HONG Kong buyers will be given the chance to invest in an historical building in central Melbourne which will undergo massive refurbishment to become a luxury residential apartment complex. Nearly 200 apartments will be built within the facade of the late-Victorian-era Grand Central Apartments, capitalising on a recent trend in major Australian cities to inner-urban living. Grand Central, which will be the first large residential development of its kind in Melbourne, is located on Spencer Street, close to the heart of the central business district. Developers Bluespure Pty Ltd and builders Prime Equity Group Ltd will create apartments ranging from A$99,000 (HK$495,000) for a one-bedroom apartment to $480,000 for a penthouse. The architects have produced a variety of floor plans with high ceilings on most levels and extensive use of mezzanines. Original details, such as the grand stairwell, ornate timber, moulded cornices, ceiling roses and tessellated tiles, will be retained. Bestprod Realty will market the building in Hong Kong on September 17.