Heyrod Street – Summary of Proposals
- Opportunity for a high-quality residential-led building within the Portugal Street East Regeneration area;
- Creation of 350 homes for rent;
- A new landscaped public square activated by commercial and retail uses at ground floor;
- Improved quality of public realm on Heyrod Street and Longacre Street;
- Three residential landscaped roof terraces;
- Internal amenity space for residents, including resident’s lounge and gym; and
- Variety of apartment sizes and layouts.
What is private rented or ‘build-to-rent’?
‘Build-to-rent’ or private rented homes is a model where homes are purpose-built and typically for longer-term tenants.
Ownership is retained by a single building owner, in this case, Packaged Living.
The success of the model relies on tenants wanting to stay long-term and therefore building a strong sense of community. To ensure its success it is particularly important that a high-quality living environment is provided.
Our Heyrod Street proposal has been designed specifically for long-term rental. A range of amenities and services will be on hand for residents, including flexible leasing arrangements, on site property managers and a variety amenity spaces such as resident lounges, gyms, and external roof terraces.
