Fridcorp Archives - realestatesource

BOUTIQUE builder Fridcorp has redesigned and rebranded the controversial $120 million South Yarra apartment proposal that it bought into a couple of months ago.

The site, on the south-west corner of Chapel Street and Alexandra Avenue and opposite the Yarra River, has for some 18 months been marketed as Tresor – a 14-level tower which would have included 99 luxury apartments (artist impression, right).

Network Nine executive director Jeff Browne was one of Tresor’s highest profile buyers, paying a reported $5 million for a four-bedroom unit, off-the-plan.

Victoria

Evolve Developmenet Acquires Former Channel Seven Office and Proposes $190 Million Guilfoyle Tower

May 3, 2010 Marc Pallisco Channel Seven, Evolve Development, Fridcorp, Melbourne apartment tower, Ron Walker, South Melbourne, St Hilliers, Westpac Funds Management

EVOLVE Development, the burgeoning Melbourne-based builder spearheaded by ex-Fairfax chairman Ron Walker, and business partner Ashley Williams, will develop its largest project to date in South Melbourne.

The developer is believed to have paid Westpac Funds Management about $15 million for the 35 – 47 Coventry Street development site once occupied by Channel Seven as its head office.

Westpac acquired the asset after builder St Hilliers, which bought the site from Seven in 2003, drafted a residential conversion plan for the disused office, but never proceeded with building it.

Victoria

FoodWorks to Open Gourmet Outlet at Base of ELM Complex, South Melbourne

February 14, 2010 Marc Pallisco Fridcorp, Melbourne retail sale, supermarket

INDEPENDENT supermarket group FoodWorks has purchased retail space at the ground floor of a $160 million apartment tower, being developed on the former HSV-7studio site in South Melbourne.

FoodWorks has paid $1.75 million for the 420 square metre retail space at the bottom of the Elm complex, which it plans to open as a gourmet outlet.

Construction of the 22-level Elm tower started last March, and is due for completion in December 2010. FoodWorks expects to open its doors by September.