Shaped by heritage for the rhythm of tomorrow - Gramercy Terraces offers everything you’ve come to expect from Lendlease

Market Insights
2 years ago
3 minutes

Perfectly located only 4km from the heart of Melbourne, Richmond balances heritage charm with excellent doorstep amenities. PwC has named the suburb the best Melbourne neighbourhood for lifestyle and it’s certainly not difficult to see why. 

The local lifestyle is defined by connectivity and convenience with plenty of nearby dining and shopping options. Wellbeing also comes naturally at Richmond; the nearby parklands, river trails and Burnley Golf Course ensures an active lifestyle is almost effortless. The suburb also offers heightened connectivity with Burnley Train Station, tram services and freeways all easily accessible. 

Gramercy Terraces by Lendlease places its residents at the centre of this enviable location; offering front row seats to a vibrant lifestyle.


In 1908 Bendigo Street welcomed the first home of the Wertheim Piano Factory. With the onset of the Great Depression and a decline in the demand for pianos, the factory closed in 1935. Thereafter, Heinz resided on the site until 1956 when the building was reinvented into the Channel Nine Studios at the advent of television. The site’s most recent iteration is Gramercy Terrace - offering purchasers an extremely rare freehold property in a charming heritage precinct and enviable locale. 

The original structure has been reimagined and refurbished with a host of modern elements including aluminium, steel and eco-conscious double glazing throughout. Every aspect of Gramercy Terraces is an ode to elegance and has been meticulously designed for intuitive living. While the precast walls and suspended concrete slabs are engineering feats of their own, these and similarly thoughtful design elements offer residents greater thermal comfort and acoustic insulation.  

Inside the homes, the design intent has considered how every design feature will influence day-to-day living. This multi-dimensional design approach is most obvious at the soaring central void which invites natural light to the core of the home. Marked by elegant, vertical railings, the structure creates dynamic shadows with the movement of the sun. Similarly, the floating timber stair treads create both visual intrigue and emphasis on the already spacious floorplan.


World-renowned Signorino offers immaculate Italian stone, tiles and pavers throughout the development including their signature stone benchtop and splashback in the kitchen. At Gramercy Terraces, the kitchen is the heart of the home - offering elegance, functionality and longevity. A designer pendant light by Jean Francois D’or is artistically suspended over the expansive kitchen island while a range of fully integrated Miele appliances completes the picture. Purchasers are also offered optional extras to truly make these homes their own including a Miele integrated double fridge and a Miele integrated wine fridge. 

Gramercy Terraces also features state-of-the-art technological integration and heightened security, including electric vehicle charging as an optional extra and video intercom as a standard security inclusion. In addition, it has been designed for the future with sustainable features and energy-efficient with an average NatHERS rating (Nationwide House Energy Rating Scheme) of 6.5 stars

Gramercy Terraces represent the final opportunity to own a rare freehold property within the heritage precinct without compromising on style, functionality or amenity. Prices start from $1,895,000 for a three-bedroom terrace. This, together with the significant stamp duty savings currently available, offer an unmissable opportunity. 

Gramercy Terraces display suite is located at 32 Bendigo Street, Richmond; open Wednesdays 5 pm - 6 pm and Saturdays 11 am - 1 pm. Private appointments are available 7 days a week. For more information on Gramercy Terrace click here.