Approval Firms for Mirvac’s 17-Storey CBD Addition

Mirvac has put forward an interesting development application for the Future Melbourne Committee to decide on next week.

The application involves adding 17 storeys to an existing 22-storey tower in the heart of Melbourne’s CBD.

Planning officers have recommended that the committee approve the planning proposal.

Mirvac co-owns the 2126sq m site at 86-98 Collins Street in Melbourne’s CBD with 88 Collins Pty Ltd as is listed on agenda documents for the committee’s meeting on February 7.

ASIC records list Leo Moio and Frank Moio as the directors of 88 Collins Pty Ltd.

Leo Moio owns Print Media Group, a company formed after he bought the former Fraser and Jenkinson Pty Ltd, a printing and publishing company from the Hutchinson family in 1990.

Print Media Group has since gone on to acquire other printing companies.

Mirvac’s share in the tower built in 1988 was acquired in a $580-million, seven-property deal with GE Real Estate Investments in 2013.

Fender Katsalidis designed the plans for the project, which will add 17 storeys to the existing 22-storey tower at 90 Collins Street.

There will be partial demolition of some buildings at the site, including changes to the existing tower.

Plans were presented to the Melbourne Design Review Panel in February 2022 and were supported subject to some refinements incorporated in amended plans.

▲ Mirvac and Leo Moio’s 88 Collins Pty Ltd are listed on council documents as co-owners of the site.

The current existing net lettable area of office space totals 20,490sq m across the 22 storeys with the proposed 17 storeys adding another 14,780sq m of net lettable office space area.

Retail will also be expanded with the existing area of 411sq m expanded to 2468sq m across two basement levels, the ground floor and levels one and three.

Total gross floor area after the build will be 52,473sq m, adding 22,733sq m to the existing 29,740 square metres.

Carparking spaces will also change from the existing 109 spaces to 85 spaces across the three basement levels and 302 new bike storage spaces.

The plans include partial demolition of the first basement level, the ground floor and the first and second floors and demolition of the rooftop and plant levels of the existing building to make way for supporting new levels on top.

There will be minor changes to the rest of the existing floors to include more amenities.

Mirvac has $2.4 billion of its $12.9-billion commercial and mixed-use pipeline based in Melbourne.

Its Olderfleet project, also in Collins Street, netted it an award in late 2022 for the world’s best building between 100m to 199m from the Council on Tall Buildings and Urban Habitat.