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Mark Baljak's picture
#127

AXF have one or two intended out there I recall reading somewhere

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Melbman's picture
#128

^^ Thanks for that info.

Its certainly an area that is quite popular and could handle significantly more development.

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Mark Baljak's picture
#129

AFR
Off-the-plan apartment demand heats up
Rebecca Thistleton

>> Owner-occupiers are driving off-the-plan apartment sales in Sydney and Melbourne, and a trend towards higher end stock has emerged in the wake of low interest rates.

Apartments in those central suburbs where house prices are prohibitive are drawing more owner-occupiers, who want good architecture and top-notch fittings.

>> In Melbourne, demand had shifted to owner-occupiers aged 25 to 40, spending $400,000 to $650,000 in older, established suburbs, such as Carlton and Collingwood, according to Jamie Kay, executive director of Oliver Hume apartments.

Melbourne’s apartment market reached peak development levels after a spike in buying in 2010. Sales have since slowed and there has been evidence of an oversupply.Mr Kay said apartment stock was targeted at investors in the past, but the emerging owner-occupiers wanted quality architecture and fittings, in A-grade locations.

>>

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Peter Maltezos's picture
#130

 Mr Kay said apartment stock was targeted at investors in the past, but the emerging owner-occupiers wanted quality architecture and fittings, in A-grade locations.

Now that's a good change, was getting a bit annoyed by the many cheap-end/student targeted apartment blocks going up.

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

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Melbman's picture
#131

Its a big change certainly.

A good development, in the right location should definitely have more appeal but it doesn't seem to have been the case over time so far.

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Laurence Dragomir's picture
#132

Has Concept Blue on Russell Street been painted recently or is it just me?

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Mark Baljak's picture
#133

22-32 lt la trobe

RESIDENTIAL | news & discussion, concepts & unbuilt projects

RESIDENTIAL | news & discussion, concepts & unbuilt projects

RESIDENTIAL | news & discussion, concepts & unbuilt projects

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Mark Baljak's picture
#134

silverleaf about due for carpark wrap
RESIDENTIAL | news & discussion, concepts & unbuilt projects

exposed a/c's - bit of fist shaking
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don't want to be living the the apartments set back when the lowrise in the foreground is developed
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Mark Baljak's picture
#135

Car park may fetch $12m
August 21, 2013

Read more: http://www.theage.com.au/business/car-park-may-fetch-12m-20130820-2s98r....

>>A private developer seeking to cash in on strong demand for Melbourne development sites has put a city car park on the market.

The small two-level car park at 399 Little Lonsdale Street adjoining the University City Apartments building will be sold with permits in place for a 39-level Peddle Thorpe Architects-designed residential tower.

The property, owned by Clement Lee's Riverside Group, is one of a dwindling pool of city car parks that are popular with investors and developers.

>>The Little Lonsdale Street car park is next door to a three-storey office building that has permits for a 57-level tower, CBRE selling agents Mark Wizel and Josh Rutman said.

The car park is for sale by expression of interest with price expectations around $12 million.

Mr Rutman said larger offshore development companies were now moving in the market.

Read more: http://www.theage.com.au/business/car-park-may-fetch-12m-20130820-2s98r....

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Nicholas Harrison's picture
#136

I hope the owners of 282 buy it and increase the height of their proposed tower to 250m+

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Mark Baljak's picture
#137

silverleaf wrap

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Mark Baljak's picture
#138

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http://urbanmelbourne.info/projects/glen-eira/1056-1060-dandenong-road-c...

Glicks HQ for sale

The Melbourne owners of established bakery Glicks Cakes and Bagels have listed their 30-year-old Carnegie headquarters for sale after obtaining a valuable permit to replace the site with a 10-level apartment building.

The deep 4147-square-metre block at 1056-1060 Dandenong Road is expected to sell for about $7 million to make way for a mixed-use development with lower level commercial space and 172 flats above.

Established in Balaclava in the late 1960s, the kosher retail bakery now trades from shopping villages in Melbourne and Sydney. It is speculated Glicks will relocate office headquarters to Clayton or Moorabbin after the Carnegie sale.

Between the Monash University Clayton and Caulfield campuses, the proposed project is speculated to have an end value of about $80 million. CBRE's Justin Clarkson and Mark Wizel are the marketing agents.

''The development package has all the elements of a significant, landmark residential project in a rapidly growing area which continues to benefit from the nearby - and expanding - Monash University,'' Mr Clarkson said.

''By 2030, the Caulfield campus will grow by 87 per cent in size, with this property ideally positioned to take advantage of the growing number of students attending Australia's largest university.''

Read more: http://www.theage.com.au/business/zagame-expands-car-empire-in-richmond-...

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Mark Baljak's picture
#139

interesting idea

AFR
Buy an apartment and earn frequent flyers
Jamie Freed

>> Looking for more than 500,000 Qantas Airways frequent flyer points to redeem for a pair of business class tickets to London ?

Rather than earning them slowly by actually flying or buying groceries at Woolworths, you can now get them in one hit through the purchase of a ­Melbourne apartment.

Qantas has signed its first property earnings deal with Larry Kestelman’s LK Property Group, which now has exclusive rights to offer frequent flyer points for real estate in Victoria.

>> “The apartment price is no more or less than they would pay otherwise,” he told The Australian Financial Review.

Qantas was also emailed frequent flyer members in other states. Mr Kestelman said the flats could prove attractive to investors comparing properties that were reasonably similar and bought based on returns.

A return business class fare to London can be bought with 256,000 points. A first class fare on the same route costs 384,000 points, excluding fuel surcharges and other fees.

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Chris Peska's picture
#140

^^ yes interesting indeed... good marketing :)

Observe. Design. Build. Live.

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Mark Baljak's picture
#141

pearls on a swine - Guild

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MelbourneGuy's picture
#142

I'd like Guild torn down and started again. I may be wrong but I believe Ron Walker was associated with this building. If that's the case, well shame on him for allowing this blight on humanity to go up especially when he professes his love for Melbourne.

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Melbman's picture
#143

^^ I think that was Guilfoyle that Ron Walker was involved with developing.

Unfortunately, Guild looks unfinished, and that art piece does not help one bit.

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Mark Baljak's picture
#144

mmmm wonder where this will be?

Greenland leads VRC field for Flemington site
BEN WILMOT

>> CHINA'S largest developer Greenland Group has held talks to buy a site in Melbourne near Flemington Racecourse from the Victoria Racing Club for one of its city-defining towers.

>> Greenland chairman Zhang Yuliang told The Wall Street Journal in March that the group was eyeing a residential project in Melbourne located next to a university. This prompted speculation the group was looking at Grocon's Swanston Square precinct. But it has instead been working on the Flemington site, which is thought to have the capacity for up to 2000 apartments.

Ernst & Young's real estate arm is advising the club and two sources said the Chinese developer had been in due diligence for months. The Chinese group's size and structure means it takes a considerable time before buying a project. Greenland last year also considered the purchase of the Australia 108 site in Melbourne's Southbank, where a proposed 388m super-tall skyscraper had been flagged, but the vendors were reluctant to tie it up.

The Chinese group's entry into Melbourne could be assisted by the Victorian government, which has approved apartment towers across the city.

http://www.theaustralian.com.au/business/property/greenland-leads-vrc-fi...

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Melbman's picture
#145

^^ Definitely will be interesting to see where this is.

2000 apartments in that area will be a very big project.

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Mark Baljak's picture
#146

Grocon eyes upscale apartments on Spring St

NICK LENAGHAN
Australia’s biggest private developer, Grocon, is running its ruler over a prime CBD residential redevelopment opportunity on Spring Street, at Melbourne’s ritzy east end.

Private investor the Kador Group put the 16-storey office tower, worth close to $50 million, on the market two months ago through Jones Lang LaSalle agents Paul Burns and Rob Anderson and ­Colliers agents Nick Rathgeber and Leigh Melbourne.

The 85 Spring St property stands on a 1241 square metre section, near Collins St, the parliamentary precinct and the Treasury Gardens.

Indicative render going around

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Michael Berquez's picture
#147

Thank god we're not getting that /\/\

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Mark Baljak's picture
#148

2-4 Buckhurst Street South Melbourne

Building and works, demolition works and use of land for dwellings, commerical premises including a subdivision and a waiver of the loading and unloading requirements
Date Received 05/09/2013

Gibsons website
The project will consist of 2 residential towers of 35 levels comprising of 1, 2 and 3 bedroom apartments with a mix of retail and commercial premises on the ground floor. The development has the potential for 400 apartments.

prelim
RESIDENTIAL | news & discussion, concepts & unbuilt projects

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Mark Baljak's picture
#149

unbuilt scheme for dimmeys richmond

crosby architects

RESIDENTIAL | news & discussion, concepts & unbuilt projects

RESIDENTIAL | news & discussion, concepts & unbuilt projects

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Chris Peska's picture
#150

Hrmm interesting ^^ definitely prefer the design that they went with in the end.

Observe. Design. Build. Live.

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Mark Baljak's picture
#151

Tower on King casts a shorter shadow
September 11, 2013

>> Plans for a soaring 43-level building on a small site at 33-35 King Street were rejected two years ago, but the developer, Australian Hotel Developments, is now seeking approval for a shorter, 29-level, tower on the site. The site on the corner of Flinders Lane measures just 14-by-23 metres.

>> The 29-storey edifice - originally designed to be 131 metres tall - is squeezed on to a mere six-by-24-metre block and has one apartment on each level.

>> The original King Street proposal, which included substantial office space as well as 168 apartments, was rejected by the Victorian Civil and Administrative Tribunal.

>> But the trend towards maximising height comes with a price - the building will not have any car parking. The project cost was likely to exceed $80 million and included five apartments per floor, a total mix of about 140 one and two-bedroom units.

Read more: http://www.theage.com.au/business/property/tower-on-king-casts-a-shorter...

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