This article is from the Australian Property Journal archive
DEVELOPER and builder Lowe Living has doubled down on Melbourne’s bayside luxury residential market, acquiring sites in St Kilda West and Hampton where it will deliver boutique apartment projects worth a combined $140 million.
The addition of the pair marks the 18th and 19th acquisitions by Lowe Living an take its development pipeline to a value of $770 million.
The 1,200 sqm St Kilda West site, at 364-366 Beaconsfield Parade in Melbourne’s inner suburbs, is in a rare absolute waterfront position, located directly opposite the Catani Gardens. Initial plans for the site include a $65 million development with 19 high-end residences offering uninterrupted views of Port Phillip Bay, and skyline city views protected by caveats which prevent obstruction by future developments.
Architects Jackson Clement Burrows, which have just seen their St Kilda Pier redevelopment completed, and interior designer Brahman Perera have been appointed to the project..
“Opportunities like Beaconsfield Parade are extraordinarily rare in St Kilda West. This project will honour the exclusivity of the location with thoughtfully designed residences that reflect our commitment to delivering homes of the highest quality,” said Emma Lowe, co-founder and managing director of Lowe Living.
In Hampton, in the middle south-east bayside region, Lowe Living is planning a $75 million project with 32 residences at 31-35 Alicia Street.
31-35 Alicia Street Hampton
It is Lowe Living’s second acquisition on Alicia Street and third project in Hampton. Architects Cera Stribley have been appointed.
Tim Lowe, co-founder and managing director of Lowe Living, said, “We are proud to continue expanding our presence across Melbourne’s bayside, an area we know intimately and are passionate about.”
Lowe Living also has projects in nearby suburbs Sandringham, Brighton and Black Rock,
“Both Beaconsfield Parade and Alicia Street are extremely rare opportunities we’re excited to bring our vision of luxury living to life in ways that respect and enhance their iconic settings.”
The sites were acquired off-market and Lowe Living negotiated directly with the respective private vendors.
