Macquarie, Lustig & Moar to Sell Prominent Southbank Apartment Tower Site
Upon completion, million dollar CBD views currently enjoyed by West Gate commuters will be blocked by a 9-level, 201-bay car park. The proposed Buchan designed development will also include 84 one-bedroom apartments, 194 two-bedroom apartments and 28 three-bedroom apartments offering city views to the north, bay views to the south, and freeway views below.
The consortium is reported to have paid about $7.5 million for the 1,453 square metre open-air car park site in late 2007, before working on obtaining a permit.
CB Richard Ellis associate director Paul O’Connell expects the development site to arouse interest from local and international developers, particularly from Singapore, China and Malaysia, where the site is also being marketed.
