New $200 Million Proposal for Coburg High School Site

A proposal to build 520-dwellings at the former Coburg High School is being reviewed by the Moreland City Council.

Developer Hamton is behind the mixed-use proposal, Circa, which is expected to have a c$200 million end worth.

The project would include an eight level building on Bell Street, rising to a 13-storeys behind a setback.

About three quarters of the proposed dwellings would be configured as one bedrooms.

Circa is also designed with 563 basement car parks and 545 bicycle parks.

Hamton paid a reported $10 million for the 1.12 hectare site in early 2008.

It will deliver the project with joint venture partner Macquarie Real Estate Equity Fund No 7.

The property ceased operating as a school in 1993.

The land was later owned by property spruiker Henry Kaye.

A Moreland spokeswoman said it expects to make a decision about the proposal after August.

Last month, planning minister Justin Madden announced he would fast track the development of a high rise apartment at the nearby former Pentridge Prison.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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