CBRE City Sales

Elizabeth Street wins approval, Clarendon Street goes back to the drawing board

Long at planning, 478-488 Elizabeth Street has come away from the approvals process with a permit. Earlier this month the final stamp of approval was granted for the project, after a stint at VCAT which resulted in the appeals body issuing an order to approve the development during late August. The final result sees an Elenberg Fraser-designed tower in excess of 60 levels permitted on site consisting of apartments, a hotel component and retail...

A high stakes game unfolds for one of Melbourne's largest proposed developments

As one of the city's last applications judged under previous planning regulations, the chronology of 478-488 Elizabeth Street makes for interesting reading and perhaps points to the convoluted transitional process between old and new planning laws. At the peak of the Asian-backed development wave sweeping Melbourne during 2015, entity L1-2013 Pty Ltd lodged plans for 478-488 Elizabeth Street. The 1,168 square metre site is wedged between two of...