Central Equity Buys Piece of Outgoing Age Headquarters, Lonsdale Street
HIGH rise apartment builder Central Equity is the mystery buyer of a massive CBD residential development site, once the eastern-most boundary of The Age’s outgoing headquarters.
The 3,420 square metre property, spread over four streets but marketed as 612 – 620 Lonsdale Street, sold last month for $17 million on a long settlement.
Despite being sold with a permit for a 748-unit apartment complex and retail laneway, in two towers of 51, and 40 levels, it’s expected the new owner will go back to the drawing board with a new proposal.
