Abbotsford – realestatesource

IT WILL be the end of another era in Abbotsford when apartment builders redevelop the property known for more than a century as the St Joseph’s Technical School.

The prominent site at 73 – 103 Nicholson Street, at the intersection of Mollison and Little Charles streets, has sold for more than $9 million to a developer.

Operating between 1893 and 1990 under the auspice of the Christian Brothers, and more recently as a campus for Steiner school Sofia Mundi, the 4800 square metre inner-city site was offloaded by the Roman Catholic Trust Corporation for the Diocese of Melbourne.

Victoria

17-Level Apartment Tower Mooted Near Collingwood’s Victoria Park Stadium

June 23, 2011 Marc Pallisco Abbotsford, Collingwood, New Abbotsford Apartment Project, New Melbourne Apartment Project

SOON, Melbourne’s eyesore commission flat towers might not be the tallest buildings within their suburbs.

Far from being daunted by new planning minister Matthew Guy shredding of the Brumby government’s problematic Melbourne 2030 planning policy (which he argued in Opposition treated metropolitan Melbourne like one giant development zone), residential developers are still proposing big, bold buildings. This is despite Melbourne planning being a relative state of limbo until a new planning strategy is formulated.

This time, in Magpie land and near the Victoria Park stadium (pictured) and train station, a proposal has been lodged to build a 204-unit residential village with ground floor shops and a 17-level tower.

Victoria

Australian Education Union Spends $16 Million on Neighbouring Abbotsford Office

June 5, 2011 Marc Pallisco Abbotsford, Abbotsford Apartment Development, Abbotsford Office Sale, Melbourne suburban office sale, Stonnington City Council, Union, Yarra City Council

THE Victorian Branch of the Australian Education Union, presided by Mary Bluett, may need to rely on fee revenue from government educators to pay off a spectacularly located office building it has purchased on the banks of the Yarra River in Abbotsford – next door to its current HQ.

The AEU’s off-market acquisition comes three years after the Association of Independent Schools of Victoria paid about $6 million for a massive art-deco office complex in Rosslyn Street, West Melbourne, and some two years since the National Union of Workers paid almost $7 million for a Bourke Street, Docklands head office.

The AEU is headquartered at a large building at 112 Trenerry Crescent, and rents out surplus office space. That building could be extended, and the site has redevelopment potential, sources say.

Victoria

Melbourne’s Riverside About to Undergo Apartment Building Boom

April 1, 2011 Marc Pallisco Abbotsford, Abbotsford Development Site Sale, Hamton, macquarie, salta, Salvo Property Group, Yarra River

RIVERSIDE Kew and Hawthorn residents share a phenomenon with Williamstown and Footscray residents – whereby eyesore factories on prime waterfront sites are tolerated because “they are better than flats”.

While remediation may prevent redevelopment of some western suburb industrial sites, however, plans are advanced to build new residential villages on former commercial blocks along the Yarra River, and particularly in Abbotsford.

Macquarie Capital is the latest developer to capitalise on the imminent riverside building boom, offering for sale a 5264 square metre block at 16 Flockhart Street with a permit for a 310 unit skyscraper village within a 12-storey complex (pictured, right).

Victoria

Mirvac Signs STA Travel to Southbank Office

December 1, 2010 Marc Pallisco Abbotsford, Eureka, Freshwater Place, mirvac, Southbank, Southbank Office Lease Deal

FOR the moment, residents in Southbank’s most exclusive skyscrapers can relax knowing their million dollar city views are preserved.

Sydney-based property giant Mirvac has signed tour enterprise STA Travel to a nine-year lease at a low rise office within a riverfront compound at Riverside Quay.

The Mirvac offices are on blue ribbon parcels of land abutting the Yarra River. At the moment the buildings are limited by a height restriction, however several long standing zonings have been removed, in the pro-development era that has ensued since the problematic Melbourne 2030 policy.

Inevitable high rise redevelopment of these Mirvac sites down the track will block postcard views currently enjoyed by residents at Eureka, Freshwater Place and other skyscrapers nearby.

Victoria

Salta Buys Residential Development Site in Congested Inner-City Precinct

July 13, 2010 Marc Pallisco Abbotsford, Hamton, richmond, salta, Salvo, Victoria Street

IN PEAK hour, in a car and behind the crammed trams – the retail strip that is Victoria Street, where Richmond meets Abbotsford can be one of the most congested roads in Melbourne to drive through.

And traffic is expected to move a bit slower in coming years, as more residents move to Victoria Street, in complexes being developed on the former Going Going Gone site, the Honeywell office site, and another property opposite the Victoria Gardens Shopping Centre, on the south-west corner of Burnley Street.

Victoria

Historic Harold Boot Company Factory, Abbotsford, Demolished For Commission Flats

July 12, 2010 Marc Pallisco Abbotsford, commission flats, Common Equity Housing Limited

YET to be replaced Federal Minister for Finance and Deregulation Lindsay Tanner may be moving out the marginal Melbourne electorate

Victoria

Apartments and Townhouses for Denton Mills Hat Factory Site, Abbotsford

May 20, 2007 Marc Pallisco Abbotsford, Apartments and Townhouses for Denton Mills Hat Factory Site, Real Estate News, victoria

DEVELOPER Burbank Homes has lodged an application to redevelop the Denton Hat Mill factory, in Abbotsford. Sources say the 113-year-old heritage-protected factory will be converted into 20 townhouses, 38 apartments and nine retail shops.

Victoria

Australand to Sell Riverfront Site Near Victoria Park Stadium

April 19, 2010 Marc Pallisco Abbotsford, australand, Yarra River

AUSTRALAND is selling a 4000 square metre inner-city development site, wedged between Collingwood Football Club’s Victoria Park stadium, and the Yarra River.

The Abbotsford property at 80 – 110 Trenerry Crescent, will be sold with a permit for a nine-level residential building, with 94 units.

Australand has already developed townhouses on part of the site, which is near Dights Falls, and next to the prominent Australian Education Union Victorian Branch offices.

Victoria

Abbotsford’s Terminus Hotel Latest in a String of Melbourne Pubs to Sell

March 3, 2010 Marc Pallisco Abbotsford, ALH, Bruce Mathieson, hotel, pub, Woolworths

ABBOTSFORD’s prominent green Terminus Hotel has sold to an owner occupier for a price speculated to be about $5.5 million.

The pub, often touted as being in Richmond because it sits at the suburb border (Victoria Street) was sold by Jones Lang LaSalle’s Mathew George in an off-market campaign.

The Terminus is the latest in a string of pubs to be put up for sale recently.

Victoria

Hamton, ISPT Forge With Plans to Develop $200 Million Riverfront Village, Abbotsford

November 30, 2009 Marc Pallisco Abbotsford, Hamton, hawthorn, ISPT, kew, Melbourne suburban apartment development, Victoria Gardens, Yarra River

THE development consortium which bought three low-rise offices on the banks of the Yarra River, is forging ahead with plans to demolish two of the buildings, and replace the space with a $200 million residential village.

Developers Hamton and Industry Superannuation Property Trust have started marketing apartments at 677 – 679 Victoria Street, opposite the Victoria Gardens shopping centre in Abbotsford, at the suburb border of Kew and Hawthorn.

The developers are reported to have paid Becton about $30 million for the office complex late last year, outmuscling traditional property investors sniffing the market out at the time for good bargains.