Lend Lease turns its focus on people

Lend Lease will continue to focus on the residential market over the next 12 months.

The developer last month received planning approval for its dual apartment tower project on Collins St and plans to launch other residential projects over the next year.

Already 70 per cent sold, construction of the first of the Collins St buildings began at the end of last month.

The twin developments, located on the waterfront at 889 and 883 Collins St, each feature a podium, a 29-storey tower, and a 23-storey tower.

Combined the developments will add 1064 apartments and 18 mixed-use suites to Victoria Harbour.

According to Lend Lease’s project director for Victoria Harbour, Tim Campbell, the current phase of development in Victoria Harbour is all about people.

“Together with two residential projects currently under construction, Concavo and 888 Collins St, these projects will add 1820 residences to the precinct over the next couple of years, which will triple our residential population and help deliver on our vision to create a true mixed-use community,” Mr Campbell said.

“Architect Koichi Takada’s fluid designs will define these rare Melbourne buildings that combine both a Collins St and waterfront address.”

“We’re seeing strong demand in the precinct and plan to launch further residential projects in the next 12 months,” Mr Campbell said.

“It’s exciting to see the community develop as the residential population increases.”

Apartment prices will range from $395,000 to $1.8 million and the buildings will feature a pool, gym, lounge, rooftop terrace and outdoor dining and lounge area.

Construction of both developments is due for completion in October 2017.