The Terraces, a new commercial office project by Fortis in the heart of South Melbourne, are now advertising their leasing opportunities as the project moves further towards its realisation.
Designed by Fieldwork, The Terraces will be an eight-level marvel, with a site area of 855m² and an approximate net lettable area of over 3800sqm. The project’s end value is estimated at $49 million, with construction awarded to Cobild and an anticipated completion date set for Quarter 2, 2024.
Situated on Eastern Rd, a mere 2km from the city centre and conveniently close to Kings Way and the St. Kilda Road office precinct, The Terraces boasts a prestigious city-fringe location. This site is strategically positioned with direct access to Melbourne’s major arterial roads and key business districts, offering excellent proximity to multiple tram routes, the future ‘ANZAC’ Metro Station (currently under construction), Coventry Street, Clarendon Street retail districts, Albert Park Lake, and the historic South Melbourne Markets. South Melbourne, with its diverse culinary offerings and laid-back ambiance, provides the ideal backdrop for The Terraces, making it not just an office space but a lifestyle destination.
Designed with meticulous attention to detail, The Terraces offers end-of-trip amenities reminiscent of a five-star hotel. The amenities include private access to secure bike storage, well-appointed showers, change suites with full-size lockers, and convenient ironing and grooming stations. These amenities are geared towards ensuring occupants arrive and leave looking their best, combining functionality with luxury. The project will also be adorned with transformative landscaping by Openwork.
In conjunction with Pallas Capital, The Terraces adds to a growing mix of modern architecture in South Melbourne. Colliers Commercial Leasing team is now actively advertising leasing opportunities, opening the door for businesses to become part of this vibrant commercial community.
As the construction progresses under the capable hands of Cobild, the completion date remains on track for Quarter 2, 2024. The Terraces is set to redefine the conventional office space, offering a haven of tranquillity and wellbeing for those who seek to balance work and nature in the heart of one of Melbourne’s most desirable locations.
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