Zig Inge Outmuscles Developers For Prime South Yarra Office

199 Toorak RoadFUND manager and developer Zig Inge Group is believed to have paid close to $18 million for a rundown but spectacularly located office investment at 199 Toorak Road in South Yarra.

The blue, glass, four-level building with ground floor shops is at the north-east corner of Claremont Street and will be renovated, and slotted into Zig Inge Group’s Core Plus Portfolio.

Zig Inge, which built its business developing retirement villages, outmuscled several high-rise residential developers for the 199 Toorak Road site, which measures 1689 square metres.

An adjoining site at 2 – 4 Claremont Street, measuring 908 metres was listed for sale with 199 Toorak Road, but after failing to attract interest as a whole – was sold separately after auction for a speculated $6.5 million.

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South Yarra’s Best Located Eyesore to be Replaced with $100 Million Tower

Proposed new towerOutgoing 227 Toorak Road, South Yarra siteSOUTH 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.

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Dr Turf’s Watergrill Restaurant, 300 Toorak Road South Yarra, to be Developed Into Apartment Tower

FORMER 3AW radio commentator John Rothfield, otherwise known as Dr Turf, will develop a major apartment building on the prominent Watergrill restaurant site in South Yarra.
The sports enthusiast, bookie and author has appointed boutique architect firm Rothelowman to dream a new future for the 1,629 square metre site, which has a 41 metre frontage to Toorak Road, and is on the south-eastern corner of Cunningham Street.
The proposed development is expected to rise no higher than ten levels, and could include more than 100 apartments as well as offices, and ground floor retail, capitalising on the site’s high profile position opposite the Como Centre, and near the busy corner of Chapel Street. 

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