Columns
Business in Southbank Image

Business in Southbank

Cutting edge living
Read more >>

St Johns Southgate Image

St Johns Southgate

That’s awesome!
Read more >>

Owners Corporation Law Image

Owners Corporation Law

Electric vehicle charging and the rise of the machines
Read more >>

Montague Community Alliance Image

Montague Community Alliance

At last, a Fishermans Bend Framework!
Read more >>

Metro Tunnel

Building Anzac Station
Read more >>

Federal Politics Image

Federal Politics

Liberals and Nationals ship sheep
Read more >>

We Live Here Image

We Live Here

Cladding – remove now, pay later?
Read more >>

Southbanker Image

Southbanker

Walking for a purpose
Read more >>

Housing Image

Housing

We are leaving an intergenerational time bomb for our children
Read more >>

History Image

History

From corporate office to high-end living
Read more >>

Safety and Security

Stifle the opportunity
Read more >>

Southbank Sustainability Group Image

Southbank Sustainability Group

Sustainability talks and Boyd Park
Read more >>

Health and Wellbeing Image

Health and Wellbeing

Positive psychology for increased wellbeing
Read more >>

Skypad Living Image

Skypad Living

Luv thy NABERS (for apartments)
Read more >>

Pets Corner Image

Pets Corner

Enter the “Shiba Zone”
Read more >>

Southbank Fashion Image

Southbank Fashion

Spring racing in Southbank
Read more >>

Street Smarts Image

Street Smarts

Power Street – Southbank
Read more >>

Letters Image

Letters

The cost of cladding
Read more >>

Prominent site for sale

07 Sep 2017

Prominent site for sale Image

Automotive giant BMW has put its Southbank showroom site on the market, complete with an impressive high-rise development scheme.

Marketed by CBRE, the 6191 sqm site at the corner of City Rd and Southbank Boulevard is expected to ignite global interest and is mooted to form part of a mixed-use development in a coveted corner position.

A highly advanced development scheme has been prepared by local architecture firm Fender Katsalidis, comprising two towers accommodating 800 apartments, 600 hotel rooms and 10,000 sqm of retail space.

The striking render provides an insight into what is possible on the site, which is part of a high-rise block already consisting Freshwater Place, Prima Pearl as well as Crown’s recently approved mega tower. Neighbouring Hanover House is also the subject of a high-rise application, while the next site along on Power St is also the subject of the 73-storey Freshwater 38 proposal.

BMW Australia CEO Mark-Heinrich Werner told the Australian Financial Review last month that BMW planned to lease back part of the site to secure a new look showroom as part of the sale.

CBRE real estate agent Mark Wizel said the project would help further enforce Southbank’s reputation as a destination of high quality high-rise development.

“Ultimately what investors are looking for is confidence and you couldn’t be more confident investing in the Southbank precinct,” he said.

“There is over $7 billion worth of public and private infrastructure investment within the future supply pipeline in Southbank through to 2021. This includes many commercial and mixed-use projects, which will add to the existing amenity of the area and will allow for more local jobs.”

What do think about another high-rise development on this block? Send your thoughts to news@southbanklocalnews.com.au

Stay in touch with Southbank. Subscribe to FREE monthly e-Newspaper.

You must be registered with Southbank Local News to be able to post comments.
To register, please click here.