By Laurence Drogomir
It has been a big month on the construction front, with a number of projects achieving key milestones across the CBD.
ISPT Property and Brookfield’s office development at 405 Bourke St officially started construction, with the pouring of the raft slab by builder Multiplex. The 39-storey steel-framed tower is due to be completed in March, 2021.
Meanwhile, Probuild constructions has topped out 271 Spring St for ISPT while also handing over apartments at Avant to World Class Land and the first apartments at Aurora Melbourne Central to UEM Sunrise, as construction continues. The 85-storey tower’s core is due to top out by the end of the month, with final completion slated for late 2019.
A number of key hotel projects are also set to get underway with demolition commencing onsite to allow for the construction of the 30-storey Quincy Hotel at 33 King St, and the 33-storey Hyatt Centric on Downie St.
Last month, City of Melbourne’s Future (Planning) Committee endorsed plans for a new 1900 sqm park to be located on Market St as part of the Collins Arch development.
The new as-yet to be named park, will feature large lawn areas, wide bluestone paths, new seating, space for programmed events and improved pedestrian access. The new park will also feature a wide variety of trees and water sensitive urban design to reduce stormwater runoff.
And finally, Dexus appears to be on the verge of creating a large development site spanning 52-60 Collins after outlaying $160 million to acquire the Reserve Bank of Australia building on the corner of Collins and Exhibition streets.
It also has its sights set on the neighbouring 11-storey office tower at 52 Collins St, which rises behind the historic former Melville House.