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    • St Moritz a welcome starter in quiet times

      30/05/2019 | Project Announcements

      Rich Lister's $550m St Kilda Development Due To Commence in 2019

       

      In an environment where more projects seem to be 'topping-out' than 'breaking ground', confirmation that Tim Gurner's $550m St Moritz development in St Kilda is due to commence in 2019 is welcome from the industry. The redevelopment of the former Novotel site will feature 3 buildings and amenities such as a bar, communal library, art gallery, gym and aquatic services.

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      In an uncertain market this is further evidence that there is still demand for premium developments in the right locations with most of the development pre-sold. A builder will be announced soon with development to commence in late 2019 and due for completion by the end of 2021. 

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