DealCorp is transforming a prominent site in the prestigious Melbourne suburb of Glen Iris into a residential and mixed-use precinct at the gateway to Gardiner Station.

Slated for completion later this year, the $100 million Glenarm Square will be comprised of 120 apartments along with an 800 square metre ground level retail and commercial plane, complemented by a suite of luxury resident-only facilities.

DealCorp executive chairman David Kobritz said the project represented a progressive approach to the re-development and revitalisation of key in-fill sites, particularly in well-renowned locations like Glen Iris where the median house price sits at over $2 million.

“Our aim is to bring low maintenance and affordable living to inner Melbourne. Glenarm Square will be a stand out example of how we can create a project which not only services residents but the wider community.

“Glenarm Square is set to deliver not only high-calibre apartments for buyers but an activated public realm that will seamlessly integrate with the entrance to the train station and bring a vibrancy to the area with the activation of over 800sqm of retail and commercial space.

“By creating living and vibrant neighbourhoods out of this repurposed and highly valuable land, we can deliver residences in suburbs where demand is traditionally high, and create an alternative solution to the challenge of urban sprawl.

“Glenarm Square is not only proof that the concept works at an engineering and development level, but a benchmark for the revitalisation of future sites of this nature,” he said.