Fridcorp – realestatesource https://www.realestatesource.com.au Commercial and residential property news Sat, 06 Aug 2011 04:55:35 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Fridcorp – realestatesource https://www.realestatesource.com.au 32 32 Fridcorp Doubles the Density of Controversial South Yarra Apartment Tower https://www.realestatesource.com.au/fridcorp-doubles-the-density-of-controversial-south-yarra-apartment-tower/ Sat, 06 Aug 2011 04:55:35 +0000 http://realestatesource.com.au/wordpress/fridcorp-doubles-the-density-of-controversial-south-yarra-apartment-tower.html 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.
]]> However Fridcorp will now increase the density of the proposed project by fitting 180 flats within the approved building shell. A new artist impression presents a slightly different façade to the Tresor proposal.

The Avenues will replace a Lamborghini car dealership.

Elsewhere in the immediate area, design practice Metier3 recently paid photographic distributor CR Kennedy $25 million for a 3537 square metre low-rise industrial site at 661 – 669 Chapel Street. That site is expected to make way for at least two major apartment towers in the medium to long term.

New apartment projects are also being developed behind the Como Hotel, and replacing former industrial zoned properties immediately west of the South Yarra train station – not far from The Avenues – and in an area known throughout planning as Forrest Hill.

Fridcorp is nearing the completion of a $150 million high-density apartment project, lilli, which is being developed within the Forrest Hill precinct, on a site which once housed notorious nightclub Salt.

]]> Evolve Developmenet Acquires Former Channel Seven Office and Proposes $190 Million Guilfoyle Tower https://www.realestatesource.com.au/evolve-developmenet-acquires-former-channel-seven-office-and-proposes-190-million-guilfoyle-tower/ Mon, 03 May 2010 11:42:21 +0000 http://realestatesource.com.au/wordpress/evolve-developmenet-acquires-former-channel-seven-office-and-proposes-190-million-guilfoyle-tower.html Ron WalkerEVOLVE 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.
]]> Evolve’s purchase paves the way for it to develop a $190 million apartment tower called The Guilfoyle, named after a former director of Melbourne’s Botanic Gardens, William Guilfoyle.

The Guilfoyle will soar 21 levels and include 353 apartments starting at $330,000 for a one-bedroom, and $480,000 for a two-bedroom.

Like some other high rise complexes in the nearby Southbank and St Kilda Road areas, The Guilfoyle will include an indoor heated pool, gymnasium, residents lounge and landscaped podium. Construction is set to start next January and take two years.

Elsewhere in Melbourne, Evolve has marketed projects in Prahran, North Melbourne and Wollert.

Its most controversial proposed project is in Williamstown, where it is hoping to replace disused factories with an apartment village including a tower that will rise 12-levels.

]]> FoodWorks to Open Gourmet Outlet at Base of ELM Complex, South Melbourne https://www.realestatesource.com.au/foodworks-to-open-gourmet-outlet-at-base-of-elm-complex-south-melbourne/ Sun, 14 Feb 2010 12:28:24 +0000 http://realestatesource.com.au/wordpress/foodworks-to-open-gourmet-outlet-at-base-of-elm-complex-south-melbourne.html 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.
]]> Elm is one of several projects on the books of boutique builder Fridcorp, headed by Paul Fridman.

Fridcorp’s other Melbourne projects include Lilli (on the site of the former Salt nightclub) in South Yarra, the Ivy, opposite the St Kilda Botanical Gardens, and several boutique projects in Elwood.

Fridcorp is reported to have paid $15 million for the former HSV-7 studio and prominent transmission tower in 2007.

Television shows filmed at the former Dorcas Street complex – which dominated the South Melbourne skyline from 1956 until it was demolished early last year – included City Homicide, Fast Forward and the networks news and sports broadcasts.

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