Steller’s latest purchase; the former Greyhound Hotel site in St Kilda
Steller has recently purchased the former site of the Greyhound Hotel in St Kilda for $7.5 million with plans to develop it into a seven-level mixed-use project comprising 37 apartments and two retail spaces. The latest acquisition of the 911-square-metre corner site on Brighton Road follows Steller’s recent purchase of a large warehouse in South Melbourne for $23.4 million in October and 2400sq metre commercial site in Elsternwick in June. Steller currently has over 1,000 apartments under construction with a total future pipeline in excess of $3.5 billion. Busy but exciting times ahead!