Danny Avidan, also known as designer Charlie Brown’s husband, and owner of that eponymous fashion house, has flipped a prime Fitzroy development site for a 25 per cent premium after two years.
Maurice Romano’s RPG is the buyer; it paid $6.05m inclusive of GST for the warehouse on 398 square metres at 235 Napier Street, on the south east corner of St David, following a deal formalised mid-last year.
Mr Avidan’s Dare Property outlaid $4.56m in 2021, then obtained a permit for a six storey, 44-suite hotel with ground level retail and two floors of car parking.
Last year, the builder amended the approved shell for 14 own-your-own apartments over retail.
It is speculated RPG, which turns 20 next year, will build an office.
Elsewhere in Melbourne, Dare recently completed a six level 2000 sqm office, Zero Gipps, at 50 Gipps St.
The group is also co-developing luxury apartments with Charles Mellick’s Fortis in Sydney’s Point Piper.
Mr Avidan and Ms Brown control brands Howard Showers and Hollywood Fashion Secrets.
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