Melbourne apartment development

RICHMOND’s former Fields Knitting Mills factory, in Lord Street, Melbourne, is set to be redeveloped into a $60 million, six-level apartment complex.

Developer W Property Group said 85 per cent of the 88 units available in the Cirque complex have sold – enough to satisfy the bank’s tight funding requirements, and get construction started by July.

Oliver Hume Real Estate marketing agent Cameron Clarke said the oversized apartment shells were a contributing factor to Cirque’s success.

Victoria

Central Equity Wastes no Time Proposing New Southbank Tower

February 24, 2010 Marc Pallisco Central Equity, Melbourne apartment development

HIGH rise apartment developer Central Equity hasn’t wasted any time proposing a new skyscraper for a site it recently acquired in Southbank.

The developer is planning a 43-storey, 513-unit complex for the 141 -1 55 City Road site, which it purchased from Crown Casino for about $13 million late last year.

A second building is also expected to be developed on the 2,527 square metre site, formerly the casino’s training college.

Victoria

Salta to Start Construction at Derelict Richmond Corner at Last

February 14, 2010 Marc Pallisco Melbourne apartment development, richmond, salta, Victoria Gardens

CONSTRUCTION of a new apartment tower at the busy intersection of Burnley and Victoria streets, in Richmond, is set to start this year, after developer Salta achieved enough apartment pre-sales to get its $100 million aplacetolive project out of the ground.

Marketing of Sienna, the second of four apartment building within the aplacetolive project, is now underway. Almost all of the 88 units in the first building, Jade, have sold.