CASE STUDY
PROJECT TYPE
SECTOR
PROJECT TITLE
LOCATION
PROJECT VALUE
CLIENT
Riverwood Apartments
PROJECT TYPE
High Quality Residential
SECTOR
Private
PROJECT TITLE
Riverwood Apartments
LOCATION
ALPHINGTON, VIC 3078
PROJECT VALUE
$65 MILLION
CLIENT
REX AVE DEVELOPMENTS P/L
WHAT WE DID
- 01 CREATE
- 02 DEFINE
- 03 PROCURE
- 04 DELIVER
DEVELOPMENT PROPOSITION
An existing permitted development site was acquired by Rex Ave Developments.
HOW WE RESHAPED THE VISION
This opportunity yielded a boutique high-end residential development on the banks of the Yarra River. Reshape Development drove a re-design process that secured an improved highest and best use planning proposition comprising 10 townhouses and 72 apartments across four buildings.
FOR THIS PROJECT
- The permitted design was not feasible: Working with the client, Reshape Development improved the yield and amenity of the development and obtained town planning approval for the amendments.
- The value of the design had not been maximised: Approved design changes drove improved value and enabled the client to achieve an excellent sales rate.
- Acquisition delays affected projected returns: Demolition and contamination removal were packaged as early works ahead of main contractor selection to save cost and time.
- The site was subject to an Environmental Audit Overlay: We managed a sensitive parkland interface, audit requirements, and site remediation to enable a statement of compliance.