CostaFox plans new Cremorne office after swooping on $11.5m site

Boutique developer CostaFox is doubling down on the growing reputation of Melbourne’s hippest office market, inner-east Cremorne, having swooped on a site opposite its planned new office development in Gordon Street.

Hot on the heels of gaining a planning permit for a seven-level, 5000 square metre office building on its site at 1-11 Gordon Street, CostaFox has purchased the land directly opposite at 22-26 Gordon Street where it hopes to build another 5000 sq m office.

Led by Michael Fox, the developer paid $11.5 million for the 974 sq m site at 28 Gordon Street, which was offered by a group of townhouse owners who banded together to put their seven Neometro-built homes on the market.

CostaFox’s plans for a 5000 square metre office at 1-11 Gordon Street were approved.Credit:Artist’s impression

The deal values the land at a rate $11,800 per sq m.


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