Jon Stanhope has announced that the Harrison and Franklin blocks on Flemington Road have been sold:
Spirited bidding by 15 registered parties has seen the sites sell for a total of $12.3 million.
Three of the sites permit the development of multi-unit housing, restaurants, shops and non-retail commercial uses, with the blocks ranging in size from 6,318 to 7,983sqm.
Block 2 Section 31 Franklin was sold to Zina Pty Ltd and Lem Pty Limited. The 3,531sqm site allows for the construction of up to 18 dwellings.
Block 2 Section 33 (7,612sqm) and Block 1 Section 122 (7,983sqm) Franklin were sold to M.P.K Investments Pty Ltd and Taofei (Australia) Pty Ltd respectively. These two sites allow for up to 100 and 105 dwellings on each. This is in addition to mixed-use on the ground floors.
Block 2 Section 95 Harrison (6,318sqm) allows for the construction of up to 83 dwellings was sold to II Developments JV Pty Ltd.
In total these four sites will allow up to 306 dwellings.