Prominent Geelong Silos to be Redeveloped into Apartments
GREY concrete silos – for generations a prominent landmark on the drive into central Geelong – are to be sold, and may be redeveloped into the city’s next social housing project.
The vendor of the property, Printco Signage director Neil Slater, can expect to make about $3 million sources say, from the 46 – 48 Mercer Street development site. The property abuts the Geelong train station – the only train station in the city’s Central Activity District.
The six-tube silos will be sold with a permit for an 8-level, 40-unit apartment project which would offer Corio Bay views.
The silo project was recently registered on the Federal government’s National Affordable Rental Incentive Scheme, and the Nation Building – Economic Stimulus plan, which will make it attractive to private social housing developers, Kelemen Commercial selling agent Craig Ferguson said.
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THE former Warley Hospital, which supported Phillip Island’s small but fluctuating population since 1923, is understood to have sold to developers.
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A LANDMARK CBD building – formerly the Department of Defence Drill Hall – will be developed into Melbourne’s next social housing project.
THE SHOPPING centre where Australia’s first K-Mart opened in 1969, is set to undergo a major extension and renovation.
THE TOORAK home until recently owned by entertainer Jason Donovan has come onto the market, as a rental.
ANDREW Myer has decided to sell his Camberwell shopping centre, The Well.
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A CONTROVERSIAL proposal to build a 520-dwelling apartment building, on the grounds of the former Coburg High School, is being reviewed by the Moreland City Council.
