THE consortium that developed St Kilda Road’s luxurious Lucient apartment tower, has decided to sell, rather than develop, a prominent Southbank property.
 
Boutique architect firm Lustig & Moar, and Macquarie Real Estate Capital can expect to make about $14 million from the sale of prominent triangle shaped development site which abuts almost 100 metres of the busy off ramp between the West Gate Freeway and Kings Way.
 
The 42 – 48 Balston Street property will be sold with a development permit for a unique 37-level, 306-unit apartment complex. 

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