Melbourne developer Costa Fox has embarked on the redevelopment of a 19th-century convent at Rippleside in Geelong.
The $100-million project aims to restore the Stella Maris Mansion on the 1.2ha waterfront site, while adding a further four three-storey buildings.
In this TUD+ Briefing, Costa Fox managing director Michael Fox walks through the plans for the convent and the site, as well as some of the firm’s plans for the future.
Coasta Fox acquired the property from MacKillop Family Services for $11.3 million in February in an off-market deal.
Local knowledge played a part for the firm, with Fox saying they had heard the group was looking for more modern facilities for its service Geelong.
“We approached MacKillop Family Services and they were amiable to transacting with people who had a good reputation and track record for these kinds of properties, as well as a strong association with Geelong,” he said.
Fox said they had investigated the convent building’s history and would look to remove non-original additions and renovations to return it to a more original condition.
He also detailed a number of projects Costa Fox has under way and in the pipeline, including a Fishermans Bend site and the heritage-listed Tea House on the edge of Melbourne’s CBD.