another for the 200 club, unless they're converting office floors to resi
Developers "flipping" projects for huge profits
Developer Equiset has gone back to Planning Minister Matthew Guy to build even higher on a Collins Street site that tripled in value after the minister approved a skyscraper on it early this year.
It is the latest example of a developer trying to "flip" a project – on-sell it for huge profits after gaining planning approval from Mr Guy, who is responsible for signing off on large projects in Melbourne's CBD.
Equiset bought 464 Collins Street last May for $10.5 million, and immediately began plans for a 55-level apartment tower on the tiny site, known as Makers Mark because of an existing building.
Planning Minister Matthew Guy.
Planning Minister Matthew Guy.
Mr Guy approved the project in February, and it went on the market for around $30 million. The project is now, according to agents CBRE, under contract for sale.
Equiset – which says the building is not yet sold – now wants Mr Guy to sign off on another six levels so that the project's apartments can be made bigger.
Read more: http://www.theage.com.au/victoria/developers-flipping-projects-for-huge-...
Site sold to Golden Age Group for $25 million
Golden Age Group planning to launch construction early next year for a 280 apartment project
Looks like marketing for this one is about to begin, with only around 185 apartments, should sell quite quickly!
Website up and running: http://www.collinshousemelbourne.com.au/
Of all the interesting names it could have, included many derived from the heritage facade/shipping chamber they are retaining, they go with 'Collins House' ...
seems like they have a sales gallery in Singapore which might start selling first: http://www.sghomesforsale.com/collins-house-melbourne.html
How's the first pic - talk about misleading! Looks like it's almost looming over rialto.
New design, now holding 298 apartments
Does anyone know if they removed the double level lofts in the floor plan?
Looked like they've increased the height a bit too, it's at least 61 levels now, construction to commence mid this year.
Yeah there's at least 55 levels in the main body of tower not including the podium, which would just tip it over 200m if the 181m height was at 55 levels .. would have to make it one of if not the thinnest height/width ratio of a tower in Melbourne ?
I just wish (hope?) the western facing side of the building wasn't going to be 200m+ of concrete (assuming the new design follows the previous one)
bang on 200 metres now
larger, clearer render:
No LMR, so off the top is 214.66 - 14.75
A few more renders:
Looks the goods!
Do we know if the amended design has been approved yet?
Not sure, but can confirm the building is bang on 200m.
Amazing how a 200m building hardly stands out anymore.
Not 100% but i think probuild have this one
Went past today.
All closed up with Hutchinson signage in the windows.
Hopefully not too far off!
Interesting, my information must have been mixed up. Another one on its way up!
Went past last night and there seemed to be workers inside doing something, not sure what though..
Must be the display suite: http://www.melbourne.vic.gov.au/BuildingandPlanning/Planning/Pages/Plann...