The centrepiece of Lendlease’s major urban renewal project, Melbourne Quarter Tower, will begin construction in the coming months, having secured state government planning approval.
The tower, originally proposed with 26 storeys, was upscaled in April to accommodate Melbourne’s tight office market, and will now reach over 165 metres, with 34 floors. The building’s projected worth upon completion is $1 billion.
Melbourne Quarter, located in the Batmans Hill precinct of Docklands, is an ambitious attempt by Lendlease to drive traffic into the area. When complete, its three office towers will host up to 14,000 workers.
Architectural firm Woods Bagot were engaged by Lendlease earlier this year to redesign the tower, originally provided by Denton Corker Marshall.
The upscale was endorsed by the City of Melbourne in April this year, with councillors voting unanimously in favour of changes.
The building’s new design features modified floor plates and updates to the glass facade.
Other changes to the building include the reduction in size of a laneway to the tower’s east, the removal of a public “Sky Room” and removal of a planned child care facility.
The building’s increased capacity is reflective of the growing demand for office space in Melbourne’s CBD, with the current vacancy rate hovering around 3 per cent.
The first tower in the development, One Melbourne Quarter, is now fully leased and more than half of tower two has been committed to tenants, including Energy Australia.
Upon completion, the $2.9 billion development will comprise three office buildings, apartment towers and 7000 square metres of technology-enabled green spaces and parks, including elevated public garden Sky Park, which opened in February this year.
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