Cremorne, often dubbed the ‘Silicon Valley’ of Melbourne, is about to witness a groundbreaking transformation with the upcoming completion of Altera, a premium strata office building set to redefine the business landscape of this bustling suburb.
Located in the heart of Cremorne, Altera offers a unique opportunity for affluent families, creative businesses, financial services firms, property professionals, and other discerning investors to own their own floor in this dynamic precinct.
Cremorne, home to corporate giants like Tesla, Disney, Car Sales, Seek, MYOB, and Domain, has long been a sought-after business hub. However, until now, there has been a scarcity of commercial developments available for individual sale, with most properties only available for lease. Altera stands as a beacon of change, offering seven exclusive floors available for strata sale, catering to a diverse range of businesses.
Located at 70 Cubitt Street and scheduled for completion by the end of 2024, Altera boasts an architectural marvel, featuring a textured-concrete eight-storey structure.
With floor sizes ranging from 268 to 371 sqm*, Altera provides flexible fit-out options, allowing businesses to create bespoke workspaces.
The building's design incorporates 3.6-metre ceilings and floor-to-ceiling windows, offering breathtaking 270-degree panoramic views across Cremorne and towards the CBD. Additionally, the property includes a 204 sqm* rooftop terrace, providing a picturesque perspective of Melbourne, as well as 269 sqm* of retail and lobby space on the ground floor. Furthermore, Altera offers practical amenities, including two basement levels for 14 cars and 20 bikes, along with end-of-trip facilities and bike storage, ensuring convenient transport access for all occupants.
For sale through Daniel Wolman, Anthony Kirwan, George Davies and Raphael Favas of Cushman & Wakefield, Altera has garnered significant attention from potential buyers and investors, with Daniel Wolman, Cushman & Wakefield’s International Director & Co-Head Investment Sales, VIC stating, "Altera represents a rare opportunity for investors and businesses looking to make a mark in Cremorne. Its prime location and unique strata sale option make it an attractive prospect for a wide range of entrepreneurs."
Anthony Kirwan, Cushman & Wakefield’s Associate Director Investment Sales, VIC echoed this sentiment, emphasising Altera's distinctiveness, saying, "Its architectural intricacies go beyond functionality, infused with an artistic expression that sets it apart. Altera is not just a building; it’s a masterpiece that reflects the vision and creativity of its developers.”
“This pocket of Cremorne has evolved into thriving luxury fashion outlet precinct with leading brands including Mecca, Zimmerman, Viktoria & Woods, Camilla and Marc, Decjuba and Assembly Label all situated within a two-block radius." Mr Kirwan said.
The driving force behind Altera’s exceptional design and construction is Peter Lenassi, Principal Constructions, a renowned builder celebrated for creating 'legacy buildings' that stand the test of time. Lenassi delivered 84 Cubitt Street in 2022 that has since won a plethora of design and architectural awards.
With its completion on the horizon, Altera is poised to elevate Cremorne’s status as Melbourne’s premier business hub.
Cushman & Wakefield’s George Davies said “For those seeking to turn their workplace into their legacy, Altera represents a golden opportunity to invest in a space that goes beyond functionality, offering a unique blend of luxury, convenience, and artistic expression”.
*Approximate
