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COMMERCIAL | News & Discussion, Concepts & Unbuilt Projects

Mark Baljak's picture
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Docklands threat to CBD
March 29, 2013

Docklands poses a clear risk to the central business district's office vacancy rate, CBRE research suggests.

Harbourside development on the western edge of the city has been the engine room for growth in Melbourne's CBD for the past decade and will continue that role over the next two years, according to CBRE's latest Australian Viewpoint.

But while much of that growth in stock has been absorbed against strong background conditions in the office occupier market, ''forthcoming supply in Docklands poses clear risks to CBD vacancy'', it said.

To date, the market appeared to have digested the extra space as part of a cyclical ''slowing'' after a period of strength.
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But the significant level of development within Docklands over the next 12 months is ''expected to outstrip demand'', CBRE maintains.

Read more: http://www.theage.com.au/business/property/docklands-threat-to-cbd-20130...

Read more: http://www.theage.com.au/business/property/docklands-threat-to-cbd-20130...

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Mark Baljak's picture

405 Bourke St - design that didn't make the cut by Woods Bagot

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Peter Maltezos's picture

That would have to be about the fourth or fifth different design I've seen for this site.

Very similar to the Southrn Cross Towers at the corner of Exhibition and Bourke Streets.

I collect, therefore I am.
thecollectormm.com.au

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Laurence Dragomir's picture

Hassell design for 447 Collins Street competition from a couple of years back:

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Fedsquared's picture

How old is this render?

P.S. Great work on the site. Looks great.

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Ryan Seychell's picture

Owen Dixon Chambers West building (525 Lonsdale Street) extension. Out to tender at the moment. Designed by Gray Puksand.

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Laurence Dragomir's picture

Asset 1's pitch to KPMG @ WTC Northbank:

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Kycon's picture

Not sure if this project has been discussed about before but its a mixed use development on the corner of Princess highway and Blackburn Road in Clayton.

http://www.architectureanddesign.com.au/news/$600-million-huge-mixed-use-development-for-melbou

$600 million huge mixed-use development for Melbourne's East

A mixed-use development called the Nova, designed by the Buchan Group will feature a hotel, retail and residential apartments and will be opposite Monash University in Clayton, Victoria.

According to the Financial Review the development is set to cost around $600 million and will be the biggest development by well known Melbourne developer Nick Saraceno.

The area dedicated for the precinct is 22, 000sqm and will feature provisions for a supermarket, a selection of retail stores, cafes and 'alfresco style' informal eating areas, as well as space for a factory outlet centre.

There will also be 51 town house style units, 218 apartments, 360 studio apartments and 223 hotel apartments in 8 levels as well as underground parking.

A roof top plaza will also be incorporated along with a pool and spa, a gym as well as a BBQ and seating area.

http://novacentre.com.au/
Some more images.






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Mark Baljak's picture

^^ maybe a start soon

corresponding article link
http://www.afr.com/p/business/property/activity_centre_wins_planning_app...

another approved saraceno project at 257 melrose drive

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Mark Baljak's picture

357 Collins St has been a constant since the start

December 2002

A lazy 11 years later it's over the line

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Peter Maltezos's picture

357 Collins Street is such a disappointing outcome!

It could have and should have been much better!

I collect, therefore I am.
thecollectormm.com.au

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MelbourneGuy's picture

Not ugly but just another glass office building.

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Dean's picture

The rumour mill is in full flow that the former site of the mighty Federal Coffee Palace(my heart bleeds)at 555 Collins Street could be about to be redeveloped into a 100+level 400m monster.

With the shite that's there now. One can only hope :-)

http://www.theage.com.au/victoria/cbd-tower-to-cast-long-shadow-20130423...

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Alastair Taylor's picture

something the size of Rialto would overshadow the south bank let alone 400m.

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MelbourneGuy's picture

But the shadowing will occur opposite the Casino (correct me if I'm wrong) which won't have a detrimental effect on most gamblers.

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Mark Baljak's picture

hahahaha

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Peter Maltezos's picture

Enterprise House is what's there now.

 

...And as Dean said, site of the former Federal Coffee Palace.

I'd like to see the design before I can judge this.

 

By the way, the Rialto Towers already overshadow the Yarra River, if this design is good enough why not a second exemption?

I collect, therefore I am.
thecollectormm.com.au

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Laurence Dragomir's picture

I think with the relaxing (or should that be evaporation?) of FSR (floor space ratio for those of you playing at hone) and height restrictions in Melbourne, I think it's critical that if a tower is to overshadow public open space or have a negative impact on the public realm (even if only for a brief period during the day) it should be encouraged to contribute positively in some way other way to the public realm to offset. For example the condition that came with Australia 108's permit whereby the developers had to contribute a monetary amount ($50,000 per SOU from memory) to City Rd improvement works.

In Sydney, building's get extra FSR if they provide significant public space as part of any development and this used to be the case in Melbourne. In New York when the High Line got underway owners of property abutting or below the line were able to transfer FSR to other sites for giving up their land to help facilitate the redevelopment.

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Laurence Dragomir's picture

AGL / 699 Bourke Street, 18,644sqm.
Developer: Mirvac
Architects: Grimshaw

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Ryan Seychell's picture

Nice. Don't really know how i feel about this one. On one hand i'm happy that this site is actually getting developed, on the other i'm a bit underwhelmed. Either way, this area is going to have such a different feel with this and medibank going up and NAB almost completed.

Here are some pics of the NAB's retail while i'm at it, looks great:

Core's starting to be clad too:

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Chris Peska's picture

Cool. Is that a different design again? Or same as the most recent but different angle?

Observe. Design. Build. Live.

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Ryan Seychell's picture
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Mark Baljak's picture

Places Vic to abandon Docklands

Troubled developer Places Victoria is abandoning its headquarters in the premium Goods Shed North project in Docklands to help reverse its poor financial position.

The move follows widespread cost-cutting at the state government entity, which has slashed its workforce by more than half and is expected to begin selling some of its land holdings.

Read more: http://www.theage.com.au/business/property/places-vic-to-abandon-docklan...

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Ryan Seychell's picture

Emporium:

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Ryan Seychell's picture

Big render of AGL:

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Michael Berquez's picture

Thanks Ryan, this AGL one has somehow passed me by. Can I ask what the deal is? Is it just a proposal at this stage?
And on a side note, can 120 Spencer Street please just GO AWAY, it completely ruins pictures.

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Development & Planning

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