Flinders Street Archives - realestatesource

A PROBLEMATIC city development site with a permit sold after auction on Thursday for an as-yet undisclosed price.

The 556 – 560 Flinders Street property, at the north-west corner of Downie Street, has been earmarked over the years for a variety of developments, of varying heights.

At one stage a scheme was prepared for a 33-level commercial tower with 25-levels of strata office suites. Another proposal would have seen 101 apartments squeezed onto the 291 square metre block, opposite the new Northbank Place complex, between Spencer and King streets.

Victoria

Clement Lee’s Riverlea to Build Apartment Complex at 108 Flinders Street Melbourne

September 21, 2010 Marc Pallisco Clement Lee, Flinders Street, Melbourne CBD Apartment Tower, Riverlea

HERITAGE Victoria noted artwork at the ground level of a nondescript, low-rise office building at 108 Flinders Street will be moved, and reinstalled into the ground level of the city’s next major apartment building.

Fender Katsalidis Architects, a boutique architect collaboration headed by designers Karl Fender and Nonda Katsalidis, have proposed a new tower for the site which would offer views of Birrarung Marr, Federation Square and the Flinders Street rail yards – another city site earmarked for redevelopment.

Rising 12 levels, and due for completion in 2012 the development will include 189 apartments starting at $345,000 for a one bedroom unit and $535,000 for a two bedroom flat.

The proposal will see a new restaurant built at the end of AC/DC Lane, which this site backs onto.