The DCA just squeezes under the control of the City of Melbourne council, which has recently proven more adventurous in regard to redevelopment approval than neighbouring councils Port Phillip and Stonnington.
However under the stewardship of new Planning Minister Matthew Guy, and given the Baillieu government’s mandate to curb rampant and random Sydney-esque skyscraper redevelopment, it’s not yet known how the DCA site will be received by developers, especially in a market agents agree has been in downturn for some months.
The DCA is hedging its bets, also marketing the site for sale or lease as a school, or hospital. Kliger Wood’s Nick Breheny and Eugene Wood are the marketing agents.
Elsewhere in the immediate area, Evolve Development is planning to replace the former Suntory restaurant at 74 Queens Road with a 225+ unit skyscraper.
The Peloton Group also plans to replace one of the precinct’s last remaining historic mansions, at 70 Queens Road, with Proximity, a 12-level complex with 159 apartments.
Meanwhile at 541 St Kilda Road, next door to the Alfred, developer Hudson Conway is planning a 258-unit apartment skyscraper on land it paid Stockland approximately $20.5 million for in March.
The Victorian College of the Deaf, an occupant on the DCA site, is opposing the sale, which would likely result in the demolition of buildings and established gardens.