Cbus Property firms construction dates for its two premier projects

Cbus Property is set to kick off construction on arguably its two most prized Melbourne developments.

447 Collins Street has landed builder Brookfield Multiplex in an early contractor involvement role, with works to begin during September. Usurping 447 Collins Street with an August construction start will be Classic East Melbourne, with the ultra high-end residential development looking to take advantage of strong demand for luxury apartment living.

Prompting 447 Collins Street's move to construction is news that law firm King & Wood Mallesons will anchor the commercial aspect of the development by taking 8,300sqm or 20% of the 49,000sqm of leasable commercial space available. 

Collins Arch edges closer to reality

The development team will push for the project to become Melbourne's first WELL Building Standard-rated commercial tower. A WELL rating pertains to a given building's built environment health with behavior, operations and design taken into account. With a 2019 completion date set, King & Wood Mallesons staff will be among the many white collar workers within 447 Collins Street which will also sport extensive end of trip facilities.

With 447 Collins Street locked into construction Cbus Property and agent Colliers International will focus on leasing the balance of commercial space still available, whilst also preparing to launch the residential aspect of the project which will be known as Collins Arch. Marketing for the 205 luxury apartments will begin during September.

Meanwhile construction works are to commence next month on Cbus Property's Classic East Melbourne apartment project. The ultra-luxury development valued at $160 million is a joint venture with global property player Brookfield, finally realising plans to develop sites either side of the Pullman Hotel on East Melbourne's Wellington Parade.

Brookfield's entry into the Melbourne apartment market follows on from its acquisition of Thakral Holdings which initiated plans to develop the land holding the best part of a decade ago.

Mosspenoch and 22 Clarendon in view. Image: CBUS Property

Aimed squarely at the higher end buyer, apartments within the tri-building project will be priced between $1.4 million and $6.5 million.

Lovell Chen have devised apartments within the 1882 Mosspenoch building. Originally designed by Charles Webb, the grand home will now be refashioned into six three bedroom apartments of between 167 to 273sqm. Modern additions are by Bates Smart and take the form of a seven level building at 22 Clarendon Street and a fourteen level build dubbed Parade fronting Wellington Parade.

Dwellings within 22 Clarendon Street maintain average internals of over 200sqm whilst Parade with 49 apartments included, is topped with a garden penthouse holding 306sqm of internal living space.

Overall Classic East Melbourne will encompass 67 apartments with project completion set for early 2018.

Room with a view. Image: CBUS Property

Development & Planning

Tuesday, December 12, 2017 - 00:00
City of Port Phillip will this week indicate that it has sufficient reason to object to two pending projects in Port Melbourne. 17 Rocklea Drive and 365-391 Plummer Street are both within the Wirraway Precinct of Fishermans Bend, and both projects are under the authority of the Minister for Planning.

Policy, Culture & Opinion

Monday, November 20, 2017 - 12:00
The marriage of old and new can be a difficult process, particularly when the existing structure has intrinsic heritage value. In previous times Fitzroy's 237 Napier Street served as the home of furniture manufacturer C.F. Rojo and Sons. Taking root during 1887, Christobel Rojo oversaw operations though over time the site would become home to furniture manufacturer Thonet.

Visual Melbourne

Friday, August 25, 2017 - 07:00
The former site of John Batman's home, Batman's Hill is entering the final stages of its redevelopment. Collins Square's final tower has begun its skyward ascent, as has Lendlease's Melbourne Quarter Commercial and Residential precinct already. Melbourne Quarter's first stage is at construction and involves a new 12-storey home for consultancy firm Arup along with a skypark.


Transport & Design

Tuesday, December 12, 2017 - 12:00
When a site spans 19,280 square metres, it becomes a 'district'. That's the case according to the development team behind the Jam Factory's pending overhaul. Reporting on the project to date has focused on the close to 60,000 square metres of new commercial space that is earmarked for the site, but more importantly from a layperson's perspective is the extensive new public realm that is planned as part of the development.

Sustainability & Environment

Tuesday, October 24, 2017 - 12:00
Cbus Property's office development for Medibank at 720 Bourke Street in Docklands recently became the first Australian existing property to receive a WELL Certification, Gold Shell and Core rating. The WELL rating goes beyond sustainable building features with a greater focus on the health and well-being of a building's occupants.