AFR:
Toyota Australia has hitched its wagon to Melbourne’s boom in high-rise living with plans for a massive four-tower apartment project over its dealership just outside the CBD.
The proposed development – with more than 1000 apartments earmarked for residents and student accommodation – has taken a step forward, winning endorsement from Melbourne’s city council this week.
That backing will add weight to the plan which now goes to the state government for a final decision.
This has nice symbolism on two fronts: the substitution of manufacturing by specufesting and the simple contrarian observation that when vehicle assembly firms turn to specufesting then you are indeed at the top.
