CHARTER Hall is set to start building a $75 million housing estate on part of Nylex’s former industrial products manufacturing and distribution complex in Mentone, a site which it has snapped up in stages over the past four years. In a trend that is seeing interstate builders increasingly look to Melbourne’s outer suburbs for opportunity, the Sydney-based developer plans to build 119 townhouses on the 3.3 hectare site at the south-west corner of Warrigal Road and Oak Avenue. Construction of the project, to be known as Aquilo, is set to start within weeks. Marketing of the first townhouses, priced from just under half a million each, commences today. [...]
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MELBOURNE-based developer Buxton Group has been revealed as the buyer of a prominent St Kilda development site near the Acland Street shopping strip. The group is believed to be paying about $7.5 million for a 1000 square metre site at the corner of Barkly and Belford streets previously occupied by the Vasiliki lobster shop and Earls Hardware. The site was sold with a permit for a $50 million, five-level tower with about 84 units but it’s believed Buxton may propose a higher density redevelopment, a practice which is becoming increasingly common all around Melbourne. [...] BOUTIQUE builder R.Corporation has purchased its first major development site since the 2008 economic downturn, and is said to be planning a $150 million-plus mixed use village which would be amongst the biggest projects in the developer’s portfolio. The South Yarra based developer, headed by Andrew Rettig, is understood to be paying about $20 million, sources estimate, for a vacant four hectare site at 98 – 116 Cavanagh Street in Cheltenham, 20 kilometres south east of town. R.Corporation is reputedly planning to replace the site with a mix of shops, offices and apartments. [...] BOUTIQUE builder R.Corporation has purchased its first major development site since the 2008 economic downturn, and is said to be planning a $150 million-plus mixed use village which would be amongst the biggest projects in the developer’s portfolio. The South Yarra based developer, headed by Andrew Rettig, is understood to be paying about $20 million, sources estimate, for a vacant four hectare site at 98 – 116 Cavanagh Street in Cheltenham, 20 kilometres south east of town. R.Corporation is reputedly planning to replace the site with a mix of shops, offices and apartments. [...] Melbourne is a city that is over crowded with people from all over the world coming into the popular and famous city. Since Melbourne is considered to be one of the best cities to live in across the world, there are [...] %content% See the original [...] |
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