In 2003 ALP planning minister Mary Delahunty approved the building be demolished and replaced with a 26-level Fender Katsalidis tower which would have risen 83 metres. This development never proceeded. The property has sold a few times since, with the most recent owners incorporating the historic building within a new design penned by the same architect.
Savills directors Clinton Baxter and Nick Dempsey are now marketing the 2250 square metre development site for sale. It’s expected to sell for about $15 million.
Nearby, developer the Brady Group constructed its high-rise Wills Tower behind the 1888 Nahum Barnet building, The Gill.
The Auditorium Building at 171 Collins Street will also be retained as part of a proposed high rise office redevelopment. For many years accommodating the Mayfair Cinema, this building was known between 1984 and 1987 as the Figgins Diorama department store, and then until 1993 as high-end retail complex Shop of Shops.