Caydon Development Gets Green Light By Honouring The Past


After some deliberation and much contention, it appears that the $1 billion vision for the former Richmond Maltings site in Cremorne is one step closer to becoming a reality.

Heritage Victoria announced that it gave approval for Caydon Property Group's proposed two-stage residential, commercial and tourism development that will bring high-quality apartments as well as retail shops, bars, cafes and restaurants to service the new precinct. The ultimate goal is to see the Malt District become a vibrant and viable mixed-use precinct that will make a positive impact on the area and create a 21st century landmark.

[Related article:

Caydon Receives First Nod For $1bn Site]Caydon gained a permit from the Victorian Civil and Administrative Tribunal in 2016, however ran into conflict with Heritage Victoria after it was revealed that a number of demolition works were required to allow the project to move forward


Heritage Victoria has been considering revised plans lodged by Caydon in December, 2016 in response to their concerns about the historically-significant structures on the site.

Their eventual approval came with some revisions. A major feature of the revised plans is the retention of a majority of the concrete silos under the Nylex clock that were previously earmarked for demolition. Under the new plans, a restored and working Nylex clock will sit atop extruded silos, maintaining sight lines to the famous landmark.

With Heritage Victoria approval under the condition that several heritage elements remain unaffected by the project, Caydon believes that their Malt District proposal will transform a once dilapidated and under-used site into an attractive, activated and vibrant destination for locals and tourists alike to visit and enjoy, creating thousands of construction, hospitality and retail jobs.

"The determination is significant because having agreement with Heritage Victoria on the heritage aspects of this important urban renewal site means we can confidently move forward on a project that has already captured significant public interest," Caydon Chief Operations Officer Jarrod Stratton said.


"We have almost one thousand prospective purchasers registered on our data base.

"We’ve listened to Heritage Victoria’s concerns about the original plans, and through constructive dialogue and collaboration have a consensus that includes further heritage retention, whilst still delivering our vision for the Malt District and a viable urban renewal project.

"We will continue to consult and work closely with Heritage Victoria and other government officials on the remaining aspects of our plans, and appreciate their ongoing collaboration regarding this state-significant project.

"Retaining and restoring the significant heritage fabric of this site has always been a priority for Caydon, as has been returning the famous Nylex clock to working order for Melburnians to once again enjoy.

"We are now an important step closer to the Nylex clock being re-lit as a focal point of a great new destination for people to live, work and enjoy.

The Heritage Victoria determination enables Caydon to commence construction works at The Malt District site within the coming months.


A brief history
The Barrett Burston Richmond Maltings site was initially developed as a brewing and malting site in the 1850s- 60s, and is now considered historically, scientifically, technologically, aesthetically, socially and archaeologically significant to the State of Victoria.

The site is currently the oldest surviving independent maltster site in Australia. It has been continuously associated with the brewing and malting industry since 1852. It is the earliest and most intact of the four remaining nineteenth century sale maltster sites still operating in Victoria, the others being the former James Hood & Co site, Islington Street, Collingwood (1878), the Barrett Burston Gibdon Street site, Burnley (1892), and Joe White Maltings, Gregory Street site, Ballarat (1898).

It also played a pivotal role in understanding the industrial production of malt both by the pneumatic and the floor processes, and as the only nineteenth century pneumatic malt house surviving in Australia, the site is considered to be of outstanding technological significance as one of the earliest pneumatic malt houses in the world.
What next?
Caydon Property Group have laid out their development intentions to see the Malt District come to life.
Stage 1
Coppins Corner - a mixed use 15 & 12 split level development incorporating one, two and three bedroom apartments as well as Soho style apartments for work and living. Commercial space will include boutique convenience retail and much more with active landscaped frontages allowing public connection through the site to the heritage precinct.
Stage 2
Re-adaptation of the Heritage buildings fronting Gough Street incorporating a mixture of commercial and retail uses, specifically a Gastro Brewery & a bicycle café. A mixed use development incorporating a mixture of one, two and three bedroom and townhouse style apartments as well as serviced apartments. Soho style apartments for work and living; commercial office uses to generate employment; a generous public plaza where residents, workers and the community and relax and reflect.
Stage 3
A mixed use development proposal incorporating one, two and three bedroom apartments; Soho style apartments for work and living; commercial office uses to generate employment.

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