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Amended plans have been filed for an office project on an inner-Melbourne strip rapidly becoming a hotspot for projects,
Bridgeworth Management have filed the plans for a 519sq m site at 54-56 Bridge Road, Richmond, which last changed hands in August, 2018, for $3.18 million, according to RP Data.
ASIC records list John Stephen Anson and Robert Henry Anson as the directors of the company.
BKK Architects have designed the plans for the proposed three-storey building, which would have a gross floor area of 1945sq m and a net lettable area of office space of 1099 square metres.
It comprises office space on the ground floor, first floor and second floo, and basement parking.
The amended plans before the Yarra City Council outline an expected cost of $6 million and include a change after discussion with the council’s heritage advisors, a setback of 2m from the Bridge Road interface for the second floor alone.
This allows the street wall of the site to be the same height as the heritage-listed property next door at 58 Bridge Road and to maintain the character throughout the streetscape.
The gap will host a stepped series of planting in front of the windows to the second floor.
Local planning policy requirements stipulate 33 carparking spaces for the total expected NLA of 1099sq m but the application is requesting a reduction of the requirement to eight spaces.
The plans exceed the requirements for bicycle storage by including 12 rather than the required five spaces.
The site is about 140m east of the Bridge Road intersection with the main thoroughfare Punt Road and 34m west of Rotherwood Street.
It is within the Bridge Road Activity Centre and close to the Richmond Railway Station with access to tram services along Bridge Road and bus routes along Punt Road.
The site is now occupied by a two-storey building with retail on the ground floor and a residence on the first floor. It is not listed in the heritage overlay.
Richmond is growing in popularity with investors and developers keen on the office market in the CBD fringe suburbs.
Garda Property Group recently announcing it would sell two of its Botanicca Park buildings for a combined price of $120 million, while local businesses have been keen to upgrade their properties on the back of the surge in interest, including the well-known Richmond Oyster Bar.
This month a Melbourne lawyer applied to develop a commercial project a few of blocks down the street at 90A-96 Bridge Road whiule BG Estates has filed office tower plans at 393 Bridge Road abd Lei Huang’s HLL Developments filed plans for a hotel at 300-306 Bridge Road.
Leo Iazzolino’s Elite Property Group is also hoping to build in Richmond, taking an appeal against a planning decision over a $60-million, 12-storey office tower at 525 Church Street and 1-7 Kingston Street to the Victorian Civil and Administrative Tribunal.
Hines is hoping to build in Richmond with its nine-storey tower plans undergoing assessment by the Victorian planning minister.
