Property giant Lendlease has been greenlit for its $1 billion Melbourne Quarter Tower on Collins Street, with plans to kick off construction later this year.
The Melbourne Quarter Tower is the third and largest commercial building of Lendleases $2.9 billion Melbourne Quarter precinct, pegged as the ‘commercial centrepiece’.
Lendlease had already received approval for the development, but upscaled plans from a 31-storey tower to 34 levels, newly approved by planning minister Richard Wynne this week.
The 34-level Woods Bagot-designed tower, which will deliver up to 70,000sq m of office space, will sit opposite Southern Cross Station.
Lendlease Urban Regeneration managing director John Burton said the tower will complete one of the precinct’s “hero spaces”, the Sky Park.
“And a new green public plaza on Collins Street — one of the largest public spaces to be delivered in central Melbourne in recent years,” Burton said.
When complete, the Melbourne Quarter precinct will comprise up to 140,000sq m of commercial space for more than 14,000 employees.
International Workplace Group (IWG) will join the 25-level Two Melbourne Quarter commercial office tower once completed.
The building will target international standards in wellness and sustainability and include more than 7,000sq m of technology enabled green spaces and parks.
Lendleases engineering arm, which is up for sale, was this week awarded the $644 million contract to undertake major bulk earthworks at Western Sydney International Airport.