Miami-based SH Communities is revising a master plan to develop 257 acres of wooded land in Melbourne.
An affiliate of SH bought the land for $13 million in 2005, and in 2006, the City of Melbourne approved the company’s proposal to develop 1,381 single-family homes, villas and townhouses spread across 14 mini-neighborhoods.
But that development, called Mayfair Isles, never advanced after the real estate market crashed in 2007.
City council members unanimously agreed in April to consider rezoning the land and terminating agreements with SH related to the Mayfair Isles project.
The 257-acre tract is east of Babcock Street, south of Florida Avenue, west of Lipscomb Street and north of Pirate Lane. The land, wedged between Palm Bay High School and Melbourne Central Catholic High School, is among the biggest remaining wooded tracts in Melbourne.
Phil Nohrr, a Melbourne attorney for the developer, told city council members that the revised SH master plan will be a catalyst for growth in southern Melbourne
The Savills CBD & Metropolitan Sales Team is delighted to offer this exceptional inner city showroom / warehouse located at 10 Reeves Street, Clifton Hill. This property presents a great opportunity for investors or owner-occupiers to secure an exceptional property in one of Melbourne's most tightly held suburbs on the fringe of the Melbourne CBD.
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Corner site less than .5km from the Robinsons Road/Western Freeway full diamond interchange. Located in one of Australia's fastest growing industrial areas, approximately 15 minutes from Melbourne CBD, enjoy the benefits of an exemplary location and unparalleled access.- Total site area: 4,985sqm- Corner location, .5km from the freeway- 131 metres frontage- Zoned Industrial 1 (IN1Z)- Short term income available
This significant industrial facility located in arguably the most desirable location in Melbourne’s east on Centre Road with immediate access to Princes Highway/Dandenong Road and only 19km from the Melbourne CBD (approx.).The property comprises a superbly maintained cool room/freezer distribution facility boasting 18 insulated loading docks and significant hardstand. The property also includes a comprehensive racking system both automated and freestanding along with functional office accommodation.
The site is positioned in a small but tightly held commercial/industrial pocket in Melbourne’s North, surrounded by a large residential catchment and within close proximity to the Westfield Plenty Valley shopping centre and Mill Park’s retail/bulky goods establishments. Its location provides outstanding access to Plenty and McDonalds Roads, and is approximately 4km from the Plenty Road/Metropolitan Ring Road full diamond freeway interchange.This well-appointed office warehouse facility will be sure to tick all of the boxes