After a tumultuous few years, there is a lot of speculation about what 2023 will have in store for the commercial property sector. One recent report from Barrenjoey forecasts that office vacancy rates in Melbourne CBD could rise to as much as 20 per cent, while analysts are forecasting an average 10 per cent fall…
The precinct is set to deliver $3.4 billion to local economy, city-defining infrastructure and the largest medical hub in the north. Establishing more than 7,200 jobs and critical healthcare, housing, employment and commercial infrastructure, New Epping will deliver unrivalled economic benefits to the vibrant and rapidly-growing City of Whittlesea, giving shape to its presence as…
At the core of Riverlee’s asset management practice is an integral focus on uplifting the tenant and customer experience. Over the course of the year, Riverlee’s asset management portfolio has received state-of-the-art upgrades, alongside the completion of several speculative suites. Underpinned by considered and human-centred design principles, these significant investments continue to facilitate the return…
Town planning and demolition work at In The Hanging Gardens in nipaluna / Hobart are underway, marking the commencement of Stage 1 works on the CBD precinct as plans for the city’s cultural revitalisation progresses. Motivated by a shared aspiration to leave a lasting and impactful legacy, Riverlee and DarkLab’s vision for In The Hanging…
Welcome to the October edition of our newsletter. After what’s been another busy quarter, it’s fantastic to reflect on the accomplishments of the Riverlee team and the project partners we proudly work with. Kevin Lee Managing Director, Riverlee
On August 4, Riverlee Development Director David Lee presented at The Urban Developer’s Urbanity conference on the Gold Coast, providing an insight into how Seafarer’s rich history and riverfront site conditions paved the way for the project to deliver a new gold standard in urban renewal. Reactivating a forgotten part of the city, and breathing…
Nonda Katsalidis AM, Founding Partner of renowned architecture firm Fender Katsalidis, is celebrated for lighting up the Melbourne city skyline with landmark Australian buildings including the Eureka Tower and more recently Australia 108. In this Q&A feature, Nonda discusses his latest waterfront project on the north bank of Melbourne’s Yarra, Seafarers, and how it embodies a new era of luxury apartment living as Australia’s first 1 Hotel and…
Riverlee is pleased to announce that New Epping’s Stage 1 Residences are now structurally complete. The milestone was commemorated with a topping out ceremony on May 13, with project partners Hacer Group, Haven; Home, Safe, MGS Architects and the National Australia Bank in attendance. New Epping project director Ben Rowe said the building works, led…
Construction is now underway at our next-generation work precinct, Belrose. Located in the heart of the Bayside Business District in Cheltenham, Belrose is comprised of two distinct stages. Melbourne-based Clarke Nicholas Construction has been appointed as the South stage builder, with Merkon Constructions selected to complete the North stage works. Both builders have been chosen…
Works are now complete on the new end-of-trip facilities at 379 Collins Street. The exclusive and boutique facility includes a bike store with 42 secure bike racks and a bike repair station, as well as change-rooms with 72 lockers, six showers and grooming stations. This is part of the $11.3 million we have invested into…
Construction has officially commenced at Riverlee’s $550 million Seafarers development, making it the largest private construction project to begin in Melbourne since the beginning of the pandemic. This exciting milestone was marked with a groundbreaking ceremony attended by Lord Mayor of Melbourne, Sally Capp. The landmark 18-storey project will sit on the riverbank at Melbourne’s…
The Northern Private Hospital is one step closer to serving Victorian residents in the northern region, with construction on the state’s newest hospital officially underway. Located in New Epping’s seven-hectare health, wellness and knowledge precinct adjacent to the Northern Hospital, the Northern Private Hospital will deliver extensive medical, surgical, and mental health services to the northern region…
