The West Melbourne development will comprise 172 units with a highly sustainable building design, electric vehicle charging, and a green power supply.
A $150m apartment development for renters in the inner city is closer to completion.
The Briscoe in West Melbourne has 172 units over seven levels, and will feature a gym, rooftop terrace and community facilities.
Located in Roden St, former site of the Briscoe & Company Limited warehouse, it is the first Victorian build to rent project by Sentinel Fund Manager Australia.
Still a relatively new concept in Australia, build to rent involves developers retaining ownership of the property and renting out the apartments.
The Briscoe will comprise one to three-bedroom units with a highly sustainable building design, electric vehicle charging, 172 bicycle spaces, and a green power supply.
Due to open in March 2023, it will have a residents’ lounge, business centre, and dining area that can be booked for private functions.
Attending a topping out ceremony for the project, Lord Mayor Sally Capp said it would add value to the city’s housing landscape.
“I welcome more, quality housing supply in our city, especially when it is combined with community facilities and environmental outcomes,” she said.
“Melbourne is Australia’s most liveable city, and it is projects like The Briscoe by Sentinel that continue to strengthen that title.”
Sentinel Australia managing director Keith Lucas said it will offer residents “a refined, highly sustainable and community-focused lifestyle, creating a sense of place within and adding to West Melbourne’s existing character”.
“The design draws heavily on the eclectic industrial heritage of the site, and art deco influence of the iconic Briscoe and Co signage,” he said.
Shane Rothe, from Rothelowman architects, said the design respected the history of the site, and West Melbourne’s Victorian-era streetscape.
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