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CBRE

A king sized opportunity presents itself in the CBD

Local and international developers now have the opportunity to run the ruler over what is one of Melbourne's largest permitted CBD development sites. 299 King Street has been placed on the market in the knowledge that it is one of the last remaining super-sized developments within Melbourne's CBD that was not subject to evised planning rules which were introduced during 2015. Dubbed Kings Tower , the 208 metre residential scheme design by Plus...

West Melbourne's development scene as fluid as ever

As one the city's in demand new apartment locations, West Melbourne continues to consistently churn out development news. Last week architecture firm Buchan Group confirmed that its former studio at 133 Rosslyn Street West Melbourne had received planning approval for a new residential complex. Replacing the firm's former office will be a new 9 storey design for developer Starland Pacific Group. With PDS Group installed as Development and Project...

54-56 Clarke and 10 Moreland enter the already strong development site field

Earlier in the month Urban Melbourne highlighted the strong field of development sites currently on the market, with a slant toward suburban sites holding sway over inner city offerings. Developers gazes may well be swing back to the inner city with two prime sites offered in the interceding time, will full approvals in tow. 54-56 Clarke Street, Southbank Planning Minster of the day Matthew Guy labelled it "a revolutionary change for the way...

Forrest Hill's apartment numbers are big and getting bigger

South Yarra has consistently been a hot spot for apartment development for some time, yet the suburb's Forrest Hill Precinct continues an unprecedented surge of large-scale planning applications which continue to land with City of Stonnington. The latest to join the ranks is 37-41 Claremont Street with Artisan Architects last week submitting plans for a 31 level residential tower on behalf of LK Property Group. Sold by CBRE City Sales during...

Development sites to the fore

Inner and metropolitan Melbourne is currently flush with development sites listed with the city's largest real estate firms, all of whom are still eager to cash in upon the favourable market factors allowing for consistently high sales prices. A sweep through available listings sees scarce few truly blue-chip development sites on offer, but rather an abundance of noteworthy (some may argue secondary) development sites capable of handling a...

Footscray's Riverina Apartments powers ahead

Recently Urban Melbourne broke the news that Footscray's Joseph Road Precinct will begin its transformation into an inner-city residential enclave with the release of Riverina Apartments. Located less than five kilometres from Melbourne's CBD, Riverina Apartments also presents as developer AZX Group's vanguard Australian development, with further projects planned along the Eastern Seaboard. Nic Cuni as Director of CBRE's Residential Projects was...

Future Estate: The future of Pentridge Village

It was reported last week that developer Future Estate is the successful new owner of a vast tract of development land within Pentridge Village. Expected to fetch $30 million via a sales campaign held by CBRE, the final price tag was a reported $27 million. And for that price Future Estate now holds land reserves totalling approximately 41,000sqm, located 7.5 kilometres from the CBD. Covering twelve separate sites with the largest at 5,591sqm,...

Meinhardt's 'Skyscraper Trends in Melbourne' seminar reviewed

Last week Meinhardt Australia held their Skyscraper Trends In Melbourne: From Super Skinny To ‘Prefabulous’ seminar which brought together a select group of Melbourne's development industry elite to consider the influences shaping the future direction of Melbourne's built form. The latest in a string of successful seminars held under the Practical Imagination - imagin8 banner, Urban Melbourne was present to cover the informal yet highly relevant...

What's driving Melbourne's development site sales frenzy?

Traverse the inner city and you may notice a plethora of properties with 'For Sale' placarded over their frontage. The rise of Asian property developers in the Melbourne market has led to an unprecedented number of development sites offered for sale, with their owners expecting heightened returns as local and offshore developers jostle for premier pieces of real estate. Market conditions are currently very receptive to new residential projects...

Five of the best current development sites

The Melbourne property merry-go-round is in full swing with a plethora of development sites currently on offer. Insatiable Asian-backed development firms are providing stiff competition for local property firms as some prime pieces of Melbourne real estate are offered and dually snapped up. Here are but five of the best on offer, some of which include approved development schemes. 1 Ascot Vale Road, Flemington Formerly known as Equinox...

Development & Planning

Tuesday, February 21, 2017 - 06:00
Although applications for substantially tall apartment towers have eased over recent times within City of Stonnington, two current development applications across Prahran and South Yarra represent the next sling of smaller sized towers for the municipality. A 14 storey apartment building at 10-16 Cecil Place is being sought by Bensons Property Group.

Policy, Culture & Opinion

Tuesday, January 17, 2017 - 00:00
On 2 January 2017, it was reported that several popular eateries and bars in Footscray had been vandalised, including the perennially successful 8 Bit Burgers on Droop Street, and Up In Smoke on Hopkins Street. 8 Bit had the warm new year's welcome gift of 14 smashed windows and the words “F**k off hipster scum” spray-painted on their entrance.

Visual Melbourne

Wednesday, February 22, 2017 - 07:00
Once again Melbourne has turned it on for the spectacular cultural juggernaut that is White Night. A crowd of around 600,000 took part in the all night festival of projections, performances, artworks and installations. Stealing the show again this year was the extraordinary projections upon the Royal Exhibition Building.

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Transport & Design

Monday, February 20, 2017 - 12:00
The Minister for Public Transport, Jacinta Allan, this morning announced the preferred design option for removing level crossings in Cheltenham and Mentone would include sinking the rail lines under existing road grades and rebuilding both stations in respective trenches. The level crossings on Frankston line to go are Park Road and Charman Road in Cheltenham and Balcombe Road in Mentone.

Sustainability & Environment

Tuesday, November 29, 2016 - 12:00
Timber mid-rise buildings are becoming the preferred choice for many stakeholders in Melbourne, due to a combination of factors, including cost-effectiveness, liveability, ease and efficiency of construction. Within the recent National Construction Code change, Deemed-To-Satisfy provisions allow mid-rise timber construction for buildings up to 25 metres “effective height” (typically, eight storeys).