Design-led developer and builder Lowe Living has lodged plan proposals for its largest project to date – a $160m mixed-use development in South Melbourne.
Sandringham-based Lowe Living acquired the South Melbourne site, located on Clarendon and York streets, earlier this year for a speculated $30m.
Lowe Living has appointed award-winning Woods Bagot as architects and interior architects for the project. This will be the second collaboration between Lowe Living and Woods Bagot.
A 2,000 sqm, two-level office building currently stands on the main site, whilst a 500 sqm car park sits opposite the site and is also on title.
The car park space will be transformed into a sophisticated new building that will house three ground-floor retail tenancies, two levels of premium office spaces, and 36 generously proportioned luxury apartments throughout the upper six levels of the building.
The exclusive collection of luxury residences will be designed and crafted to the highest standards. Residences are expected to range from $1.4m to over $9.5m when released onto the market.
Designs for Lowe Living’s Clarendon Street project will incorporate a suite of sustainable design features, achieving a minimum 7 Star NatHERS energy rating. Acre has been appointed as the landscape architect for the project.
This momentous South Melbourne endeavour represents Lowe Living’s brand evolution. Pivoting to larger, mixed-use site developments, Lowe Living plans to start developing one to two larger projects, such as Clarendon Street, each year.
"Fundamentally our core philosphy hasn't changed", said Lowe Living founder and managing director Tim Lowe. "We are astutely focused on the luxury owner occupier and downsizer market and have a very specific buyer in mind. By seeking out larger sites in locations like South Melbourne, we can apply this knowledge on a grander scale to projects that have scope for more height and mixed-use applications.
"This allows us to create larger apartments that are still boutique in terms of volume, just with larger floorplates and more amenity to conceptualise. We always have, and will continue to prioritise luxury, and will be targeting $1.4m - $9.5m price points within this South Melbourne precinct.
"This really was a rare opportunity to find such a large development site in South Melbourne; there really aren't many remaining undeveloped sites of this scale, if at all."
News of Lowe Living’s Clarendon Street project comes after the developer and builder recently unveiled a new design partnership with Bec Judd. Judd will collaborate on the designs of the final release of Lowe Living’s Sera Brighton and on the upcoming Ocean Street project in Hampton, set to launch in early 2023.
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Header image courtesy of Lowe Living.
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