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Media: Plans Filed for South Yarra Office Tower

Media: Plans Filed for South Yarra Office Tower

Plans have been filed for a 10-storey office tower in South Yarra as the Melbourne office market continues its upward trajectory.

If successful, the tower proposed by local builder and developer Zig Inge for the 0.169ha site at 199 Toorak Road will have 9709sq m of office space across its 10 storeys.

There will be 104 car parking spaces across three basement car park levels including two disabled car parking spaces and electric car charging facilities.

The ground floor will have 179.7sq m of retail space fronting Toorak Road and 165sq m of food and beverage space fronting Claremont Street.

 

Rothelowman Architects have designed the plans currently on exhibition.

Inge started working as a builder in the 1970s before forming the Zig Inge Group with his son Peter Inge in the 1990s, which then focused on retirement villages.

At its height the group owned 19 retirement villages across Australia before selling them all in 2007 to concentrate on one: Prospect Hill Village in Camberwell.

 

The group then diversified into other areas of real estate development and have most recently completed a project at 57 Balmain Street in Cremorne, also designed by Rothelowman Architects.

That building, tenanted by the ASX-listed Reece Australia, has more than 7800sq m of office space over seven storeys and 125 car parking spaces across three basement levels.

Investment and interest in the Melbourne office market continued apace last month with three seperate office projects selling in the same week and one office building in Hawthorn selling off the plan before completion.

Fund manager Vantage Property Investments will form a joint venture with Pace Development Group to own the property at 9 Montrose Street.

 

Read the whole article online via theurbandeveloper.com