South Yarra’s Best Located Eyesore to be Replaced with $100 Million Tower
SOUTH Yarra’s best located eyesore may be demolished and replaced with a chic $100 million apartment tower – designed by the same architect that penned Melbourne’s distinctive Rectangular Stadium.
Little Project Developments has lodged a development application with the Stonnington City Council to build a 24-level, 350-unit apartment complex on the site of an ANZ data centre at 227 – 233 Toorak Road, near the busy Chapel Street intersection.
LPD paid ANZ about $33 million for the office in 2007, and was expected to incorporate the 1970s brick building into a new 32-level residential development, possibly adding a second tower to vacant land at the rear of the site.
