Lendlease is set to take on a $1 billion-plus mixed-use development at Melbourne’s Queen Victoria Market, having secured preferred tenderer status for the so-called Southern Site project.at the southern end of the seven-hectare market precinct, sources toldAn artist’s impression of the proposed Queen Victoria Market redevelopment.
“The City of Melbourne will share further details on the outcome of this process once it has concluded,” Ms Capp said.An announcement is some months away, but the mayor’s comments indicate the project has doubled in value since it went to tender in June last year, described then as a $520 million project that would develop some 600 residential units.
Under a 2014 agreement, the Victorian government will transfer 7602 square metres of Crown land at the southern end of the site to the city, which will be sold to the developer. It is not yet clear whether Lendlease will develop traditional for-sale apartments or build-to-rent housing – or a combination of both – in the project. Last month, Lendlease chief executivethe company, which has not yet started any BTR projects in Australia, would include the housing type at its Melbourne Quarter project.
mix used shopping centres and unit towers are recipe for fire disaster A flaming inferno in the name of GREED Developers wanted to build high school on top of shopping malls The madness of ugly towers
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