It is now a concrete lined pit in the ground with I suppose high end apartments being built.
Oh yes, the new building will be called Opera. How good did we do, buying in the cheap seats in an expensive street. But still the media describes our building as being exclusive, mostly to do with having a government senator living here, the former bearded media person. Although there is a bit more to it than that. The apartments in our building are big, whether one, two or three bedroom and three bedrooms dominate by numbers. Foolishly some 3 bedders have only one car space. Each floor has a large public area and it is certainly not a rabbit warren of narrow passageways as many are. Trying to being unbiased, ours is a really good building of its time and relatively cheap to buy into compared to the new buildings in the street.
The nearby formerly Charsfield Hotel had is being redeveloped too, with what I think are early 20th century additions being demolished and more highrise apartments built. At least the original late Victorian building is being kept. The parallel Queens Road has apartments going up left right and centre, mostly replacing nasty 1960s buildings. Who will live in all these apartments? Think of it as ladder where people rise and fall on the ladder, and at the moment people are rising on the ladder because of our high immigration, but as anyone who lives in Sydney or Melbourne knows, that has come with huge problems and a reduction in our quality of life.