Geno Hubay’s development company, Monno, has secured approval from the Victorian Department of Transport and Planning for its latest mixed-use endeavor in Geelong. The green light has been given for the Moorabool Street project, situated on a 917 square meter plot at 61-71 Moorabool Street, boasting three distinct street frontages along Moorabool Street, Corio Street, and Emerald Place, offering scenic views over Corio Bay.
Crafted by JCB Architects, the proposed plans outline a 12-storey tower encompassing ground-level retail and hospitality spaces, a first-floor commercial office area, and 58 residential apartments across the remaining levels. Monno is poised to contribute to Geelong’s laneway culture by incorporating innovative spaces within the Moorabool Street project.
The development will also feature four levels of basement parking, providing 79 car spaces and 73 bicycle spaces. Monno estimates the project’s end value to be $75 million. Remarkably, the building is slated to be carbon neutral, fully electrified with renewable energy sourced through an embedded network. Passive design elements will be integrated to achieve an impressive NatHERS rating of 7.5 stars.
The project’s commitment to enhancing Geelong’s cultural landscape is further evident through covered arcades, active street frontages, public spaces, and a residents-only rooftop area. Aligning with the Greater Geelong Planning Scheme, Corio Street has been designated as a key street for laneway culture.
This ambitious project will replace an existing two-storey brick office building on the site, with Monno planning to launch sales in the early months of the upcoming year. Acre is the appointed landscape architect, while Hip V Hype provides environmental design consultation and advice.
Monno’s expansive portfolio includes a $1.25-billion pipeline of projects, with $200 million currently under construction. Notable ventures encompass the recently appointed builder for the $130-million Stella Maris residential project in Rippleside and a $70-million office building in Cremorne.
Geno Hubay expressed confidence in Monno Geelong as a strategic investment opportunity, citing the Stella Maris development as a testament to Monno’s commitment to the region.
Despite recent Geelong Activity Centre Zone controls stipulating a six-storey preferred height limit, Victorian Planning Minister Sonya Kilkenny granted approval for the 12-storey tower. Looking ahead, central Geelong is expected to undergo substantial growth, with a projected population exceeding 16,000 people and employment and services catering to over 60,000 individuals within the next 30 years.
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