Private developer, Bamfa Properties has submitted plans to the City of Yarra for a $350M, office project at 484-488 Swan Street, Burnley.
It comes following the developer’s sale of neighbouring 480 Swan Street to Charter Hall. The site is set to become a $400M head office for Australia Post, who will relocate from the CBD.
Made up of 27,000sqm total office space and offering floor plates of up to 2,400sqm, this latest project will offer exceptional views south over the Yarra, East over Hawthorn/Camberwell and north over Richmond, plus views to the city with substantial garden terraces benefiting most floor levels.
Designed by Cox Architecture, the same team behind the Australia Post building, the proposed office is one of the area’s first true post-Covid designs and seeks to resolve the problems created as a result of the pandemic.
“ 484 Swan Street has been designed to put people first through a socially connected and engaged workplace community that offers the amenity, culture and convenience of Richmond’s city fringe location with the benefit of direct and easy access to the CBD,” said Cox Architecture Director, Simon Haussegger.
The neighbouring sites combined will create a $750M office precinct on the last remaining parcels in the sought-after commercial hub, adjacent to Burnley Station.
The proposed development is set to allow for 2,500 people daily, adding to the 3,000 workers ready to converge on the area when Australia Post moves in.
These commuters will be serviced by Burnley train station which sees arrivals from four of Melbourne’s busiest train lines, trams, and uncongested access to the freeway/Burnley tunnel.
Bamfa Properties Managing Director, Adam Agosta said Burnley’s super-connectivity was a drawcard for businesses looking to future-proof their office space.
“ Business leaders are up against the work from home revolution. Certainly, making it easy for people to return to work is high on the agenda in the early conversations we are having with prospective tenants,” said Agosta.
“ Undeniably they’re also attracted to rents in Burnley when compared to the CBD. For some of these businesses they could save up to a third of what they are currently paying,” he continued.
“ This project, along with the Australia Post building will add 60,000sqm of office space to the Burnley commercial precinct which will soon become one of Melbourne’s most vibrant city fringe locations,” Agosta concluded.
The project will be targeting best in class tenants and aiming for Net Zero Carbon, 5.5 NABERS rating and 6 Star Greenstar energy rating.
Plans are currently before the City of Yarra with an outcome expected this year.
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