Colliers International appointed to sell Lower West Village at 9 Downie Street, Melbourne
A rare and significant permit-approved development site within the Melbourne CBD is set to be offered to market.
Colliers International’s Bryson Cameron, Trent Hobart and Daniel Wolman have been exclusively appointed to sell a 1,187sqm development site with a current permit for 255 residential apartments and ground floor retail at 9 Downie Street.
The 30-level residential tower approved for development sits in the popular and rapidly transitioning western core of Melbourne’s CBD.
Named ‘Lower West Village’, the project has been designed by renowned Melbourne architects Peddle Thorp to provide inner city living in the CBD that combines luxury and convenience.
“This is one of Melbourne’s most exciting permitted development opportunities which is ready for immediate development,” Mr Cameron said. “Situated in a prime location between Flinders Street and Flinders Lane, the development is set to continue the swell of popularity in the CBD’s western precinct.
“9 Downie Street is poised to become a landmark residential building that offers future residents immediate access to all that makes Melbourne the world’s most liveable city."
Mr Cameron said the west end of the CBD was emerging as Melbourne’s most popular apartment living precinct.
“This is due to a culmination of the opening of a new Ritz Carlton luxury hotel; an explosion of commercial and mixed use development in the precinct; the earmarked redevelopment of the former World Trade Centre; and a steady flow of new bars and world-class restaurants,” he said.
Mr Hobart said the premium site was surrounded by a rich supply of lifestyle amenity with access to the bustling South Wharf Promenade, Crown Casino Entertainment Complex and a multitude of bars and restaurants via the Flinders Lane culinary hub just minutes away.
“In addition to 255 apartments over 30 levels, the plans also include 294sqm of ground floor retail space ensuring the activation of another Melbourne laneway to be explored,” Mr Hobart said.
“The site offers close proximity to the Yarra River and inner city parklands, and is exceptionally serviced by transport, with immediate access to tram routes along Flinders and Spencer Street and Southern Cross Station."
The property is for sale by International Expressions of Interest, closing Friday October 28, 2016.