Garden House Apartment Complex Set For Prominent Rathdowne Street Carlton Site

HAVING demolished the historic red brick building that once stood at 83 – 95 Rathdowne Street in Carlton, builder Piccolo Developments is set to start marketing The Garden House complex, opposite the 130-year old Royal Exhibition Building, and Carlton Gardens South.
The $50 million, Woods Bagot-designed project, to be developed on the north-west corner of Queensberry Street, will rise five levels and include 46 apartments, and terraces.

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Australand Sells Crest Hotel, Kings Cross, For $72 Million

PROPERTY giant Australand has offloaded the Crest Hotel, in Kings Cross, Sydney, for $72 million.

Property developer Michael Sanchez is reported to have purchased the 227-room hotel, with plans to convert the old building into luxury apartments.

Australand paid Coogee Bay Hotel owner Chris Cheung $63 million for the hotel two years ago. The hotel has been unused since June, when the Constellation Group vacated.

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Developers Shave $1.35 Million From Price of Unsold New Birchgrove Apartment

Cockatoo Island
THE developers of the luxury Louisa Road apartment project in the inner-western Sydney suburb of Birchgrove, have shaved $1.35 million from the asking price of a unit that failed to sell during construction.

SJB Architects, which has developed the 36 Louisa Road building with Queensland-based Sunland Property Group, has two apartments left to sell in the six-unit project, which offers residents westerly views over Cockatoo Island (pictured) toward Drummoyne.

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Whitten Oval, Footscray, to Make Way For More Social Housing

Whitten OvalPART of Footscray’s Western Oval football ground will make way for a $90 million, 251-unit affordable and social housing project, under new plans proposed by the Club.

The Western Bulldogs wants to team with social housing developer HomeGround Services, to build potential high-rise project, at the Geelong Road edge of the Whitten Oval stadium, around the busy Gordon Road onramp (to Geelong Road).

Funding will come from the Federal Labor Government’s Nation Building Fund.

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VCAT Approves High Rise Apartment Building, Behind Melbourne High School

THE Victorian Civil and Administrative Tribunal has approved a controversial high rise apartment building, behind Melbourne High School.

The approved 100 unit tower will rise about 50 metres, and be developed on the site of a Lamborghini dealership, on the corner of Chapel Street and Alexandra Avenue, in South Yarra.

The approval comes months after planning minister Justin Madden imposed a 38 metre height restriction in the South Yarra pocket known as Forrest Hill, bound by the train line, Toorak Road, Alexandra Avenue and Chapel Street. Shortly after, VCAT approved a 38-level, 133 metre tower for the Capitol Bakeries site, on the corner of Chapel Street and Toorak Road.

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Planning Minister Justin Madden to Unveil Last Stage of Becton’s Jolimont Rail Yard Development

Justin MaddenPLANNING Minister Justin Madden will open Becton’s distinctive glass One East Melbourne apartment complex later this month.
The tower is the final piece in a 17-year redevelopment of the former Jolimont rail yards, which Becton acquired from the State Government in stages.
One East Melbourne includes a 19-level, 85-unit apartment tower, topped by a rooftop garden. 

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Former Pacific Brands Office to be Redeveloped Into George Apartments

EVOLVE Development, the construction company of Fairfax chairman Ron Walker and business identity Ashley Williams, has unveiled images of its $45 million George apartment project in North Melbourne.
The 8-storey Hassell designed tower will be developed at 97 Flemington Road, on the south-east corner of Harcourt Street, and will replace a double-storey office until recently occupied by clothes manufacturer Pacific Brands.

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Moller’s Caravan Park, Inverloch, Sells to Developers For $6 Million

A developer is understood to have paid close to $6 million for the Moller’s Caravan Park in the coastal hamlet of Inverloch, about 145 kilometres south-east of the city.
The approximate 9,000 square metre waterfront property, with four street frontages, is speculated will be developed into a medium-density apartment project, flanked by ground floor retail, and possibly some serviced apartments.
Stockdale & Leggo Inverloch agent Judy Robertson, who marketed the site with Patrick Barry, confirmed a sale negotiation was underway, but declined to elaborate on buyer or price. The caravan park first came onto the market last year with an $8 million price tag.

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St Kilda Road’s Aviva Building Close to Sale For $55 Million, Apartments Earmarked

A year since coming to the market, Dexus Property Group is believed to be formalising the sale of its huge 509 – 515 St Kilda Road office for about $55 million.
Well placed industry sources say a residential-focussed developer is in exclusive due diligence to buy the 7-level, 19,687 square metre office building, which straddles a 6,070 square metre double-sized block near the corner of Commercial Road. 
They speculate the office building currently on the site – home to copier and printer giant Fuji Xerox and insurance group Aviva which also leases naming rights – will be demolished to make way for between two to three new high rise towers, flanked by ground floor retail.

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New $15.5 Million Price Record For Brighton

Brighton Beach
A NEW price record is believed to have been quietly set for the ritzy bayside suburb of Brighton.
Sources say an undisclosed Geelong-based business identity has agreed to pay about $15.5 million for a waterfront mansion at 25 – 27 Glyndon Road, in the suburb’s “Golden Mile”.
The 5-bedroom mansion has a 59-metre water frontage, and includes a tennis court, swimming pool, spa, sauna, gym, home theatre and rooftop entertainment area.

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