Artemis looks at $200m Melbourne complex

Shanghai based property developer Artemis Hotel Group is  planning a distinctive $200 million golden glazed residential and serviced apartment project in Melbourne’s East End CBD.

The distinctive 62-storey development could potentially become a vehicle for Chinese investors seeking residency through Australia’s significant investor visa scheme that requires a $5 million investment to become eligible for an immigration visa.

In Melbourne, Artemis has just lodged plans for its latest project at 97 Franklin St on the northern edge of the central business district. Designed by architecture firm Hassell Sudio, the tower rises to 212.5m

The 52,000m² tower is set on a 2000m² site, boxed in by surrounding buildings. In response, the Hassell team created two distinct rectangular  volumes, twisting one on top of the other, to increase the amenity and space around the lower half of the building. The shining surface of the 551-unit tower has been glazed, giving the building a spectacular golden hue. Included in the unit count will be 144 serviced apartments

Artemis director Chun Yang this month registered a new company in Australia, Yareton Management.

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