Coburg Hill & Surrounds

I have a few questions about Coburg Hill and surrounds.

Firstly what happened to the AIR development, did this fall through. Does anyone know exactly where it was going or is like to be.

I'm considering buying land or house & land in the Coburg Hill estate but don't want to be close to a high rise.

Also, does anyone know if there are any high rise plans for Coburg Hill. The master plan suggests that its all house / townhouse development.

Coburg hill seems to be a short stroll to the 119 tram which goes into the city & down Collins, anyone take this tram, how busy is it etc.