Hutchinson Builders has been awarded the build contract on the $110 million student accommodation development by Little Projects, which kicked off construction this week.
The Hayball Architecture-designed student accommodation, Little Hall, will stand 14 levels and house 669 students when complete in mid-2020.
The move is Little Projects’ first foray into student accommodation, as the development group says it is actively diversifying its portfolio to explore the hotel sector, commercial and industrial projects.
Located at 625-633 Swanston Street, the site was once a home to an International Tobacco Co. factory and Lincoln House.
While the facade will incorporate unique Portuguese limestone, the project will retain two heritage facades, both which illustrate the industrial development that occurred during the Interwar period.
Co-funded by the University of Melbourne and philanthropists Paul Little and Jane Hansen who gifted $30 million to the University for the Project.
Little, the former Toll Group boss, sold his controlling stake in his property development business Little projects late last year.
The project forms part of a new philanthropic model for student accommodation where at least $2 million per annum of returns from Little Hall will be used to fund a scholarship program for students.
The Hansen Scholarship, which will commence in 2020, and will be awarded to undergraduate students financially challenged in accessing first-class education.