Billionaire Businessman Lloyd Williams Buys Adjoining South Yarra Development Sites

The 41-43 Marne Street properties sold shortly after they hit the market in April.

Like  nearby Park Street, which is arguably South Yarra’s most famous and charming residential boulevard, Marne Street runs between the Royal Botanic Gardens, to the north, and Fawkner Park, to the south.

As other parts of the suburb between the South Yarra train station and Chapel Street have seen rampant high density activity in recent times (including a landmark 38-level proposal) – the Botanic Gardens precinct has developed a reputation as the suburb’s “quiet part”. Many of Melbourne’s most successful business identities call the pocket home.

In the area, William’s construction company Hudson Conway recently paid Sydney-based developer Stockland $22 million for a St Kilda Road development site – effectively the forecourt of historic buildings once owned by Vision Australia.

Hudson Conway is proposing a landmark residential skyscraper which would rise substantially higher than the Chevron apartment redevelopment next door. The Chevron rebuild was the subject of a development dispute led by neighbour the Alfred Hospital, which also abuts Hudson Conway’s new site.

Across town and in a smaller, personal transaction recorded in May, Williams made $1.48 million selling an Ascot Vale property, which looks like a home from the front but was fitted out at the rear as stables.

 

 

Related articles:

 

 

 

 

Share or Recommend article

Marc Pallisco

Marc Pallisco

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

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!