Construction commenced on Gramercy Terraces, a rare opportunity in Richmond

Market Insights
1 year ago
3 minutes

Lendlease has commenced construction on a new residential townhouse development in Richmond. With 50% of the units already sold, this new townhouse development boasts some of Richmond’s most sought-after, luxurious townhomes in Melbourne.

This is a rare freehold property currently expected to be completed in late 2023. These are the last residential homes to be built on the iconic former Channel Nine studios site in the heritage precinct of Bendigo Street.

Gramercy Terraces is a rare freehold opportunity in Richmond. Click here to enquire. 

The area allows you to discover a lifestyle of convenience and luxury. Located in the heart of Richmond, Gramercy Terraces is within walking distance of Swan Street and Bridge Road tram stops as well as Burnley train station. Here you will find some of Melbourne’s best schools, including Melbourne Girls College, Hawthorn West Primary School, and Swinburne University. Richmond is also home to some of Melbourne’s most popular cafes and restaurants, boutiques, live music venues, and galleries.

Gramercy Terraces provides a perfect harmony of vibrant inner-city living and tree-lined streets in a home with refined contemporary finishes inspired by its on-site heritage. Gramercy Terraces is located in an iconic Melbourne precinct that used to be home to Channel Nine Studios and the Wertheim Piano Factory.

The design of Gramercy Terraces townhomes fosters a grand sense of space within the master ensuite, further complimented by bespoke details of artisan tapware and quality stone. The balcony of each residence is positioned to offer a spectacular view of the city skyline. Moving inside, the living and dining space is as grand as it is intimate, embracing a bounty of light.

Gramercy Terraces is located on sought-after leafy Bendigo Street. Click here to enquire. 

These luxury townhouses are equipped with Miele appliances, timber boards, wine fridges, integrated fridges, freezers, and dishwashers, all of which make moving in a lot easier. These townhouses are an excellent choice for first-time homebuyers, downsizers, expanding families, and investors.

The townhouses come with three bedrooms, three bathrooms and a lock-up garage in each unit. There are also a limited number of car parks in the project’s secure adjacent basement carpark.

Balmain & Co are the contracted builder on this project. As a Melbourne-based construction company with a reputation for delivering excellence on high-end and bespoke residential homes, Balmain & Co was the perfect choice to build one of Melbourne’s premier residential buildings.

Gramercy Terraces comprises three-bedroom terrace homes. Click here to enquire. 

Lendlease is creating a true city fringe lifestyle at Gramercy Terraces, utilising their customary attention to detail and focus on living to deliver a project that is sure to be admired by every resident. Every aspect of Gramercy Terraces is an ode to elegance and is designed for an intuitive living experience. 

With construction having commenced, this townhouse project represents an opportunity to secure a new home in the heart of Richmond. In addition, stamp duty savings of up to $58,000 are available for eligible purchasers.

For more information about Gramercy Terraces, or to inquire, click here.