More Changes Afoot For Rialto, Melbourne

 A spokesman for the owner of the building, Rialto Joint Venture, a consortium of St Martins Victoria and Grollo Australia, said Telstra is yet to formally advise RJV of its intentions.
 
“In the meantime, we have commenced discussions with several prospective occupiers regarding the space and will also continue to work with Telstra to assist with possible space requirements beyond 2010.”
 
It’s speculated vacated offices within the Rialto will undergo a major refurbishment, designed to improve the building’s environmental credentials and attractiveness to prospective tenants.
 
Rialto’s famous 15-year old observation deck is expected to be redesigned as a culinary and retail precinct, with top chef Shannon Bennett undertsood to be in talks to move the famous VUE DE MONDE restaurant, to the deck. Guy Grossi is speculated to be considering leasing retail space in the forecourt.

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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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