Buyers will want to be quick out of the gate with this opportunity to live at one of Australia’s – and the world’s – iconic sporting landmarks.
Flemington Racecourse is on track to welcome its first residential offering in the site’s 182-year history.
The Darley, developed by Pace Development Group and designed by ARM, is a horse-shoe shaped luxury apartment development with 313 residences.
“It’s right on the racecourse – it’s such an iconic place in Melbourne,” says Anne Flaherty, economist, realestate.com.au. “It’s a location that will really appeal to a lot of people.”
Construction at The Darley is due to start in late 2022.
The development follows the sale of tightly held land by the Victoria Racing Club, explains Ash Bramich, Sales and Marketing Director, Pace Development Group.
“This site will be incredibly prominent, not just to the local community, but to millions of people that watch around the world every year when they tune in for the Melbourne Cup or the Spring Racing Carnival,” Bramich says.
Flemington on the rise
Flaherty says the market in the inner northwest suburb of Flemington is strong.
“Flemington has a mix of traditional houses and older-style apartments, with some more recent development of new apartments,” she says. “It’s overwhelmingly a professional area, as you’re quite close to the city.”
The median sale price for houses is up 28% in the year to the end of April 2022, to reach $ 1.325 million. Demand for units is also strong, with a 7.5% increase in views per listing in the six months to April.
The Darley is a once-in-a-lifetime opportunity to live amongst the historic Flemington Racecourse.
Flaherty says The Darley’s prime location is likely to attract professionals looking for connectivity to the CBD, as well as downsizers who love the wealth of amenities in the local area.
“It’s a 10-minute walk from a railway station, which is just on the fringe of the city,” she says. “It strikes a good balance between access to green spaces, amenities and also to the city.”
Bramich points out that Flemington is also home to numerous shops, restaurants and cafes, as well as being close to the local village life of Ascot Vale, Moonee Ponds and Kensington.
“It has leading hospitals and universities and is within the catchment zones of a selection of schools,” he says.
Due to the prominence and history of the site, Bramich says The Darley’s development team feel a deep sense of responsibility to deliver an outcome that befits the iconic location.
“We have gone to all lengths to ensure that the consultants that we brought in to execute this reflect some of the best that we have in Australia,” he says.
Extensive landscaping has been designed by TLC, including greenery in the courtyard and flowers draping between each level to create a sky garden.
The 14-storey, curved design is positioned around a light-filled internal courtyard featuring sculptures from a local artist.
The position above Flemington Racecourse provides a stunning never-to-be-built-out vista out across the west and north, as well as prime position for iconic race meetings.
“Residents also have direct access to Flemington Racecourse itself, which is an enormous open space,” Bramich says.
On track for luxury
Apartments at The Darley range from one to four-bedrooms, with spacious layouts for everyday life and entertaining. They have generously sized kitchens with an integrated breakfast bar, high-end appliances, elegant bathrooms and bedrooms, ample storage and balconies or terraces.
With five-star quality amenities and surrounding greenery, The Darley is an inner city oasis.
Bramich says the interiors, designed by Carr, have been inspired by the racecourse setting, with a sense of lightness, texture and movement. Organic materials are a welcoming feature and residents can choose either lighter or darker color tones for their home.
“It’s very much reflective of a five-star hotel, so we’ve left no page unturned in regards to the amenity internally, which ranges from private wine cellars to cinema rooms, to a concierge service, to a 300-square-meter gym. with Techno Gym equipment and a 25-meter infinity pool, ”he says.
There is a co-working space on level one, while level seven offers a sanctuary for relaxation.
“The level 7 area comprises outdoor barbecues and you can envisage what it would be like during the spring racing carnival to invite guests over to appreciate the views and take in the racing first hand,” he says.
Prices at The Darley will start from $ 595,000 for one-bedroom apartments, through to around $ 3.7 million for a small selection of custom-designed penthouses.
Interested to find out more? Inquire about The Darley.
Renders are courtesy of Pace Development Group and for illustrative purposes only.