ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Toyota To Capitalise On Melbourne Apartment Demand

150527-toyoya2_620x380

Toyota have released plans to capitalise on Melbourne's skyrocketing demand for inner city living.

The Australian car manufacturer is planning on converting a majority of their Elizabeth Street sale site into a residential development.

Property advisory firm LEFTA has been reported to be nominated as the developer acting on behalf of Toyota. Plans for the 611-681 Elizabeth Street site were submitted to the City of Melbourne in December 2014 with SJB selected as the project architect.

According to the planning submission the development will feature four towers on the 7,051sqm site. It will comprise 1,090 apartments, with two towers for residential use and two towers for student accommodation.

Plans for a gym, rooftop areas, communal areas, and a 1,413sqm showroom most likely for Toyota have also been submitted.

ALSO SEE: Cromwell Property Sells $30m Melbourne Asset

The Daughter tower will reflect the design of The Mother, following the black and white theme. This tower will also house the highest number of dwellings, with 388 studios, 24 one-bedroom apartments and 7 two-bedroom apartments.

ADVERTISEMENT
TOP STORIES
CONTRIBUTE TO THE CONVERSATION
Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: https://https://theurbandeveloper.com/articles/toyota-capitalise-melbourne-apartment-demand