A GEELONG landmark is making way for the city’s latest urban development as demolition crews raze the former Trans Otway terminal.
The landmark at 44 Ryrie St will disappear for the $150 million Geelong Quarter development, which includes the 180-room Geelong Holiday Inn & Suites, the Ryrie Residences apartments complex and a separate 10-storey office tower.
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The crew has been demolishing the site’s bold barrel-vaulted roof behind its late moderne style facade.
Developer Paul Franze said demolition work would continue until mid-March.
Mr Franze said Maxcon had been appointed as the Geelong Quarter builder.
The construction firm is currently working on The Mercer apartment building in Geelong.
Mr Franze said construction was expected to start on the Geelong Quarter in late April or early May and be completed by late 2020.
Meanwhile, more than 30 per cent of the Ryrie Residences apartments at the Geelong Quarter have sold.
Geelong agents Hodges are selling The Ryrie Residences, located on levels 11-14 and ranging in price from $785,000 to $2.539 million.