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 ACTORS Reg Gorman and Judith Roberts are selling a renovated apartment in St Kilda East’s historic Ardoch development. Built in 1922, Ardoch is reportedly one place Dame Nellie Melba stayed when in town, and where Russian spy Mrs Petrov was hidden. At 8 Ardoch Avenue (pictured,right), the two bedroom apartment will be auctioned at 11:30am this Saturday and is expected to sell for about $700,000. Marshall White Armadale’s John Manton is the marketing agent. [...] SOUTHBANK’s next prominent apartment skyscraper will rise from 58 Clarke Street, after local developer Vicland purchased the site in an off market deal. The 540 square metre block on the south-west corner of Hancock Street sold with a permit for a 33-level, 147-unit skyscraper, which upon completion will appear to abut the Kings Way offramp of the West Gate Freeway. Apartments within this complex will capture the million-dollar CBD views currently afforded to commuters passing Southbank via that freeway, near Clarendon Street. [...] 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. [...] MELBOURNE based developer Grocon has unveiled plans for a carbon neutral apartment complex built entirely from timber. The complex, Delta (pictured, right) will be developed on the former Carlton United Brewery site, on the Carlton-CBD suburb border. Delta will include 50 flats, and be one storey taller than a similar tall timber structure, the Stadthaus in Hackney, East London, which currently holds the title as the tallest building of its type in the world. Copied below is a Grocon statement about Delta: [...] AND so all eyes turn to 50 Albert Road, in South Melbourne, after the decision this week by new planning minister Matthew Guy to reject a 29-level, 88-metre proposal across the road at #35, based on height. Hamton Property Group is planning to build a 28-level, 89-metre tower on its site at 42 – 50 Albert Road, having marketed the project, Fifty Albert, since the middle of last year. Both the Asia-based owner of 35 Albert Road, and Hamton, paid about $15.5 million for their respective South Melbourne sites last April. Hamton’s site was purchased with a permit for a 220-dwelling apartment complex. However it shrunk the size of the units so that 294 flats could fit within the approved building’s shell. The Victorian Civil and Administrative Tribunal approved that major amendment last August. By comparison the owner of 35 Albert Road proposed 420 apartments within an 88 metre tower. Another tower of similar height is proposed at 60 Albert Road, too. [...] A DEVELOPER has paid $5.95 million for a 2.7 hectare site abutting a residential area in Maidstone, some eight kilometres west of the CBD. The former factory at 84 – 88 Mitchell Street is near the Maribyrnong suburb border, and within walking distance to the massive Highpoint Shopping Centre and Homemaker Centre. Longer term, it’s expected the Maidstone site will be converted from a factory into an apartment or townhouse based residential village with an end value of more than $50 million. Century 21 Wilson Pride Prahran’s David Loweinstein was the marketing agent. [...] HIGH rise apartment developer Mario Salvo has decided to sell a CBD office investment he purchased at a low point in the commercial property market last year. Mr Salvo can expect around $17.5 million, sources say, for the 38-year old, 11-level, 4781 square metre office at 128 Exhibition Street. He paid AMP Henderson Global Investors $15 million for the asset last October. The building is opposite what was the Southern Cross Hotel, which has been recently been redeveloped into a high rise compound with a new retail laneway and offices off both Exhibition and Bourke streets. [...] HIGH rise apartment developer Mario Salvo has decided to sell a CBD office investment he purchased at a low point in the commercial property market last year. Mr Salvo can expect around $17.5 million, sources say, for the 38-year old, 11-level, 4781 square metre office at 128 Exhibition Street. He paid AMP Henderson Global Investors $15 million for the asset last October. The building is opposite what was the Southern Cross Hotel, which has been recently been redeveloped into a high rise compound with a new retail laneway and offices off both Exhibition and Bourke streets. [...] FASHIONISTA Alannah Hill has stitched up $1.68 million from the sale of a three-level St Kilda apartment she bought in 2004 as an impulse buy. The apartment is built into the walls of an 1888 mansion in trendy Fitzroy Street – a property previously a home to squatters, a brothel, and later a French Consulate. With a double garage, three bedrooms, wine cellar and a rooftop garden with city views, the apartment was decorated in Ms Hill’s unique style. [...] ASCOT Vale’s Laurel Hotel sold at auction on Thursday for $3.32 million. The prominent Mount Alexander Road pub sits on a massive 1167 square metre site and was sold with a five year lease, with two options, each of six years. Sources say an opportunist owner could develop a high density apartment project above the existing structure while still allowing the drinking hole to operate and fulfil its lease below. [...] |
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