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urban eyes's picture

Hi Nicholas, do you have any details on the above proposal for fishermans bend? Or any information on who owns that parcel of land?

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Mark Baljak's picture

Corner deal in Fishermans Bend

One of Fishermans Bend's most prominent corner sites is understood to be quietly exchanging for a speculated $13 million.

The Kennards Self Storage facility on the corner of Montague Street and Normanby Road is surrounded by car yards, including Melbourne City Mazda, City Chrysler Jeep Dodge, South Melbourne Toyota and City Mitsubishi.

Lemon Baxter's Jonathan Walls is understood to be behind the deal. However, he was unavailable for comment.

The property is opposite an imposing grey five-level storage facility and near 11 Montague Street. Until a couple of years ago, Woolworths-backed hardware chain Masters had planned to trade from the latter site.

Sources say the Kennards-occupied property is in due diligence to sell but an ownership transfer has not yet occurred.

It has been retained for nearly 30 years by a local investor.

The block is within the Montague precinct of Fishermans Bend, set to contain the new precinct's tallest skyscrapers. It is near 245-251 Normanby Road, which recently exchanged for nearly $18 million.

Not far away, Planning Minister Richard Wynne approved two 50-plus-level apartment towers, expected to be Fisherman Bend's tallest. Numerous other residential buildings of more than 30 levels have been approved and several others are awaiting a tick.


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Nicholas Harrison's picture

Landowners pool Fishermans Bend sites for six-tower masterplan

The pooling of properties for development has taken a big leap forward, with six individual landowners in Melbourne's Fishermans Bend combining their sites to create a six-tower masterplan across 13,000 square metres.

If approved, the $600m Normanby Road Precinct would be the largest to date passed by Planning Minister Richard Wynne, who in May approved three towers for the area.

The owners - who declined to be identified - were landlords of industrial sites at Fishermans Bend for over a decade who benefited, like many other owners of sites in the area, from the change of zoning former planning minister Matthew Guy made to permit residential development, said Mark Horton, the managing director of consultancy Project & Property Partners.

"We already thought something was going to happen," said Mr Horton, who is overseeing the masterplan. "The former minister brought it to them with some gusto."

The development - for which plans have been lodged - seeks to dodge the debate about minimum apartment sizes, ensuring that the smallest one-bedroom apartments are 50 square metres in size, equivalent to the minimum size specified in a draft government architect proposal last year, and range up to 110sqm for three-bedroom units.

Ground-level planning will include small plazas and "pocket parks" across the six sites, as well as laneways between Normanby Road and Munro Street and Normanby Road and Woodgate Street.

"The net community benefit from a precinct approach is the creation of public spaces that feel good to be in and that people want to return to," said Tom Jordan, the managing director for architect firm Hayball.

While the landowners are combining their sites for planning purposes, they are keeping titles separate and the six 40-level towers are all designed to stay within individual title lines. One of the sites, currently leased to Kennards Self Storage, is reportedly in due diligence for a $13m sale.

None of the owners has a commitment to sell to the same owner, but flipping the combined sites, post-approval, to one owner was a likely outcome, Mr Horton said.

"There has to be some prospect that economies of scale might see that as being the best outcome," he said.

FISHERMANS BEND | General News and Discussion

6 towers all the same height is not a good outcome, but that's what happens when you have mandatory height limits.

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Melbourne_Fragments's picture

What are your reasons for concluding it's a bad outcome? They look to all have unique design and decent spacing. which I think is more valuable than height variation

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Qantas743's picture

At this rate there won't be many remaining sites capable of a 200m+ tower(s) once these moronic height limits are lifted - whenever that may be.

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urban eyes's picture

My only reservation is that the buildings won't engage with the street given the overall size and aesthetic presentation of the podiums. Podiums in these developments need to broken up visually through the use of aesthetically pleasing material rather than the usual glass, steel - and worse still aluca bond cladding we see in docklands - in order to create a more visually stimulating, permeable, inviting and timeless street-scape. The overall height of the building shouldn't be made an issue in this section of the city.

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John Armsby's picture

How is it that if 6 separate landowners have pooled their resources as stated in the article, then why is the name on all of the applications Paul Little?

Also needs to be said that if ever there was a site more deserving of a tower to dwarf Eureka then one of these sites should fit the bill, not 2600m2 plot 200m away from Eureka

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John Armsby's picture

Now there's something interesting, earlier this week the Ministerial Permit registry gave the applicant on all of the Normanby Road applications as Paul Little and now the Registry has been changed.

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John Armsby's picture

Now there's something interesting, earlier this week the Ministerial Permit registry gave the applicant on all of the Normanby Road applications as Paul Little and now the Registry has been changed.

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Mark Baljak's picture

anyone willing to suggest this isn't a ROTHELOWMAN?

FISHERMANS BEND | General News and Discussion

A residential apartment building comprised of 8 storeys with 1 level of basement carparking and rooftop amenity. Retail at ground floor, including 3 tenancies, totalling 393m2 NSA. 83 apartments, including 41 one bedrooms, 42 two bedrooms, totalling 8,260m2 GFA. Carparking for 67 cars. Bike parking for 25 bikes, including 17 residential and 8 visitor bays.


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Mark Baljak's picture

Melbourne’s Fishermans Bend lures Chinese developer for $14m

A Chinese developer has paid $14 million for a commercial site in Melbourne’s Fishermans Bend as a speculative land banking investment.

The row of showrooms on a flat-iron block at 280 Normanby Road has no development ­approval and is occupied by a Tradelink warehouse and a bathroom and homewares supplier on an 11-year lease.

But that was no impediment for the developer, who closed on the deal two weeks before ­expressions of interest closed, according to CBRE listing agent Mark Wizel, who brokered the deal with colleagues Julian White, Ed Wright and Lewis Tong.

“Uncertainties in the Chinese local economy as a result of ­recent volatility in the Chinese stockmarket, has led to a ­number of local Chinese developers looking to double down, and invest more money into Melbourne real estate” Mr Wizel said. The buyer was represented by prominent Melbourne property lawyer, Eu Ming Lim, a partner from Thomson Geer.

The deal comes as more ­Chinese developers are showing interest in Fishermans Bend, where large residential developers including Lend Lease have major projects


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melbourne's picture
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Mark Baljak's picture

Interesting read

City sprawl or skyscraper tall: why can't Melbourne do urban design better?

A vast urban sprawl on the edge of the city, or super-tall apartment skyscrapers in the city centre: it seems Melbourne does both to extremes.
Now, research backed by the Myer Foundation proposes recasting one high-profile city project - the Fishermans Bend urban renewal area, already shaping as another Docklands-style white elephant - as a model for sustainable mid-rise development across Melbourne.
The plan would see Fishermans Bend, the industrial area of Port Melbourne and South Melbourne that has been re-zoned for residential use, developed as a medium-rise neighbourhood.
It would incorporate native wildlife corridors, diverse building types and streetscapes designed for walking and cycling.

The Napthine and Andrews governments have approved high-density high-rise apartment blocks in Fishermans Bend - the antithesis of what the group argues is suitable for the area.

Read more: http://www.theage.com.au/victoria/city-sprawl-or-skyscraper-tall-why-can...

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Melbourne Muse's picture

Absolutely agree with much of the vision outlined in this article - except the premise which doesn't understand that higher density towers (where appropriate) would actually make more public and wildlife pockets refuges achievable.

Marvelous Mega-Melbourne

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Mark Baljak's picture

Labor commissions report on Liberals - guess the result

The former Victorian Coalition government's signature urban renewal project delivered windfall profits to land holders but was unmatched worldwide for its failure to plan for transport and other key services, a scathing confidential report has found.

The now opposition leader Matthew Guy's decision to allow unfettered high rise development of Fishermans Bend in industrial South Melbourne and Port Melbourne was taken without a strategy or funds for decontamination, transport, open space or affordable housing, the report finds.

The assessment was compiled for Planning Minister Richard Wynne by a Labor-appointed committee which includes Lord Mayor Robert Doyle.

It describes Mr Guy's controversial 2012 rezoning of 250 hectares of the area as a "misguided" move that, without dramatic intervention, will result in "poor urban outcomes" for future residents and workers in the area.

The report also notes that a move by Mr Wynne to rein in development in April this year - by putting in interim planning rules - led to a "rush" of 11 development applications in the 12 weeks that followed.

Read more: http://www.theage.com.au/victoria/report-slams-matthew-guy-on-rezoning-o...

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Aussie Steve's picture

The report noted above published in The Age is very accurate in terms of a quick and poor decision and subsequent actions that will lead to this area of Melbourne becoming high density without any funding to support community infrastructure. It was a very poor decision made by the Minister that has lead to massive proposals with very little if any developer contributions to fund the necessary infrastructure. God knows how you fix this now. but it should be to ensure we don't get another Docklands south of the river.

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Nicholas Harrison's picture

The way the rezoning process for Fishermans Bend was carried out was a complete balls up but now some people are using that as an excuse to try and introduce stricter density and height controls. They are completely separate issues.

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Adam Ford's picture

There's only one way to fix it. The state government needs to spend money here if it's ever going to work.
You need to draw up a PROPER urban renewal authority that has totally blanket planning rights over the entire zone.
You need about eight government agencies around the table all agreed on a specific masterplan.
You need to bring rail over from Newport, and that's probably a bridge and if you're building that you probably add road also and get your second river crossing there.
This is not an exercise in changing the usage of a particular section of land. This is SUPPOSED to be about establishing a proper, long-run, fully networked solution to guide urban development, transport, etc for the entire metropolis.
The idea that all of this is even being done without proper consideration of the future of the Port - and particularly Webb Dock is mind-boggling. So we'll wind up picking the solution most optimal for the imperatives at Fishos here, and it will be pure luck, should that happen to coincide with the broader long-run needs of the greater metro area.

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3000's picture

I think Docklands is starting to evolve nicely tbh. Don't get wrong, it's taken time to fix the giant cock up that was done but I think it's starting to become a place where people can both live and work. They just need to help make it feel like a continuation of the cbd and not some weird, desolate, stitched-on part of the city.

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Aussie Steve's picture

The real way to fix it, is to get all property developers who will make millions to contribute to the infrastructure by a hefty development contribution levy. Not everything needs to be funded by the state government.

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theboynoodle's picture

The problem with getting the developers to pay is that if they've already bought their plots then it's potentially a major movement of the goalposts.

Provisions to pay for the communal goods of the area should have been set out from the start, so that developers, if it was to be they who wrote the actual cheques, could factor it into the prices paid for land.

It was the landowners that made unearned fortunes when the area was rezoned. Not the developers. Any costs imposed on developers at the outset would have resulted in lower land prices, meaning that the landowners ultimately foot the bill. As it should have been.

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Mark Baljak's picture

new tower for Blue Earth Group - first in FB since June?

Demolition of the existing building and construction of a mixed used development and use of the land for accommodation.
245-251 Normanby Street South Melbourne

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melbourne's picture

Family-style apartments win the green light in Fishermans Bend
by Nick Lenaghan

A 10-storey tower that is well below the maximum height possible and offers family-sized apartments has been approved for the Fishermans Bend precinct on the fringe of the Melbourne CBD.

Designed and developed by Armsby Architects, the project at 339-441 Williamstown Road comprises offices at the ground and first floor and seven terrace style apartments above that.

Unusually, Armsby, which has a record of well regarded inner-city projects, has not pressed for the full 18 storeys possible at the site.

Instead its 33-metre building will comfortably fit six three-bedroom and one four bedroom apartments. Each has a sizeable space allocation, storage and substantial private open space.

Read More: http://www.afr.com/real-estate/familystyle-apartments-win-the-green-ligh...

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melbourne's picture

91-95 Montague Street South Melbourne VIC 3205

Demolition of the existing building and construction of a 30 storey mixed use development and use of the land for accomodation

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melbourne's picture

$19m spent on land for Vic playground

A warehouse owner in Victoria has made almost $15 million in profit after the state government bought the property to build a school playground.

The government had to pay $19 million for vacant land in a capital city zone for the Fishermans Bend school playground site, Planning Minister Richard Wynne says.

The former owner of the soccer pitch-sized warehouse bought it for $4.4 million in 2008.

Mr Wynne has blamed the former state government for rezoning the area without buying up the necessary space for public land, parks and buildings beforehand.


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