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Urban Renewal and Adaptive Re-use 

No.1 Lacey by Cornerstone Property Group in collaboration with BKH, Billard Leece and Made Projects 

Cornerstone purchased the Ford Sherrington Building (No. 1 Lacey) in early 2014. Our vision was to deconstruct the 1970’s addition at the rear of the site and in its place, create a landscape podium for our occupants and those of the two adjoining buildings to redistribute the GFA to a contemporary lightweight rooftop addition of 7 penthouses. 
 
In doing so we revealed parts of the heritage façade that had laid hidden since the 1970’s. We then carefully and meticulously restored the heritage façade to celebrate the original warehouses that were built in 1912 and 1923 while incorporating 45 residential apartments and 1,200 sqm of office, restaurant/bar and event space. 
 
The project also included the purchase of the adjoining commercial building which had 135 car spaces in its basement. Through a complex stratum sub-division, we were able to allocate 45 cars to the Ford Sherrington building and also install, in what was an old goods lift for the commercial building, a new lift to provide access from the basement carpark to the residential apartments.
 
To do so, we had to overcome many challenging and complex issues and provide solutions to the problems that the restoration of a 106-year-old building presents. These issues included:
large floorplates that made apartment design difficult to comply with solar and cross flow ventilation – this required multiple voids to be created in the old structure
compliance with planning controls in a heritage listed building 
compliance with acoustics issues in a timber framed building 
structural considerations in a heritage building
engineering issues associated with two additional levels 
fire engineering to a timber structure 
potential view loss by the addition of rooftop penthouses
sustainability issues 
placement of public art in a heritage building 
issues associated with new construction in an old structure
complexities of stratum sub-division of two buildings into three lots. 
 
The apartments received over 4,000 expressions of interest with 75 deposits received for the 45 apartments. All apartments sold out in less than 3 hours after launch.
 
Construction commenced in August 2015 and was completed November of 2017.