munro mixed-use development, we will deliver a precinct that reflects its distinct local character, bringing together various community spheres in one location,” Mr Giuliano said. The City of Melbourne is already partnering with PDG Corporation on the $450 million Munro development opposite the Queen Victoria Market (QVM), which includes affordable housing and 490 build-to-rent residences a component Mr Guiliano said he wouldn’t rule out for the Boyd development. After the issues with the last process we feel really confident that we’ve ended up with an even better result.” “Frankly, the care that has been taken on this important site I think is appropriate. “We’ve negotiated a fantastic outcome to deliver community facilities and affordable housing at the Boyd site, putting the needs of a growing Southbank community at its heart,” the Lord Mayor said.
#Done deal apartments to rent series
Subject to planning approval, construction on the development is expected to begin late next year and be completed in 2022.įollowing a series of failed attempts to develop the site with previous partner Mackie Group, which dated back to 2011, Lord Mayor Sally Capp said the agreement was a “win for the community”. The new development with PDG, which will achieve a 6-star Green Star certification, also includes 40 affordable housing units, residential apartments, a boutique hotel and retail facilities. The park and Boyd Community Hub together with the new community space in the development will now account for 6684 sqm of the precinct. The parcel of land at 132 Kavanagh St has also had its previous footprint reduced from 2356 sqm to provide for a larger Boyd Park, which is due to open this year. While the new 110-metre development has increased in height from what was originally proposed for the site (87m), the new deal includes 1000 sqm of new community space across its first two floors - 450 sqm more than what council requested in its tender. Lord Mayor Sally Capp and PDG’s managing director Vince Giuliano appeared with Southbank Residents’ Association (SRA) president Tony Penna on July 4 to announce the $16.5 million deal for the 1843 sqm site abutting Kings Way and Kavanagh St. The long road to completion of the Boyd site appears to finally be nearing its end after the City of Melbourne struck a deal with PDG Corporation last month.
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