Sunkin Property Group – a branch of Wolf Group – has been given the green light to replace a former CSIRO laboratory in Highett with a large, medium-density village.
The proposal, for 1,022 units in 15 towers between two and seven floors, has a final value of more than $ 500 million.
The developer paid $ 90 million for the 9.34-hectare rectangular block making way for the village in July.
Under the permit, he is to return nearly four acres of parkland to the Town of Bayside.
A public library and maternal and child health center will also be developed, while power lines on Graham Road will be buried (story continues below).
A gym and swimming pool for residents, as well as a retail business – in this case, a cafe – will also form part of the estate.
âWe are seeing pent-up demand in the Bayside area and believe that the setting of our park and our connection to the [Highett] the train station and vibrant downtown retail will be very attractive to local buyers, âsaid Lloyd Collins, Sunkin Managing Director, Development, of the ClarkeHopkinsClarke design.
Elsewhere in the municipality, the developer is behind a project for 448 St Kilda Street, Brighton.
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