Melbourne-based developer Caydon has received the go-ahead to commence stage two of their $1 billion Malt District development in Cremorne, following a successful hearing with the Victorian Civil and Administrative Tribunal.
The VCAT decision has given Caydon a permit for a 14-storey building above the existing two-storey heritage building, and the construction of a 15-storey building at the north-western end of the site connected to nine retained silos. It has not been announced when construction on the second stage will commence.
The project is designed by Fender Katsalidis and Oculus and includes the redevelopment of the Nylex clock and silos on Gough Street, Cremorne.
Caydon intends for stage two to deliver a boutique hotel, a function centre, shops and restaurants, art gallery and the construction and display of the old Nylex and Victoria Bitter signs on top of the silos.
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With visions of creating Melbourne’s next major tourist destination, Caydon principal Joe Russo was thrilled with the tribunal’s outcome.
“The determination ensures the iconic Nylex clock will tell time once again after we restore and reinstate it over the new development,” he said.
“The Malt District is much more than just a new place where people can live. It’s about transforming a derelict part of our city to a place for people to work, live and visit, creating job and investment opportunities and renewing the site by sensitively blending it with modern new architecture.”
Caydon received approval for their development’s first stage in 2016, which saw them gain approval for an 18-storey tower, a 13-storey tower, six three- to four-storey office buildings, shops, a supermarket and 258 apartments.
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The Malt District development is situated on the historical Richmond malting site, home to the landmark silos and the Nylex Clock. The retained heritage buildings and industrial mix of concrete, timber, brick, glass and steel has informed and inspired the design aesthetic.