Sturt St up for sale

As one approved permit for an 18-storey tower at 135 Sturt St was sold to a new developer last month, another 18-storey permit at 153 Sturt St was put on the market.

The Australian reported last month that local architect Hayball sold its permit to renowned local developer Evolve Development for a figure reported to be “in the mid to high $20 million range.”

Evolve Development is well known locally for the 21-storey Guilfoyle apartments on Coventry St and is now also in the process of delivering The Botanic, also on Coventry St. Evolve Development did not respond to Southbank Local News for comment.

Meanwhile, Hayball’s neighbouring architect Rothelowman, which won approval for its 18-storey tower at 153 Sturt St at the Victorian Civil and Administrative Tribunal (VCAT) in July, is also selling its permit.

Colliers International, who also managed Hayball’s sale, is marketing the project with expressions of interest closing on October 25.

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