04 April 2017

Caydon welcomes Heritage Victoria determination for Malt District proposal

The developer of the former Richmond Maltings site in Cremorne has welcomed a determination from Heritage Victoria, giving heritage approval to its mixed-use development proposal, which will create thousands of construction, hospitality and retail jobs.

Caydon Property Group has proposed a two-stage residential, commercial and tourism development that will bring high-quality apartment living to this significant urban renewal site, as well as retail shops, bars, cafes and restaurants to service the new precinct.

On completion, Caydon’s Malt District proposal will transform what is a dilapidated and under-used site into an attractive, activated and vibrant destination for locals and tourists alike to visit and enjoy.

Heritage Victoria has been considering revised plans lodged by Caydon in December, 2016 in response to their concerns about some historically-significant structures on the site. A major feature of the revised plans is the retention of a majority of the concrete silos under the Nylex clock that were previously earmarked for demolition. Under the new plans, a restored and working Nylex clock will sit atop extruded silos, maintaining sight lines to the famous landmark.

The Heritage Victoria determination enables Caydon to commence construction works at The Malt District site within the coming months. The Victorian Civil and Administrative Tribunal (VCAT) approved stage one of the development proposal last year, with the Heritage Victoria determination enabling Caydon to move forward and take the development to market.

Quotes attributable to Caydon Chief Operations Officer Jarrod Stratton

“Today’s determination is significant because having agreement with Heritage Victoria on the heritage aspects of this important urban renewal site means we can confidently move forward on a project that has already captured significant public interest. We have almost one thousand prospective purchasers registered on our data base.”

“We’ve listened to Heritage Victoria’s concerns about the original plans, and through constructive dialogue and collaboration have a consensus that includes further heritage retention, whilst still delivering our vision for the Malt District and a viable urban renewal project. We will continue to consult and work closely with Heritage Victoria and other government officials on the remaining aspects of our plans, and appreciate their ongoing collaboration regarding this state-significant project.”

“Retaining and restoring the significant heritage fabric of this site has always been a priority for Caydon, as has been returning the famous Nylex clock to working order for Melburnians to once again enjoy. We are now an important step closer to the Nylex clock being re-lit as a focal point of a great new destination for people to live, work and enjoy.”