September 2011 - realestatesource

27-Level Tower Approved for Adelaide’s Grand Medina Treasury Hotel Site

September 11, 2011June 30, 2017 Marc Pallisco Adelaide CBD, Adelaide Hotel Development, Toga Group

A NEW skyscraper will dot Adelaide’s city skyline, after the South Australian government’s Development Assessment Commission approved a 27-level tower that will be the city’s fourth tallest.

Toga Group of Companies plans to develop a 100 metre, $80 million tower on its Grand Medina Treasury Hotel site in the Adelaide CBD (image, right).

The tower was approved despite warnings from heritage advocates and the Adelaide City Council. The proposed tower will overshadow the adjacent Pilgrim Uniting Church.

South Australia

Lend Lease Wins Contract to Redevelop Adelaide Oval

September 5, 2011 Marc Pallisco Adelaide, Lend Lease

LEND Lease has been unveiled the preferred “proponent for construction work” for the Adelaide Oval redevelopment.

The Adelaide Oval Stadium Management Authority with the Department of Transport, Energy and Infrastructure selected Lend Lease and its subsidiary, Baulderstone to design and construct a new stadium with a 50,000 person capacity (image of proposal, right).

A copy of Lend Lease’s announcement is below:

Masters Home Improvement opens first Australian store in Melbourne

September 11, 2011October 21, 2018 Marc Pallisco

Woolworths with US hardware giant Lowe’s launched the first of its highly-anticipated Masters Home Improvement outlets in Melbourne’s western suburbs

New South Wales

ANZ sells 20 Martin Place for $95m

September 11, 2011February 5, 2023 Marc Pallisco ANZ Bank, Pembroke Real Estate, Sydney CBD office sale

BANK ANZ has sold 20 Martin Place in Sydney to Boston based property advisory Pembroke Real Estate, which is acting on behalf of an affiliate.

The 21-level office building is the first purchase of a property asset by Pembroke in Australia.

ANZ is relocating to a new Grocon development at 242 Pitt Street in 2013.

New South Wales

Larry Emdur spends $6.8m at Dover Heights

September 11, 2011March 3, 2021 Marc Pallisco

Larry Emdur, has paid a reported $6.8 million for a contemporary cliff-top home in Sydney east. The game show commentator

Krueger Site, St Albans, Melbourne, Readying to be Rebuilt as Residential Village

September 25, 2011 Marc Pallisco

PLANS for a $150 million-plus apartment-based village with towers rising up to eight levels are one step closer, in St

Lloyd Williams to sell St Kilda Road site

September 20, 2011March 2, 2021 Marc Pallisco

Developer Hudson Conway, headed by billionaire businessman Lloyd Williams has relisted a development site at 557 St Kilda Road, on

Patrick Studios Leases Port Melbourne Space

September 24, 2011 Marc Pallisco Port Melbourne Lease

DANCE academy Patrick Studios, which was formed in London, has leased 2300 square metres of space recently vacated by photographic

VicUrban Poised to Seize CSIRO Highett Site, Melbourne

September 21, 2011May 7, 2019 Marc Pallisco Highett, Melbourne development site sale, vicurban

THE state government’s development arm is poised to seize control of a highly-anticipated infill site within a south-eastern suburb that may soon have its own skyline.

Well placed industry sources say VicUrban is negotiating to acquire the CSIRO’s outgoing Land and Research Highett Laboratory some 16 kilometres south-east of town near the Southland Shopping Centre and an as-yet-undeveloped train station.

The CSIRO laboratory has been anticipated as a residential development site for years but particularly since 1996 when council rezoned land in Highett, and neighbouring Sandringham and Cheltenham from Industrial 1 to Business 3, and increased height limits to 14 metres to allow for the construction of commercial premises.

Flinders Street Development Site Sells After Auction

September 14, 2011 Marc Pallisco Flinders Street, Melbourne CBD development site sale, Northbank Place

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.

Kew’s Shalom Lodge to be Redeveloped as Esque Apartment Tower

September 15, 2011 Marc Pallisco kew, New Kew Apartment Development

FORMER aged care facility Shalom Lodge is the victim of the medium-density apartment boom taking place around Kew, about six kilometres east of town.

A historic building at 4 Willsmere Road that occupied the nursing home is being marketed as a ritzy apartment complex, Esque.

The 1350 square metre Kew site was offered for sale in July 2010 with a permit for a 12-unit development. The site’s asking price was $2.98 million.

Skyscraper Approved Behind 420 Spencer Street, Site Now For Sale

September 11, 2011 Marc Pallisco Matthew Guy, New Melbourne Apartment Tower, West Melbourne

ONE of the inner-city’s most distinctive art deco commercial buildings – on a gateway site connecting West Melbourne to the CBD – will be retained and form the entrance of a major apartment skyscraper.

Planning minister Matthew Guy has approved the development of a 32-level, 368 unit apartment tower on land behind the Streamline Moderne building at 420 Spencer Street, near the Flagstaff Gardens, at the north-west tip of town and within an area that is quickly becoming a development hot-spot.

Constructed in 1930 as the headquarters and showroom for Australian Glass Manufacturers, and extended in 1937, 420 Spencer Street (pictured) was until recently occupied by retailer Nightingale Electrics. The building, recognised by the National Trust, used materials such as metal window door frames in its then-modern design.

Penthouse Within Sydney’s The Cove Tower Lists With $15 Million Price Expectations

September 13, 2011 Marc Pallisco Harry Seidler, prestige residential, Sydney CBD Apartment

A PENTHOUSE within Harry Seidler’s Sydney CBD apartment tower, The Cove, has hit the market with price expectations of about $15 million.

The penthouse with views of the Sydney Opera House and Darling Harbour (image, right) is being offloaded by UK entrepreneur Graham Hellier, who has reportedly spent several million on a refurbishment. It was previously owned by another business identity Koyelan Bangaru.

The penthouse includes four bedrooms, an office and media room and several living zones.

Springvale Homemaker Centre Opens, Melbourne

September 12, 2011 Marc Pallisco harvey norman, IKEA, Melbourne Shopping Centre, Springvale

THE massive Springvale Homemaker Centre has opened in Melbourne’s outer-south east.

The 205,000 square metre (gross) complex, a joint venture between Harvey Norman and IKEA (Sweden) has been in the works since 2006.

The double storey complex and 2800 car parks (impression, right) is anchored by the two retailers: Harvey Norman occupies a 10,000 store, while IKEA will trade from a huge 36,000 square metre facility.

26-Level Tower Approved For Site Near St Kilda Junction

September 11, 2011 Marc Pallisco st kilda

VICTORIAN planning minister Matthew Guy has approved the construction of a 26-level, 272 unit apartment complex near the frantic St Kilda Junction, in Melbourne’s inner-south.

Set to be developed on a 2845 square metre block at the intersection of St Kilda Road and Barkly Street, the proposed building (artist impression, right) will also include triple storey townhouses, a pedestrian walkway and a podium garden.

A ground floor artist studio and gallery space which will be made available for local artisans. One bedroom units will range in size between 37 and 47 square metres.

Phillip Island’s Isle of Wight Pub Site Listed For Sale

September 9, 2011 Marc Pallisco Bass Coast, Cowes, hotel, phillip island, South Gippsland, tourist accommodation

SIXTEEN months after it was destroyed by fire – which was a month after it was permitted for demolition – the waterfront site where Phillip Island’s popular Isle of Wight hotel once stood is for sale.

The prominent and elevated property – which stares down the Cowes Jetty – measures 9197 square metres and runs behind many shops on the western side of Thompson Avenue, which is the sleepy hamlet’s main retail strip.

The Bass Coast council controversially approved the historic pub (pictured, above) be demolished in April 2010, despite it being recognised as one of South Gippsland’s most significant landmarks. The site is for sale with a permit for a nine-level resort and retail development with hotel rooms and apartments.

Powercor to sell in Brooklyn

September 9, 2011February 15, 2021 Marc Pallisco

Powercor is selling a former State Electricity Commission facility in Brooklyn, 10 kilometres west of Melbourne. The 20 hectare block

Federal Government to Offload CSIRO Highett Site Soon

September 6, 2011 Marc Pallisco Federal Government, Highett, vicurban

ENDING years of speculation, the federal government is readying to sell one of the south-eastern suburb’s most anticipated development sites.

Under the guidelines of the Commonwealth Property Disposals Policy, the 9.5 hectare CSIRO Land and Research Highett Laboratory is expected to be offered for sale this financial year.

Bayside City Council held a meeting with the federal government late last month to pitch its thoughts for the site which runs between Highett and Bay roads, near the Highett train stations, about 16 kilometres from the CBD and near the more exclusive suburbs of Hampton and Sandringham.

CR Kennedy Site, South Yarra, Relisted For Sale

September 8, 2011 Marc Pallisco chapel street, forrest hill, Little Project Developments, Meteir3, south yarra, South Yarra Development Site Sale, Stockland

ONE of last year’s biggest development site sales has fallen through forcing the asset to be relisted for sale this week.

The South Yarra property at 661 – 669 Chapel Street is one of the last undeveloped sites within a former industrial precinct known as Forrest Hill that is being rebuilt by various builders as a new village with residential and office skyscrapers.

Occupied and still owned by photographic distributor CR Kennedy, the 3537 square metre site was reported to have sold for $25 million last December to design practice Metier3, which had just offloaded its interest in a Docklands office worth $240 million. It was expected Metier3 would exploit the South Yarra site’s 65 metre frontage to Chapel Street with an apartment-based village.

Westfield Sells Site Abutting Doncaster Shoppingtown

September 7, 2011 Marc Pallisco Doncaster, Melbourne development site sale, westfield

SYDNEY based shopping centre giant Westfield has sold an open-air car park abutting the Doncaster shopping centre’s north-east boundary.

The 5457 square metre site with a street address of 1 Grosvenor Street is believed to have sold for about $10 million after a public marketing campaign.

Westfield offered the site with a permit for a 185-unit apartment complex penned by boutique architect firm Rothelowman. The site, which backs onto the Saxon Reserve, was marketed by Knight Frank Glen Waverley’s Ken Smirk, Paul Henley and Todd Schaffer who declined to comment when contacted by The Age.

Bunnings Pays $25 Million For Doncaster Supersite

September 5, 2011 Marc Pallisco bunnings, Doncaster

HARDWARE giant Bunnings is believed to have paid about $25 million for a collection of adjoining sites abutting a major entrance of Westfield Doncaster shopping centre, about 14 kilometres east of town.

The ASX listed company is planning to build a warehouse on the 1.1 hectare supersite though a permit request has not yet been lodged with council.

Bunning’s parcel includes a 5250 square metre former service station site at 659 – 667 Doncaster Road which was until recently earmarked to become a major apartment tower. It also acquired the site next door, a 7-Eleven convenience store, at 669 – 671 Doncaster Road at the north-west corner of Council Street.

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