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PLANNING APPROVAL FOR 2 BOWEN CRESCENT, SOUTH MELBOURNE


Real estate giant, Wuzhong International’s 19-storey residential tower has been approved for development by the City of Port Philip.

PLANNING APPROVAL FOR 2 BOWEN CRESCENT, SOUTH MELBOURNE

Designed by award winning firm Plus Architecture and managed by development and project management company Gallagher Jeffs, 2 Bowen Crescent, South Melbourne is positioned perfectly on the city fringe, located within close proximity to the Botanical Gardens and Melbourne’s famous arts precinct. The approved plans will see the transformation of the 1,800m2 site, which currently operates as a multi-level carpark, into a premium residential tower comprising  213 private residences, as well as retail and commercial tenancies on the lower levels.

Buoyed by the strength in the Melbourne real estate market and the demand for owner occupier residences, global developer, Wuzhong International acquired the site in 2015, with a view of establishing a new benchmark in urban living. “Our objective is to deliver a spacious and genuine home with high quality amenity for residents - a place where they feel connected and can embrace the surroundings. We’re confident that the elegant design and warm finishes, complemented by sweeping views and the developments ideal positioning, presents this opportunity to purchases”, David Shen, Director.

2 Bowen Crescent represents Wuzhong’s second foray into the Melbourne property market, and their first tower, with their previous project a sub-division in Melbourne’s south.

Gallagher Jeffs Development Manager, Scott McIntosh, who spearheaded the proposed development since acquisition, was suitably pleased with the council’s verdict, which took into consideration the Port Phillip Planning Scheme Amendment C107. This amendment applies to the St. Kilda Road North Precinct and introduced changes to maximum building heights and setbacks.  “Gallagher Jeffs are delighted to have assisted Wuzhong in obtaining a TP permit. We’ve unlocked the sites maximum development potential and maintained the integrity of the design, whilst avoiding protracted and costly VCAT hearings. It’s a great outcome for all stakeholders.”

The sales launch has been earmarked for mid-year.