Developers at the rear of a proposed $350 million revamp of legendary former Kilkenny Inn are “considering their options” following the distinguished corner web page strike the marketplace.

Melbourne-centered developer and builder Hickory has introduced its intention in trying to find a prospective financial investment partner or purchaser “to share the vision” of the historic web page at the corner of King and Lonsdale streets.

The website secured organizing amended acceptance in 2022 and has considering that been through demolition right after fire tore through the developing on May 24 past 12 months.

The City of Melbourne endorsed programs in 2021 for an 80-metre business office and retail tower behind the three-storey 1915-built Kilkenny Inn.

The building’s façade was kept in the course of demolition to “unlock the project’s true progress prospective, offering earth course amenity and landscaped terraces on multiple floors,” according to Hickory.

Business actual estate agent Cushman and Wakefield is major the revenue marketing campaign for 580 Lonsdale St, with its intercontinental director and co-head of expense gross sales Oliver Hay predicting it would generate sizeable levels of competition.

“We are getting into a exceptional time in the Melbourne CBD with the offer of developable land becoming significantly restricted, coupled with tightening planning controls, as time goes on corner web sites of this scale will come to be pretty much non-existent,” he stated.


Offered the amenity characteristics in this place as effectively our latest population progress rate and housing undersupply, we hope powerful fascination from luxury household and multi-household sectors as well as tourism and business sectors.


Asked why Hickory was selecting to place the web site on the market place, Mr Hay explained, they were being “open to all options”.

“It’s been a hotly contested site they’ve been approached quite a few situations so they’re contemplating their solutions.”

The site’s “flexible zoning” allows for several takes advantage of within just many asset courses, such as household, college student accommodation and lodge solutions. 



Hickory CEO Michael Argyrou explained the enterprise was fully commited to revitalising the precinct with jobs these kinds of as 570 Tiny Bourke St in joint venture partnership with Maxcap and Argo Team, ICD Property’s Aspire tower at 299 King St, and Melbourne’s initial Meriton Suites Resort at 140 King St below way.

“We see the eyesight of transforming this pocket of Melbourne’s CBD and are pleased to be section of this precinct’s vibrant evolution, building far better places for long term communities,” Mr Argyrou reported.

The building at 580 Lonsdale St is recognised for its architectural significance, with the website also situated within just the Town of Melbourne’s heritage overlay. •


Caption: An artist’s impact of the proposed redevelopment of the former Kilkenny Inn.

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