Tim Gurner shelves office projects, lists sites
Gurner has shelved plans for two small offices in Melbourne’s inner south-east Prahran – instead listing the respective sites for sale.
Near Hawksburn Village, the properties – 7-9 Robinson Street, spreading 337 sqm and permitted for a four level project, and 13-15 Robinson, covering 243 sqm, and earmarked for a five storey structure, are expected to sell for over $5 million total, according to sources.
Being zoned Commercial 1, any incoming owner could consider replacing the approved shells with a residential project.
Also accommodating four functional single storey dwellings, the properties could be retained as an investment, according to selling agents, JLL’s Nick Peden and Tim Carr with Whitefox’s Marty Fox and Michael Torcasio.
Change of plan
Gurner director Tim Gurner intended to co-develop the Robinson St properties with business partner Ross Venuto; the blocks back onto a William St, apartment project, the builder co-created with members of the Smorgon family.
The listing comes 16 months since the company abandoned plans to build a boutique hotel, Club Maison, on a St Kilda site which was also divested (story continues below).
Gurner has moved onto much bigger projects, however, including Build to Rent developments, in partnership with Qualitas.
Last month Mr Gurner acquired Sydney CBD’s ADC House for an asset of this type.
Another is earmarked in that city, at Parramatta, to rise 61 floors.
As well, Gurner retains an interest in a High St, Prahran, ex-Gothic Revival church and Sunday School, earmarked in 2021 for an eight level mixed use project.
The Robinson St listings comes four weeks since Sterling Global put up for sale adjoining Chapel St shops in neighbouring South Yarra – after abandon plans to replace the 672 sqm amalgamation with its maiden commercial project, rising five levels.
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