An Update on Serrata and the Docklands Community

July 5, 2010 § Leave a comment

Inset: Graphic design of proposed Serrata Interiors by Vivas LendLease

An ongoing discussion between LendLease and the Docklands Community continues regarding their new development called ‘Serrata’.

The Serrata apartment tower is set to take shape at 815 Bourke Street, and will be a 15-level, 144-unit complex, between Victoria Harbour and the Yarra River. A Vivas Lend Lease representative says the development provides an opportunity for Generation Y “first home buyers” with a desire for city living to get into the market. One bedroom apartments are priced from $385,000.

Vivas Lend Lease say they have been encouraged by the council to build more residential developments at Victoria Habour. Community members and purchasers of Montage and Mosaic (also by Vivas Lend Lease) feel that the Serrata apartments were not described adequately to them, and that mis-representation over the nature of the new block had occurred.

According to the Docklands News, Director of Lend Lease Hugh Martin has said that the system of approvals for new developments in Victoria is flawed. When asked why Lend Lease did not consult the community earlier, Mr Martin said that ‘You can’t display a master plan until it is approved’.  He re-iterated that it was a Government-driven site, and that consultation needed to primarily be with the Government initially. It sounds like the old dilemma of chicken – before – egg in the case of the Victoria Habour development.

What do you think of Serrata? Will it be deleterious to the quality of lifestyle and value of apartments at Montage and Mosaic? J.C Street eagerly look forward to the unveiling of the master plans for this development.

 

 

Serrata Docklands – Will it go ahead?

May 10, 2010 § Leave a comment

 

Lend Lease and Victoria Harbour residents don’t seem to be looking eye to eye over the developer’s proposed 15-storey residential tower in Bourke Street.

Recently a community meeting was faciliatated by Teys Strata Management with key stakeholders present. The body corporates of the Mosaic and Montage have suggested that they were misled by Lend Lease when purchasing their own investments several years ago. They claim they only ever expected low-rise community living.

Lend Lease say that the State Government wanted more inner-urban dwellings built, and as such encouraged Lend Lease towards higher density building. Lend Lease representative Ben Coughlan did show residents plans and drawings of the proposed development.

It will be called Serrata and will be constructed nearby to the Montage and Mosaic apartments. It will be a suggested 15 storeys, housing approximately 144 apartments. Most of the apartments will be one bedroom units without carparking.

The price range is intimated to be between $385,000 and $750,000.

This will be an interesting development to watch – previously Docklands was very much a ‘whiteboard’ without a community to consult – a developer’s dream you’d probably say. Now however, Docklands has developed into a thriving community – a community which wants its opinions and voices heard.

Disclaimer: This article is written to inform but is a personal opinion only. No information herein should be used to make any financial decisions or otherwise based upon.

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