Pioneering $100 million project on repurposed Gardiner Train Station land

Prominent private developer DealCorp has secured planning approval for a pioneering new development that will repurpose land created at the recently revamped Gardiner Train Station in Glen Iris.

The development represents an industry-leading approach to infill development by repurposing the 2,700sqm site opposite the new Gardiner Station forecourt, created as part of its recent multi-million-dollar upgrade.

The project opposite Gardiner Station, titled The Residences at Glenarm Square, will deliver around 120 apartments along with a gym, 15m indoor pool, communal lounge and luxurious business centre for residents, with an end value of approximately $100 million.

DealCorp’s plan for the development pays careful attention to the objectives for the area’s overlay including setback and notably, integration with the station and retail plaza, to deliver a new community heart for the bustling Glen Iris locale.

Designed by Plus Architecture with interiors created by Hecker Guthrie, the development will feature 1000sqm of retail and commercial space over two levels with a range of services for the local community including plans for a provedore, café, and deli/grocer.

DealCorp executive chairman, David Kobritz says the project will deliver a much-needed affordable apartment product to a location where the median house price is currently over $2million.

“ Located in the heart of Melbourne’s leafy-green inner eastern suburbs, Glen Iris is incredibly sought after and infill development opportunities are rare,” Kobritz said.

“ As developers it is critical we look not only to delivering apartment solutions, but vibrant retail, café and leisure amenity that help create new community connections.

“ That’s why this project, in this location, was so appealing to us – it was an opportunity to regenerate and re-activate one of Melbourne’s most in-demand inner eastern suburbs in a specific locale where community amenity is currently lacking.

“ As a diversified property developer we assess all opportunities on their merit so when the chance arose to deliver a project of this nature in such a significant location, we jumped at it. This project represents an innovative, collaborative approach to infill development.”

“ With their excellent locations and proximity to transport and other established amenity, this site is a prime example of urban regeneration in a location where traditional home prices are out of reach, so we are excited to explore the way this successful test case can be applied in a wider setting in the future,” he said.

With over a 30-year history of pioneering sophisticated urban developments in strategic locations, DealCorp is an experienced mixed-use developer that has completed 16 projects since 2011 with a total gross revenue of $550million.

Other current projects include the substantial Polaris 3083 urban regeneration project that is transforming the former Larundel Hospital into a $500m retail, residential and hospitality precinct.

DealCorp will launch The Residences at Glenarm Square to the market in the coming weeks with the project set to include a mix of one, two and three-bedroom offerings.

Source: DealCorp