Real Estate

exclusive apartments hit the market at the ryrie residences

Written by The ReReport

Franze Developments’ Geelong Quarter. An artist’s render of a living room in the Ryrie Residences.

A $150 million Geelong hotel, office and apartment project will be a daily hub for 1500 residents, workers and visitors but only an exclusive handful can call it home.
The Ryrie Residences offers 14 luxury apartments within Geelong Quarter, Franze Developments’ 14-storey complex which includes the city’s first new major hotel in almost 20 years.


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Artist renders of the apartments were revealed on the eve of the project’s sales launch. A display suite is set to open at 78 Lt Malop St.

Franze Developments, Geelong Quarter. A render of a bedroom in the Ryrie Residences.

Franze Developments, Geelong Quarter. Render of a kitchen in the Ryrie Residences.

Franze Developments’ managing director Paul Franze said full demolition of the former Trans Otway building at 44 Ryrie St was expected to start in the next few weeks upon the green light from authorities.
It will make way for the 180-room Holiday Inn & Suites Geelong, plus a 7400sq m commercial officer tower tied with a 1000sq m ground floor retail plaza.
Mr Franze anticipates soil to be turned next autumn. The project is expected to completed by mid-2020.
The developers reconfigured the apartments component after research with selling agents Hodges showed strong demand from owner-occupiers, particularly downsizers, for a larger product.

Franze Developments, Geelong Quarter. External renders of the development at 44 Ryrie St, Geelong.

Franze Developments, Geelong Quarter. A render of a bathroom in the Ryrie Residences.

Accessed via a private residential lobby, the two, three and four-bedroom apartments (on levels 11 to 14) will range in internal size from 150sq m to 250sq m, with generous balconies. Prices range from $735,000 to $2.175 million.
“The apartments are all targeted towards owner-occupiers and downsizers. We discovered that in the Mercer and Miramar (projects) there has been a lot of consolidation of apartments — the acquisition of two or three apartments that have been combined into one,” Mr Franze said.
“What we discovered is that people were living in 30, 40 or 50 square homes and to move into a 10 square apartment just didn’t suit their needs — even though they were downsizing.”
Mr Franze said professionals, many based in Melbourne and Geelong, and living on the coast, needed a pivot point like an apartment in Geelong’s CBD to use during the week.

Franze Developments, Geelong Quarter. External renders of the development at 44 Ryrie St, Geelong.

Architectus managing principal Matthew Smith said the design draws on the city’s history, including the woolstores.
“The restrained palette of materials consists of folded metals, rich textured concrete, recessive glazing, local hardwood and hand-laid brick,” Mr Smith said.
The apartments feature a combination of stone, terrazzo tiles, wool carpet and timber interior finishes with curvaceous island kitchen benches in metal or timber to counter the open space. High-end appliances include Sub-Zero fridge, freezer and wine fridges and Wolf ovens and cooktops.

A residents only terrace on level 13 will have an outdoor kitchen.
Mr Franze said apartment residents will have access to the full housekeeping service from Holiday Inn, including room service and cleaning on a fee for service basis.
For sales inquiries for Ryrie Residences, contact Hodges agent Marcus Falconer on 0417 376 025, Carl Hammond on 0407 042 152 or Toby Primrose on 0415 333 380 for details. 

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