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 PLANS are afoot to develop another major skyscraper on a Southbank site abutting the West Gate Freeway. The affected site at 61-71 Haig Street, with rear access to Blakeney Place, is on the city side of the major freeway, near Crown Casino, the Melbourne Exhibition Centre and Clarendon Street shops. Now being offered for sale, and with price expectations of about $14 million, the 1857 square metre site is not being offered with a permit. However the area is permitted for buildings of about 100 metres, meaning the commercial sites could make way for a residential tower of about 30 levels. [...]
 SPORTS brand Adidas will relocate from one Mulgrave office to another, after signing a 3600 square metre lease deal at the Nexus business park on Dunlop Road. Adidas will relocate from a Springvale Road office it has occupied for about 15 years. The group is reportedly paying a rent of $275 per square metre, per annum, though it is not known if this is gross or face. The AFR reports average office rents in the area are between $270 to $280 per square metre, per annum. [...]
ANOTHER property in Lisson Grove, one of Hawthorn’s most revered tree-lined streets, may be replaced with a medium density, luxury apartment village. At #20, Vasey RSL Care has listed for sale a 3560 square metre hostel that is being marketed as a development site, and is expected to sell for about $7 million. The property includes a historic building up front, and a 1960s rear extension with a communal kitchen, dining [...]
 THE Little Bourke Street building that houses popular Chinatown restaurant Shark Fin House is for sale and expected to sell for about $6.8 million. At 131 – 135 Little Bourke Street, the four-level building includes approximately 930 square metres of net lettable area, and sits on a 288 square metre block between Russell and Exhibition streets. Built in 1987, the building returns annual rent of almost $400,000, and is leased until 2018 with a ten year option. [...]
 PICKLES Auctions has signed a short-term lease for 60,000 square metres of industrial space, until recently occupied by one of its rivals, Fowles. In the western suburb of Braybrook, the property at 594 – 598 Geelong Road was required to cope with an influx of some 10,000 vehicles which recently found their way onto the company’s books following the hail storms of Christmas Day. [...]
IN THE east Melbourne suburb of Doncaster, a Manningham City Council has suggested long-time dweller Westfield financially contribute to an infrastructure project designed to cope with the traffic it will permit for development along the eastern corridor. Cr Stephen Mayne this week said the Sydney based property company would be the biggest beneficiary of a train line to Doncaster Shoppingtown – currently Westfield’s third best centre measured by sales, after Bondi Junction in Sydney and Chermside in Brisbane. The Eastern Golf Course nearby has also been sold to a developer (Mirvac) and is expected to be replaced with a $1 billion residential-based village with apartment, office and hotel towers, and streets built around fairways, once an orchard. [...]
 CENTRAL Melbourne is set to expand under a new proposal by the Baillieu liberal government. Dubbed the “Grand CBD” proposal, planning minister Matthew Guy introduced the policy last week. It aims to transform the city into a “Manhattan-style metropolis” five times its present size. Melbourne’s tallest buildings will be permitted to rise from what are currently factories around Fishermans Bend, a pocket of Port Melbourne, south-east of the CBD, or in an area defined as E-gate, north of Docklands and between the Southern Cross and North Melbourne train station (which is actually in West Melbourne). Using a new Capital City Zone, height restrictions will be abolished. [...]
 A YARRA Glen farm on [...]
 A HISTORIC CBD property, purchased by barristers almost 30 years ago, and occupied as legal industry offices since, is expected to fetch about $5 million at auction next month. Seabrook Chambers, at 573– 577 Lonsdale Street (pictured, right), was for years a warehouse facility, and later, between 1968 and 1979, home to Seabrook Wines. Built in 1854, the double-storey bluestone building includes about 979 square metres of lettable office space and sits on an approximate 411 square metre block. It is being sold with vacant possession. [...]
 A SOUTH Yarra development site within the Forrest Hill precinct that is quickly becoming a high-rise apartment compound, has sold for $5.5 million to a consortium of off-shore and local investors. The 10 Claremont Street residential development (artist impression, right) is one of the areas densest proposals – permitted to rise 17 levels and include 104 flats of which 89 are configured with one bedroom. When apartments first hit the market for sale last year, one bedroom flats were priced from $350,000. [...]
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