STONNINGTON > Sth Yarra, Prahran, Malvern etc...

[Aussie Steve]

Linx, High Street, Prahran

[tayser]

thumbs up.

[Aussie Steve]

Its a shame they didn't build over the train tracks and connect the station platforms to High St.

[John_Proctor]

yep unfortunately developers know that the Department of Transport/VicTrack aren't equipped to answer enquiries about such opportunities like that in a fast enough manner for private business to deal with.

definitely could have worked there. at least there is still potential for overtrack development in the future probably completed directly by VicTrack (in partnership with a developer). could be a 5/6 storey building (similar scale to this 'Linx') with no carparking.

[Grampians]

Originally Posted by John_Proctor

yep unfortunately developers know that the Department of Transport/VicTrack aren't equipped to answer enquiries about such opportunities like that in a fast enough manner for private business to deal with....

Seems that, in an advance planning gesture Dpt Plan/VicTrack could complete detailed surveys of all likely/preferred re-dev opportunities such as this and have a proforma list "on file"...in fact such a list could then quite easily be canvassed out to developers and so on...you get the idea...but, they remain soporific, lethargic, and insufficiently entrepreneurial...a malaise. If the govt doesn't set about "making" this happen by taking a forward leaning posture it will take decades and this type of lost opportunity will be the continuing norm!!

[John_Proctor]

yes a 'pre approved' list of sites for above station development is all that is needed... the reason that doesn't/won't happen is because the Department is trying to keep open many different options for track augmentation for different rail requirements and would struggle to determine where such development was possible and under what conditions.

eg. freight tracks from Dandenong to the city could be connected into any of the Caulfield Group or Burnley group lines in some manner across a number of different alignment options. That is a multi-billion dollar investment decision that won't happen for many years to come but you wouldn't want that decision to be limited as a result of 1 above track development for 100 apartments at 1 location becuase it seems like a good idea to us today.

Development here might rule out a (purely hypothetical, Frankston-Moorbain-South Road-Sandringham line option.

[silvermb]

host of projects in their early stages

the whiteley


claremont


river


tusk apartments


see south yarra


clara


lilli

[Mickeebee]

The amount out construction going on in sth yarra is insane.....
Go SY, go you good thing.

[kichigai]

Thanks for posting the pics Silvermb.

[tayser]

Originally Posted by Mickeebee

The amount out construction going on in sth yarra is insane.....
Go SY, go you good thing.

+1

[Dockside]

^Got to agree, Sth Yarra has really taken off and bout time too......>>>>>>

[silvermb]

up for sale, great design

http://www.realcommercial.com.au/2768981

[Shumway]

Fantastic! I love that line of towers next to the station.

[Melbourneguy]

Must admit there really is a vibe going on here with all the development.

[melburn21]

im glad this one is going ahead, i though it had fallen off the radar. That is one of the best designs i have seen in years (for a low/midrise apartment tower)

[silvermb]

should be read as the site is up for sale, not apartments

[Melb_aviator]

Originally Posted by silvermb

should be read as the site is up for sale, not apartments

I thought thats what was meant. Lets hope the site is purchased and the design is kep by the new owners.

Its one of the best designs around.

If its not built there, take it to Docklands lol

[kichigai]

http://www.realestatesource.com.au/z...ra-office.html

Zig Inge Outmuscles Developers For Prime South Yarra Office
Written by Marc Pallisco

FUND manager and developer Zig Inge Group is believed to have paid close to $18 million for a rundown but spectacularly located office investment at 199 Toorak Road in South Yarra.

The blue, glass, four-level building with ground floor shops is at the north-east corner of Claremont Street and will be renovated, and slotted into Zig Inge Group’s Core Plus Portfolio.

Zig Inge, which built its business developing retirement villages, outmuscled several high-rise residential developers for the 199 Toorak Road site, which measures 1689 square metres.

An adjoining site at 2 – 4 Claremont Street, measuring 908 metres was listed for sale with 199 Toorak Road, but after failing to attract interest as a whole – was sold separately after auction for a speculated $6.5 million.

CB Richard Ellis and GormanKelly marketed the two neighbouring investments.

In the immediate area, a 38-level apartment tower – The Capitol South Yarra - is proposed for a site on the north-west corner of Toorak Road and Chapel Street. As part of this redevelopment, the historic Capitol Bakery building will be replaced to become the mouth of a new shopping centre.

Between The Capitol site, and 199 Toorak Road, Little Project Development is marketing a high-end apartment tower, Ilk, which will soar 24 levels at 227 – 233 Toorak Road. LPD paid ANZ Bank $33 million for the rundown office that will become IIk in 2007.

However one major developer trying to sell out of South Yarra, is Stockland.

In early 2008 the Sydney-based group paid private developer Michael Yates $26.25 million for a 2146 square metre site at 2 – 4 Yarra Street, and then fought council, unsuccessfully, to build a 35-level tower there.

Stockland is hoping to break even from the sale of the site, which is being offered with a 27-level, 332-unit permit. The Victorian Civil and Administrative Tribunal is currently reviewing an application which would result in more apartments, and more height.

Jones Lang LaSalle and Ernst & Young are marketing that site.

Zig Inge recently made headlines pocketing an approximate $10 million profit onselling a rundown Toorak mansion, once the family home of State Opposition Leader Ted Baillieu.

Zig Inge sold 39 St Georges Road for almost $25 million in May, after paying a reported $14.8 million for the 6000 square metre estate in February 2009, and at a particularly depressed point in the prestige property cycle.

In June last year, Zig Inge paid Sydney-based fund manager Challenger $20.2 million for Camberwell’s distinctive, and recently restored Rivoli theatre.

[montec]

TRILOGY APARTMENTS

SOrry if I missed it, but why have sales been "put on hold" of these apartments according to investmentproperty.com?

[Jack Daniel]

Trilogi




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