PLANS for a luxury Toorak apartment complex with the features of a six-star hotel – including a live-in 24-hour concierge – have been abandoned, in what some are speculating is a sign of steam running out at Melbourne's top end.

Businessman Rodney Smorgon has quietly listed for sale what is now a vacant block at 4 Trawalla Avenue – the site of what was to have been “Trawalla” – a six unit complex with massive apartments up to 948 square metres, and priced from $5 million to $14 million.

Mr Smorgon announced plans for Trawalla six months ago, but he bought the elevated site in 2007, toward the peak of the property market boom, for a reported $8.5 million.

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