26 July 2013
A Modern Vision for a Site Rich in History
A 9000-square-metre site dotted with century-old elms will provide a beautiful backdrop to a modern apartment block designed by Fender Katsalidis. It will have a sprawling park designed by Paul Bangay as its frontispiece.
Parque is at 557 St Kilda Road, on the corner of Moubray Street, and will be built on a site occupied by the Victorian Institute for the Blind since the 1860s.
Landscape designer Bangay will create a 6000-square-metre residents’ park by restoring and incorporating century-old elm trees into a design that will honour the Victorian setting.
Fender Katsalidis’ design, however, will be unashamedly modern – built around two curving-glass towers, one of 11 levels and one of 19, set either side of an eight-level block topped by an infinity pool.
On a corner site opposite Wesley College, the buildings will be set towards the back of the block, allowing a ”walk through the park” to the development’s foyer.
A project from SP Setia, Parque will have 332 apartments in a wide range of sizes and floor plans.
One-bedroom apartments range in size from 45 square metres to 58 square metres, with prices beginning at $375,000. Those with studies are 55 to 65 square metres and begin at $525,000.
Two-bedroom apartments range in size from 66 square metres to 80 square metres and begin at $620,000.
Three-bedroom apartments begin at $1,090,000 and are a huge 108 square metres to 134 square metres.
The 205-square-metre penthouse is $3.1 million.
For many buyers, the location close to the city (and Prahran, St Kilda and Albert Park Lake) but with large private gardens will be a drawcard, and the curved design maximises views of the greenery.
All apartments have open-plan living areas that end in a balcony, and residents will have use of the Parque Club, on level 11, which will include a pergola-covered barbecue area, a residents’ lounge and library, and a terrace overlooking the gardens.
A rooftop pool on level eight of the building’s lowest section will contain the heated 25-metre infinity pool and an outdoor lounge with city views.
Similarly stylish will be the development’s foyer, which will have a 70-metre-long area fitted with a mirrored ceiling, ”gold” columns and marble desk. Parque will have a 24-hour concierge.
CBRE (phone 1300 002 525) is marketing the project, and a display suite will be open late next month. Construction is expected to be finished by mid-2016.