Perks coming at $275m Spotswood build-to-rent development

A more than 300 apartment Spotswood project purpose-built for renters is aiming to give tenants free or discounted gym and yoga access.

The Suleman Group has begun construction of the $275m project, named Union Quarter, which will also include a Woolworths supermarket, a Dan Murphy’s and a mix of cafes, health, fitness and retailers centred on a town square.

Three buildings designed by architects Baldasso Cortesi will range from three to eight storeys and include a mix of one- and two-bedroom apartments as well as larger loft-style homes.

A further 34 homes will be made available to the National Disability Insurance Scheme.

Suleman group managing director Sam Suleman said after buying the site as a paddock from VicTrack 20 years ago they believed it would now meet rising demand for long-term tenancies.

“We genuinely believe in the underlying housing demand fundamentals, particularly in the fast gentrifying area of Spotswood, which has experienced rapidly rising demand for quality residential dwellings,” Suleman said.

Development manager Zoran Pavlovic said they were looking at ways to give tenants cheaper or free access to an onsite gym, and would also include a private dining facility and lounges. He added that residences would be larger than those typical in institutional build-to-rent complexes.

Union Square is expected to be completed in mid-2022 and, in addition to residences, is forecast to create more than 470 ongoing jobs.

This article from the Herald Sun originally appeared as “Union Quarter, Spotswood: Build-to-rent project to have perks”.