ICON TO DANCE AWAY

Icon Constructions has decided to part with the Fitzroy building once considered home to Melbourne’s Latin American community. The office and retail complex in Johnston Street is within the walls of former Latin music club The Bullring, which closed in 2004. Coles supermarket is the major tenant at the new development, occupying what was once The Bullring’s dance floor. The development also includes 136 car parking bays, and 600 square metres of office space in two office suites. Vinci Carbone Property directors Joseph Carbone and Frank Vinci, who are marketing the property, declined to comment. At its peak, The Bullring held dance classes that were reported to have attracted crowds of up to 500 people. The Bullring was owned by restaurateur George Haddad, who sold the property to developer Icon about a year ago, after obtaining permits for the redevelopment. Inside property sources speculate the Fitzroy property could sell for about $20 million as an investment.