Southbank – realestatesource

City Shift as Provincial Victorians Buy Melbourne “Holiday House”

October 29, 2007 Marc Pallisco Ballarat, City Shift as Provincial Victorians Buy Melbourne "Holiday House", Docklands, inner city apartments, Select Category, Select Section, Southbank, sport, St Kilda Road

We’ve all heard about the sea changers – the growing number of Melburnians packing up their homes and heading to a new life in the coast or country.

Singles, couples and families are leaving in droves – trading in the city’s caffeine infused impersonal lifestyle for something more inspiring.

But while the sea-changers pack up their four-wheel-drives in search of a new home outside of the metropolitan area, they are passing a growing number of city shifters – those from provincial Victoria that are also looking for a change of scenery, and are setting up tent right in the heart of the city.

Tiny Southbank Site Earmarked For Major Tower

March 16, 2012 Marc Pallisco New Melbourne Apartment Complex, Southbank, Southbank Development Site Sale

A SLIVER of Southbank land, about the same size as would accommodate a standard inner-city terrace house, has sold for $1.23 million because of its redevelopment potential.

The 168 square metre site at 11-13 Hancock Street sold at auction this week before 45 observers. Savills directors Nick Peden and Clinton Baxter represented the vendors who constructed a workshop on the site in the 1940s.

The block is some 900 metres from the CBD, between the Crown Casino and Clarendon Street shopping strip. Sold with vacant possession, it is expected to make way for an apartment complex. Savills directors Nick Peden and Clinton Baxter were the marketing agents.

Drapac to Sell Southbank Electricity Substation

May 17, 2009 Marc Pallisco development site, Drapac, Southbank

A MASSIVE and prime located substation which pumps electricity to the inner-southern suburbs is expected to sell for more than

Development Site, Southbank, For Sale With Permit

March 3, 2012 Marc Pallisco Melbourne development site sale, New Southbank Apartment Tower, Southbank

PLANS are afoot to develop another major skyscraper on a Southbank site abutting the West Gate Freeway.

The affected site at 61-71 Haig Street, with rear access to Blakeney Place, is on the city side of the major freeway, near Crown Casino, the Melbourne Exhibition Centre and Clarendon Street shops.

Now being offered for sale, and with price expectations of about $14 million, the 1857 square metre site is not being offered with a permit. However the area is permitted for buildings of about 100 metres, meaning the commercial sites could make way for a residential tower of about 30 levels.

Prominent Pubs, and a Western Suburbs Development Site, Offered in $80 Million Portfolio

May 1, 2011 Marc Pallisco Albert Park, Altona North, beaumaris, byron bay, Melbourne development site sale, Melbourne Hotel Sale, Melbourne Pub Sale, Mentone, Southbank, st kilda, yarraville

SOME of Melbourne’s most popular hospitality venues – and a major western suburb development site – form part of an $80 million portfolio of properties set to hit the market next month.

A consortium of Melbourne-based private investors, including Sebastian Catalfamo and Gilbert Cabral, will share in the spoils of the eight properties which are being offered separately.

In Melbourne, hospitality venues include The Point on Albert Park Lake – a 940-seat venue which is expected to sell for about $3 million.

Mirvac Signs STA Travel to Southbank Office

December 1, 2010 Marc Pallisco Abbotsford, Eureka, Freshwater Place, mirvac, Southbank, Southbank Office Lease Deal

FOR the moment, residents in Southbank’s most exclusive skyscrapers can relax knowing their million dollar city views are preserved.

Sydney-based property giant Mirvac has signed tour enterprise STA Travel to a nine-year lease at a low rise office within a riverfront compound at Riverside Quay.

The Mirvac offices are on blue ribbon parcels of land abutting the Yarra River. At the moment the buildings are limited by a height restriction, however several long standing zonings have been removed, in the pro-development era that has ensued since the problematic Melbourne 2030 policy.

Inevitable high rise redevelopment of these Mirvac sites down the track will block postcard views currently enjoyed by residents at Eureka, Freshwater Place and other skyscrapers nearby.

JH Boyd Girls School

Southbank’s Next Skyscraper to be Developed on Rear Yard of JH Boyd Girls School

August 23, 2010 Marc Pallisco New Melbourne Apartment Tower, Southbank

A SLITHER of land behind one of Southbank’s oldest and grandest buildings – the former JH Boyd Girls’ High School – will make way for a major skyscraper, set to become a landmark near the busy intersection where the West Gate Freeway merges with Kings Way.

The City of Melbourne will ask private developers to build a 30-level tower filled with apartments, offices and shops, at the rear of a school site it acquired for $10.5 million in 2005.

Bound by City Road, Kings Way, Kavanagh and Balston streets, the balance of the property will be redeveloped as a cultural and community hub to service Southbank’s growing population, and evolving ethos.

Two parks – one measuring 1000 square metres, and another of 2500 square metres will also be developed on the site over the next four years.

Plan International Australia Leases Southbank Office

August 24, 2010 Marc Pallisco Southbank, Southbank Office Lease

HUMANITARIAN group Plan International Australia has leased 1000 square metres at the IBM Tower, at 60 City Road in Southbank.

The undisclosed rent is speculated at about $300 per square metre, per annum.

In June, Dexus Property Group announced plans for a $26 million refurbishment of its Southgate restaurant and retail complex, which is accessible to 60 City Road via a walkway.

Australian Red Cross Sells Southbank Carpark to Developers

July 19, 2010 Marc Pallisco Southbank

IT might have seemed like just another inner-city development site sale, but it’s actually the end of an era.

The Australian Red Cross has sold another major piece of land near its outgoing Southbank headquarters, now that it is based across town.

The charitable organisation made $5 million from the sale of the 1448 square metre site at 127 – 129 Kavanagh Street, which is expected to make way for apartments.

Former QBH nightclub

Southbank’s Next Major Skyscraper on its Way

July 11, 2010 Marc Pallisco australand, Crown Casino, Eureka, Freshwater, New Melbourne Apartment, QBH, Schiavello, Southbank

NOTORIOUS nightclub QBH will be converted into a luxury display suite, for the Southbank riverfront’s next major apartment tower.

Last week, advertising started for the proposed 66-level, 616-unit Prima Pearl Apartment complex, at 31 – 49 Queensbridge Street.

The project is being proposed by furniture magnate and property developer Tony Schiavello, who recently paid $10 million for the QBH club, at 1 Queensbridge Street, near the Prima Pearl site.

The QBH property has direct Yarra River frontage – and as such, redevelopment potential down the track.

Baracon Retains Southbank Site, Decides to Develop Major Tower

June 14, 2010 Marc Pallisco Baracon, Southbank

SOUTH Melbourne based developer Baracon has decided to retain a prominent Southbank development site. Baracon had been expected to make

Gordon Ramsay’s Maze Restaurant Opens in Melbourne

April 13, 2010 Marc Pallisco Crown Casino, Southbank

SWEARING chef Gordon Ramsay has opened his first Australian restaurant, at Crown’s new $300 million Metropol Hotel, in Melbourne.

The 300 seat restaurant opened in late March, but the chef attended the official launch of the Crown hotel in May.

The Maze at Crown restaurant focusses on delivering better value for money meals, than the high-end dishes the celebrity chef was dealing, when he first agreed to lease space in Melbourne, a couple of years ago.

ARC to Sell Southbank Car Park

April 19, 2010 Marc Pallisco Melbourne Residential Development Site, Southbank

IT will be the end of an era next year in Southbank, when one of its most prominent office occupants, the Australian Red Cross, relocates to a new headquarters, on the other side of town.

The ARC has listed for sale an open-air car park site, at 127 – 129 Kavanagh Street, near the corner of Balston Street.

The 1448 square metre site, which the ARC will sell with vacant possession or with an 18-month lease back, is expected to arouse interest from residential developers.

Victorian Government to Hand Over One of Melbourne’s Largest Undeveloped Central Sites

March 21, 2010 Marc Pallisco commission flats, Docklands, Mixed Use Village, New Melbourne Apartment Building, New Melbourne Office Building, New Melbourne Shopping Centre, public housing, social housing, South Wharf, Southbank

THE State Government of Victoria is formalising a plan to redevelop one of central Melbourne’s largest undeveloped sites, at the riverfront junction the CBD merges with Southbank and Docklands.

Between the Mission to Seafarers building at the corner of Wurundjeri Way and Siddeley Street, and stretching almost the length to the Charles Grimes Bridge, the massive 1.24 hectare site, accommodating old industrial sheds in a precinct called Flinders Wharf, has a 230 metre frontage to the Yarra River.

A Registration of Interest campaign was quietly launched by the government this week, seeking advice from consultants and developers to propose a new future for the site, likely to incorporate offices, shops and apartment towers, possibly with a component of affordable and social housing.

Two More Major Apartment Towers Set For Melbourne’s Southbank

February 19, 2010 Marc Pallisco Central Equity, Dheeraj East Coast, First Delta Group, Melbourne apartment tower, Salvo, Southbank

MELBOURNE’s fast-gentrifying inner-city suburb of Southbank is about to see another major development.

Salvo Property Group has unveiled plans to develop two apartment towers totalling 850 units.

Construction of the project on City Road will start with pre-sales reach 70 per cent, director Mario Salvo told the AFR.

Film Director Buys Luxury City Apartment

October 30, 2007 Marc Pallisco Celebrity, Film Director Buys Luxury City Apartment, Real Estate News, Southbank, victoria

Award winning film director Frank Schepisi has quietly been undertaking some property plays in Melbourne.

Herald & Weekly Times in the Market for Space

October 30, 2007 Marc Pallisco CBD Office, Docklands, Herald & Weekly Times in the Market for Space, Real Estate News, Southbank, victoria

Meanwhile, on the other side of the Yarra River, Herald and Weekly Times has formally come to the market with an 18,000 square metre office leasing requirement – the third biggest in Melbourne at the moment.

NSC Group Leases Space at Hallmarc Business Park, Southbank

September 23, 2008 Marc Pallisco NSC Group Leases Space at Hallmarc Business Park, Real Estate News, Southbank, victoria

Communications company NSC Group is the latest tenant to move closer to the CBD, leaving an office building at 23-27 Wellington Street, St Kilda, to lease a 500 sq m unit at the Hallmarc Business Park in Southbank.

Tea House Building, Southbank, Sells. Boutique Hotel Proposed.

September 22, 2008 Marc Pallisco Real Estate News, Sells. Boutique Hotel Proposed., Southbank, Tea House Building, victoria

A consortium of five cashed-up, China-based investors are believed to have made their first foray into Australia’s property market, beating local and international developers for a prime city-fringe development site sold by the State Government.

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