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Bilby's picture
#277

That's probably not a bad thing, Michael. It is close to the Dandenongs, though.

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3000's picture
#278

I used to have friends that lived in The Basin. Can be a roughish area if you are around at the wrong time.

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Danny Boy's picture
#279

Fridcorp, Harry Goles plan apartment towers worth $800m in Melbourne

Melbourne-based developer Fridcorp and retail high-flyer Harry Goles have separately applied to build more than $800 million worth of apartment towers on Chapel Street in Melbourne’s South Yarra as the area is transformed into a high-rise residential hub.

The planned projects are expected to be part of a spate of development in the precinct, about 4km southeast from the CBD, with businessman Paul Little and Dodo founder Larry Kestelman among those with unit towers in the pipeline.

Fridcorp has submitted a planning application to the local council, the City of Stonnington, to redevelop an ageing office building at 627 Chapel Street.

Fridcorp founder Paul Fridman said the group hoped to erect a $500m mixed-use tower on the site, with about 550 apartments and lower floor retail.

While he would not yet release the design of the tower, Mr Fridman said it would emulate a giant beanstalk, with a focus on nature.

“The need for vertical living around existing infrastructure and amenity is critical and we must be able to make people feel comfortable in that environment,” Mr Fridman said.

“We’ve looked at a lot of studies that have shown that ‘green’ environments make people more comfortable.” The company bought the office building, where it is based, in March for about $40m, and the construction costs of the planned project are expected to be about $130m.

It sits adjacent to the site where Mr Kestelman plans the $500m Capitol Grand apartment project, where he will build 450 luxury apartments.

Mr Fridman said he supported the “vertical zoning” concept being considered by the council, which would require the first three floors of future apartment developments to have office or retail space.

Up the road, at 671 Chapel Street, a company associated with Mr Goles has applied to construct a “multi-level” mixed use project with development costs of $115m.

Mr Goles is the managing director of fashion label Ojay, that went into administration in 2012 but has since relaunched as an online clothing retailer.

The Chapel Street building houses the offices of Ojay but it is not known what the plans for the project are, because Mr Goles could not be reached.

The property was put on the market last year with price expectations of about $30m but a sale did not eventuate.

CBRE head of retail leasing Zelman Ainsworth said the projects would boost retail rents and turnover on the Chapel Street strip. “It’s is going to sustain the retail market in the South Yarra, Prahran and Windsor areas. Apartment living requires strong retail amenity,” he said.

http://www.theaustralian.com.au/business/property/fridcorp-harry-goles-p...

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Nicholas Harrison's picture
#280

16-22 Claremont will be have 31 levels and 399 apartments. Stonnington doesn't support anything over 20 levels anywhere so it will be straight to VCAT.

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MelbourneGuy's picture
#281

On a purely subjective basis, I've already noticed the increased foot traffic and restaurant patronage compared to ten years ago.

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Mark Baljak's picture
#282

Roger David to tower over exclusive Melbourne High

Another skyscraper is set to tower over Melbourne High School, with the owners of the Roger David clothing business applying to redevelop their South Yarra headquarters, adjacent to the college's hockey field.

The 31-level proposal comes seven years after a band of high net worth individuals including trucking magnate Lindsay Fox, who landed his helicopter at Melbourne High, unsuccessfully opposed the first skyscraper redevelopment plan abutting the school – a 16-level, 180-unit tower that replaced a former Lamborghini dealership.

The Roger David proposal is more substantial, with 399 apartments atop a multi-level, 172-bay car park.

If approved, it would be one of the denser residential towers in South Yarra, too. Only a few weeks ago, LK Property Group was permitted to replace a much larger block at the corner of Chapel Street and Toorak Road with a 50-level tower containing 450 flats. That builder is expected to propose another 30-level plus building on a Claremont Street site bought last month for a speculated $14 million.

Numerous towers of more than 30 levels have been approved for sites around Melbourne High School. The Roger David site was permitted for a 13-level redevelopment some years ago.

In the mid-1970s, Roger David sold its Parkdale production plant for $113,000 to the Kingston City Council, which refitted it as the suburb's library.

By comparison, the menswear business' South Yarra site could fetch about $20 million, sources speculate, if offered to the market with an approved 399-unit permit.

Read more: http://www.smh.com.au/business/capital-gain-roger-david-to-tower-over-ex...

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Mark Baljak's picture
#283

lucia - chiara

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central

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Gaffe313's picture
#284

RE: Roger David tower

This is dreadful news for people on the left wing of Lucia, facing Claremont.

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Aussie Steve's picture
#285

Buyer beware!
If you purchased an apartment in South Yarra overlooking a lowrise office or factory, and you didn't think it was ever going to be developed, then you are pretty stupid. That is why everyone needs to be open minded and buy something overlooking public open space or a school. Simple and easy concept to understand.

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Nicholas Harrison's picture
#286

The development of the Roger David site will include a pedestrian laneway between Daly Street and Claremont Street that will benefit the residents in Daly Street. They are providing the laneway as a trade off for extra height.

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DDZZ's picture
#287

Hi,
Anyone took any latest photos of 6 Murphy St? Should be near completion.

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Mark Baljak's picture
#288

^^ I'll grab some soon enough

Jam Factory Close to Sale For $165m

Challenger is rumoured to be in advanced negotiations to sell the Jam Factory mixed-use complex in Chapel Street, South Yarra, to an Asia-based investor.

It is understood the prospective buyer could pay about $165 million for the development-sensitive site (the main building is heritage-listed and any airspace redevelopment would need to be well set back from the street).

Challenger unveiled but never proceeded with a proposed $700 million mixed-use village of the Jam Factory airspace in 2008. A year later, during a local commercial property downturn, the fund manager unsuccessfully tried to sell the 1.9-hectare block for just over $100 million.

Read more: http://www.theage.com.au/business/capital-gain-chinese-developers-pay-50...

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Mark Baljak's picture
#289

6 Murphy
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Yarra House
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DDZZ's picture
#290

Thanks. Seems like 6 Murphy still have some finishing touches to do.

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Aussie Steve's picture
#291

Development Proposal for 55 Claremont Street, South Yarra
The application proposes to develop the subject land with a 16-storey building (technically 17 storeys because a section of the basement projects over 1.2m above the ground), comprising 39 dwellings (15 x one-bedroom, 12 x two-bedroom + study, and 12 x three bedroom). A total of 25 resident car spaces and 12 bicycle parking spaces will be provided. Vehicle access to the proposed development is via Claremont Street.

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Mark Baljak's picture
#292

Melburnians to grow old in style at South Yarra's $100m, 'six-star' aged care facility

SOUTH YARRA | 3141 | Projects

South Yarra's grey-haired citizens will get gold-plated aged care with the construction of a $100-million facility for just 83 people.

A golf simulator, 40-person cinema, wine cellar, gym, hairdresser and private dining rooms are all part of developer John Matthies' six-level, multi-wing building that will also have 60m-long terraces overlooking the Yarra River.

Mr Matthies, whose Australian Aged Care Group already owns premium facilities in Melbourne's Kew and southern Victoria's Phillip Island, hopes to start construction as early as October on what he says will be Australia's - and possibly the world's - first six-star old folks' home.

The Bates Smart-designed facility will occupy the site of four dwellings and two apartment blocks he has spent $25m on acquiring over the past five years, Mr Matthies said. He lives in South Yarra.

Of course, not even local residents get an easy run when it comes to developing aged care facilities. The 8000-square-metre Alexandra Gardens facility had to overcome 177 objections in the Victorian Civil and Administrative Tribunal and still awaits final sign-off from the local Stonnington Council on a proposed amendment. Construction will take an estimated two years, Mr Matthies said.

Read more: http://www.afr.com/business/construction/melburnians-to-grow-old-in-styl...

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Danny Boy's picture
#293
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Danny Boy's picture
#294

MGS Architects

103m AHD, 4.5m Ground RL so 98.5m all up

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Mark Baljak's picture
#295

cheers for posting

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Mark Baljak's picture
#296

lucia

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Danny Boy's picture
#297

402-416 Chapel Street has gone to VCAT.

Reduced to 9 Levels

http://www.stonnington.vic.gov.au/residents-and-services/planning/planni...

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Aussie Steve's picture
#298

The above Chapel Street proposal looks good, but I am not at all keen about a vehicle entry on Chapel Street. That is just not what Chapel Street needs and I am certain that VicRoads, Yarra Trams and the Stonnington City Council would not be in favour of that, especially when Bray Street is around the back.

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Nicholas Harrison's picture
#299

The design needed some work but I can't see what was wrong with 12 levels in that context. The new vehicular crossover to Chapel Street is just a really dumb idea.

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Danny Boy's picture
#300

Full plans of 16-22 Claremont Street up on stonnington council advertising

Design is actually from FK

104.5m AHD from top of LMR and 4.5m RL from lowest lobby entrance so bang on 100m all up

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3000's picture
#301

Kind of reminds me of a smaller Prima and FWP

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