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Melbourne's inner city, already set to benefit from the $1.7 billion Melbourne Arts Precinct Transformation Project in 2028, will receive another boost to tourism with the announcement that diversified property developer Time & Place, along with joint venture partners MaxCap Group, and Australia's TFE Hotels, will open a $150m boutique hotel in Southbank in September 2025.
Housing developments belonging to Jean Nassif's failed Toplace property empire are poised to be sold as major lenders seek to recoup losses, leaving thousands of Sydney homeowners worried.
The ‘worst fears’ of owners are that there will be no money left to fix millions of dollars worth of defects on Toplace developments.
Developer Central Element and equity partner MaxCap Group intend to transform Sydney’s former Hyde Park Inn
To be designed by renowned architects, Murcutt Candalepas, the project will include the creation of 42 residential apartments, many of which will offer panoramic views of the park and over the Royal Botanic Gardens to Sydney Harbour. Additionally, the development will feature exclusive hospitality spaces and a range of lifestyle-enhancing amenities.