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