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melbourne's picture
#177

Proposal to add another level at 134-144 Bourke Street:

 

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Also proposed 4 level extension to the building on the corner of Flinders Lane and Russell Streets, facade is meant to ripple in the wind.

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Mark Baljak's picture
#178

^^ like it

one of many mid-sized projects around town that seemingly go unnoticed - warringal hospital heidelberg

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Peter Maltezos's picture
#179

The period features of this building inside and out, are great!

Let's hope that the four storey extension is sympathetic.

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I collect, therefore I am. thecollectormm.com.au

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Mark Baljak's picture
#180

Hilton hotel in closure proposal
October 2, 2013
Chris Vedelago

Melbourne looks set to lose one of its signature luxury hotels, with the Hilton on the Park likely to close after operating for nearly 40 years in East Melbourne.
The Hilton's lease over the hotel complex expires in late 2014 and owner Brookfield Australia is advertising the property for sale with vacant possession.
The looming closure comes despite the hotel's high occupancy rate and profitability. It would leave the Hilton South Wharf as the only presence for the chain in Melbourne.

Planning approval has been granted for an 81-apartment development at the eastern end of the Wellington Parade site, replacing the old MCG Hotel.
An application has been made to build a seven-storey building of 18 dwellings on Clarendon and George streets. The permit has been approved, but the decision is set to be tested in the Victorian Civil and Administrative Tribunal, according to the Melbourne City Council.

Read more: http://www.smh.com.au/business/property/hilton-hotel-in-closure-proposal...

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melbourne's picture
#181

Just some quick shots I took of Emporium, seems to be coming together now - finish looks a lot better than I thought it would, still not the best though..

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Mark Baljak's picture
#182

AFR

Walton Construction placed in administration

Melbourne-based Walton Construction Company, which at its peak employed 340 people and turned more than $360 million a year, is being place in administration.

Founder and managing director Craig Walton said the business had been engulfed by the downturn in the construction industry since the global financial crisis and some poor results on projects in NSW.

During the past six months, Walton had been unable to complete several projects and was forced to transfer most of the group’s other projects to competitor companies, securing work for about 80 staff as well as sub-contractors.

A number of other projects had been transferred to new financiers for completion.

>> would explain why Emproria Prahran was palmed off to Kane Constructions

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Melbman's picture
#183

Certainly has been some challenging times, but its amazing with all the construction that has been going on that more decent work is not available. For all the doom and gloom, around nearly every corner seems to have something being built.

The contracts available must be razor thin if that much pressure is being placed on the firms that are getting the work.

Saddest part of that is that NSW has taken down a Vic company :(

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melbourne's picture
#184

ANZ office requirement back on the table i'd imagine?

ANZ jobs to stay in Melbourne
October 8, 2013 - 12:25PM

Nearly 600 jobs at ANZ Bank in Melbourne have been saved following a campaign by staff to stop call centres' work from moving off shore.

ANZ met with the Finance Sector Union on Tuesday to confirm that no jobs would be sent offshore.

The bank will consolidate its two Melbourne call centres, but no jobs would be lost as a result of the change.

Read More: http://news.theage.com.au/breaking-news-national/anz-jobs-to-stay-in-mel...

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Dean's picture
#185

The proposal is for the Mulgrave offices to close and all staff moving to the current South Melbourne offices.

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melbourne's picture
#186

KPMG on the move
Professional services giant KPMG is speculated to be quitting its enviable Collins Street address - renowned within property circles for being one of the first offices to offer super-size (4000-square-metre) floor plates in the city's Paris end.
Sources say KMPG is in advanced negotiations to lease a brand-new office at Walker Corporation's Collins Square complex in Docklands. Collins Square is a multi-office compound being developed near Collins Street's western end - on the opposite side of the Southern Cross train line to Media House, headquarters of The Age. The two most valuable parts of Collins Square have already been developed and leased.
A Walker spokesperson declined to comment, while a KPMG representative confirmed it is looking for space but has not yet made a decision.
KPMG's current office, the former T&G Building at 161 Collins Street, on the south-west corner of Russell Street, is considered underdeveloped with just a 12-level building rising from a massive 5574-square-metre block. This pocket of the city, defined by the Property Council of Australia as Melbourne's eastern core, typically has lower office vacancy levels than other parts of the Melbourne CBD.
The former T&G Building is owned by JGL Investments, part controlled by the Liberman family.
In the long term, airspace is expected to make way for an office skyscraper similar or taller than the nearby 101 Collins Street (57 levels) and 120 Collins Street (53 levels), which were both developed about 20 years ago.

Read more: http://www.smh.com.au/business/home-invasion-in-boulevard-office-belt-20...

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Mark Baljak's picture
#187

501 swanston progression

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Kycon's picture
#188

Hickory, Probuild and Multiplex all tendering for Nova Centre development.

The Altus is on the market and favourites.. L.U.Simon opens the bidding war...

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Mark Baljak's picture
#189

AFR
St Kilda losing tenants to the CBD

DUNCAN HUGHES

>> Red Cross Blood Service claims to be putting some heart back into St Kilda Road’s commercial rental market with a five-year extension of its lease at 417 St Kilda Road from Newmark Capital, a $140 million property trust.

But consultancy Knight Frank warns that commercial investors could be missing a beat about prospects along Melbourne’s famous boulevard, because office vacancies are set to jump by more than 10 per cent over the next year as competitive rates attract tenants into the central business district.

>> Simon Morris, Newmark joint managing director, said as well as being a major artery into Melbourne, it also provided lifestyle amenities, such as parks and the convenience of on-site parking for tenants.

St Kilda precinct, which covers an area extending about 3 kilometres south from Coventry Street to St Kilda junction, was historically a prestigious residential strip that underwent ­commercial development in the 30 years to 2000.

>> During the past decade the withdrawal and conversion of older offices for residential use has reduced stock by more than 10 per cent to about 740,000 square metres. Companies that have recently taken out leases include cosmetics group L’Oreal and Seek, the online job search company.

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Mark Baljak's picture
#190

Delays hit Emporium as names sign up
October 16, 2013
Simon Johanson

Melbourne's premier retail development, the Emporium, has 90 per cent of its tenant income secured despite the city's subdued leasing environment.
But the project may be struggling to meet its completion deadline after suffering delays and a $125.9 million write-down after an independent revaluation by joint-owner CFS Retail Property Trust Group.
The Emporium, half-owned by CFS and the Government of Singapore Investment Corporation (GIC), is being built by Grocon on the site of the former Myer Lonsdale Street store.
CFS revised the project's December construction deadline in June, saying it would be delayed until March 2014, a hold-up that would add $15 million to its costs.
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In an annual statement CFS said it had made ''solid progress on the development … with 90 per cent of income secured''.

Read more: http://www.smh.com.au/business/property/delays-hit-emporium-as-names-sig...

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Mark Baljak's picture
#191

ANZ staff rethink lifts CBD site hopes

ANZ Bank's decision to not send 600 call centre jobs offshore has set the Melbourne office market aflutter with rumours the bank might still look to anchor a new development in the city.

Mirvac is in prime position to pick up the lease with its planned development on Collins Street in the Docklands over Spencer Street station on the bank's radar, sources said.

Separately, leasing agents said KPMG was expected to take up a significant lease at the third tower of Lang Walker's Collins Square development in the Docklands.

In what is one of Melbourne's most widely anticipated leasing deals, KPMG would take up to 30,000sq m at Walker Corporation's development.

Earlier this year, ANZ put out an information memorandum for 20,000sq m of fresh office space to house its call centre workers, but the leasing process was slowed by the bank's initial decision to send a large portion of the jobs offshore. The requirement is large enough to provide an anchor tenancy in any one of several projects in the Docklands and CBD that are slated by a host of listed developers including Dexus and Charter Hall.

- See more at: http://www.theaustralian.com.au/business/property/anz-staff-rethink-lift...

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Mark Baljak's picture
#192

AFR

Chanel moves house to Melbourne’s luxury block
23 OCT 2013

>> One of the world’s great luxury brands, Chanel, will open a flagship store in Melbourne, in the ornate former Church of Scientology on Flinders Lane.

While Australian retailers bemoan challenging sales conditions and operating costs, Chanel Australia managing director David Blakeley said if anything, he wishes the country’s second flagship store could have come sooner.

“It’s not that the time to move is now; it’s that it’s taken four to five years for us to find the right location,” he said.

The boutique on the corner of Russell Street and Flinders Lane in the city’s central business district will open to VIP guests on the evening of Wednesday, October 31.

On the outside, the Victorian classical facade has arched windows and stone detailing. On the inside, the group has constructed 700 square metres of retail space in addition to four floors of training facilities, offices and a rooftop terrace.

>> Together with Chanel’s global retail architect, New York-based Peter Marino, the four-storey building was converted into a six-storey retail space and Victorian headquarters.

Builders excavated into the ground beneath the floorplate to create a full-sized basement for offices and inventory, and built onto the roof to create a rooftop function space with views over the Yarra River and Federation Square.

The design team removed every column to make each floor freestanding, and built a giant staircase at the store’s centre soaring into a two-storey void.

Mr Blakeley was tight-lipped on the total value of the conversion and excavation works, and equally on the rental.

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melbourne's picture
#193

501 Swanston Street

 

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Dangerous Beans's picture
#194

Could have stuck a decent size tower in where the new audi centre is going, an architecturally significant building could have worked well on this 'gateway' corner. The owners of north facing apartments in verve might not be happy about that, but they deserve to be punished for buyinging into such an ugly tower ;)
Nonetheless, the current works look like an improvement on what was there.

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MelbourneGuy's picture
#195

Totally agree with you DB. Not developing such a great site seems like a wasted opportunity for something special there.

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Laurence Dragomir's picture
#196

I know it was said tongue in cheek but I think the amenity issues are a valid concern against developing a tower on that corner - views are one thing but depriving people of natural light, particularly northern is pretty poor form. there is also the risk that that block could've been overdeveloped and with minimal setbacks between towers - again not an ideal outcome.

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Nicholas Harrison's picture
#197

PDG had plans approved to add 7 levels to the existing office building. They could still go ahead with those plans in the future.

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Mark Baljak's picture
#198

AFR
QIC to redevelop Eastland shopping centre
NICK LENAGHAN

>> Funds giant QIC plans a $1 billion-plus development pipeline in Melbourne, beginning with a $575 million expansion of its Eastland shopping centre in Ringwood.

>> In Melbourne’s east, QIC has already secured David Jones as it begins construction of the Eastland redevelopment. The upmarket department store has committed to a 15-year lease for 11,000 square metres for one of its so-called Next Generation store formats.

Steven Leigh, managing director of QIC Global Real Estate, said the development would increase the size of Eastland by about 50 per cent to around 127,000 square metres.

>> commercial/hotel towers to follow

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Melbman's picture
#199

Great to see that investment. Will be great to see Ringwood further developed into a hub.

Their approved Collins Street tower is also set to go up also soon.

http://ourvision.com.au/index.php/2012/03/13/80-collins-st-melbourne/

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melbourne's picture
#200

http://www.theaustralian.com.au/business/property/bn-melbourne-cbd-push-...

$1bn Melbourne CBD push by Singaporeans Michael Kum and Hiap Hoe
SARAH DANCKERT AND GINA RUSHTON THE AUSTRALIAN OCTOBER 31, 2013 12:00AM

Michael Kum

SINGAPOREAN property developers are planning residential-cum-hotel developments in the Melbourne CBD and surrounding areas that will have an end value close to $1 billion, with wealthy investor Michael Kum and Hiap Hoe planning three separate projects.

Together the developments by Mr Kum and Hiap Hoe will add about 1000 new hotel rooms to the Melbourne market and more than 1000 apartments.

The Australian can reveal that Mr Kum was behind last week's purchase of a prime development site at Freshwater Place from Australand for $31m through Colliers International.

Mr Kum, whose personal wealth is estimated at $750m by Forbes, is understood to be planning a five-star hotel and apartment complex with a potential end value of between $300m and $500m on the plum Southbank site located close to Crown Casino and the Southbank office and entertainment area.

Mr Kum's new Melbourne development has sparked talk he will look to float his family company, M&L Hospitality, on either the Australian Securities Exchange or the Singapore bourse.

The Kum family's M&L

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Mark Baljak's picture
#201

Queen Victoria Market a step closer to revamp

NICK LENAGHAN
A $250 million plan to redevelop Melbourne’s iconic Queen Victoria Market has moved a step closer, with the transfer of crown land from the state government to the Town Hall.

The one-hectare parcel around the market will be combined with another 4000 square metres already held by the city to create a freehold parcel for a mixed-use commercial development.

Funds from the redevelopment would then be reinvested into the 135-year-old market. While the plan is yet to be finalised, a park, two commercial developments and an underground car park have been mooted.

Lord Mayor Robert Doyle said the city would eventually seek a UNESCO world heritage listing for the market following the renewal.

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