As the industry slowly begins to crank up for a big 2019, one of the big news stories for the year actually broke in late 2018 just as we were all winding down for the holiday period.
Just prior to Christmas, Cbus Property submitted an application for a 55-level office tower comprising approximately 64,500 sqm of premium grade office space at 435 Bourke St, on the corner of Bourke and Queen streets.
Designed by Bates Smart, the office tower supersedes two separate development proposals spanning 140 Queen St and 150 Queen St – better known as the Tower Melbourne site – and the subject of protracted legal proceedings between the owners of the properties.
The design of the tower is characterised by its streamline sculptural form, expressed as four vertical segments with a slight twist to allow for solar access and capped with a sloped roof profile to respond to overshadowing controls along the Yarra’s Northbank.
Culminating in a 200 sqm sky terrace on level 53, 435 Bourke St will feature six different landscaped terraces throughout providing workers with areas of respite and social interaction.
According to Cbus Property, pending planning approval, it intends to launch 435 Bourke St to market early this year with construction expected to start in 2019.
As mentioned in the final column for 2018, 2019 shapes as a big year particularly on the commercial office front with a host of large-scale planning applications expected to be submitted for approval. These include adjoining sites at 55 King and 555 Collins St, 60 Collins St and 383 LaTrobe St to name a few.
In the meantime, this year should see the topping out of significant projects around the Hoddle Grid such as Stage 1 of Wesley Place, 80 Collins St, Collins Arch, Collins House and Olderfleet.