Mirvac Abandons Plans to Build $120 Million Office in Hawthorn, Puts Site on the Market

The developer spent several years pooling together several adjoining office buildings, warehouses, and shops to create a supersite which would accommodate a large-scale development.
 
Lemon Baxter’s Paul O’Sullivan, who is marketing the property with Jones Lang LaSalle’s David Bowden and Steven Messina, said while Mirvac would prefer to sell the Burwood Road site as a whole, it would also entertain independently selling one or more of the now three separately titled properties.
 
As well as office developers, Mr Bowden expects the site to attract interest from residential developers who may wish to develop student accommodation, or traditional “own your own” apartments on the site. At a speculated sale price of $12 million, the land is valued at $2,400 per square metre.

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Marc Pallisco

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

Marc Pallisco

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