THE PROPERTY DEVELOPMENT REVIEW
Recent and emerging developments around Church Street mentioned in the Urbis report.
The Curtis York office building for sale on Cubitt Street.
18th, a self-powered tower, went on exhibition this month. “The subject site [at 13 Amsterdam Street] is within the Church Street commercial area, which forms a key transport and economic spine within the City of Yarra,” the Urbis report said. “However, to the east is a lower-scale residential context within the wider Barkly Gardens Precinct. “The existing scale of the Church Street activity core is characterised by building heights of generally between 2 and 10 storeys, with single-storey buildings dispersed throughout. “Several higher density developments of up to 15 storeys have recently been approved in the surrounding area, including some currently under construction.”
surrounded by some of the country’s most prolific businesses including Adidas, The Commons, Reece, Seek and Carsales.com.au. “Nineteen Cubitt Street is one of the only new office assets in Victoria to be presented for sale since our transaction of a similar asset across the train tracks at 45 Wangaratta Street, which was sold to a Hong Kong family office on a 3.7 per cent yield approx,” Carr said. The building offering 1342sq m of office space is 83 per cent leased has has one level per tenant, end-of-trip pods, public meeting rooms and a private rooftop. Urbis detailed 17 developments shaping the future of the Richmond and Cremorne in its report supporting the 13 Amsterdam Street proposal. This is the 19th to be lodged—the
April / May 2024 – 41
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