Gibson Developments Cuts Units in Amended Plans

Melbourne-based developer Peter Gibson’s Gibson Developments has filed plans with the City of Glen Eira for changes to the planning approval for a residential project.

Gibson bought the 1412sq m site at 600-604 North Road at Ormond in Melbourne’s south-east for $6.21 million in March this year.

The site came with planning approval for a six-storey 57-unit residential project with 71 carparking spaces. 

While Gibson remains the owner of the site at the corner of North Road and Carlyon Street, an application has been made to council to amend the plans to reduce the number of apartments from 57 to 41 units and to increase the carparking spaces from 71 to 76.

The amended plans are designed by MAP Architecture and will include two one-bedroom units, 27 two-bedroom units and 12 three-bedroom units with 3508sq m of space across all the units. 

The units will better conform to the Better Apartment Design Standards (BADS) and have increased size and diversity, more natural light, less reliance on galley kitchens and long corridors, and different layouts.

There will be 701sq m of retail space on the ground floor. 

The plans also include two basement levels with 36 carparking spaces on each basement level with another four on the ground floor.

Out of the 76 carparking spaces, 53 will be for residents, 11 for visitors and 12 for retail workers and customers.

There will also be 29 residential bike parking spaces, 8 visitor spaces and 8 spaces for retail workers and customers. 

▲ The render for the potential design for the site’s previous planning approval for a residential project.

The site has an existing commercial building on it and is on the retail North Road strip, close to schools and in an area where the median house price is $1.8 million.

The private sale campaign for the site in March was managed by JLL’s Nick Peden, Jesse Radisich and MingXuan Li with Gorman Commercial’s Jonathon McCormack and Stephen Gorman and received 13 offers before Peter Gibson bought it.

The development cost listed on the application before council is $9 million while the previous planning approval had a listed cost of $9.2 million. 

The Urban Developer contacted Gibson Developments for comment.