THE Yarra City Council has approved the $400 million redevelopment of Channel Nine’s long-time Bendigo Street studios, in Melbourne’s inner east. [...]
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 THE Ascot Vale home where underworld figure Desmond “Tuppence” Moran was nearly killed sold at auction this weekend for $1.105 million. The Langs Road home, opposite the northern boundary of the Flemington Racecourse and near the Flemington suburb border, is on a super-sized 1020 square metre block, and includes a historic large home with postcard Melbourne CBD skyline views. It is not known whether the new owner will restore the salmon pink home, or replace it with a newer home. [...]  ST KILDA West’s prominent “Pamela Anderson House” (pictured, right) has been relisted for private sale at $1.62 million after failing to sell after an Expression of Interest campaign that closed in mid-November. Built by former football identity Sam Newman in 2000, the distinctive property in Canterbury Road and at the suburb border of Middle Park includes a faint close-up image of the Baywatch star, within its three-level glass façade. [...]  Sydney-based developer EG Funds Management has lodged plans to replace a rundown Kensington wool store (pictured, right) with a major residential village. The 110-year old historic building, next door to flour processing plant Allied Mills, whose factory is prominent to commuters taking the Bolte Bridge, is expected to be retained in any redevelopment. EG is seeking to build at least one tower, rising up to 12 levels, on its site, according to The Age which reported the development application that has been rejected by council. [...]  THE biggest shopping centre in the southern hemisphere is about to undergo its highest profile redevelopment, some 51 years after it opened (pictured, right). The owners of the complex now known as Chadstone – The Fashion Capital, are negotiating with the Stonnington City Council to build two glass skyscrapers, each of about 12 levels, at the easternmost edge of the complex near Dandenong Road. If approved, one tower will accommodate a hotel, and the other, an office. [...]  THE biggest shopping centre in the southern hemisphere is about to undergo its highest profile redevelopment, some 51 years after it opened. The owners of the complex now known as Chadstone – The Fashion Capital, are negotiating with the Stonnington City Council to build two glass skyscrapers, each of about 12 levels, at the easternmost edge of the complex near Dandenong Road. If approved, one tower will accommodate a hotel, and the other, an office. [...]  SYDNEY based developer has opened its Stockland Highlands Shopping Centre in the outer northern Melbourne suburb of Craigieburn. A copy of Stockland’s announcement re: the opening is below: November 23: Craigieburn residents will benefit from a convenient new neighbourhood shopping experience, following the opening of the Stockland Highlands Shopping Centre on Thursday 17 November 2011. [...]  AFTER recently moving some of its staff to new offices in inner-city Abbotsford, pharmaceutical and healthcare giant GlaxoSmithKline (GSK) is selling a chunk of the prominent Boronia site that has for years been its national headquarters (pictured, right). The largely vacant 7.32 hectare parcel with a street address of Lot A, 1061 Mountain Highway, is expected to interest developers which may subdivide and on-sell the land, or propose a business park, exploiting the sites frontage to Colchester Road and Kalman Drive. [...]  AFTER retaining it for five years, the Australian Unity Investments’ Healthcare Property Trust has sold an inner-city medical complex in a prime residential area to a syndicate of private investors. The Victoria House Medical Centre and Victoria Clinic complexes at 314 – 324 Malvern Road in Prahran (pictured, right) sold for $18.7 million, reflecting a yield of 8.3 per cent based on the asset’s annual rental income of $1.55 million. Australian Unity paid $17.53 million for the Residential 1 zoned asset in 2006, on a yield of 7.8 per cent. [...]  PLANS for a $150 million-plus apartment-based village with towers rising up to eight levels are one step closer, in St Albans, about 18 west of Melbourne. Following the newly released St Albans Centre Structure Plan 2025, the Brimbank City Council is set to rezone what agents call the lPLANS for a $150 million-plus apartment-based village with towers rising up to eight levels are one step closer, in St Albans, about 18 west of Melbourne. Following the newly released St Albans Centre Structure Plan 2025, the Brimbank City Council is set to rezone what agents call the largest single land holding in the suburb, a move which will pave the way for a residential-based rebuild. The site, a 6.8 hectare factory with an address of 3 McKechnie Street is currently a collection of seven separate offices, warehouses and factories offering 8427 square metres of building area. A rezoning from Industrial 3 to Residential and Mixed Use allows high density apartment towers to be developed along McKechnie Street, near a Victoria University campus. Near the St Albans train station, the site is also close to the Cairnlea suburb border. Cairnlea and neighbouring Deer Park have rampantly been redeveloped as housing estates over the past 20 years. The industrial site has now been listed for sale by its owner-occupier, Krueger Transport Equipment. Colliers International selling agent Shane Dargue, who is marketing the property with Glyn Bosisto of Raine and Horne, said the site is being offered with vacant possession, or with a leaseback up to two years. A council rezoning is expected to take between 12 and 24 months. Krueger is expected to reap about $15 million from the St Albans site sale. [...] |
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