The vacant Department of Transport buildings in the heart of Walkerville look as though they will finally be transformed into 2 by 10 storey residential apartment and hotel buildings consisting of some 300 apartments and a 100 room boutique hotel.
The site was sold to Victorian developers last year for around $10 million, and it has been reported that they are going to spend $100 million transforming these early 1960's office buildings into modern contemporary style apartments. The site has some great attributes including fantastic views and a position within a very desirable suburb.
It's a pity that the Government didn't sell this site together with the adjoining site fronting to Walkerville Terrace (now a great big hole in the ground - apparently it was sold to different developers who are having financial problems), as car parking could be a real issue in the site's redevelopment.
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Damn I was hoping Buchan Lee was somehow involved with this redevelopment in order to have priority access to purchase an apartment...
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