Gamuda Land Breaks Ground on $90M St Kilda Landmark

Leading global developer Gamuda Land has commenced construction on its $90M Fareham project on St Kilda Road, following the appointment of family-owned construction firm Markscon.

Fareham will set a new benchmark in sustainable apartment living in the area and will enhance Melbourne’s housing market by delivering 73 apartments. It will also boost the local economy via the creation of 130 jobs throughout the duration of the project.

Designed by award-winning architects BayleyWard, Fareham will aim to achieve a minimum 7.5 Star NatHERS rating and will be powered by an embedded network providing 100 per cent renewable energy, including rooftop solar photovoltaic panels. Additional features include EV charging capabilities, secure bike parks and an onsite bicycle workshop to encourage residents to opt for greener travel arrangements.

Reaching 16 levels high, Fareham features a maximum of six apartments per floor with the majority offering exceptional bay views. Residents will have access to a communal garden on level one, a well-being room on level two and a communal rooftop on level 15.

Gamuda Land’s global DNA of building in harmony with nature is threaded throughout the design, with Fareham featuring extensive landscaping and greenery by Loci Design Collection.

Gamuda Land General Manager Jarrod Tai said Markscon was appointed due to their stellar track record and capability to self-perform construction of critical elements.

“Markscon has helped deliver some of Melbourne’s most boundary-pushing projects, including two Nightingale projects. Both Markscon and Gamuda Land share a vision of creating meaningful and sustainable urban environments.”

Markscon Managing Director John Marks says, “I commend Gamuda Land for their exceptional standards and contributions to the global real estate market, and particularly here in Australia. Their unwavering commitment to quality and sustainable development resonates deeply with our values at Markscon, making our collaboration on the Fareham project at 95 St Kilda Rd, Melbourne, an inspiring partnership.”

The City of Port Phillip showed its support for the project during the groundbreaking celebration on May 24, with Cr Marcus Pearl and Cr Christina Sirakoff attending on behalf of the Mayor of the City of Phillip.

Fareham is due for completion in 2026. Limited residences remain priced from $600,000 - $4,000,000. To find out more, please visit https://fareham.com.au/