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Discussion Starter · #1 ·
Trenerry Property's massive West End project, on an old Australia Post site, has taken a while to start, but there are three piling rigs on site now, plus earth moving equipment. There will be four buildings, with 350 apartments and a 92 room Adina Grand hotel, plus extensive gardens, in a large site bounded by Dudley, Adderley and Rosslyn Streets and Bluestone Lane. The tallest tower is The Adderley, on the corner of Dudley and Adderley, just along from Festival Hall. By Carr Design, it takes its curved, undulating shape from West Melbourne's old silos. Another tower is dubbed The Mailhouse, in a nod to its former owner. The first render is The Adderley, with a couple of pics of the site, as demolition began. The second render is the overall site, with Festival Hall in the right foreground. The next pic is a shot of the site billboard, giving a view of the varied buildings planned on the site. I've re-posted an UrbanDeveloper article, from April, '18, with details of the project. Final shots were taken today, with the piling rigs and the display centre/café in Rosslyn Street. The site is opposite the Red Cross Blood Bank, in Dudley Street, with the large Melbourne Village site on the south side of the Blood Bank, in Batman Street.

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https://urban.melbourne/forum/west-...et-multiple-buildings-mixed-use#comment-30168[/QUOTE]

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MON 23 APR 18
Trenerry’s $300m West End Project Ready to Go
https://theurbandeveloper.com/artic...76&utm_source=email&utm_term=Continue Reading

Trenerry Property Group has unveiled the latest addition to their $300 million, four-building, “West End” development, with plans to start construction on the West Melbourne site in July.

Trenerry are undertaking the development in collaboration with Victor Smorgon Group and the Kanat family, with the two private investors joining Trenerry on the project in early 2017.

Sitting on a 9,200 square metre site, “West End” comprises 350 apartments across four residential buildings including the 14-storey “Adderley”, eight-storey “The Foundry”, 11-storey “The Spencer” and the 11-level “Mail House”.

Four architecture firms have been appointed to design the buildings: Hecker Guthrie, Carr Design Group, Mim Design and Six Degrees. CHT Architects are the principal architect, and ARM Architects are the masterplan architects.

Accompanying the apartment buildings will be a 92-room, five star Adina Grand hotel. The precinct will also deliver a hotel, 24-hour concierge service, supermarket and medical centre, a public park, day spa, pool, gym, 50-seat cinema, dog wash and dog-walking service, and half-an-acre of private landscaped gardens and a 24-hour concierge service.

Trenerry originally purchased the almost one-hectare site from Australia Post in 2015 for a reported $45 million.

“West End brings the best in design together for the first time to create what will be an eclectic community that has a passion for great design at its core,” Trenerry Property director Robert DiCintio said.

“Great design, complemented with a unique masterplan and amenity offer, makes life better, people happier, communities stronger – West End will be a major energiser for this suburb, which reminds us of Brooklyn 10 years ago.

Mailhouse1
The newest building to launch, the Mailhouse, will feature 98 one, two and three-bedroom apartments over its 11 levels, as well as providing its own hotel-style services and amenities, like room service and cleaning as well as almost 2,000 square metres of gated resident gardens including a 25-metre lap pool, gym, spa and relaxation retreats.

Construction is expected to start in July, with the developer hoping to appoint a builder by early-June.





 

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Discussion Starter · #17 ·
An Urban Developer article announces a construction start on West End, whilst we've been posting photos of construction, along with two cranes, for some months. I guess the main interest in the article is the financing. I've added some info on the Adina Grand component, from Trenerry's website.

Qualitas
Dinah Lewis Boucher
Wed 27 Mar 19

Construction Starts on $345m Apartment Development in West Melbourne

Developer Trenerry Property Group is defying headwinds in the apartment sector, kicking off construction this week on its $345 million mixed-use development project in Melbourne's West End.
The developer has secured “one of the biggest” private funding deals recently, with real estate investment manager Qualitas backing $250 million in senior debt to fund construction of the five-tower project on the city fringe site.
When complete the mixed-use precinct will deliver 377 residential apartments across four towers, along with a 99-room Adina-branded hotel.
Melbourne-based builder Hacer has been appointed, with a construction completion date slated for late 2020.
Related: Crown Group Partners with Boutique Developer on Melbourne Towers

Backed by wealthy Kanat and Smorgan family groups: Trenerry Property Group's $345m development in West End.
Supplied

The project is backed by development consortium made up of the Smorgon family, Kanat family, and Trenerry Property Group.

While funding for larger scale developments has become increasingly tough amid declining building approvals across Australia, Trenerry Property Group director Robert Dicintio says the construction commencement represents confidence in the market and a boost to the local economy.
Dicintio says the financial backing is believed to be one of the largest construction finance deals for a privately-owned developer in the past 12 -18 months.
Related: Developer Launches Four Towers in Melbourne

Renders of 'The Mailehouse' and 'The Spencer' in West End.
Supplied

Non-bank finance
Major banks have reduced their exposure to commercial real estate debt as a result of increased regulation and capital requirements, leaving many developers looking for alternative finance.
Qualitas managing director of real estate finance Tim Johansen said the consortium’s decision to work with Qualitas reflects the financial climate for construction funding.
“When we consider an investment, we look for both quality projects and a quality sponsor – West End meets both of these criteria,” Johansen said.
The interior of each building was designed by different architects, ranging from Hecker, Carr Design, Guthrie, Mim Design and Six Degrees, while CHT Architects was appointed as the principal architect across the entire project.
Related: Melbourne Knocks Off Sydney as Top Australian City for Investment

The Adderley, planned for 185 Rosslyn Street West Melbourne.
Supplied

Dicintio says more than three-quarters of the project's apartments have been sold to date.
“West End’s success can provide confidence to the market that good quality projects that deliver tangible social and retail benefits are still selling well and attracting interest from major funding providers,” he said.
The 185 Rosslyn Street West End site was secured in 2014 for $40 million.
The development will offer more than 6000sq m of retail and commercial space when complete.
Public amenities will include a 500sq m park to be owned by City of Melbourne, a retail arcade, childcare centre, IGA supermarket, a medical centre, restaurants, bars, and a day spa.
Apartments will range from $425,000 to $6 million.

ADINA GRAND HOTEL



Inspired by the Flagstaff Gardens and the tranquility of West Melbourne, the new concept, ultra urban Adina Hotel embraces boutique 5-star living. Understated architecture pulls the gardens into the building, with a lush atrium at the lobby foyer echoing life in the rainforest floor. A magical sensory experience, the lobby celebrates the sounds, textures and fragrance of nature. A sophisticated reception features mirrored ceilings, sculptural brass details and geometric green walls, cleverly illuminated to evoke a sense of mystery.

https://theurbandeveloper.com/artic...ed&utm_source=email&utm_term=Continue Reading
 

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Discussion Starter · #18 ·
Formwork for the first slab is going up, and they're removing the earth ramp at the eastern end. A Monday RDO, but they were working on the ramp today.



 
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