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Construction Update - Precinct

The Industry Lanes precinct construction timelapse

Construction progress

Industry Lanes Timelapse

Hub Australia and 1R to offer premium amenity at Industry Lanes

Hub Australia, the largest privately-owned flexible workspace provider in Australia, has partnered with Salta Properties in a 12-year lease to secure two floors at Industry Lanes, Salta Properties and Abacus Property Group’s commercial and mixed-use precinct at 459-471 Church Street, Richmond.

Situated on the fringe of Melbourne’s CBD, Industry Lanes will offer a range of futuristic, innovative and comfortable working environments that transform the lines between working and living.

Hub Australia will occupy 3000sqm of space on the fourth and fifth floors of Industry Lanes, and will incorporate a café, business lounge and a concierge, plus a large 200sqm wrap around terrace with stunning city and suburban views.

Salta Properties’ Managing Director, Sam Tarascio, said he is thrilled to welcome Hub Australia to Industry Lanes in a newly formed flexible workspace partnership and long-term tenant.

“Hub Australia is a leader in the co-working space sector and we hope their clients enjoy working from Industry Lanes, it’s a new world workplace for the new world employee”

“Industry Lanes had been designed with the needs and desires of employees top of mind. The development offers first-class amenities with an activated internal courtyard and is conveniently located three kilometres from the CBD, with public transport and urban green spaces only minutes away,” said Mr Tarascio.

CEO of Hub Australia, Brad Krauskopf, said he has watched the Richmond and Cremorne area develop into Melbourne’s equivalent of Silicon Valley, and is excited that Hub will soon offer Industry Lanes as a premium co-working and office space.

“We believe appropriate workplace design helps drive creativity and productivity, plus caters to enterprising workforces with ever-increasing appetites for wellness and socially engaging areas. Industry Lanes is unique in the way that it has pulled this together,” Mr Krauskop said.

“Over the past decade, we have seen co-working evolve to include premium hospitality-led offerings, which Hub offers. We feel there is a great opportunity for our product to support the professionals, scale-ups and corporates that now choose Richmond as their preferred location for their offices,” Mr Krauskopf concluded.

1R, a new, no contract, high-octane fitness offering that will get the endorphins pumping, have also signed on as tenants of Industry Lanes. 1R will have its 450sqm state-of-the-art subterrain fitness studio over the ground and basement levels.

Richard Hansen, Victorian State Manager for Hansen Yuncken, the construction company that is building Industry Lanes, said the precinct will soon offer a world class commercial campus and exciting retail opportunities.

“Earlier this month, the construction of Industry Lanes reached the pinnacle of the construction process, known as topping out, with the formal completion of the commercial office towers.

“It’s an exciting stage of development, as we can now see the building’s final structure. Over the coming months, the façade will be finalised, the buildings will be made watertight and the tower cranes will come down. We will then deliver the final fit out and finishes to complete this innovative precinct’s three buildings and common areas, which include a mix of retail spaces, communal facilities, open-air courtyards, shared work zones and eateries.”

The site has a net lettable area of 18,000sqm, which includes 1,346sqm for retailers, 490sqm end of trip facilities, plus 160 carpark spaces, all targeting a 5 Star Green Star rating.

Hub Australia, the largest privately-owned flexible workspace provider in Australia, has partnered with Salta Properties in a 12-year lease to secure two floors at Industry Lanes, Salta Properties and Abacus Property Group’s commercial and mixed-use precinct at 459-471 Church Street, Richmond.

Situated on the fringe of Melbourne’s CBD, Industry Lanes will offer a range of futuristic, innovative and comfortable working environments that transform the lines between working and living.

Hub Australia will occupy 3000sqm of space on the fourth and fifth floors of Industry Lanes, and will incorporate a café, business lounge and a concierge, plus a large 200sqm wrap around terrace with stunning city and suburban views.

Salta Properties’ Managing Director, Sam Tarascio, said he is thrilled to welcome Hub Australia to Industry Lanes in a newly formed flexible workspace partnership and long-term tenant.

“Hub Australia is a leader in the co-working space sector and we hope their clients enjoy working from Industry Lanes, it’s a new world workplace for the new world employee”
Sam Tarascio

“Industry Lanes had been designed with the needs and desires of employees top of mind. The development offers first-class amenities with an activated internal courtyard and is conveniently located three kilometres from the CBD, with public transport and urban green spaces only minutes away,” said Mr Tarascio.

CEO of Hub Australia, Brad Krauskopf, said he has watched the Richmond and Cremorne area develop into Melbourne’s equivalent of Silicon Valley, and is excited that Hub will soon offer Industry Lanes as a premium co-working and office space.

“We believe appropriate workplace design helps drive creativity and productivity, plus caters to enterprising workforces with ever-increasing appetites for wellness and socially engaging areas. Industry Lanes is unique in the way that it has pulled this together,” Mr Krauskop said.

“Over the past decade, we have seen co-working evolve to include premium hospitality-led offerings, which Hub offers. We feel there is a great opportunity for our product to support the professionals, scale-ups and corporates that now choose Richmond as their preferred location for their offices,” Mr Krauskopf concluded.

1R, a new, no contract, high-octane fitness offering that will get the endorphins pumping, have also signed on as tenants of Industry Lanes. 1R will have its 450sqm state-of-the-art subterrain fitness studio over the ground and basement levels.

Richard Hansen, Victorian State Manager for Hansen Yuncken, the construction company that is building Industry Lanes, said the precinct will soon offer a world class commercial campus and exciting retail opportunities.

“Earlier this month, the construction of Industry Lanes reached the pinnacle of the construction process, known as topping out, with the formal completion of the commercial office towers.

“It’s an exciting stage of development, as we can now see the building’s final structure. Over the coming months, the façade will be finalised, the buildings will be made watertight and the tower cranes will come down. We will then deliver the final fit out and finishes to complete this innovative precinct’s three buildings and common areas, which include a mix of retail spaces, communal facilities, open-air courtyards, shared work zones and eateries.”

The site has a net lettable area of 18,000sqm, which includes 1,346sqm for retailers, 490sqm end of trip facilities, plus 160 carpark spaces, all targeting a 5 Star Green Star rating.

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Industry Lanes Launch

Industry Lanes Topping Out

Industry Lanes Topping Out Event

Construction Progress

Construction  is progressing well on Industry Lanes.  Building A has been poured to Level 5 and Building B is poured to Level 2.

Construction Progress

 


 

Answer the Call

Construction Progress

 

This year marks our 50th year in business and although we never anticipated we'd be spending it in isolation, it's given us plenty of time to reflect and be grateful for how far we've come. Of course, none of this would be possible without our Founding Director, Sam Tarascio. Pre Covid we spoke to those around him to find out what makes him such a successful leader. #saltaproperties #salta50 #50years #loyalty #integrity #melbourneproperty #50yearsinbusiness #successstory #leadership

We don't know what post COVID-19 looks like but we do know that our fully financed Church Street project ‘Industry Lanes' will be ready for it. The site echoing urban Richmond, with three buildings stitched together by a common plane, features a mix of large and small spaces including retail, communal amenities, open air courtyards and shared work zones. Industry Lanes represents a glimpse of what the new working world will look like. #industrylanes #cremorne #richmond #churchstreet @hansen_yuncken #newworldworkplace

Richmond's most anticipated commercial development commences construction

Salta Properties and Abacus Property Group have marked the start of construction for their latest commercial development ‘Industry Lanes’, celebrating the milestone occasion with an official sod turn ceremony onsite at 459-471 Church Street.

With an end value of more than $230 million, Industry Lanes will offer a new-world workplace with a campus-style environment that connects the development’s three buildings located in the heart of Richmond, one of Melbourne’s most desirable office locations.

Salta Properties’ Managing Director, Sam Tarascio, is pleased to see the development progress and highlighted the evolving needs of businesses looking for modern day buildings that not only provide excellent workspaces but also cater to the growing desire for work life balance and a sense of community.

Industry Lanes isn’t just a building, it will become a brand new precinct with areas that are highly flexible, catering for both large and small tenants so that fast-moving businesses can expand at any pace, all within one integrated development.

Industry Lanes will offer a diverse precinct of multiple uses including 18,000 sqm of prime office space across two buildings, connected at ground with a distinct sense of arrival off Church street, retail and courtyard spaces, a stand-alone childcare facility and 181 car parks. The precinct will also feature a mix of large and small in-between spaces including retail, communal amenities, open air courtyards and shared work zones, creating an internal village that links to the existing the streetscape.

Managing Director of Abacus Property Group, Steven Sewell, highlighted the appeal to invest in the development and the strength of its partnership with Salta Properties.

The opportunity to leverage Salta and Hansen Yuncken’s proven expert capability in design and construction, together with the location being well serviced by public transport and positioned to benefit from ongoing gentrification, were key considerations for Abacus.

Designed by Architectus, Industry Lanes aims to foster a culture of innovation that appeals to fast-growth, dynamic and IT savvy businesses that understand their employee’s desire to work in a convenient and popular area that has everything at its fingertips.

Construction of Industry Lanes will be completed by Hansen Yuncken, which will see a workforce of almost 3,000 people on site throughout its build and a construction value of $90 million.

Scheduled for completion in 2021 Industry Lane’s first tenants are anticipated to move in soon after, with Colliers and JLL as the leasing agents.

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Salta Properties Partnership with Abacus Signals Start for Church St Development

Salta Properties has bolstered its plans for a major commercial development at 459 Church Street in Richmond after signing a partnership with Abacus Property Group (Abacus). The capital partnership arrangement with Abacus will see the prominent, city fringe site come to life, offering prime office space within one of Melbourne’s most sought after locations. With an end value of more than $230 million, the proposed office precinct will comprise of two premium office towers, a stand-alone child care and basement car park with more than 200 spaces.

Under the arrangement, Salta Properties will take lead on the development of the project, with construction company, Hansen Yuncken recently appointed as head contractor. Salta Properties’ Managing Director, Sam Tarascio, highlighted how the capital venture with Abacus will fast-track the development’s progress. “Salta’s partnership with Abacus will enable this milestone project to move at a faster pace by captialising on our expertise in commercial development combined with the financial backing from Abacus. As one of our most exciting commercial projects to date, 459 Church Street is set to become the flagship site in Salta’s portfolio, with the mixed-use precinct designed by Architectus for businesses looking to set-up a base in one of Melbourne’s most creative hubs,” said Mr Tarascio.

Pending a successful development planning outcome, Salta and Abacus have plans to start construction at 459 Church Street in Richmond mid this year and anticipate the first tenants will move in during 2021. The site is located next to a number of award winning cafés, restaurants and bars, as well as key public transport routes with Trams 70 and 78 and Richmond Station just a short walk away.

All enquiries regarding availability in this new precinct should contact Thomas Carter-Key, Development Manager Salta Properties on 03 9673 1111 or thomas.cater-key@salta.com.au

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Introducing OneFourFive Clarendon. Proudly positioned on Clarendon Street's city end, OneFourFive Southbank is an agile commercial space designed for future-focused businesses. This is a contemporary environment that reimagines the workspace, offering flexibly designed interiors, a light-filled open stairwell and generous outdoor terraces to promote collaboration and foster wellbeing. #onefourfiveclarendon #saltaproperties #officedesign #OfficeLease #MelbourneOfficeLease @architectus @Architectus

“We have made a significant investment in wellbeing at Nexus, investing an additional $5 million into the existing estate amenity and , environmentally sustainable development and infrastructure, designed to make Nexus extremely occupier friendly.” Sam Tarascio, Managing Director, Salta Properties. The upgrade will include the introduction of a 24/7 Gym, upgraded end of trip facilities and a new outdoor running circuit and exercise equipment, as well as other initiatives.

Salta Properties' sale of 1956 Dandenong Road, Clayton contributes towards realising the company's vision of investing in premium commercial and residential developments. Salta plans to inject more than $90 million into future development at Nexus Corporate in Mulgrave, which currently has 50,000 square metres of office space and another $400 million at Victoria Gardens East, an integrated, mixed-use development set to become a key project in Salta Properties' plans for the expansion of Victoria Gardens Corporate, Victoria Gardens Shopping Centre and ‘Build to Rent' apartments in Richmond.