Retail opportunities up for grabs at Melbourne’s flagship Scape Swanston student accommodation

Colliers International seeks food, beverage and retail service operators to lease ground floor of Scape’s student accommodation development at 393 Swanston Street

Food, beverage and service operators are being approached to lease the ground floor of Melbourne’s first Scape student accommodation development at 393 Swanston Street, duly titled Scape Swanston.

Colliers International’s Cam Taranto and Jarrod Herscu have been appointed to lease the 230sqm ground-floor space, marketing multiple options to retailers as split or combined tenancies.

Mr Taranto said the site represented an invaluable opportunity to be a part of Scape’s flagship purpose-built student accommodation in Melbourne, a 47-floor high-rise tower designed by architects, Denton Corker Marshall, and interior designers, Ab Rogers Design and Foolscap.

“Scape represents the new global standard for premium accommodation for students, millennials and young professionals, providing best-in-class designer apartments and common areas, and a buzzing social environment,” he said.

“Scape’s multi-site projects provide unparalleled opportunities for stand-out retailers.”

Mr Taranto said retailers interested in Scape Swanston could choose from a 50sqm tenancy up to occupying the entire 230sqm space.

“With gas, power, heating and cooling and the potential to trade all day every day, the site would suit food and beverage, convenience or retail service operators with strong operational records,” he said.

Mr Taranto said retailers would benefit from the high-exposure university precinct in the heart of Melbourne’s CBD, boasting dual street frontage to Swanston and Little La Trobe streets.

The site is located directly opposite RMIT University, next to the future CBD North metro station, seconds from Melbourne Central Shopping Centre and Melbourne Central railway station, and within walking distance of the University of Melbourne.

“Significant residential development is currently being undertaken in the immediate area, including construction of more than 750 student beds above in Scape Swanston and 1,150 residential apartments next door in Aurora Melbourne Central,” he said.

“The location is set to become one of the highest-density CBD blocks in the world and will benefit from increasing pedestrian traffic 24 hours, seven days a week.

“Retail vacancy within this pocket of Swanston street is at zero, so retailers are encouraged to enquire early.”

Scape is rapidly expanding throughout Australia and has projected more than 5,000 beds to be delivered across Melbourne, Sydney and Brisbane during the next five years.

Scape Swanston is due to open in January 2018.

Colliers International Melbourne CBD Retail Leasing Scape Swanston street student accommodation food beverage service operators commercial property

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