RMIT – realestatesource https://www.realestatesource.com.au Commercial and residential property news Thu, 16 Jun 2011 04:00:43 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png RMIT – realestatesource https://www.realestatesource.com.au 32 32 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”.

]]> Grocon Proposes 90-Level Skyscraper For Disused CUB Site, Carlton https://www.realestatesource.com.au/grocon-proposes-90-level-skyscraper-for-disused-cub-site-carlton/ Sat, 18 Sep 2010 04:14:25 +0000 http://realestatesource.com.au/wordpress/grocon-proposes-90-level-skyscraper-for-disused-cub-site-carlton.html THE Melbourne CBD skyline will have a Eureka of the north, if a proposed 90-storey skyscraper is granted approval, on part of the former Carlton and United Brewery site, in Carlton, and on the cusp of the city grid.

The building will include 800 apartments and soar 280 metres, making it slightly shorter than the landmark Eureka tower, in Southbank – which rises 89 levels and has 550 apartments.

Dubbed by developer Grocon as the DCM building, in honour of architect firm Denton Corker Marshall, the land had originally been earmarked to become an office building, before the economic downturn.

Grocon owns a majority of the undeveloped site, hidden behind bluestone walls. It bought the 1.6 hectare site from RMIT for $39 million in 2006. RMIT retained a small portion of the block.
]]> “The apartments will be a mix of studio apartments, more affordable and suitable for students lower down, to the high-end luxury apartments near the top of the tower,” Grocon public relations adviser Jane Wilson told the Herald Sun. “

At least five major buildings are earmarked for the site.

]]> CBD Student Accommodation Development Site Fetches $18 Million https://www.realestatesource.com.au/cbd-student-accommodation-development-site-fetches-18-million/ Sun, 22 Nov 2009 11:42:04 +0000 http://realestatesource.com.au/wordpress/cbd-student-accommodation-development-site-fetches-18-million.html PROMINENT property investor Michael Buxton has sold one of the city’s biggest student accommodation development sites for $18 million.
 
The 410 Elizabeth Street office building, which Mr Buxton bought off the Royal Melbourne Institute of Technology five years ago for $8.25 million before obtaining a redevelopment permit, is expected to make way for a 50-level, 240-unit tower.
 
According to council reports, the new tower is expected to be delivered over the next three to five years.
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RMIT has used the existing 7-level, 6,091 square metre building on the north-east corner of A’Beckett Street as offices and classrooms. The office is known amongst staff and students as Building 87.
 
Knight Frank director Clinton Baxter sold the development site with Langton McHarg to an undisclosed residential developer.
 
Mr Baxter said the campaign generated significant off-shore interest, resulting in a record price of $17,800 per square metre of land.

Related article: http://www.realestatesource.com.au/rmits-outgoing-building-87-to-be-sold-with-permit-for-50-level-apartment-tower.html

]]> RMIT’s Outgoing Building 87 to be Sold With Permit For 50-Level Apartment Tower https://www.realestatesource.com.au/rmits-outgoing-building-87-to-be-sold-with-permit-for-50-level-apartment-tower/ Sun, 04 Oct 2009 11:10:36 +0000 http://realestatesource.com.au/wordpress/rmits-outgoing-building-87-to-be-sold-with-permit-for-50-level-apartment-tower.html A CBD building, offloaded by the Royal Melbourne Institute of Technology five years ago, has been listed for sale this week as a major residential development site.
 
The 410 Elizabeth Street office, known to RMIT staff and students as Building 87, will be sold with a development permit for a 50-level apartment building, capable of accommodating hundreds of units.
 
The property is owned by developer Michael Buxton, who paid RMIT $8.25 million for the office in 2004, before working on obtaining a residential development permit.

]]> Last year, details of the proposed project appeared on the website of boutique developer Hamton, a property development venture between Michael’s son Steve, and Paul Hameister, both of which were unavailable for comment.
 
The Elizabeth Street property is expected to reap about $16 million, according to sources, and will be sold with a short-term lease to RMIT, which occupies all of the soon-to-be-demolished 7-level, 6,091 square metre building, at the north-east corner of A’Beckett Street. Knight Frank director Clinton Baxter is marketing the site.

]]> Watpac to Build $62 Million RMIT Building on Former Carlton & United Brewery Site, Melbourne https://www.realestatesource.com.au/watpac-to-build-62-million-rmit-building-on-former-carlton-a-united-brewery-site-melbourne/ Mon, 06 Jul 2009 17:41:26 +0000 http://realestatesource.com.au/wordpress/watpac-to-build-62-million-rmit-building-on-former-carlton-a-united-brewery-site-melbourne.html RMIT Cub BuildingWatpac Limited’s (ASX: WTP) Construction division has been awarded the construction of the RMIT University Design Hub, with a contract sum of $62 million.

The high-profile project will be located at the strategic north-west corner of Swanston and Victoria Streets, on the site of the former Carlton United brewery.

Watpac Construction National General Manager, Martin Monro, said the award of this landmark project represented a key milestone in the company’s strategy of growth in the Victorian market.

“Watpac has worked diligently to expand our Construction division in Victoria, and the award of this significant project—our largest to date in this market—is an endorsement of our team and their dedication to building on our reputation for excellence and quality,” Mr Monro said. ]]> “RMIT University is renowned as one of the country’s leading research and design institutions and Watpac is delighted to be involved in the construction of this landmark design project.

“The Design Hub is indicative of the high level of technical expertise and specialised skills Watpac possesses, which have been responsible for the successful completion of a range of projects for a varied clientele along the eastern seaboard.

“We are excited to deliver such an innovative project, building on our environmental credentials, and allowing the talents of our Watpac staff to be showcased in such a prominent location on Melbourne’s civic access.”

The Design Hub will house RMIT’s diverse range of design initiatives, design research groups and post-graduate programs, with multi-disciplinary teams working across a range of disciplines including textile and fashion design, architecture, industrial design, landscape architecture, urban design, engineering, fine art and creative media.

The 12,000m2 building will comprise two basement levels and eight levels above street level, and will contain research, lecture, and exhibition spaces.
The landmark project is registered for a Green Star rating under the Green Building Council of Australia’s Education V1 rating tool, and includes a range of environmentally sustainable design features.

Designed by leading Melbourne architect Sean Godsell with Peddle Thorp, the building will feature a climatically responsive ‘smart skin’ comprised of 16,000 sand-blasted glass cells, which will track the sun via the building computer automation system to help shade and power the building.

Additional environmentally sustainable features include an under floor air distribution system, rain and waste water harvesting, an internal waste management system, extensive energy metering and display of live energy data, as well as careful selection of all building materials to minimise the building’s environmental impact.

Work is expected to start on site immediately with completion scheduled for mid-2011.

This project builds on the significant number of Green Star-rated projects undertaken by Watpac, as well as a large number of projects completed for the research and education sectors.

In Queensland, Watpac is currently building the $361 million Knowledge Based Research and Business Project, involving offices, laboratories, and specialist research facilities, including facilities for 200 scientists.

In New South Wales, Watpac was recently awarded the $80 million Cochlear Global Headquarters construction contract at Macquarie University, and the $50 million Woolworths Data Centre project.

Another image of the CUB Carlton development:

New RMIT Building Carlton 

 

 

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