Stockland to Start Developing Tooronga Village Site in 2008 |
|
|
|
|
Written by Marc Pallisco
|
|
Sunday, 24 June 2007 |
|
DEVELOPER Stockland hopes to start demolition on its high-profile Tooronga Village shopping centre, and associated car park by the end of the year, after a consultation period regarding the controversial site lapsed. The development is expected to receive a sign-off from the minister soon.
Stockland has spent more than three years sorting through planning issues for the $500-million redevelopment of the 10.9 hectare Toorak Road site. Its purchase from Coles, first negotiated in 2004, is conditional on the site winning development approval.
Stage one of the project includes 204 apartments to be developed on top of a new shopping centre. Most of the apartments will offer views over Toorak and the CBD. Stockland Victoria apartment manager Matthew Belford says he expects marketing to start next year.
Stage two of the project involves a further 100 residential apartments, which will look south over Malvern. Marketing for this stage is expected to start in late 2008.
Tags:
Related Items :
|
Latest Articles
Melbourne's love of inner-city living has rendered many of its prominent, sometimes derelict, sites ripe for redevelopment. ...
Donvale is located immediately east of Doncaster East, about 24 kilometres from the CBD. ...
Surprisingly close to the city via the Eastern Freeway, Doncaster is a hilly suburb located about 17 kilometres east of the CBD. ...
Dingley Village is wedged between Dandenong and the Moorabbin Airport, about 30 kilometres south-east of the CBD, along the Princes Freeway. ...
Diamond Creek is located about 28 kilometres north-east of the Melbourne CBD, past Heidelberg, Rosanna and Greensborough. ...
Latest Blog Entries
Since the start of this year, residential development sites worth more than $80 million have been exchanged, or are under negotiation - in deals expected to result in up to 10 new high-rise towers ove...
The latest interest rate rise, the fourth in the last six months and eleventh straight since 2002, will add about $100 a month to my mortgage repayments. ...
Despite being a landlord for four years, I’ve never actually had to impose a rent rise on a tenant. ...
St Kilda Road will always be remembered as the precinct to pioneer high rise apartment living in this city. Dotted in amongst the retained mansions, and tired old office buildings, are some of the mos...
Anyone who played (or plays) the computer game Simcity would understand the predicament Melbourne planners are in right now.
On the one hand, Melbourne’s population is growing – with som...
|
Real Estate News 
