Fitzroy BtR Scheme on Show as Inner Melbourne Heats Up

An 11-storey build-to-rent proposal for Melbourne’s inner-north has gone public.

The plans by Newtown Fitzroy Pty Ltd, a vehicle associated with Cobuild chief executive Rotem Rotenberg according to ASIC documents, detail a 243-home project at 159-161 and 165-167 Johnston Street, and 329 Napier Street.

The project has an estimated development cost of $72.5 million, according to a planning report submitted to the Department of Transport and Planning.