chapel street Archives - realestatesource

CR Kennedy Site, South Yarra, Relisted For Sale

September 8, 2011 Marc Pallisco chapel street, forrest hill, Little Project Developments, Meteir3, south yarra, South Yarra Development Site Sale, Stockland

ONE of last year’s biggest development site sales has fallen through forcing the asset to be relisted for sale this week.

The South Yarra property at 661 – 669 Chapel Street is one of the last undeveloped sites within a former industrial precinct known as Forrest Hill that is being rebuilt by various builders as a new village with residential and office skyscrapers.

Occupied and still owned by photographic distributor CR Kennedy, the 3537 square metre site was reported to have sold for $25 million last December to design practice Metier3, which had just offloaded its interest in a Docklands office worth $240 million. It was expected Metier3 would exploit the South Yarra site’s 65 metre frontage to Chapel Street with an apartment-based village.

Victoria

Wesfarmers To Unveil New Concept Store, Urban at Target, in Melbourne

June 21, 2011 Marc Pallisco challenger, chapel street, south yarra, South Yarra Retail Lease, Target, Urban by Target, Wesfarmers

WESFARMERS owned Target will open the first of its “small format store” in Melbourne, in September.

The new store, Urban by Target, will occupy 1000 square metres of space once occupied by Virgin Megastore at the prominent Jam Factory in South Yarra, owned by Challenger.

Wesfarmers, which also owns supermarket giant Coles, is looking to expand both its Urban by Target and Target Country divisions. It’s also planning more large-format Target stores.

Victoria

Metier3 Buys CR Kennedy Site, South Yarra, Melbourne

December 23, 2010 Marc Pallisco chapel street, forrest hill, Metier3, south yarra, South Yarra Development Site Sale, Stockland

CASHED-up design practice Metier3 is understood to have paid $25 million for a development site near the retail epicentre of Chapel Street and Toorak Road.

The 3,537 square metre parcel is one of the last remaining major industrial sites within the South Yarra pocket known as Forrest Hill, bound by Alexandra Avenue, Chapel Street, Toorak Road and the train station (which runs parallel to Yarra Street).

Forrest Hill has seen rampant high density redevelopment in recent years. One developer’s ambitious 38-level skyscraper proposal was given the green light 16 months ago.

News Victoria

Chapel Street’s Conways Buildings sells for $12.8m

August 30, 2010September 22, 2021 Marc Pallisco chapel street, Melbourne Suburb Retail Sale, prahran

CHAPEL Street’s historic Conways Building sold at auction on Thursday for $12.8 million.

On a 1000 square metre site, the 2372 square metre Prahran building is configured as four ground floor retail shops, and ten upper floor commercial studios.

On a fully let basis, the property could rent for $775,000 per annum, meaning the asset sold on a 6 per cent market yield.

Victoria

Prominent Prahran Commercial Property to be Redeveloped Into Apartments

June 30, 2010 Marc Pallisco chapel street, prahran, Windsor

CHAPEL Street wasn’t always about designer brands and snootily staffed cafes.

Up until five years ago, one remnant of the street’s working class origins – the massive three level furniture emporium once known as Horderns and later, Rabenault, traded proudly on the south-east corner of Chapel and High streets.

For a century the retailer would strap mattresses to its beautiful but at times derelict shopfront.

Victoria

Bridge Road Tops Retail Strip Survey

October 30, 2007 Marc Pallisco Bridge Road Tops Retail Strip Survey, chapel street, Real Estate News, victoria

DISCOUNT store shopping mecca Bridge Road has topped a new retail survey, recording the lowest vacancy rate of eleven suburban shopping strips.

Victoria

Watpac Proposes $50m Development, Chapel Street

August 22, 2008 Marc Pallisco chapel street, Real Estate News, victoria, Watpac Proposes $50m Development

Less than a year after it acquired Melbourne-based construction company JA Dodd, Queensland-based developer Watpac has snapped up a Chapel Street development site it plans to convert into a $50 million mixed-use project.