Spanning 1,650sqm with 50 metres of dual frontage across Bridge Road and Palmer Street, the site offers a rare presence in one of Naarm’s most dynamic and evolving suburbs.

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, says the company’s Bridge Road acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum. After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects,” he says.

“Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

Within close proximity to the CBD and rich in culture, the location provides exceptional connectivity and everyday convenience, meeting strong demand from young professionals and downsizers seeking amenity-rich homes.

Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.

Envisioned as an “urban lantern,” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens says the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today,” he says.

“With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Images: 487–495 Bridge Road / supplied

Clémence Carayol

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