Second Stage of $240 Million PANCH Hospital Project Unveiled |
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Written by Marc Pallisco
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Monday, 06 October 2008 |
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Melbourne’s newest and biggest multi-purpose accommodation facility was launched in Preston this month.
The second stage of the former Preston And Northcote Community Hospital (PANCH) redevelopment in Bell Street is complete and includes a high rise 383-room hotel and apartment building, 21 conference rooms, two restaurants, a bar and parking for 500 cars.
These projects add to the first stage of the project which included 444 apartments leased to serviced apartment and student accommodation operators. The project now has an end value of $240 million.
A daily shuttle bus operates from Bell City, the name for the new development, to nearby LaTrobe University, and the CBD.
Asian Pacific Building Corporation, headed by father and son team David and Will Deague, acquired the 3 hectare site in 1999 for an undisclosed sum. The hospital closed in 1996.
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