Little Project Development Proposes New Future For Prominent South Yarra Data Centre
Little Project Development director Kevin Britton says it has met with Stonnington City Council and architects, and will soon lodge plans for the Toorak Road property, which will include reworking its brown brick facade.
The site is near the intersection of Chapel Street and is surrounded by development sites – predominantly disused factories – undergoing or set to undergo redevelopment, mostly into apartments.
LPD’s building has a large tract of land at the rear that could accommodate a second building. It could also be extended out and up, subject to council approval.
Mr Britton says ideas for the property include a boutique hotel, offices and residential apartments. It’s expected ground levels of the building will be retail.
A 38-level apartment building is proposed for the Fun Factory site next door.
The LPD building was put to the market by ANZ, which built the tower in the early 1970s as a data centre.
At the time the building was sold, the bank also sold a central business district office building at 287-301 Collins Street to the Australian Property Growth Fund for $30.5million.
LPD recently resurrected plans for a $50 million, 52-unit apartment project on the former Anglican church site in Wattle Road, Hawthorn. This development was to be undertaken by Mirvac which paid about $6.7 million for the Church in 2003.
LPD is also developing a new Bunnings outlet in Burwood Road, Hawthorn, and has developed the former Cussons warehouse in Stawell Street, Richmond, into 133 apartments.
