Journals

After months of rising interest rates, increased construction costs, and shifting employee mindsets, the Pace Commercial team has noticed significant shifts in the way Melbourne does business. We asked our Commercial Manager Sam Fogarty to share some of the current and projected trends surrounding Melbourne’s commercial property market.

You’ve sipped a ‘magic’ at Industry Beans, spent an afternoon dining at Marion, and roamed your share of Rose Street Market stalls. Think you know everything about Melbourne’s oldest suburb? Think again. Come along as we take a trip down memory lane at the site of our latest project, Fabbrica.

Nestled in the leafy suburb of Blackburn is our largest project to date – Pace of Blackburn. The recently completed retail and residential development offers a considered balance of apartments, offices, and tenancies, informed by this postcode’s evolving profile.

From lockdowns and lifted auction rates to fluctuations in market certainty, Melbourne has experienced some of the most dramatic changes in the property landscape over the last four years. Rather than revelling in the punctuated pessimism of news bulletins and rate rises, we turn to the locals, the Melbourne market specialists like Ashley Bramich, for informed insights.

With construction rapidly progressing across the city, we are taking you behind the scenes for an update on the buzzing first half of 2023. From Flemington to Blackburn, there’s construction activity in every corner, with significant progress made on-site and no signs of slowing down.

Coburg is awash with green urban oases from communal gardens to places that feel as if you’ve lost – or found – yourself way out bush. Yet you’re only 8kms from the city.

Start the year off on the right foot by getting in the best shape of your life. What better place to do it than the top-of-the-line facilities at The Darley?

Pace has delivered many unique projects in Melbourne’s north. We are excited to continue growing our extensive portfolio and announce that a permit has been granted for our latest development in the heart of Brunswick East.

To celebrate our partnership's fifth anniversary, we spoke with Ronald McDonald House Charities (RMHC VIC & TAS) CEO Peter Bishop and Partnerships Manager Pippa Wood about our collaboration's positive impact. Our People, Performance and Culture Lead Bianca Becker provided insight into what this collaboration means for Pace.

We have fallen in love with everything that Flemington has to offer. With great places to eat, shop, and explore, there’s no wonder this suburb is a hidden gem.

Across the city, Pace and SJB have left their unique mark on the rich tapestry that is Melbourne architecture. SJB's Design Director, Tristan Wong, recently spoke to us about how the partnership between SJB and Pace is one of the strongest in the industry.

We recently spoke with Lisa Coffey, Racing Hearts founder, who described the work that the organisation undertakes to improve the lives of retired racehorses and young people across Victoria – a pursuit that is particularly close to our hearts.

We strive to build strong communities for residents and create the best offices for employees. We know that our efforts to improve the world around us go beyond our developments. This is exactly why we have partnered with renowned philanthropic organisation B1G1.

We spoke with Aled Evans, Head Brewer of the Coburg Brewing Co. about the 3058 area and how it continues to evolve to meet the needs of its residents. All the while maintaining a warm, welcoming atmosphere that continues to be an example of an exemplary Melbourne community.

We take a look at some of the most influential architectural structures in Flemington. Some of which have idiosyncratic charm, while others follow a utilitarian design philosophy, and how the suburb is shaped to evolve even further in the future.

Kathy Jurcic is a westerner through and through. When the chance to purchase one of Pace’s new Riverside apartments in Sunshine North presented itself, she pounced. What happened next affirmed her love for the area - community, kindness, and friendship.

Flanked by the Maribyrnong River and a tributary of the mighty Yarra, Flemington is known for far more than being the home of that racecourse. Just a stone’s throw away from the CBD, this is a suburb on the rise due to an influx of newcomers who are embracing the neighbourhood’s city-side locality and multi-faceted character.

After delivering more than 100 buildings across Melbourne, you could say we’ve learned a thing or two about the postcodes that make up our city.

After packing her bags and leaving Paris in 2018, Catherine has since built a life with her family in St Kilda.

Jackson Clements Burrows are no strangers to Pace. As fellow Melburnians and long-term collaborators, this architecture firm pairs joyful exploration with contextual transformation in their Passivhaus designs. We spoke with Associate Director Chris Manderson about recent projects in the city we call home.

Natalie and her husband’s journey with Pace started fortuitously during Melbourne’s 2020 lockdown, when a particular construction site caught their eye on their daily walk around the streets of Ascot Vale.

Step onto St Kilda’s Fitzroy Street, and you’ll hear the familiar sound of caffeinated commuters, morning joggers around Albert Park Lake and the sharp ding of the number 16 tram.

Milk crates. Lego blocks. Melburnians share some colourful nicknames for St Kilda’s Icon building, but how many are familiar with its origins? We spoke with Matthew Johnson, the artist and collaborator who worked with Pace and Jackson Clements Burrows on designing the striking, local landmark.