New St Kilda Complex

The prominent St Kilda site that for years accommodated popular retailers Vasiliki Lobster Shop and Earls Hardware is being rebuilt as a five-level, 72-unit apartment complex, Luna (pictured above).

The ground-floor retail components of the $45 million Elenberg Fraser-designed building are now being sold or leased. The largest available space, measuring 230 square meters and targeting restaurants, can be yours for $2.5 million.

The Buxton Group paid a speculated $7.5 million for the 1000-square-meter site about a year ago. At the south-west corner of Barkly and Belford streets, Luna is due for completion in July 2012.