A CHINA-based developer is understood to have paid $3 million for a 1465 square metre development site near a prominent Doncaster Hill junction, about 13 kilometres east of town.
The 86 – 88 Tram Road sold with a permit for a six-level, 28-unit tower, each with balconies and car parks. The site is about 150 metres from the corner of busy Doncaster Road, and near Westfield Doncaster – the site Sydney-based retail giant Westfield chose to develop its first Melbourne shopping centre in 1969. Savills Nick Peden and Nick Dempsey were the marketing agents.
Manningham City Council has been encouraging high density housing for arguably for longer than any suburban council – mainly around Doncaster Road.Read more