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 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. [...]  ONE of last year’s biggest development site sales has fallen through forcing the asset to be relisted for sale this week. The South Yarra property at 661 – 669 Chapel Street is one of the last undeveloped sites within a former industrial precinct known as Forrest Hill that is being rebuilt by various builders as a new village with residential and office skyscrapers. Occupied and still owned by photographic distributor CR Kennedy, the 3537 square metre site was reported to have sold for $25 million last December to design practice Metier3, which had just offloaded its interest in a Docklands office worth $240 million. It was expected Metier3 would exploit the South Yarra site’s 65 metre frontage to Chapel Street with an apartment-based village. [...] FOR the moment, residents in Southbank’s most exclusive skyscrapers can relax knowing their million dollar city views are preserved. Sydney-based property giant Mirvac has signed tour enterprise STA Travel to a nine-year lease at a low rise office within a riverfront compound at Riverside Quay. The Mirvac offices are on blue ribbon parcels of land abutting the Yarra River. At the moment the buildings are limited by a height restriction, however several long standing zonings have been removed, in the pro-development era that has ensued since the problematic Melbourne 2030 policy. Inevitable high rise redevelopment of these Mirvac sites down the track will block postcard views currently enjoyed by residents at Eureka, Freshwater Place and other skyscrapers nearby. [...] CONSTRUCTION of the city’s next major office tower will start in February, after seven, strata titled levels of a proposed buidling sold “off-the-plan” to owner occupiers, in a pre-marketing campaign. The Royal Australian Institute of Architects will build an uber-luxurious, $40 million, 21-level tower at the north-west corner of Exhibition Street and Flinders Lane. Measuring approximately 7000 square metres, the RAIA will occupy levels 1 to 4 of the new building, which will sit between much larger skyscrapers including the Ernst & Young building at 8 Exhibition Street, the Collins Place towers and the recently refurbished Grand Hyatt Hotel. [...] |
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