Construction on a new $1.5 billion mixed-use development in Melbourne's CBD will commence in the coming months after Charter Hall was granted Development Approval for its project at 555 Collins Street.

Comprising 84,000 square metres of premium-grade office space and over 2,300 square metres of retail across two stages, the planned site is a collaboration between Charter Hall as developer and long-term owner, Cox Architecture and Gensler. 

The first tower, at 555 Collins Street, will comprise approximately 50,000 square metres across 34 levels and will accommodate up to 5,000 CBD workers when completed, providing tech-enabled workspaces, as well as health and wellness facilities.
 
The development’s ground plane has been curated to complement the existing amenity of the CBD’s midtown offering and provide a place of engagement for the building users and community.

This will include a ‘Market Hall’ and amphitheatre for tenant activations and events, as well as ‘third spaces’, that will provide flexible working space for our tenant customers.
 
The ground-level retail offering will provide convenience retail including allied health services and a diverse range of food and beverage options, from cafes to a signature restaurant.

Source: Charter Hall

A series of new connections throughout the site will create a unique Melbourne laneway experience, while also improving pedestrian flow from Collins Street through to Flinders Lane.
 
Charter Hall Regional Development Director Simon Stockfeld, Charter Hall’s Regional Development Director, said the project had been designed to put user experience first at all touchpoints throughout the building.

"Being both the developer and long-term owner allows us the unique opportunity to closely engage with our tenant customers on a regular basis to understand their evolving needs and expectations," he said.

"By putting them at the centre and encouraging an active partnership model, greater community, innovation and a better workday is ultimately created."

With three street frontages prominently placed on the corner of Collins and King Street, 555 Collins Street and the adjacent 55 King Street tower will create a new precinct adding to the burgeoning midtown zone, which has attracted more investment than any other part of the Melbourne CBD in recent times.
 
The building’s façade and sculptural form design will combine scale, light and rhythm, with the crystalline tower lighting up the city skyline at night. The stepped building form will also create a series of outdoor terraces designed to better connect occupants with the outdoors and environment around them, while taking in the city skyline views.
 
Demolition of the site at 555 Collins Street is currently well progressed and is to be completed imminently, with construction of the first building expected to commence in mid-2020.

Completion of the first stage is targeted for late 2022.

Click here for more information about the project.

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