Former PM Residence, St Kilda Road, Melbourne, Listed For Sale

ONE of the few remaining historic mansions in Melbourne’s grand St Kilda Road is being offered for sale – but its fate – as a luxury home, or as an equally lavish office – is now in the hands of whoever waves the biggest cheque.

The prominent Airlie mansion at 452 St Kilda Road, on the north-west corner of Arthur Street was once occupied by Prime Minister Stanley Bruce whose Nationalist-Country coalition governed the country between 1923 – 1929.

Built in 1891, Airlie was eminent during a period St Kilda Road was revered as the address of Melbourne’s wealthiest aristocrats and where some of the city’s most grandiose residential real estate was developed.

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Clement Lee’s Riverlea to Build Apartment Complex at 108 Flinders Street Melbourne

HERITAGE Victoria noted artwork at the ground level of a nondescript, low-rise office building at 108 Flinders Street will be moved, and reinstalled into the ground level of the city’s next major apartment building.

Fender Katsalidis Architects, a boutique architect collaboration headed by designers Karl Fender and Nonda Katsalidis, have proposed a new tower for the site which would offer views of Birrarung Marr, Federation Square and the Flinders Street rail yards – another city site earmarked for redevelopment.

Rising 12 levels, and due for completion in 2012 the development will include 189 apartments starting at $345,000 for a one bedroom unit and $535,000 for a two bedroom flat.

The proposal will see a new restaurant built at the end of AC/DC Lane, which this site backs onto.

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Victorian Government Reaps $40 Million From Sale of Old Melbourne Convention Centre

THE Victorian Government has made about $40 million from the sale of the old Melbourne Convention Centre.

A joint venture between local developer Clement Lee and Eureka Funds Management has purchased the development site on the south-west corner of Flinders and Spencer streets.

A $300 million mixed use village is planned, according to the AFR which reported the sale.

Eureka owns the neighbouring Crowne Plaza Hotel, while Mr Lee’s Asset 1 owns the World Trade Centre, to the west of the former state government site.

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