Former Victorian premier Jeff Kennett has savaged developer Caydon's $1 billion high-rise proposal for the historic Nylex silos alongside Melbourne's Yarra River calling it "an overdeveloped, underdesigned monster".
Mr Kennett, who works from an office nearby, is leading a Melbourne establishment backlash to Caydon's plans to build a series of high-rise towers on the 1.4 hectare former Richmond Maltings site in Cremorne, famous for its concrete silos and Nylex Plastics sign.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
