Award-winning luxury developer Kokoda Property Group has acquired 487–495 Bridge Road, Richmond to deliver a mid-rise residential address with integrated wellness amenities and a vibrant ground-floor retail and dining offering.
Spanning 1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street, the site offers a rare presence in one of Melbourne’s most dynamic, evolving suburbs. Within close proximity to the CBD and rich in culture, the location offers exceptional connectivity and everyday convenience, and will meet strong demand from young professionals and downsizers seeking amenity-rich homes.
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.
Mark Stevens, Kokoda Property Group’s Founder and Managing Director said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.
“Melbourne is regaining momentum. After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.
“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development,” said Mark.
Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.
Mark Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.
“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”
Kokoda Property Group will now progress concept design ahead of a future planning process.
To learn more about Kokoda Property Group, please visit kokodaproperty.com.au.
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