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Old February 11th, 2014, 09:52 PM   #1
Ni3lS
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MELBOURNE | 410 Elizabeth St. | 173m | 55 fl | Com

Residential tower

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as grollo has previously mentioned

Client: Mammoth Empire Holding
Cost/Value: $220 million
Use: Residential
Description: 486 Apartments, 150 car parking spots and 2 retail tenancies

[img]http://oi53.************/74lv.jpg[/img]





RMIT's Outgoing Building 87 to be Sold With Permit For 50-Level Apartment Tower

A CBD building, offloaded by the Royal Melbourne Institute of Technology five years ago, has been listed for sale this week as a major residential development site.

The 410 Elizabeth Street office, known to RMIT staff and students as Building 87, will be sold with a development permit for a 50-level apartment building, capable of accommodating hundreds of units.

The property is owned by developer Michael Buxton, who paid RMIT $8.25 million for the office in 2004, before working on obtaining a residential development permit.

Last year, details of the proposed project appeared on the website of boutique developer Hamton, a property development venture between Michael’s son Steve, and Paul Hameister, both of which were unavailable for comment.

The Elizabeth Street property is expected to reap about $16 million, according to sources, and will be sold with a short-term lease to RMIT, which occupies all of the soon-to-be-demolished 7-level, 6,091 square metre building, at the north-east corner of A’Beckett Street. Knight Frank director Clinton Baxter is marketing the site.
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Old February 11th, 2014, 09:53 PM   #2
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2.5

Update

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What a ugly Brady development shoved there in front of A'Beckett Towers. I'm thinking negatively that Vision is going to be such an abortion.

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[2017] > Düsseldorf, Mallorca, Geneva, Annecy, Montafon, Vorarlberg, Barcelona, Zürich, Crete, Lisbon, Cascais, Málaga, Ronda, Dolomiti, Sistiana, Kitzbühel
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Old February 13th, 2014, 09:35 AM   #3
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This appartement is very incredible and very amazing. I want to buying one of appartement that above
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Old February 14th, 2014, 08:41 PM   #4
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that is a very cool modern facade
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Old March 14th, 2014, 08:42 AM   #5
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Looking good, not long to go now. The first of many talls to pop up around this area. Also a twin building for this has been proposed, with avertical rather than horizontal pattern.

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Old August 4th, 2014, 04:49 AM   #6
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Update from SYDNEY (July 29th)

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