Time & Place quietly buys inner-city Melbourne site
Time & Place has bought two modern, low rise offices from separate owners, with plans to replace the amalgamated site with 300 apartments.
The 1928 square metre block, 60-74 Park Street, South Melbourne, cost $19.97 million in deals settling February.
The largest site, spanning 1415 sqm (70-74 Park St), set it back $13.07m from a buyer which held 16 years.
It is also exposed to Little Bank St to two sides.
The other office, 60-66 Park St, also fronting Little Bank St to the north, was held 22 years (continues below).
Time & Place, led by Tim Price and Chris O’Keefe, recently applied to build a 22 level tower also with 100 sqm of retail and 100 sqm of co-work space.
Elsewhere in the suburb the developer is completing the 62 level Queensbridge, with 353 own your own apartments and a hotel.
Subscribe to our newsletter at the bottom of this page.
