Melbourne developer Capital Alliance are moving ahead with the first Marriott to be built in Australia in 20 years, after announcing global contractor Icon Co to build the $250 million mixed-use development.
The Marriot Docklands project has been a long time in the making, according to Capital Alliance founder and chief executive Mohan Du, who secured the deal with Marriot in 2015.
“We’re tremendously excited in moving forward to commencing construction shortly and delivering the Docklands Residences,” Du said.
Capital Alliance gained approval for the mixed-use scheme from the Victorian Government in August 2017.
Designed by DKO Architecture, the project will deliver 200 premium hotel rooms as well as 110 contemporary residences across 17-level dual towers above the newly rebranded District Docklands, formerly AsheMorgan’s Harbour Town Shopping Centre.
According to Du, the builders reputation played a pivotal part in their appointment to deliver the project.
“Icon Co has a strong reputation in delivering high quality projects and we are confident they will deliver on this landmark project for Docklands.”
Icon director Evan Byrne said the hotel market had made a comeback in the past 18-months.
“The Marriot Docklands will be one of the first international luxury offerings to be completed in this wave, an accomplishment we will be extremely proud of,” Byrne said.
AsheMorgan Principal Michael Moss said the Marriot Docklands will be a significant milestone in the evolution of the precinct which is currently undergoing extensive development.
“More importantly, it highlights the rapid growth and extensive development pipeline in the area, which reinforces our vision of creating a world class ‘urban village’ and underpins our long-term investment strategy in The District and the broader Docklands precinct,” Moss said.
Icon will commence construction on the development next month with completion aimed for mid 2020.