A “village” of five large towers is expected to be built on the former Australia Post site in West Melbourne.
The 9200m² site has been acquired by Trenerry Property Group P/L for around $40 million in a sale brokered by Knight Frank’s Langton McHarg.
Director Robert DiCintio confirmed Trenerry Property Group planned to start marketing the project early next year, subject to gaining planning approval.
The plans, designed by architects Rothelowman, include a village of five large towers of between six and 19 storeys and provide 501 apartments, 11 retail spaces and 396 car spaces end value of about $300 million.
Mr DiCintio said Trenerry was considering introducing a hotel into the development and substantially boosting the retail elements.