The Catalfamo family have teamed up with Gurner to replace a large, low-rise Southbank hostel – which once housed the Eve nightclub – with a tall apartment building.
The proposed 42-story tower for the Urban Central site at 334-344 City Road would contain 400 apartments, a health and wellness center with a two-story gym, communal dining room, cinema and rooftop activated.
Its final value was estimated at $ 250 million.
The city of Melbourne will revise the plan.
If approved, the hostel’s demolition would take place this year.
The project would replace a concept authorized in 2016 for a 38-storey mixed-use building with 110 serviced apartments and 180 traditional apartments.
Central Urban Site
The 1,652-square-meter Urban Central site is owned by Calgem – with Tasman Meats founder Joe Catalfamo as co-director – who paid $ 4.5 million in 1999.
Six years ago, the plot was the subject of a 57-story skyscraper, so Mayor Robert Doyle called it “terrible”.
In 2014, the owner assigned the block to an 81-story complex with 600 units (story continues below).
The existing building rises five stories and is prominent from the adjacent West Gate Freeway.
Busy year for Gurner
Twelve months ago, Gurner received ministerial approval to replace the former City Mazda dealership near 2-28 Montague St and 80 Munro with a billion dollar multi-tower village containing 724 apartments. , including hotel suites.
In June, the developer unveiled plans for a mixed-use project with a Club Maison hotel and housing in Prahran.
Another hotel bearing this sign is available on the site of the former Cushion Lounge in St Kilda.
In March, Gurner acquired a stake in South Yarra’s Jam Factory.
“We are increasingly building a portfolio of larger mixed-use projects where we can integrate our wellness and concierge services as a longer-term game, and this project fits that model perfectly,” said the founder Tim Gurner.
âSouthbank is experiencing a kind of renaissance with an increasing number of restaurants, bars and entertainment districts while still offering proximity to the best areas of Melbourne’s CBD,â he added of the City Rd proposal.
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