Skyscraper proposal for Rido House

The National Museum and State Library could be overshadowed by a 36-level skyscraper.

Melbourne City Council is reviewing an application for the 381 square metre site, 276-284 Russell Street, which currently accommodates the 42 year old Rido House.

The redevelopment would rise 117 metres and contain shops, offices and 154 apartments but no car parks.

The existing building rises four storeys and contains 1052 sqm of lettable area.

It last sold for $7.35 million in late 2007 (settling in mid-2008).

Elsewhere in the area, Grocon’s QV project contains several skyscrapers, while several new towers are proposed around the Bennetts Lane Jazz Club.

A few blocks away a 90-level tower was recently unveiled for part of the former Carlton & United Brewery site, in Carlton.


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Marc Pallisco

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