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 UNHAPPY with a permit for a landmark 26-storey tower – handed out in 2002 by then-planning minister Mary Delahunty – the new owners of a historic 1930s theatre near the Queen Victoria Market have applied with the new planning minister, Matthew Guy, to build something taller and denser. Delahunty, whose recent autobiography confirmed developers wield influence over the ALP government in covert ways, controversially approved a plan nine years ago which would have seen the art-deco building at 420 Spencer Street, at the south-east corner of Dudley Street, in West Melbourne, demolished and replaced with an 83-metre Fender Katsalidis skyscraper. [...]
RIVERSIDE Kew and Hawthorn residents share a phenomenon with Williamstown and Footscray residents – whereby eyesore factories on prime waterfront sites are tolerated because “they are better than flats”. While remediation may prevent redevelopment of some western suburb industrial sites, however, plans are advanced to build new residential villages on former commercial blocks along the Yarra River, and particularly in Abbotsford. Macquarie Capital is the latest developer to capitalise on the imminent riverside building boom, offering for sale a 5264 square metre block at 16 Flockhart Street with a permit for a 310 unit skyscraper village within a 12-storey complex (pictured, right). [...]
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. [...]
IT’s every first-home-buyers worst nightmare coming true – and the trend may just be starting. Because of hugely controversial foreign ownership laws introduced by the Rudd-Gillard government three years ago – agents say local investors have not been offered to purchase apartments within a major residential skyscraper under construction at the tip of the city, near Flagstaff Gardens. The 206 A’Beckett Street tower, on part of the former City Mazda site near the Queen Victoria Market car park, is being developed by Malaysia-based investors which paid Drapac $5.3 million for the 1194 square metre block in October 2008. [...]
DOCKLANDS next major skyscraper should start appearing on city skylines later this year. Sydney-based developer Mirvac has just started construction of its latest waterfront apartment tower, Yarra Point, on the corner of Lorimer Street and Point Piper Crescent. Upon completion in 2013, the $200 million tower will soar 31-levels and include 201 flats. When the project was launched last October, entry level apartments started at a staggering $500,000. Four bedroom “sky residences” have fetched $2.5 million. [...]
SEVEN months after paying the Church of Scientology $8.5 million for its long-time, outgoing, Melbourne CBD headquarters, Melbourne developer David Marriner has proposed a glass, 25-level hotel. The proposed development will retain the historic building (right) at the corner of Exhibition and Little Collins street. The building will be reconfigured as retail and strata office space. Atop the historic building, separate by stilts (not unlike a proposed building above the former Le Louvre boutique nearby), a large scale skyscraper will be developed. [...]
THE Melbourne CBD skyline will have a Eureka of the north, if a proposed 90-storey skyscraper is granted approval, on part of the former Carlton and United Brewery site, in Carlton, and on the cusp of the city grid. The building will include 800 apartments and soar 280 metres, making it slightly shorter than the landmark Eureka tower, in Southbank – which rises 89 levels and has 550 apartments. Dubbed by developer Grocon as the DCM building, in honour of architect firm Denton Corker Marshall, the land had originally been earmarked to become an office building, before the economic downturn. Grocon owns a majority of the undeveloped site, hidden behind bluestone walls. It bought the 1.6 hectare site from RMIT for $39 million in 2006. RMIT retained a small portion of the block. [...]
THE Paris end of the Melbourne CBD is set to see the construction of a new apartment skyscraper. The former Naval & Military Club at 27 Little Collins Street will be demolished and replaced with a 32-level tower, targeting two types of high-end buyers. Levels 15 to 25 of the new building will include 142 apartments priced from $385,000 for a one-bedroom, and $580,000 for two-bedroom apartments. Larger, luxury apartments will be developed between levels 26 and 30, where one bedroom flats start at $590,000 and two-bedroom apartments, from $1.087 million. A penthouse occupies the highest floors, while the lowest 14-levels will trade as a hotel, flanked by ground floor shops. [...]
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