Pellicano has unveiled plans for its $260-million Common Grounds mixed-use hub at Moorabbin.
The 3.14ha “lifestyle-led” commercial precinct aims to entice workers back to the office by incorporating “work-from-home benefits” including natural light, outdoor exercise spaces and green parklands.
The permit-approved development would include five office buildings with 32,000sq m of floor space, as well as 2000sq m dedicated to retail, a wellness studio, and a food and beverage precinct centred around a courtyard.
Pellicano managing director Nando Pellicano said Moorabbin was in the middle of a business-led transformation and suburban commercial property continued to be a strong drawcard.
“Last year’s shift to work-from-home drove a simultaneous change in the needs of commercial tenants and employees, away from the CBD and with a focus on amenities like green space, wellness facilities and first-class end-of-trip offerings—that’s what the workforce has become more accustomed to,” Pellicano said.
“We think that precincts like Common Grounds hold the key to bringing people back to the office and reinvigorating the surrounding suburbs—by creating lifestyle-led commercial offerings that also contribute to the local area, we think the workforce will respond positively and start opting for on-site over work-from-home.
“Because the entire project will all sit under Pellicano ownership with hands-on management, we see Common Grounds as a crafted mixed-use precinct, where we can curate the type of retail providers we need, activate areas at different times for entertainment and wellness, provide value-add services to our clients, and create a village-type atmosphere, where people feel they belong.
“This feeling among the precinct will be further reinforced by our cloud-based community app, which allows people to stay connected and engaged with the precinct and each other.”
The FJMT-designed precinct is targeting a 5-Star NABERS rating and a 5-Star Green Star rating with a 99kW solar photovoltaic system, battery storage, rainwater harvesting and native landscaping.
The green space and public parkland, which makes up 40 per cent of the site, includes a basketball court, playground, curated urban art, and spaces for community events, markets and activations.
Pellicano has also commissioned a cloud-based app for Common Grounds designed to keep the community connected and informed, as well as manage tenant requests, bookings of common areas and events.
Common Grounds will commence stage one construction at the beginning of 2022 with completion scheduled in 2023.
Earlier this year the private developer broke ground on its latest build-to-rent project, at Bowen Hills in Brisbane.
The 77-apartment development is due for completion next year and Pellicano would retain ownership of the property.