A $62 million residential development in Brunswick East by Melbourne-based developer Lucent will soon kick off construction.
The plan will see 69 residences delivered to the inner-city Melbourne suburb, after Lucent acquired the 269 Stewart Street site for $9 million in 2016.
Lucent managing director Panos Miltiadou says the ClarkeHopkinsClarke-designed project, known as the Stewart Collective, which spans the last infill pocket in the Brunswick East location.
“We are purposeful in our approach to development so that our projects can contribute to the local community and environment,” Miltiadou said.
Prices are expected to range from $550,000 for a one bedroom apartment, up to $870,000 to $1.295 million for a three bedroom apartment.
“From electric car charging stations and a world-first in shared solar technology, its design sets a new example for environmentally conscious living,” Miltiadou said of the latest project.
In nearby Collingwood developer Tim Gurner was green-lit for his boutique hotel in partnership with Sydney chain Veriu, at 23–33 Johnston Street.
Construction on the $120 million project is now slated to commence in May this year.
While in Clifton Hill, Fortis Development Group, the subsidiary of Sydney-based Pallas Group, have purchased a property at 592-600 Smith Street with plans to redevelop the site into a $300 million commercial precinct.
The site, located on the corner of Smith Street and Alexandra Parade, borders Collingwood and Clifton Hill.