3rd November 2017
Melbourne property developer Steller buys former Greyhound Hotel for $7.5 million
Steller has secured the high-profile property at 1 Brighton Road, St Kilda, on the corner of Blessington Street, which has a newly approved permit in place for a seven-level mixed-use project comprising 37 apartments and two retail spaces. Savills Clinton Baxter, Jesse Radisich and Nick Peden brokered the deal for the 911sq m landholding via expressions of interest after receiving extensive enquiry from local and Asia-based developers. “The site drew a huge amount of interest from buyers wishing to secure the property for development,” Mr Baxter said.
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