New one for St Kilda Rd by Bates Smart
the 'design precedents' shown are probably a lot better architecture than the design, but I think it's nice the current late-deco block of flats is being replaced by something referencing more progressive architecture from the mid-century period
I think it's a good outcome. Reasonable setback from the main road and easily is better than what's currently there.
Yes indeed, a great addition to St Kilda Road.
Yes it sure is a great addition to St Kilda Road....l have notice that a lot of office blocks are being converted or bulldoze on St Kilda Road, to apartments blocks....l often wonder if the same thing will happen on Royal Parade and Fleminton Road, Parkvile, and Victoria Parade, Fitzroy and Collingwood.
Bosco verticale eat yer heart out.
Singapore’s Lian Beng flips Melbourne site for $10m windfall
Singapore-listed developer Lian Beng Group has flipped a Melbourne site for a tidy $10 million profit after owning it for less than two years.
The group announced the sale of 596 St Kilda Road for $34 million to a Taiwanese-based developer, who is understood to be a first time entrant to the local market.
Lian Beng paid approximately $24.35m for the block of older apartments in October 2015, then gained planning approval for a 170-unit project and received several unsolicited offers for the site.
Lian Beng executive director Matthew Ong said the group was not exiting the Australian market and planned to use the proceeds for further investments in Australia.
“We are just recycling capital,” Mr Ong said. “We are looking to find appropriate investments in both Melbourne and Sydney in the immediate term, we see Australia as a stable and prudent location for our diversification.”