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ANOTHER suburban post office is being redeveloped into flats. This time, in Melbourne’s east, the former Ashburton Post Office at 218 High Street will be replaced with a four-level apartment building. One bedroom units start at $349,950 – or about the same price as a house on land in the suburb in the late 1990s. Castran Gilbert selling agents Michael Lang and David Howard say the apartments include reverse cycle heating and cooling, and full security basement car accommodation with direct lift access. [...]
SYDNEY-based developer Mirvac will launch its sixth Docklands skyscraper, Yarra Point, in October. Mirvac will adopt a design strategy used at its Tower 5 complex nearby, and the Melburnian, in St Kilda Road, by targeting top-end buyers with a high quality product. This is reflected in the sale price, where one-bedroom flats are expected to be priced from $500,000. The distinctive $200 million tower, 31-level tower will include 201 apartments in one, two and three bedroom configurations. Yarra Point will include a rooftop garden, communal barbecue facilities and a gym atop a fifth level podium. [...]
SYDNEY-based developer Mirvac will launch its sixth Docklands skyscraper, Yarra Point, in October. Mirvac will adopt a design strategy used at its Tower 5 complex nearby, and the Melburnian, in St Kilda Road, by targeting top-end buyers with a high quality product. This is reflected in the sale price, where one-bedroom flats are expected to be priced from $500,000. The distinctive $200 million tower, 31-level tower will include 201 apartments in one, two and three bedroom configurations. Yarra Point will include a rooftop garden, communal barbecue facilities and a gym atop a fifth level podium. At its entrance, Mirvac’s new tower will include a double-storey lobby with mature trees, a garden of succulent plantings and bluestone pavings that extends into the building from the adjacent, one-hectare Point Park. [...]
Hospitality Sector is among one of the fastest growing sector nowadays. The credit goes to increasing travel, tourism, and globalization of business and commerce. Apart from the regular tourists, a majority of travelers are business executives travelling abroad to onsite assignments. They need proper accommodation facilities with excellent comfort and luxuries.
Serviced Apartments rental is a new [...]
THE Monash City Council didn’t want it – but Planning Minister Justin Madden did – and now one of the south-eastern suburb’s biggest public-private housing developments is set to start construction soon, in Clayton. After more than ten years of debate, a $270 million apartment-based complex will replace a low-rise shopping centre at the busy north-east corner of Dandenong and Blackburn roads. Approximately 400 apartments will be developed as part of The Nova Centre redevelopment – many to accommodate public housing residents, and students. A hotel and shopping centre will also be built on the site. [...]
SKYSCRAPER developer Central Equity has abandoned plans to redevelop the former Kingsway Motel, in South Melbourne, and has instead listed the site for sale. The former ASX-listed developer can expect to make about $15 million for the 2092 square metre property, which includes two terrace houses, and the prominent, white, six level, 41 room motel at the north-east corner of Park Street and Eastern Road. Central Equity paid $6.25 million for the property just over three years ago, before obtaining a permit to more than double the number of apartments on the site, opposite the Latrobe Reserve. [...]
A CHINA-based developer is believed to be paying more than $100 million for what is the biggest development site put to the Melbourne market in recent years. The offshore group is expected to be announced within weeks as the buyer of Doncaster’s massive 47 hectare Eastern Golf Course, about 15 kilometres east of town. The 86-year old course is expected to be redeveloped into a $1 billion village of shops, offices, and apartments, after the club relocates to an as-yet-unbuilt development in about 2013. [...]
AND so the curtain closes on another Melbourne theatre. The site of the former Longford cinema complex in South Yarra is set to be redeveloped into a major five-level, 36 unit apartment complex with ground floor shops. One bedroom apartments in the high-end redevelopment start at $515,000 and include a car park, and storage room. [...]
BOUTIQUE builder R.Corporation has purchased its first major development site since the 2008 economic downturn, and is said to be planning a $150 million-plus mixed use village which would be amongst the biggest projects in the developer’s portfolio. The South Yarra based developer, headed by Andrew Rettig, is understood to be paying about $20 million, sources estimate, for a vacant four hectare site at 98 – 116 Cavanagh Street in Cheltenham, 20 kilometres south east of town. R.Corporation is reputedly planning to replace the site with a mix of shops, offices and apartments. [...]
BOUTIQUE builder R.Corporation has purchased its first major development site since the 2008 economic downturn, and is said to be planning a $150 million-plus mixed use village which would be amongst the biggest projects in the developer’s portfolio. The South Yarra based developer, headed by Andrew Rettig, is understood to be paying about $20 million, sources estimate, for a vacant four hectare site at 98 – 116 Cavanagh Street in Cheltenham, 20 kilometres south east of town. R.Corporation is reputedly planning to replace the site with a mix of shops, offices and apartments. [...]
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