Salta/Medich – Preston Market Redevelopment – Victoria - Project Profile

Salta/Medich – Preston Market Redevelopment – Victoria - Project Profile

Synopsis

"Salta/Medich – Preston Market Redevelopment – Victoria - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "Salta/Medich – Preston Market Redevelopment – Victoria - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Salta Properties (Salta) and Medich Corporation (Medich) are planning to redevelop the Preston market in Victoria, Australia.

The project involves the construction of a mixed-use facility on 4.7ha of land and is being developed in four stages.

The first stage includes the construction of the main walkways, improved public amenities, parent rooms, new kids play areas, public walkways and a new customer information center.

The remaining stages include the development of the Preston Market surrounds include three apartment buildings namely Laneway, Station and The Loft, located near the northern quarter of the market.

It includes the construction of a 28-story apartment tower on West side of the property and food store buildings ranging from eight to 15-stories to the eastern side of 4.3ha property.

The project will feature up to 1,500 residential units, a retail space, restaurants and cafes, a swimming pool, parking facilities and the installation of safety and security systems.

NH Architecture has been appointed for designing two buildings named Laneway and Station.

Breathe Architecture has been appointed for designing a third nine-storey building called The Loft.

In November 2013, Salta and Medich lodged a planning application to the Darebin Council with an investment project.

Considering the current 10-story building height limits for the Preston area. A revised application was lodged to the council for the change in ordinances to enable the development in June 2014.

In February 2015, Darebin City Council rejected the planning application for a 28-story tower in Preston market.

In September 2016, council approved the first stage of the project.

Developers awaiting approvals for the remaining stages of the project.

Scope

The project involves the construction of a mixed-use facility on 4.7ha of land in Melbourne, Victoria, Australia.

The US$401 million project includes the following:

1. Construction of a 28- story apartment tower

2. Construction of 1500 residential units

3. Construction of retail units

4. Construction of restaurants and cafes

5. Construction of a swimming pool

6. Construction of parking spaces

7. Installation of safety and security systems

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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