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 PLANS for a $150 million-plus apartment-based village with towers rising up to eight levels are one step closer, in St Albans, about 18 west of Melbourne. Following the newly released St Albans Centre Structure Plan 2025, the Brimbank City Council is set to rezone what agents call the lPLANS for a $150 million-plus apartment-based village with towers rising up to eight levels are one step closer, in St Albans, about 18 west of Melbourne. Following the newly released St Albans Centre Structure Plan 2025, the Brimbank City Council is set to rezone what agents call the largest single land holding in the suburb, a move which will pave the way for a residential-based rebuild. The site, a 6.8 hectare factory with an address of 3 McKechnie Street is currently a collection of seven separate offices, warehouses and factories offering 8427 square metres of building area. A rezoning from Industrial 3 to Residential and Mixed Use allows high density apartment towers to be developed along McKechnie Street, near a Victoria University campus. Near the St Albans train station, the site is also close to the Cairnlea suburb border. Cairnlea and neighbouring Deer Park have rampantly been redeveloped as housing estates over the past 20 years. The industrial site has now been listed for sale by its owner-occupier, Krueger Transport Equipment. Colliers International selling agent Shane Dargue, who is marketing the property with Glyn Bosisto of Raine and Horne, said the site is being offered with vacant possession, or with a leaseback up to two years. A council rezoning is expected to take between 12 and 24 months. Krueger is expected to reap about $15 million from the St Albans site sale. [...]
 SUMMER 2012 may be the last time revelers can enjoy a drink and picnic outside a popular St Kilda Road hang-out. Developer Hudson Conway, headed by billionaire businessman Lloyd Williams has quietly relisted for sale a major development site at 557 St Kilda Road on the north-east corner of Moubray Street. In 2007, and during what were much more buoyant times in the residential development site sector, Stockland paid Vision Australia $28.3 million for the site, until recently one of the biggest land parcels in the tree-lined street. [...]
 A PROBLEMATIC city development site with a permit sold after auction on Thursday for an as-yet undisclosed price. The 556 – 560 Flinders Street property, at the north-west corner of Downie Street, has been earmarked over the years for a variety of developments, of varying heights. At one stage a scheme was prepared for a 33-level commercial tower with 25-levels of strata office suites. Another proposal would have seen 101 apartments squeezed onto the 291 square metre block, opposite the new Northbank Place complex, between Spencer and King streets. [...]
 THE massive Springvale Homemaker Centre has opened in Melbourne’s outer-south east. The 205,000 square metre (gross) complex, a joint venture between Harvey Norman and IKEA (Sweden) has been in the works since 2006. The double storey complex and 2800 car parks (impression, right) is anchored by the two retailers: Harvey Norman occupies a 10,000 store, while IKEA will trade from a huge 36,000 square metre facility. [...]
 ONE of the inner-city’s most distinctive art deco commercial buildings – on a gateway site connecting West Melbourne to the CBD – will be retained and form the entrance of a major apartment skyscraper. Planning minister Matthew Guy has approved the development of a 32-level, 368 unit apartment tower on land behind the Streamline Moderne building at 420 Spencer Street, near the Flagstaff Gardens, at the north-west tip of town and within an area that is quickly becoming a development hot-spot. Constructed in 1930 as the headquarters and showroom for Australian Glass Manufacturers, and extended in 1937, 420 Spencer Street (pictured) was until recently occupied by retailer Nightingale Electrics. The building, recognised by the National Trust, used materials such as metal window door frames in its then-modern design. [...]
 VICTORIAN planning minister Matthew Guy has approved the construction of a 26-level, 272 unit apartment complex near the frantic St Kilda Junction, in Melbourne’s inner-south. Set to be developed on a 2845 square metre block at the intersection of St Kilda Road and Barkly Street, the proposed building (artist impression, right) will also include triple storey townhouses, a pedestrian walkway and a podium garden. A ground floor artist studio and gallery space which will be made available for local artisans. One bedroom units will range in size between 37 and 47 square metres. [...]
 SIXTEEN months after it was destroyed by fire – which was a month after it was permitted for demolition – the waterfront site where Phillip Island’s popular Isle of Wight hotel once stood is for sale. The prominent and elevated property – which stares down the Cowes Jetty – measures 9197 square metres and runs behind many shops on the western side of Thompson Avenue, which is the sleepy hamlet’s main retail strip. The Bass Coast council controversially approved the historic pub (pictured, above) be demolished in April 2010, despite it being recognised as one of South Gippsland’s most significant landmarks. The site is for sale with a permit for a nine-level resort and retail development with hotel rooms and apartments. [...]
 ENDING years of speculation, the federal government is readying to sell one of the south-eastern suburb’s most anticipated development sites. Under the guidelines of the Commonwealth Property Disposals Policy, the 9.5 hectare CSIRO Land and Research Highett Laboratory is expected to be offered for sale this financial year. Bayside City Council held a meeting with the federal government late last month to pitch its thoughts for the site which runs between Highett and Bay roads, near the Highett train stations, about 16 kilometres from the CBD and near the more exclusive suburbs of Hampton and Sandringham. [...]
 SOME Brighton mansions may be languishing on the market for months – and then end up selling for far less than initial asking prices. But demand for the suburb’s smallest real estate is continuing unabated – even selling for a nifty profit between economic downturns. This week new Brighton agency Nick Johnstone Real Estate sold bathing box 40 on Dendy Beach, for $210,000 before a scheduled auction. The vendor bought the cream coloured wooden box two years ago for $170,000. [...]
A LEANER, greener proposal to redevelop the 1.5-hectare St Kilda Triangle site should be unveiled by next year – allowing construction to start soon after. The City of Port Phillip, which includes many new councilors elected on the back of protesting a controversial 2007 proposal – has started a community consultation program designed to create a new vision for the blue ribbon asset, next door to the Palais Theatre, opposite St Kilda Beach. Its recently released Toward a Shared Vision document summarises feedback from a public ideas forum held about the redevelopment in June. Amongst the 40 attendees were architects, planners, council staff and members of the Acland and Fitzroy street traders’ associations. [...]
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