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Mark Baljak's picture
#1377

Hacer have begun this one - haven't seen any sales for the apartment portion

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Mark Baljak's picture
#1378

Not too much has changed since 493 St Kilda Road was first submitted

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theboynoodle's picture
#1379

Lovely frontage

(said the bishop to the actress etc etc)

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Mark Baljak's picture
#1380

Mirvac East Melbourne

(General Cranes pic)
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Mark Baljak's picture
#1381

Melbourne apartment shortfall looming, says William Deague

The chief executive of the wealthy Deague family, William Deague, has shrugged off fears of an oversupply of apartments in the Melbourne market, declaring the city is about to experience the “greatest undersupply of apartments’’ in its history.

Now run by sixth and seventh-generation members of the Deague family, the Melbourne-based Deague Group is involved in hotel, commercial and residential developments across the ­nation and renowned for its Art Series hotel brand.

It is currently finalising construction of Melbourne’s tallest apartment tower outside of the city centre, the $330 million Whitehorse Towers project in Box Hill.

In an interview with The Australian, William Deague rejected economists’ concerns about the state of the Melbourne apartment market after ABS Residential Property Price Indexes for the March quarter showed prices falling in the middle to upper segments — by $535,000 to $700,000 — of the Melbourne apartment market.

The figures prompted JPMorgan’s Henry St John to claim there was an “unhealthy underbelly” in the Australian property market, especially in Melbourne and Brisbane.

But Mr Deague said demand would still outstrip supply in the Melbourne market.

“It is the greatest undersupply of apartments ever being built in the history of Melbourne,” Mr Deague said. “There are 116,000 people moving to Victoria every year. And 20,000 of that is from Sydney.

“We have never ever in Victoria built more than 45,000 houses or apartments, ever. And we have a 1.5 per cent vacancy rate.

“And between the town planning ministers, the banks and the sales restrictions on overseas investors, the sales and the apartment starts especially in the CBD are dropping significantly.’’

http://www.theaustralian.com.au/business/property/melbourne-apartment-sh...

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Mark Baljak's picture
#1382

Melbourne heritage building bought for a record $25 million by mystery developer

One of Melbourne city centre’s most beautiful – and most troubled – heritage buildings has been bought for a record $25 million by a mystery Singapore developer.

It’s the third time the Equity Chambers building has sold in five years, with previous plans to turn it into apartments – with retail and commercial space – defeated by the complexities of various heritage listings.

Two of those developers actually sold some of the projected apartments off the plan, before withdrawing and returning buyers’ deposits.

Now it’s expected that yet another sales campaign will be launched before the end of the year for the planned 158 apartments, over 18 levels, in the hope that either the old buyers will be game enough to try again, or new hopefuls will come forward.

“I’m not sure any of the originals will come back to it after so much disappointment,” said Clinton Baxter, Savills Melbourne state director of Victoria CBD and metropolitan sales. “But it’s such a beautiful building, I imagine there’ll be plenty more who’ll want to buy.”

The current five-level building at 472 Bourke Street – the former site of the first synagogue in the state – dates back to 1931. It had been the longest continuously occupied barristers’ chambers in Australia. Its tenants once included legal profession elder statesman Sir Eugene “Pat” Gorman.

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https://www.domain.com.au/news/melbourne-heritage-building-bought-for-a-...

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redden's picture
#1383

Opera's floor slabs are above street level now.

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New Charsfield has dug deep.

RESIDENTIAL | news & discussion, concepts & unbuilt projects[/QUOTE]

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Qantas743's picture
#1384

CBRE are marketing a large development site in Southbank with a swish sales campaign including indicative concepts/renders, in a similar fashion to the Sapphire site.

https://www.youtube.com/watch?v=PaeaSoRY7-E

http://flagshipmelbourne.com/

It doesn't say where exactly but it looks like it could be the Esso building as was tipped a couple of months ago. Either way certainly one to watch!

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Nicholas Harrison's picture
#1385

It is the BMW site. Big enough for an Australia 108 sized tower.

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Qantas743's picture
#1386

Is that with the new planning laws?

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Laurence Dragomir's picture
#1387

The site area is significant - you could fit a 100-storey tower and a park (public benefit).

I've often wondered how long it would be before rhe BMW site was redeveloped.

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Qantas743's picture
#1388

What are the chances of CE buying it?

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Laurence Dragomir's picture
#1389

Stitched together what I could from the video.

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Garmatt's picture
#1390

This can't be real. It's just a last minute rehash of Sapphire.

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Laurence Dragomir's picture
#1391

^It's just an indicative concept illustrating the potential of the site.

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Laurence Dragomir's picture
#1392

Whoever buys the Flagship site should look into buying Hanover House/158 City Road too. It would allow for an increased developable GFA and the western-most tower could shift further west away from 28 Freshwater Place.

Looking at it closer 28FWP is so inconveniently sited relative to every future development going up on that block; One Queensbridge, 25 Power Street, 158 City Road and Flagship.

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Nicholas Harrison's picture
#1393

Or somebody could buy this site, 38 Freshwater Place and 158 City Road and build 100 storey twin towers :-)

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redden's picture
#1394

Opera

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Fawkner. The low rise building has occupants now, with a gentleman soaking up the rays today on his sunny balcony. Nice spot, with acres of Fawkner Park behind him. All this warmth has prompted the prunus blossom to pop, as a tease of Spring.

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RESIDENTIAL | news & discussion, concepts & unbuilt projects[/QUOTE]

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Mark Baljak's picture
#1395

Opera is going up super quick

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redden's picture
#1396

Yes, now that it's out of the ground, it's flying. Opera's slight twist is evident from close up.

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RESIDENTIAL | news & discussion, concepts & unbuilt projects[/QUOTE]

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Mark Baljak's picture
#1397

Classic East Melb

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Mark Baljak's picture
#1398

Peter Devitt's Muse: LU Simon boss plans 14-level tower of 45 top-end apartments

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Peter Devitt will on Thursday lodge plans for a 45-apartment residential development on Melbourne's St Kilda Road that he says will offer a level of luxury beyond anything available in the Victorian market.

Mr Devitt, the founder of builder LU Simon, is pushing ahead with developing the site he purchased as a land bank 16 years ago. He said the project targets empty nesters already living in the Toorak-South Yarra area and who want apartments that are bigger and more secure than anything else available locally.

"It's going to be beyond luxury," Mr Devitt told The Australian Financial Review. "We don't believe it's currently available in the marketplace. You've got your typical buildings of The Melburnian [250 St Kilda Rd], St James [350 St Kilda Rd] and The Domain [1 Albert Rd] but I think this is stepping up to the next level.

"The demographic we're looking to attract to the site are people that are not downsizing, but they're probably empty nesters, from suburbs close by. And hopefully what they pay for these apartments they'll be able to sell their house and either exchange for these types of apartments or hopefully put some change in their pocket."

Prices in The Muse, as the 14-level building on the corner of St Kilda and Toorak roads will be known, start at $2.5 million for a three-bedroom apartment on level one and go above $40 million for the 1000-square-metre penthouse. It will have a 24-hour concierge, 25-metre lap pool, relaxation pool and spa and a residents' club lounge with private meeting rooms. Car parks in the building will be extra wide to cater for residents' luxury collections.

Read more: http://www.afr.com/real-estate/peter-devitts-muse-lu-simon-boss-plans-14...

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Mark Baljak's picture
#1399

Opera will be super sleek when it's fully clad

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redden's picture
#1400

|I still can't see Mark's pics above, so here are Friday's shots of Opera's glass, at a gloomy weather moment, plus some other St Kilda Road projects.

RESIDENTIAL | news & discussion, concepts & unbuilt projects

RESIDENTIAL | news & discussion, concepts & unbuilt projects

RESIDENTIAL | news & discussion, concepts & unbuilt projects

RESIDENTIAL | news & discussion, concepts & unbuilt projects

RESIDENTIAL | news & discussion, concepts & unbuilt projects

Queens Domain is getting some nice curves at street level.

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RESIDENTIAL | news & discussion, concepts & unbuilt projects

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RESIDENTIAL | news & discussion, concepts & unbuilt projects

Cafe is open in the Arthur.

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RESIDENTIAL | news & discussion, concepts & unbuilt projects

New Charsfield

RESIDENTIAL | news & discussion, concepts & unbuilt projects[/QUOTE]

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redden's picture
#1401

Eastbourne

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