BAYSIDE developer Gillon Group has quietly acquired a supersite at one of the south-eastern suburb’s busiest corners. Gillon has negotiated with residential home owners, commercial property owners, VicRoads and the council to amalgamate some seven Brighton East lots into a 7500 square metre development site. At the north-west corner of Nepean Highway and South Road, the site incorporates Barr Street, and former public land. It plans to rebuild the site – opposite the Kingston City Hall and Moorabbin train station – into a $100 million-plus mixed-use village with around 200 apartments in what could be a seven level tower. Gillon has not disclosed the price it paid to buy and amalgamate the sites. Local agent sources however value the land at about $2000 per square metre, meaning Gillon’s block could fetch about $15 million if onsold. [...]
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MUSICAL director, pianist, composer – and inadvertent television personality – John Foreman is selling a waterfront St Kilda West penthouse. The three-bedroom apartment, with basement underground parking for two cars, will be auctioned at 12:30pm next Saturday where it’s expected to fetch between $930,000 and $1.02 million. With a study nook and three balconies, the penthouse at 358 Beaconsfield Parade captures water views from the open plan living/dining room, and one of the bedrooms. [...] Total Properties: 267
Sold: 164 Withdrawn:4 Cleared: 61% Total Sales: $137,896,000 Median: $712,500 Suburb Abbotsford Abbotsford Abbotsford Albion Altona Meadows Altona North Altona North Altona North Armadale Armadale Ascot Vale Ascot Vale WOMENS activewear retailer Lorna Jane has chosen a former city boutique to establish its hundredth store. Established in 1989 by businesswoman Lorna Jane Clarkson, the retailer is embarking on an aggressive growth strategy, saying it wants to open another 25 stores nationally this year. The 111 square metre shop at 267 Little Collins Street (pictured, right) was recently vacated by Pierucci. [...] YET another house of worship is deferring to the medium density redevelopment trend. This time, in West Footscray, a former Uniting Church on the corner of Ormond and Glamis roads will be pulled down and replaced with 12 double-storey townhouses, in a development called Trugo. Two bedroom townhouses start from $499,000. Prices rise for three bedroom units, available from $570,000, and the biggest four bedroom homes, which start at $670,000. JG King Projects is redeveloping the church. Building manager Ryan L’Huillier says Trugo will set a new benchmark for townhouse living in Melbourne’s west. [...]  MELBOURNE’s top-end may be deflating faster than some agents would have you believe. In St Kilda West, a historic waterfront four-level mansion with six bedrooms on Beaconsfield Parade has just been discounted to $4.95 million after failing to sell last June for $7 million. Around the corner in tree-lined Mary Street, Channel Nine managing director Jeff Browne is asking $3.975 million for his outgoing terrace after it failed to sell at auction in February, with price expectations of up to $4.4 million. At another Mary Street, in Hawthorn, a modern family home was discounted this week to $4.65 million after being advertised for most of the year at $4.95 million. [...] ENERGY broker energywatch.com.au has leased about 2000 square metres of refurbished office space in the historic Melbourne Steamship Company building at 27 – 31 King Street. Energywatch will consolidate from four separate Melbourne offices, having signed a lease at King Street for four years, with a four year option. The company recently said it wanted to grow its employee base from 200, to 500, as part of an expansion into other IT businesses. It will pay a starting annual rent of about $500,000. [...] HISTORIC Balwyn estate Canonbury has hit the market again. Built in the 1860s for leading land and commission broker Edward Lamont, Canonbury at 9 Barnsbury Road has since been owned by businessman John Elliott and former AFL commissioner, the late Ron Evans. The five bedroom, five bathroom renovated Victorian mansion sits amid a Baron von Mueller designed garden, with a 141-year old Spanish cork oak tree. [...] SYDNEY-based fund manager Dexus Property Group has lodged plans to build a 15-level, 25,000 square metre office building on a forecourt behind its prominent 360 Collins Street office tower in the Melbourne CBD – near the popular Zuffa cafe (pictured). The proposed new development would be bound by Little Collins Street, Briscoe Lane, and Collins Way, and its office occupants would stare down the McKillop Street restaurant and retail strip. It could go some way to putting Little Collins Street “on the map” as a major corporate boulevard like part-namesake Collins Street. [...] STAWELL Chambers, the free-standing, historic office that was for years occupied by solicitor Isaac Brott, has sold. The building at 493 – 495 Little Bourke Street, opposite the southern boundary of the Supreme Court in Melbourne’s legal precinct is speculated to have traded for about $4 million. Days after an auction last Friday, a “sold” sticker appeared on a board outside the 121-year old, four-level 650 square metre office (pictured, right). But Savills directors Nick Peden and Clinton Baxter declined to comment on any part of a deal when contacted by The Age. [...] |
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