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Historic building backfires on marginal seat car park plan
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Historic building backfires on marginal seat car park plan
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Legendary Greek cake shop for sale with vacant possession
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Major build-to-rent players circling inner Melbourne site
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Melbourne apartment developer UAG, led by Nicole Chow, is hoping to realise an early profit from the sale of a large inner Melbourne development site that has attracted interest from major build-to-rent players including Mirvac, Tim Gurner and Greystar.
UAG paid $30 million for the 8803 square metre former Vision Australia site at 346-350 Macaulay Road, Kensington in 2018.
An artist impression of the BTR project at 346-350 Macaulay Road.
Last June, UAG received planning approval for a six-tower project of 424 apartments on the site, one of a number of developments that were fast-tracked by the state government to stimulate construction activity and boost the economy during the pandemic.