Developer Goldfields has started work on its first build-to-rent project.
The Raleigh, at the corner of Raleigh Street and Punt Road, Windsor, will offer 348 apartments in a mix of studio and one, two and three bedrooms across a 15-storey tower.
The $350-million apartment complex with “lifestyle and wellbeing at its heart,” according to the developer, will boast a rooftop pool, dog park, basketball court and co-working spaces.
Goldfields Group bought the 4350sq m site in September, 2020 from aged-care provider Jewish Care Victoria for $35 million, and upscaled its project plans in 2022.
Merricks Capital is a major funding partner on the project, Goldfields said. The pair have previously partnered on a South Yarra office tower, Goldfields House.
Other project partners include Maxcon Constructions, Webber Design, and Fraser and Partners.
Goldfields managing director Marco Gattino said the expansion into build-to-rent came at a time when the city needed high-quality apartment stock.
He said Windsor, about 7.5km south of the Melbourne GPO, was a “highly sought-after pocket of the city fringe with significant depth of demand and opportunity for growth”.
The project, designed by Elenberg Fraser, is due to complete during the second quarter of 2026.
