$50 Million Suburban Tower Approved For Frankston 1

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Wednesday, February 19th, 2014
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Frankston Waterfront
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Frankston has fast become a hot spot for dense residential and commercial projects due to its premier waterfront location and projected population growth.

Frankston City Council has now approved a 41-metre mixed-use tower that has been in the planning phase for over three years. The building will be located at 446-450 Nepean Highway, directly across from the recently upgraded 10-storey Peninsula On the Bay (formerly the Peninsula Centre).

The $50 million project is collaboration between Mount Eliza investor Greg Farmer and local architecture firm doig.architecture.

$50 Million Frankston Tower Approved

$50 Million Frankston Tower

Across its 11 stories, the building is expected to offer 10,500 square metres of office space, four residential apartments on a mezzanine ground floor and two podium levels that would offer views of Kananook Creek and the Bay.

Street level will feature approximately 600 square metres of retail space, the site will hold 367 car parks, 48 bicycle bays and 31 motorbike bays.

In terms of structure, Urban Melbourne report that the building’s exterior will feature “no less than 18 separate forms of metal, timber, glass and concrete” with blue and grey glass applied over the tower’s frontage. Furthermore, “clear glaze will define the streetscape while perforated patterned mesh screens will cloak above ground car park levels and feature beach and nature motifs.”

While councillor Brian Cunial said that while he liked the design of 450 he was not a fan of its height.

“I accept it will bring economic benefit but it doesn’t make sense to have tall buildings near the bay,” he was quoted as saying in the Mornington News.

Upgraded: Peninsula on the Bay

Upgraded: Peninsula on the Bay

Farmer said that, despite initial concerns raised, Frankston City Council predicted that up to 1,000 would shop and work within the new building.

The suburb of Frankston is as a benchmark for what infill development, in which projects are built within established areas in a bid to reactivate communities. Like many projects of this type, the tower will reduce suburban sprawl while providing housing to support growing population in the area.

Last year, the Frankston draft house strategy showed that  the City of Frankston will ­increase by 39,881 people between 2011 and 2031 – an ­average annual growth rate of 1.3 per cent.

“It is projected that ­between 11,022 and 17,160 ­additional houses will be ­required in Frankston City over the next 20 years to support anticipated population growth,” the streategy stated. “On average, the municipality will require approximately 551 to 858 new dwellings each year to meet projected demand.”

600 square metres of retail space

600 square metres of retail space

Research undertaken by Canberra-based organisation Healthy Spaces and Places indicates that neighbourhoods with a high population density, good land use mix, high connectivity and good provision of walking and cycling facilities are more likely to encourage walking and cycling for transportation.

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  1. Cam

    Frankstons and surrounding suburbs are booming!!!