Historic Building Archives - realestatesource

ANOTHER proposal has been lodged that is so large that decision-making power bypasses council to rest with Planning Minister Matthew Guy.

This time, on land behind the historic former Royal Saxon Hotel at 441-447 Elizabeth Street, and affecting an adjoining property at 449 Elizabeth Street, a developer plans to develop a 50-level residential tower with 306 flats but just 119 car park bays.

The property was recently identified in the Melbourne City Council’s central heritage review as worthy of protection, being one of the oldest surviving buildings of its type.

Victoria

St Kilda’s Former Post Office Sells For $4.75 Million to Asian Apartment Developer

February 8, 2010 Marc Pallisco Historic Building, Melbourne development site sale, new apartment development, overseas investor, st kilda

ST Kilda’s historic Post Office building, at the corner of St Kilda Road and Inkerman Street, has sold to an Asian developer for $4.75 million.

The 1,236 square metre site at 306 – 310 St Kilda Road, sold with a permit for a five-level, 40-unit serviced apartment building, with a ground floor restaurant to be built into the existing Post Office building.

The sale reflects a price of about $3,843 per square metre of land.