New Melbourne Apartment Project – realestatesource https://www.realestatesource.com.au Commercial and residential property news Thu, 23 Jun 2011 04:00:02 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.5 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png New Melbourne Apartment Project – realestatesource https://www.realestatesource.com.au 32 32 17-Level Apartment Tower Mooted Near Collingwood’s Victoria Park Stadium https://www.realestatesource.com.au/17-level-apartment-tower-mooted-near-collingwoods-victoria-park-stadium/ Thu, 23 Jun 2011 04:00:02 +0000 http://realestatesource.com.au/wordpress/17-level-apartment-tower-mooted-near-collingwoods-victoria-park-stadium.html SOON, Melbourne’s eyesore commission flat towers might not be the tallest buildings within their suburbs.

Far from being daunted by new planning minister Matthew Guy shredding of the Brumby government’s problematic Melbourne 2030 planning policy (which he argued in Opposition treated metropolitan Melbourne like one giant development zone), residential developers are still proposing big, bold buildings. This is despite Melbourne planning being a relative state of limbo until a new planning strategy is formulated.

This time, in Magpie land and near the Victoria Park stadium (pictured) and train station, a proposal has been lodged to build a 204-unit residential village with ground floor shops and a 17-level tower.

]]> At 247-259 Johnston Street, in Abbotsford, the site encapsulates the red brick St Crispin House building, as well as a rear property between 36 – 40 Stafford Street – opposite a low rise public housing complex.

The council is seeking advice about the Abbotsford proposal which it will submit to the Victorian Civil and Administrative Tribunal, for a decision in about September.

As well as the apartment tower and townhouses, the development will add three shops and about 118 car parks and 129 bike bays.

At 17-levels the proposal is one of the tallest recently proposed for the inner north-eastern suburb, which has led its neighbours Richmond, Collingwood and Fitzroy, in regard to high density development so far this century.

Commission flat towers throughout Melbourne vary in height, but the prominent complexes around Victoria Park rise over 20 levels.

Suburban Melbourne’s biggest proposal is Capitol, South Yarra, a 38-level tower earmarked for the north-west corner of Toorak Road and Chapel Street in South Yarra.

 

]]> Sunland Unveils New Project, Eton, in Melbourne’s Bundoora https://www.realestatesource.com.au/sunland-unveils-new-project-eton-in-melbournes-bundoora/ Thu, 16 Jun 2011 04:00:43 +0000 http://realestatesource.com.au/wordpress/sunland-unveils-new-project-eton-in-melbournes-bundoora.html IT’S incredible to think Bundoora’s University Hill project, which upon completion will have an end value of more than $1 billion, is being developed on 104-hectares of largely disused farmland local developer MAB Corporation bought from the Royal Melbourne Institute of Technology in 2004 for just $21 million.

Measured by end value, the project, 20 kilometres north of CBD and on land which also once accommodated the Janefield Special School, is one of Victoria’s biggest urban renewals. In seven years, land around the picturesque Plenty Gorge has slowly been replaced with shopping centres, offices, aged care facilities and housing estates.
]]> In 2006, MAB sold a 44.5 hectare portion of the part developed University Hill to Queensland based developer Sunland – behind the ritzy Palazzo Versace Hotel, and the country’s tallest apartment building, Q1, both on the Gold Coast. Sunland is also responsible for St Kilda Road’s distinctive Yve and Balencea apartment towers.

Now, Sunland is proposing to build a medium-density townhouse project – Eton – on a part of the Bundoora land it brands Chancellor at University Hill.

Eton will include 49 double storey, two bedroom terraces, each with two car parks and a landscaped courtyard. Prices start at $425,000 and construction is set to start “in coming months”.

]]> Aerial Penthouse, Camberwell, Expected to Fetch About $4 Million https://www.realestatesource.com.au/aerial-penthouse-camberwell-expected-to-fetch-about-4-million/ Thu, 09 Jun 2011 04:34:11 +0000 http://realestatesource.com.au/wordpress/aerial-penthouse-camberwell-expected-to-fetch-about-4-million.html Queensland born and now Sydney-based developer FKP has listed for sale the one and only penthouse within its contentious Aerial project, at the Camberwell Junction, in East Hawthorn (pictured, right).

The 388 square metre unit is at the top floor of Aerial’s west tower and includes four bedrooms, four car spaces and a 128 square metre balcony. It also has floor-to-ceiling windows offering uninterrupted city skyline views.

The Victorian Civil and Administrative Tribunal approved Aerial in early 2008, and then in 2009, allowed the developer to increase the number of units within the development by 40 per cent, to 144.

]]> The tallest building within the mixed-use Aerial project will rise 14 levels. Residents will share an on-site concierge, a 12-seat cinema and a rooftop swimming pool and landscaped deck.

FKP is marketing the penthouse for sale directly. It’s expected to sell for about $4 million.

 

]]> Controversial South Yarra Project Tresor Set to Take Shape Next Year https://www.realestatesource.com.au/controversial-south-yarra-project-tresor-set-to-take-shape-next-year/ Sat, 06 Nov 2010 04:00:59 +0000 http://realestatesource.com.au/wordpress/controversial-south-yarra-project-tresor-set-to-take-shape-next-year.html NETWORK Nine executive director Jeff Browne has purchased a four-bedroom apartment in one of South Yarra’s most controversial developments.

Tresor, on the corner of Chapel Street and Alexandra Avenue, opposite the Yarra River, will replace a Lamborghini dealership and include 99 apartments over 14 levels.

The development faced opposition from Melbourne High School, whose campus abuts the site, and entrepreneur Lindsay Fox, a former student who uses the school’s helipad.
]]> With a gym, theatre, steam room and 20 metre lap pool for its residents, Tresor is set to start construction next year.

]]> Gilpip Starts Redeveloping Former Mornington School https://www.realestatesource.com.au/gilpip-starts-redeveloping-former-mornington-school/ Mon, 10 May 2010 01:58:13 +0000 http://realestatesource.com.au/wordpress/gilpip-starts-redeveloping-former-mornington-school.html GILPIP Bayside Projects, which in 2008 paid the Catholic Church $10 million for its outgoing St Macartans Primary School, is readying to redevelop the site into a $40 million housing estate.

Gilpip is planning to replace the two-hectare former Tanti Avenue school, with a medium density residential project including 21 apartments and five townhouses, some which will offer water views.

A 15-lot subdivision, with block sizes ranging from 415 square metres to 623 square metres has also been put to the market, as part of the Macartans Place redevelopment, which Gilpip is marketing  via an on-site sales suite.
]]> The Catholic Church owned the school, and a neighbouring convent site, which had direct beach access.

It sold the convent in 2006 for $10 million to developer Becton who has since redeveloped the site into flats and townhouses.

Gilpip selling agent Daniel Reaper said the local developer has treated the school as a heritage listed building, despite it not being protected. The entire historic school building will be retained and renovated as part of the project.

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