NEW apartment developments are transforming Melbourne’s inner city suburbs like Richmond.
While the introduction of new architecture that both complements and contrasts the inner suburbs’ industrial and period streetscapes, they are doing something else — bringing waves of new people to the inner city.
Richmond is renowned for how it has transformed its neighbourhoods, where factories once plied their trades, into an inner hub bustling with renovated Victorian and Edwardian houses and converted warehouses.
But apartment developers have long targeted Richmond for new constructions, with projects becoming bigger and bolder as buyers show more interest in the suburb.
Biggin & Scott, Richmond, agent Andrew Crotty said the lifestyle that Richmond offers is attracting all sorts, though he sees the biggest draw from downsizers wanting to get closer to family and the action.
“We’ve got a lot of empty nesters who have sold their house in Hawthorn or Canterbury and are moving closer to the city,” Mr Crotty said. “We’re getting a lot of buyers from Port Melbourne and other inner suburbs.”
Little Projects general manager sales and marketing Fergus Humphries the number of people moving into new apartments in suburbs like Richmond was having a positive impact on popular strips like Swan St and Bridge Rd.
Mr Humphries said while many thought extra people would create traffic problems, many left their vehicles in basement carparks as they could often walk or take public transport to enjoy lifestyle activities and get to work.
Little Projects is set to launch Dux Richmond Hill on Bridge Rd next weekend.
The development will feature 175 one, two and threebedroom apartments and townhouses, with residents facilities, like a swimming pool, on level 8 so all tenants can enjoy the views.
The project, designed by Rothelowman with Mim Design taking care of interiors.