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CBD | Light House Melbourne | 450 Elizabeth Street | 69L | 218m | Residential

Ryan Seychell's picture
#1

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Ryan Seychell's picture

Couple of other renders I found for this one:

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Mark Baljak's picture

EF heights for their own tower 62 levels and 202m - staying at that height with the recent application to increase to 67 levels withdrawn

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Alastair Taylor's picture

Very handy diagram

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Nicholas Harrison's picture

Looks like 197 to roof and 202 to top of LMR.

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Nicholas Harrison's picture

The City of Melbourne report for 452 Elizabeth Street states that The Minister for Planning approved an amendment to this development that
increased the height of the building to 67 storeys on 7 February 2014.

The tower will now be 218m high.

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Mark Baljak's picture

hrrrm The Australian last week said they ran into planning issues and did not proceed with the extension?

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Ryan Seychell's picture

the permit register online says withdrawn too? Odd.

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Ryan Seychell's picture

Bar at the bottom has closed down, just an empty space now. Maybe making room for a display suite?

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Laurence Dragomir's picture

I think it's going to be used as a venue for the Comedy Festival.

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Ryan Seychell's picture

or that..

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Mark Baljak's picture

looking like 69 levels

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Ryan Seychell's picture

took this about 2 weeks ago:

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Ryan Seychell's picture

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Ryan Seychell's picture

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Michael Berquez's picture

So that means no blank concrete walls.....Yeeeeeeesssssss

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Mark Baljak's picture

mmm nice find

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MelbourneGuy's picture

Anyone know if the start date on this project is dependent on percentage sold or whether they've got their own finance?

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Ryan Seychell's picture

There's a booklet at the news stall right in front of the site if anyone wants to check it out, most renders i've posted though i believe..

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Ryan Seychell's picture

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Ryan Seychell's picture

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Ryan Seychell's picture




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Les Whyte's picture

Ryan Seychell,
Thanks for sharing your awesome photos of ( Lighthouse Melbourne, 450 Elizabeth Street.), l myself just cannot wait to see how Melbourne will look in say 5 years time, it will never look the same has it looks today with the amount of highrise towers under contruction or proposed.

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Mark Baljak's picture

^^ those two last screen grabs are impressive

Roman bath in appearance? Looks good regardless

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Mark Baljak's picture

75% sold...amazing

Hengyi eyes new ventures beyond Melbourne

LARRY SCHLESINGER
Chinese-backed developer Hengyi Australia is looking beyond Melbourne for fresh investment opportunities, after selling $240 million worth of apartments in its latest high-rise development overlooking Queen Victoria Market.

Hengyi Australia head of marketing and development Stephen Speer told The Australian Financial Review the company was “actively looking for opportunities” and was currently considering a number of joint ­ventures both in Melbourne and around Australia.

Light House, is a 69-level high-rise apartment development on the ­corner of Elizabeth Street and Franklin Street in central Melbourne with an end value of $320 million. It is due for completion in early 2017.

The project is a joint venture between Hengyi and Melbourne GP-turned-developer Harold Chua.

Dr Chua acquired what is currently the Melbourne International Backpackers – a four-storey building on a 1009 square metre site – for $3.8 million in 2000 through his property investment business, Sixth Grange.

The existing backpackers will be demolished in October, with construction to begin next year.

Light House has been designed by architects Elenberg Fraser featuring an exterior luminescent shell of reflective panels.

It’s the second Australian project for Hengyi, an affiliate of China’s Shandong HYI Group, a large-scale residential and commercial developer based in the Shandong province.

Hengyi’s other Melbourne project – its first in Australia – is the 23-level residential conversion The William.

Due for completion in September, it will feature residences plus a ser­viced apartment component run by US hotel group Wyndham.

Light House features 607 units of which 75 per cent have already been sold. The contracts are worth $240 million on settlement.

Mr Speer said 120 apartments were sold following investor roadshows in Hong Kong, Singapore and Kuala Lumpur. A further batch was sold through agents in Shanghai.

There was no restriction on the number that could be sold overseas, with as many as 40 per cent ­potentially owned by offshore ­investors, Mr Speer said.

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Ryan Seychell's picture

They've just started building the display suite too...seems kinda pointless now lol.

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