Paul Little lists dual tower site in Melbourne's South Wharf soon to come to market

Paul Little lists dual tower site in Melbourne's South Wharf soon to come to market
Paul Little lists dual tower site in Melbourne's South Wharf soon to come to market

A development site in Melbourne's South Wharf with plans and a planning permit for a residential project of 940 apartments has hit the market.

The 8,847 sqm site at 89 Lorimer Street within the city fringe precinct of South Wharf will be marketed by Colliers International’s Trent Hobart and Bryson Cameron on behalf of Little Projects’ Paul Little.

“This development site is of an international scale and has recently been granted with ministerial planning permit approval for a high-end dual tower development of 940 apartments, known as South Wharf Towers,” Hobart said. 

“It’s an ideal city fringe residential location just 1 km from the CBD, with view lines that span across vast parkland, the Yarra River, Port Phillip Bay and the Melbourne CBD."

The dual cylindrical towers will be designed by Elenberg Fraser architects. 

“The exceptional strength in demand from both on and offshore developers for high profile projects such as South Wharf Towers continues in Melbourne," added Cameron, saying he expected this to be the case with South Wharf Towers.

“Following the government-led planning changes in the City of Melbourne in 2015, there has been a distinct lack of residential sites for sale with only three transactions in the CBD grid in 2015. This site will address that underlying demand for a premium residential development site on the doorstep of the CBD with the bonus here being the de-risked planning and infrastructure contribution framework and proven residential location, given Mirvac’s success in the area.”

Tags: 
Melbourne Residential Development

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