Watergate Towers, Melbourne
Role
Structuring
Design
Marketing
Date
2005
Location
Docklands, Melbourne, Australia
Architectural Excellence
Watergate Towers, designed by Elenberg Fraser, stands prominently on a triangular site between Bourke and Collins Streets in Melbourne's Docklands. The development features identical twin towers rising from a five-storey podium, housing 339 residential apartments along with retail and commercial spaces spread across 19 levels. This innovative architectural design maximizes the use of the site and integrates seamlessly into the urban fabric of Docklands, offering a blend of modern living and commercial convenience.
Upshot
Garrisson played a pivotal role in the success of the Watergate Towers. He introduced and structured the equity partnership necessary for the project, ensuring financial stability and securing the essential bank guarantees required by the Docklands Authority. Beyond financial structuring, Garrisson was instrumental in overseeing the design aspects and controlling a highly effective marketing program that led to exceptional pre-sales. His strategic involvement ensured the project met its financial and regulatory requirements and achieved significant market interest and sales success, solidifying Watergate Towers as a landmark development in Melbourne.
Architect: Elenberg Fraser
Photography: Peter Bennetts