Developer Fortis has secured planning approvals to develop a new $300 million mixed-use precinct in Richmond, Melbourne.  

Located at 8 Brighton Street and 5 Wiltshire Street, the project will span 15 blocks of land to form one major development in the city-fringe suburb.  

Fortis acquired the 5 Wiltshire Street property for about $33 million and the 8 Brighton Street site for about $20 million. 

Design studio SJB is designing both sites and Pallas Capital will fund the development. 

The approved plans include the creation of a pedestrian-priority food and beverage retail boulevard along Wiltshire Street, opening up and connecting Brighton Street with Little Lesney Street, and creating six leasing opportunities.  

“Our approach with our Richmond projects is similar to our work in Double Bay, where we have considered not just the development of our sites, but also how it could enhance the broader neighbourhood,” Fortis Director Charles Mellick said. 

Fortis Director Charles Mellick

“The project will bring to market exclusive food and beverage amenities for approximately 1500 workers and over 150 residents who will call it home, along with the wider Richmond community. This is one of the most substantial site acquisitions for the suburb and the Melbourne city-fringe area.  

“With an expected end value of approximately $300 million, we are confident that the project will set a new standard for premium commercial and residential space in the area.”  

Fortis plans to develop 12 levels of mixed-use space on the 1,298 sqm Brighton Street site, with ground floor retail and commercial space on two podium levels, in addition to 55 apartments across nine levels. 

The developer plans to build 11 levels of commercial space on the 1,432 sqm Wiltshire Street site, offering 11,000 sqm of net lettable area.  

It will feature an activated rooftop with barbecues, a bar, wellness areas, workspaces and communal social spaces. 

Pallas Group is the parent company of real estate financier and investment manager, Pallas Capital, and property developer, Fortis.