Melbourne’s Riverside About to Undergo Apartment Building Boom

The complex will abut a sharp bend in the Yarra River near the Walmer Street footbridge.

Upon completion the redevelopment will stare at a $250 million, 586 unit riverside complex being developed by Hamton on the site of two low-rise office buildings, opposite Victoria Gardens in Victoria Street. That proposal will include a prominent 11-level tower.

Developers Salvo Property Group and Salta have also recently marketed riverside Abbotsford apartment complexes.

Colliers International’s Pat Burke and Jeremy Gruzewski are marketing Macquarie’s site, which is expected to arouse interest from large-scale, private and institutional developers and sell for about $15 million.

 

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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