Pellicano Unveils $260m Moorabbin Common Grounds

Diversified developer Pellicano has unveiled plans for its latest large-scale mixed-use hub, the $260m, 3.14ha Common Grounds, an office, medical, retail, and hospitality precinct that will bring commercial space, community amenity and 1.2ha of green space to Moorabbin.

The permit-approved Common Grounds encompasses 35,000sqm; 32,000sqm over five office buildings – which include co-working spaces – plus 2,000sqm of retail offering, a dedicated stand- alone 400sqm wellness studio, and a food and beverage precinct, centred around a landscaped alfresco courtyard, to be named Parkside Collective.

Each element of the project’s design has been considered against leading sustainability rating systems, it is targeting a 5-Star NABERS rating and a 5-Star Green Star rating with energy efficient 99kw solar PV system, provision for battery storage, rainwater harvesting and recycling – including rain garden and native vegetation to 75 per cent of the landscaping.

The green space and public parkland, which encompasses 40 per cent of the site, includes a basketball court, playground, curated urban art, and spaces to be utilised for community events, markets and activations.

Designed by FJMT Studio, Common Grounds will become a lifestyle-led commercial precinct that incorporates many of the work-from-home benefits that the modern workforce has become accustomed to; an orientation that maximises natural light, outdoor exercise spaces and green parklands will define the project.

FORMium will lead the landscape architecture, which is set to include over 23,000 new trees and plants, with GIW responsible for the project’s environmental solutions.

Common Grounds – designed to work together as a family of interconnected and complementary buildings – will also feature premium end-of-trip facilities, complementing the 1600+ car parks, the 150 bicycle stations and accessibility to public transport.

Pellicano has also commissioned a cloud-based app for Common Grounds, designed to keep the community connected, informed & engaged, as well as manage tenant requests, bookings of common areas, events and more.

Moorabbin is in the midst of a business-led transformation, as the lifestyle benefits of suburban commercial property continues to be a strong drawcard, believes Pellicano managing director Nando Pellicano.

“From the outset, in conjunction with our great team of consultants lead by FJMT, we wanted to create a truly impressive integrated mixed-use business park which employees and customers are now demanding.

“Last year’s shift towards work-from-home also drove a simultaneous change in the needs of commercial tenants and employees, away from the CBD and with a focus on amenities like green space, wellness facilities and first-class end-of-trip offerings – that’s what the workforce has become more accustomed to.

“We think that precincts like Common Grounds hold the key to bringing people back to the office and reinvigorating the surrounding suburbs – by creating lifestyle-led commercial offerings that also contribute to the local area, we think the workforce will respond positively and start opting for on-site over work-from-home.

“Because the entire project will all sit under Pellicano ownership with hands-on management, we see Common Grounds as a crafted mixed-use precinct, where we can curate the type of retail providers we need, activate areas at different times for entertainment and wellness, provide value-add services to our clients, and create a village-type atmosphere, where people feel they belong.

“This feeling among the precinct will be further reinforced by our cloud-based community app, which allows people to stay connected and engaged with the precinct and each other.”

Common Grounds will commence stage one construction at the beginning of 2022, and is scheduled for completion in 2023.

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About Warwick Petschack

Warwick has over 25 years of property investment and management experience. Principally responsible as Managing Director for Capital Management Australia and Joint Managing Director for Chauvel Capital Partners and Editor of Australian Property Markets News.

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