Precinct is a new $250 million apartment complex which will be built on Victoria Street, Abbotsford, just a short walk from the Yarra River Bend and minutes away from some of the Richmond’s best cafes and shopping strips.

The five-building complex, with a five-star energy rating, will have 450 apartments, a mix of 1, 2 and 3-bedroom dwellings. A third of the site, equivalent to 3000 sq m will be landscaped. The first stage comprises 230 units.  Construction is due to start in September and expected to complete in two years.

The site is well located on the Victoria Street tram line, with Victoria Gardens shopping centre (Ikea) a short walk away, the Yarra River and its bike path 100 metres away and the bridge over the Yarra to Yarra Bend Park just around the corner.

The internal courtyard will have a 25-metre swimming pool and gymnasium at one end, and a cafe at the other. There will be lots of bike tracks and landscaped garden.

Precinct is destined to become the most talked about new development in the Abbotsford-Richmond region because of its contemporary community design from DKO Architecture and also its affordability – apartments range from $350,000 for one bedroom apartments to $1 million for one of five exclusive penthouses.  It is designed in such a way that all apartments enjoyed an abundance of natural light. Wonderful views over the city and equally captivating views over Kew and Hawthorn, where some of the best private schools are located.

Precinct represents everything that is great about inner city living, but extensive landscaped gardens make this a unique development - offering a feeling of space and tranquillity. The facade design of Precinct is modern and striking, yet setback, and expects to be a great feature of Victoria Street.

Another amazing feature about Precinct is the amount of green space and access to walks along the Yarra that is outside its backdoor. With the best of both worlds - Precinct offers the opportunity a cosmopolitan lifestyle and we’re located on the edge of river walks or bike paths into the city.