The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Melbourne CBD

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Small business confidence and creative thinking by CBD landlords have driven a 235% increase in demand for small office space in Melbourne, says Colliers International.
The firm reported a year-on-year increase in demand for sub-300 square metre office suites in the Melbourne CBD.
“This accelerated demand highlights the strength in sentiment among small business owners,” Colliers International’s Milly Stockdale said.
“We received 748 enquiries for small suites over the past financial year FY 2017/2018, compared to 318 enquiries from FY 2016/2017. This equates to 2.3 times the demand, year on year.
“This demand has also flowed through to leasing activity, with Colliers International concluding over 100 deals for space under 300 square metres in Melbourne’s CBD year to date, compared to less than 70 at the same time last year.
“Over the next 12 months, there is only 115,000 square metres of new supply space and over 81,000 square metres of backfill space due to be added to the Melbourne CBD market. This means vacancy rates will continue to tighten, providing competitive tenant conditions.”
The lack of upcoming supply is causing tenants to commit to space to ensure that they don’t miss out on a quality address, it says.  
Strong population and job growth in Melbourne is supporting rental growth and a healthy environment for small businesses to expand.
In the recent deal, a2m Consulting secured its first CBD office, leasing 132 square metres at Suleman Group’s 470 Collins Street in a deal negotiated by Stockdale and colleague Brigitte Doupe. 
“Many iconic CBD buildings are choosing to execute a small suite strategy on vacant whole floors, due to the uptake in the market and effective net rental growth and minimal downtime,” Doupe said.
“Recent activity at 470 Collins Street – where we have negotiated 10 sub-400 square metres leasing deals in the last eight months – is a prime example of this.”
“This trend has also been recently demonstrated at 360 Collins Street, where Colliers International has secured 23 tenants under 400 square metres in the last 18 months for Dexus Property,” Colliers International’s Adam Davy said.
“This growth in demand can be attributed to several factors, including the strength in sentiment among small businesses, and the Melbourne economy supporting small business growth.”
Doupe said small businesses were jumping at the chance to secure CBD space which would see them benefit from easy access, quality of amenity and proximity to clients and stakeholders.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/28/151013_470_Collins_st_071.jpg" alt="">
Additional leases at 470 Collins Street have included:
-          Cherub Consulting (45.4 square metres)
-          Javadi (52.3 square metres)
-          Efex Group (40 square metres)
-          Endeavour Conultants (63.4 square metres)
-          Australian Institue of Engineering &amp; Technology (139.1 square metres)
-          Jaythorm (147.80 square metres)
-          United Almonds (100.4 square metres)
-          Austudy (209 square metres)
-          Egali (85 square metres)
-          Unify Solutions (96.4 square metres)
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j.ballantyne1990-6AQqhLzZaK

Demand for small office space in Melbourne CBD skyrockets 

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The Future Melbourne Committee has unanimously endorsed plans for the first new urban park in the Hoddle Grid since City Square was developed in 1980.
The Market Street public park is adjacent to Cbus Property and ISPT’s <a href="/expert-insights/investing/collins-arch-melbourne-signs-up-third-law-firm-office-tenants">Collins Arch development at 447 Collins Street</a> in the CBD’s western grid.
The new park will introduce 1,900 square metres of open space.
Collins Arch is set for completion late next year.
The Market Street park in 2020.
The City of Melbourne will decide on a name for the park at a future date.
Cbus Property is developing the park which will then be handed back to City of Melbourne for public use and management.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/19/Hoddle%202.jpg" alt="">
The new park will be connected to a further 1,750 square metres of publicly accessible and occupiable space within the Collins Arch development via a large amphitheater.
The total open space added to the block will be nearly 30 percent larger than the previous forecourt of <a href="/expert-insights/buying/cbus-secures-approval-for-its-447-collins-street-project">the National Mutual building</a> which was demolished despite its architectural merit.
It was among a handful of CBD buildings rejected by the state government for heritage protection as some regarded the 27-level building as a prime example of post-war International style. 
It is being designed by landscape architects Oculus, incorporating a collection of spaces, including a City Garden, Central Plaza, a Terrace and Northern Lawns.
Each space will create clear pedestrian connections via north-south links to public transport, the Northbank, as well as the broader precinct, including the Immigration Museum.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/19/Hoddle%203.jpg" alt="">
The creation of the park will see the western side of Market Street repurposed into public space, while the eastern side will be transformed to include a new bike lane.
The remainder of Market Street will become a single lane carriageway for southbound traffic and kerbside parking.
The $1 billion plus mixed-use Collins Arch development will include 49,000 square metres of premium-grade office space, 940 square metres of ground floor retail and a <a href="/expert-insights/investing/collins-arch-to-feature-melbourne-s-first-w-hotel">five-star W Hotel</a>, as well as 184 luxury apartments.
Pictured below is the now demolished National Mutual Building
<img src="https://www.urban.com.au/images/2018/9/19/Arches.JPG" alt="">
(source: Victoria State Library)
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Collins Arch garden plans revealed for Market Street

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The Reserve Bank of Australia has sold its Collins Street, Melbourne HQ for a reported $160 million.
The Australian Financial Review have suggested the buyer its Dexus, the country's largest listed landlord.
In April the RBA quietly called for tenders to sell the 15 storey tower in which the Bank occupied only 10 percent of. They had the 300 sqm space on the top floor of 60 Collins Street.
The other 12,000 sqm of lettable space was fully tenanted.
The building contains a high security strongroom vault used for storing gold bullion and exchanging bank notes which has now been transferred to a newly built facility the bank’s note printing works in Craigieburn on the Hume Freeway on Melbourne’s outskirts.
The RBA were reported to have expected to find a buyer in the region of $100 million, but saw Dexus an opportunity to also secure the 11 storey office tower next door for around $70 million.
The adjacent building at 52 Collins is owned by Marks Henderson Funds Management. 
Dexus proposes to consolidate the two sites at 52 and 60 Collins Street across circa 2,000 square metres and in the medium term activate a prime grade office development to create a total of circa 35,000 square metres of space, subject to planning approval.
Darren Steinberg, Dexus CEO said the acquisitions provide it with a presence in the tightly held ‘Paris end’ of Collins Street in the Melbourne CBD.
"They also present us with a unique opportunity to undertake an office development creating long term value for investors in the next supply cycle, in a prime location where we receive significant enquiry from our customer base.”
60 Collins Street is a 13,817 square metre B-grade office building, located on a 1,357 square metre site on the prime corner of Collins and Exhibition Streets in the Eastern Core of the Melbourne CBD.
The office space is 100% occupied with a weighted average lease expiry on settlement of 2.6 years.
Settlement is expected to occur by end of October 2018.
52 Collins Street is a 3,454 square metre B-grade office building, located on a 587 square metre site adjoining 60 Collins Street.
The property is 100% occupied with an expected weighted average lease expiry on settlement of 3.5 years.
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jonathanchancellor-7SQnKwU6yx

RBA sells Melbourne HQ for $160 million

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Having already covered Spencer Street and Chapel Street, Apartments.com.au today focuses on the construction occurring along what is arguably Melbourne CBD's premier street - Collins Street - and its future development pipeline.

Stretching approximately 3km from Spring Street to Docklands, Collins Street currently has nine projects either approved or under construction, with the greatest concentration located towards the western end of the CBD at the threshold between the Hoddle Grid and Docklands.

These projects are illustrated in the diagram below, with each covered in more detail below.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/collins_street_progress.png" rel="gallery-all" title="Highlighting development along Melbourne's Collins Street. "><img alt="" class="image-article-full-width-580px" height="252" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/collins_street_progress.png?itok=HN-NORoe" title="Highlighting development along Melbourne's Collins Street. " width="580"></a>

<figcaption>Highlighting development along Melbourne's Collins Street.</figcaption></figure><h2><a href="/developments/docklands-vic-3008">839 Collins Street</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/839-3.jpg" rel="gallery-all" title="839 Collins Street. Render: Lendlease "><img alt="" class="image-article-full-width-580px" height="337" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/839-3.jpg?itok=lgxebI_v" title="839 Collins Street. Render: Lendlease " width="580"></a>

<figcaption>839 Collins Street. Render: Lendlease</figcaption></figure>The new 21-storey building for ANZ has topped out for some time with facade installation progressing externally and interior fit-out works having commenced. 

Designed by Denton Corker Marshall, 839 Collins Street represents the final commercial building to be constructed within Lendlease's Victoria Harbour development. 

The developer's focus now shifts to the Collins Wharf sub-precinct, extending along the length of the peninsula towards the Bolte Bridge.

<h2><a href="/developments/docklands-vic-3008">Two Melbourne Quarter - 697 Collins Street</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/2mq_sep18.jpg" rel="gallery-all" title="Two Melbourne Quarter. Render: Lendlease"><img alt="" class="image-article-full-width-580px" height="357" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/2mq_sep18.jpg?itok=5RV0pKzc" title="Two Melbourne Quarter. Render: Lendlease" width="580"></a>

<figcaption>Two Melbourne Quarter. Render: Lendlease</figcaption></figure>With the finishing touches being applied to One Melbourne Quarter, Lendlease has now turned its focus towards Two Melbourne Quarter. Construction has commenced on the next 25-storey office tower designed by Woods Bagot.

Energy Australia will occupy 12-storeys within the tower, accounting for 22,000 sqm of the 50,000 sqm NLA office space. Completion is expected during 2020.

<h2>Melbourne Quarter Tower - 681 Collins Street</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/melbourne_quarter_tower_question_mark.jpg" rel="gallery-all" title="Melbourne Quarter Tower is due for a redesign. "><img alt="" class="image-article-full-width-580px" height="386" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/melbourne_quarter_tower_question_mark.jpg?itok=C2oI2Lh-" title="Melbourne Quarter Tower is due for a redesign. " width="580"></a>

<figcaption>Melbourne Quarter Tower is due for a redesign.</figcaption></figure>Following planning approval, speculation is rife that Melbourne Quarter Tower is currently undergoing redesign, with a new architect inheriting design responsibilities for Melbourne Quarter's tallest office building.

The current permit allows for the construction of a 28-storey office tower of 55,000 sqm NLA.

<h2><a href="/buildings/582-606-collins-street-melbourne">The Residences at Mandarin Oriental Melbourne - 600 Collins Street</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/zha_mandarin_oriental.jpg" rel="gallery-all" title="Landream's 54-storey tower will include a 194-key hotel, operated by Mandarin Oriental. Images: Zaha Hadid Architects"><img alt="" class="image-article-full-width-580px" height="252" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/zha_mandarin_oriental.jpg?itok=zMEOKUkW" title="Landream's 54-storey tower will include a 194-key hotel, operated by Mandarin Oriental. Images: Zaha Hadid Architects" width="580"></a>

<figcaption>Landream's 54-storey tower will include a 194-key hotel, operated by Mandarin Oriental. Images: Zaha Hadid Architects</figcaption></figure>Owners Landream last year announced that they had signed on Mandarin Oriental to operate the hotel component of their $852 mullion development designed by Zaha Hadid Architects in partnership with Plus Architecture.

Mandarin Oriental will occupy levels 6 to 24 which exuates to 196 guest suites. Though no firm start date has been confirmed although a tentative completion date of 2023 has been previously floated.

Landream secured the site for $60m in 2015 from the Henkell Brothers.

<h2><a href="/developments/melbourne-vic-3000">555 Collins Street</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/555-collins-street_article.jpg" rel="gallery-all" title="Fragrance Group's 555 Collins Street is set for a start with demolition not far off. Images: Bates Smart"><img alt="" class="image-article-full-width-580px" height="272" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/555-collins-street_article.jpg?itok=8d3z4gLi" title="Fragrance Group's 555 Collins Street is set for a start with demolition not far off. Images: Bates Smart" width="580"></a>

<figcaption>Fragrance Group's 555 Collins Street is set for a start with demolition not far off. Images: Bates Smart</figcaption></figure>The current Enterprise House on site has a date with the wrecking ball, with demolition expected to get underway this month to allow for the construction of Fragrance Group's 47-storey tower.

Designed by Bates Smart, the pleated building rises from a truncated base which allows for the provision of a pedestrian plaza and improved pedestrian circulation through the site and around to King Street. 

<h2><a href="/developments/melbourne-vic-3000">Olderfleet - 477 Collins Street</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/olderfleet_sep18.jpg" rel="gallery-all" title="477 Collins Street aka Olderfleet. Render: Mirvac"><img alt="" class="image-article-full-width-580px" height="413" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/olderfleet_sep18.jpg?itok=Vo4NjraU" title="477 Collins Street aka Olderfleet. Render: Mirvac" width="580"></a>

<figcaption>477 Collins Street aka Olderfleet. Render: Mirvac</figcaption></figure>Mirvac recently announced that it had signed global law firm Norton Rose Fulbright, who will join anchor tenant Deloitte in the Grimshaw-designed tower currently under construction. 

Norton Rose Fulbright will occupy the top floors, committing to 5,100 sqm on levels 35 to 38.

Upon completion Olderfleet will be provide 38 storeys of Premium Grade office space. The project will also include the restoration of the historic Olderfleet Buildings which will link to the new tower via an expansive 30 metre high atrium.

<h2><a href="/buildings/collins-house-melbourne-460-466-collins-street-melbourne">Collins House - 466 Collins Street</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/collins_house_aug18.jpg" rel="gallery-all" title="Collins House appearing perpetually complete. Images: Golden Age | Urban.com.au member redden"><img alt="" class="image-article-full-width-580px" height="276" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/collins_house_aug18.jpg?itok=IBEJYzdR" title="Collins House appearing perpetually complete. Images: Golden Age | Urban.com.au member redden" width="580"></a>

<figcaption>Collins House appearing perpetually complete. Images: Golden Age | Apartments.com.au member redden</figcaption></figure>Golden Age and Asia Pacific Group's Collins House is quickly rising however you could be forgiven for thinking it was completed, such is the manner of construction. Set to become the slimmest tower in Australia with 271 apartments across 60 storeys, the Bates Smart-designed building cantilevers 4.5m over the neighbouring building.

In dealing with such a constrained site, builder Hickory employed conventional formwork up to level 14, with the remainder of the tower being constructed with prefabricated modules. By utilising its HBS construction method, Hickory are able to service the project via a single tower crane, with major elements fabricated off-site and then assembled on-site.

This has resulted in a 30% reduction in the overall construction programme expected to last 29 months, with completion in September 2019.

<h2><a href="/buildings/collins-arch-447-collins-street-melbourne">Collins Arch - 447 Collins Street</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/collins_arch_rcp_aus.jpg" rel="gallery-all" title="Progress at Collins Arch is picking up. Images: Cbus Property | RCP Australia"><img alt="" class="image-article-full-width-580px" height="370" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/collins_arch_rcp_aus.jpg?itok=LIDPj54O" title="Progress at Collins Arch is picking up. Images: Cbus Property | RCP Australia" width="580"></a>

<figcaption>Progress at Collins Arch is picking up. Images: Cbus Property | RCP Australia</figcaption></figure>As reported on <a href="/news/all-good-and-well-for-447-collins-street">Urban.com.au last week</a>, the commercial component of Collins Arch recently received a platinum level WELL Precertification. 

The twin-tower development which is linked via a tapered skybridge will ultimately deliver 50,000 sqm of premium grade office space, a W Hotel-branded 5-star hotel with 294 rooms, 1,000 sqm of high end retail and 185 apartments.

2,000 sqm of public open space will also be delivered as a part of the development via partial closure of Market Street, upon completion in 2020.

<h2><a href="/developments/melbourne-vic-3000">80 Collins Street</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/80_collins_rcp_aus.jpg" rel="gallery-all" title="The first of 80 Collins Street's glazing has been installed. Images: Scharp | RCP Australia"><img alt="" class="image-article-full-width-580px" height="388" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/80_collins_rcp_aus.jpg?itok=X4r-DR-J" title="The first of 80 Collins Street's glazing has been installed. Images: Scharp | RCP Australia" width="580"></a>

<figcaption>The first of 80 Collins Street's glazing has been installed. Images: Scharp | RCP Australia</figcaption></figure>QIC Golbal Real Estate's office development at 80 Collins Street is flying up, with Multiplex at the helm of the steel framed structure. With the 12 metre cantilever now complete the first signs of glazing have begun to emerge on the third Woods Bagot design on the list.

The project includes extensive retail to Collins and Exhibition Streets, with a NEXT branded hotel designed by UN Studio located on Little Collins Street due for completion late next year.

80 Collins Street will also include an Australian-first with double-decker lifts servicing the 39 storey office tower.

<h2>60 Collins Street</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/60_collins.jpg" rel="gallery-all" title="Watch this space... 60 Collins Street. Image: realcommercial"><img alt="" class="image-article-full-width-580px" height="591" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/60_collins.jpg?itok=Kw5LhziQ" title="Watch this space... 60 Collins Street. Image: realcommercial" width="580"></a>

<figcaption>Watch this space... 60 Collins Street. Image: realcommercial</figcaption></figure>Not a construction project as such but one to keep an eye out for according to sources within the industry. The Reserve Bank of Australia are looking to sell the 15 storey building on the corner of Collins and Exhibition Streets after vacating it.

60 Collins Street will form the basis of its own article in a similar vein to this study on <a href="/news/development-scenario-140-150-queen-street-redux">140-150 Queen Street</a>.
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Laurence Dragomir

Melbourne's Collins Street continues to soar as construction heats up

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Adjoining Melbourne buildings at 187 and 189 King Street have been sold to investors.
They went for $4.89 million and $5.32 million respectively.
Both were sold by private families who had used the properties for restaurant businesses.
The 187 King Street premises was double a-storey building on 187 square metres of land, sold fully leased to Hanabishi Japanese restaurant.
The double-storey building on the 186 square metre site at 189 King was sold vacant possession.
Generational changes of ownership prompted both sales, CBRE's Alex Brierley advised.
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Hanabishi Japanese restaurant Melbourne premises fetch $4.89 million

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An unnamed 59 square metre lane in the Melbourne CBD had been sold for $600,000.
Its recent offering attracted interest from more than 100 potential buyers, the Herald Sun reported.
The<a href="https://www.realcommercial.com.au/property-land+development-vic-melbourne-502793878" target="_blank"> unnamed lane</a> runs off another laneway between Little Bourke and Lonsdale Streets.
Its future remains a mystery.
It was speculated during its selling campaign that the rare 59 square metre piece of CBD land could be transformed into a retail space, car parking, or a staple of Melbourne’s colourful lanes: a trendy, hard-to-find bar.
The property is zoned Capital City Zone 1 (CCZ1) allowing for a variety of uses including retail/hospitality, office and residential in a high foot traffic precinct.
Peter Lechte’s family had owned the laneway for 70 years until its sale through Colliers International Victoria selling agent Chris Ling.
The rare offering, that sits just off Niagara Lane, sold two weeks before its expressions of interest campaign was due to close.
The property had belonged to the Lechtes since 1948, when Alan Lechte bought it along with the nearby St Francis Hotel and several warehouses.
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Nameless Melbourne CBD lane sold with future use a mystery

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The syndicate headed by the Melbourne restaurateur Guy Grossi has secured around $7.25 million for the Bottega restaurant premises.
The unconfirmed deal for the Bourke Street premises was struck on an estimated 2.9 per cent yield.
The selling price was well above the initial $5 million-plus expectations when it was listed for sale last month.
More than 250 parties inspected the premises, with 15 formal offers, including three parties who travelled from Asia to inspect the property.
The Melbourne CBD building housing Italian restaurant Bottega offered a 254sq m floorplan and 198sq m landholding.
Savills Australia agents Clinton Baxter, Nick Peden and Benson Zhou were selling the property via an expressions of interest campaign.
Marketing it as an “extremely rare CBD freehold investment” with the restaurant recently extending its lease to paying “a modest rental” of $211,940 per year.
Bottega is run by restaurateur Denis Lucey.
Grossi owns the 1880s-built two-storey building with his wife Melissa, sister along with business partner Liz Rodriguez and her husband, Grossi executive chef Chris Rodriguez. 
Grossi, a judge on My Kitchen Rules, and his partners paid $2.375 million in late 2001 for <a href="https://www.realcommercial.com.au/property-retail-vic-melbourne-502772874" target="_blank">72-74 Bourke Street</a>.
Savills Australia agent Clinton Baxter told the Herald Sun the buyer was a local private investor with other CBD property holdings.
“The scarcity of Melbourne CBD properties on the market, particularly below $10 million, is … resulting in significant pent-up demand,” he said.
 
 
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Guy Grossi syndicate sells Bottega restaurant premises 

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The Reserve Bank of Australia has quietly called for tenders from real estate agents to sell its Melbourne offices.
It is a B-grade, 15-storey tower on the corner of Collins and Exhibition streets.
No agency has yet been chosen, Fairfax Media reported.
The Bank now occupies only 10% of the building.
Reserve Bank staff occupy about 300 square metres on the top floor of 60 Collins Street.
All tenants in the building occupying the remainder of the 12,000 square metres of lettable space have been notified in writing of the forthcoming sale.
The building contains a high security strongroom vault used for storing gold bullion and exchanging bank notes which has now been transferred to a newly built facility the bank’s note printing works in Craigieburn on the Hume Freeway on Melbourne’s outskirts.
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jrobinson-rf4aSBido9

RBA looking to offload Melbourne office

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Multiplex, a leading global contractor, has reached a major construction milestone Topping Out the fifth and final commercial office tower that will complete Walker Corporation’s $2.5 billion landmark Collins Square development located at 727 Collins Street in Melbourne CBD.
The $126 million tower spans 33-levels and is 117 metres high. It will provide a total net lettable area of approximately 40,000 square metres of commercial office space.
Designed by high-profile architects Woods Bagot, the fifth tower will feature high quality office space with an architectural curtain wall façade to provide a light-filled spacious entry and public circulation space.
“We are delighted to reach Topping Out stage at Tower 5, bringing us one step closer to the completion of Collins Square,” said Graham Cottam, Regional Managing Director of Multiplex Victoria.
“The smooth delivery of this substantial project is a reflection of our on-going collaboration with Walker Corporation, which will see Multiplex delivering four of the five towers upon completion of the entire precinct.”
According to Multiplex, some 450 people have worked on-site to date, with a total of 22,000 cubic metres of concrete used to get the final tower to its 33-level height. Completion is on track for October, 2018.
Collins Square is one of the largest commercial office developments in Australia. Spanning an entire city block, it consists of five commercial office buildings providing a combined total of more than 200,000 square metres of net lettable area.
The Collins Square development has a Green Star Design and As Built v3 Rating as well as NABERS Energy 5 Star Rating due to its use of a Tri-Generation system for producing power; along with the rainwater harvesting system and water efficient fixtures and fittings.
Multiplex has completed a number of commercial projects across Melbourne over the past few years including Cbus Properties Medibank office at 720 Bourke Street, National Australia Bank building at 700 Bourke Street and Queensland Investment Corporations development in Collins Street.
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Multiplex tops out final commercial office tower at Collins Square

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A Little Collins Street space in Melbourne’s CBD has attracted strong demand from a range of operators. 
Fitzroys agent Terence Yeh leased the 38 sqm Shop 3, 188 Little Collins Street to Little Temperance café on a 5+5-year deal at $90,000 per annum net, with 4% annual increases. 
Yeh said the typical rate for a similar space would be around $1,800 per sqm, but a rate of $2,368 per sqm was achieved. 
“More than 60 enquiries were received from hospitality, fashion and service retail operators, looking to capitalise on the CBD worker population and the rapidly growing residential catchment in central Melbourne,” he said. 
Yeh negotiated the deal on behalf of a private investor. 
<img src="https://www.urban.com.au/images/2018/2/26/P1160019.JPG" alt="">
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