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March 2011
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Rove McManus Richmond Mansion Sells For $3.4 Million

ENTERTAINER Rove McManus has sold his Richmond home for $3.4 million – returning a nifty profit on the $1.9 million he paid in 2003. McManus, who recently moved to the US and paid $1.2 million for a house in Hollywood, listed the 144-year old Docker Street home for sale earlier this year. It was advertised to sell for about $3.5 million, and was deemed “on the market” when bidding hit $3.31 million. [...]

Prominent Brighton Pub to be Redeveloped as Flats

PLANS to redevelop Brighton’s historic Khyats Hotel into an apartment village are proceeding. The pub, at 21 – 25 Wilson Street, raised eyebrows in late 2009, after the Victorian Civil and Administrative Tribunal made the highly unusual decision not to raze the historic building, as part of a residential redevelopment. The Bayside council and former planning minister Justin Madden previously refused to put a heritage overlay over the hotel, which is opposite the Brighton Town Hall and Clocktower Theatre. [...]

Gillard-Rudd Laws Lock Australians Out of Residential Market

IT’s every first-home-buyers worst nightmare coming true – and the trend may just be starting. Because of hugely controversial foreign ownership laws introduced by the Rudd-Gillard government three years ago – agents say local investors have not been offered to purchase apartments within a major residential skyscraper under construction at the tip of the city, near Flagstaff Gardens. The 206 A’Beckett Street tower, on part of the former City Mazda site near the Queen Victoria Market car park, is being developed by Malaysia-based investors which paid Drapac $5.3 million for the 1194 square metre block in October 2008. [...]

Brad Green to Sell Brighton East Pad

NEWLY appointed Melbourne Football Club captain Brad Green is torpedoing out of Brighton East. The 30-year old athlete, who as a teenager was scouted by the Manchester United soccer team, made his debut with the Demons in 2000. His outgoing home, in Lansdown Street, sits on a 221 square metre block near Landcox Park and the Bay Street and Gardenvale Road retail strips. The home, one of two units on the block, includes three bedrooms, the master with ensuite and storage. It also includes two courtyards, a lock up garage, driveway and separate laundry. [...]

VCAT Cans Plans to Make Melbourne’s Tallest Suburban Tower Even Taller

WITHOUT the previous government’s contentious Melbourne 2030 planning document to refer to, VCAT has canned an ambitious proposal by the owners of South Yarra’s Fun Factory site to make the suburb’s tallest proposed skyscraper, even taller. The rejection means the main residential tower at the $150 million Capitol, South Yarra project (pictured, right) will rise “just” 38 levels and 133 metres. This would still make it the tallest residential building outside of the central inner-city, loosely defined to include Southbank, Docklands and, now that it will have its own skyscraper compound, Carlton. The Royal Domain Tower, at the Domain junction, rises 152 metres. VCAT approved a 38-level redevelopment of the Fun Factory in 2009. That approval will see a historic building at the north-west corner of Toorak Road and Chapel Street demolished and replaced with a mixed use project including 7500 square metres of offices, 4400 square metres of retail space, 496 car parks, 120 bike spaces and 204 flats, in the proposed major skyscraper. [...]

Lorne Country Club Redevelopment to be Known as Osprey

AFTER almost eight years of negotiation with various government bodies and the Lorne Golf Course, the development of a major multi-million golf resort is set to begin. The Lorne Country Club redevelopment – now to be known as Osprey – should start construction this year and be completed by early 2013. The ambitious redevelopment will see the existing nine-hole golf course expanded to an 18 hole course, designed by Thomson Perrett. The course will include a 1760 square meter clubroom. [...]

Concil Rejects 36-Level Russell Street Proposal, But Nearby 55 Level Tower Will Proceed

IT’S back to the drawing board for the owners of Russell Street’s Rido House office, after the Melbourne City Council refused its application to replace it with a 36-level tower. The council blamed height, setback, wind impacts, general amenity to adjacent buildings and an excessive site plot ratio as reasons for rejecting the proposal. However – and as is increasingly the case in Melbourne planning – the developer has appealed, and the matter is currently being heard by the Victorian Civil and Administrative Tribunal. If approved, the 42-year old office on a compact 381 square metre block at 276 – 284 Russell Street will be replaced with a 117-metre tower with 154 flats or hotel suites, but no car parks. [...]

Concil Rejects 36-Level Russell Street Proposal, But Nearby 55 Level Tower Will Proceed

IT’S back to the drawing board for the owners of Russell Street’s Rido House office, after the Melbourne City Council refused its application to replace it with a 36-level tower. The council blamed height, setback, wind impacts, general amenity to adjacent buildings and an excessive site plot ratio as reasons for rejecting the proposal. However – and as is increasingly the case in Melbourne planning – the developer has appealed, and the matter is currently being heard by the Victorian Civil and Administrative Tribunal. If approved, the 42-year old office on a compact 381 square metre block at 276 – 284 Russell Street will be replaced with a 117-metre tower with 154 flats or hotel suites, but no car parks. [...]

Concil Rejects 36-Level Russell Street Proposal, But Nearby 55 Level Tower Will Proceed

IT’S back to the drawing board for the owners of Russell Street’s Rido House office, after the Melbourne City Council refused its application to replace it with a 36-level tower. The council blamed height, setback, wind impacts, general amenity to adjacent buildings and an excessive site plot ratio as reasons for rejecting the proposal. However – and as is increasingly the case in Melbourne planning – the developer has appealed, and the matter is currently being heard by the Victorian Civil and Administrative Tribunal. If approved, the 42-year old office on a compact 381 square metre block at 276 – 284 Russell Street will be replaced with a 117-metre tower with 154 flats or hotel suites, but no car parks. [...]

Mark Viduka to Sell Williamstown Property, Melbourne

SOCCER legend Mark Viduka is selling an investment property near the Williamstown waterfront. The 35-year old recently retired athlete – also known as Big Dukes and V-Bomber – can expect between $1.5 – $1.6 million for 79 Nelson Place, a tri-level, four bedroom townhouse (pictured, right), which is being auctioned next month. Viduka, who is married and has three sons, recently retired from the sport, though there is growing speculation of a career return with the media or as a coach. In February, he was awarded the prestigious Alex Tobin medal by the Australian players’ union, the PFA. Amongst his other achievements, was captaining national football team the Socceroos, and Australia, at the 2006 World Cup in Germany. [...]