Oreana Group submits plans for $250 million South Yarra development.
The existing building at 177 Toorak Road. Image credit: Emmetts Real Estate
Oreana Group has submitted plans for a $250 million mixed-use development at 177 Toorak Road.
Designed by Fender Katsalidis Architects, the plans outline an office tower, a 116-room luxury hotel, and four levels of basement car parking.
The existing and well-known European-style piazza has also been incorporated into the design.
Amenities will include a wellness centre, day spa, end-of-trip facilities, and a terrace pool with city views.
177 Toorak Road is a stone’s throw from South Yarra station and Chapel Street and was purchased by Oreana Group in May 2021 for $35 million. The property, investment, and financial services group is no stranger to the area, having once held an office in the precinct.
Construction is expected to commence in 2024.
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