Bid to Drop Hotel from Collins Street Highrise Scheme

Developer Sterling Global wants to opt out of plans to build its first hotel in the Melbourne CBD, amending its plans for a site on Collins Street. A permit was granted for a 42-storey, mixed-use tower for the 1973sq m site at 607-623 Collins Street in May of 2024. The Carr Architects plans comprised 175 apartments, eight sub-penthouses, a 229-key hotel and office spaces on the 13th to 16th floors. New plans for the site filed with the Victorian Department of Transport and Planning seek to remove the hotel component and increase apartment numbers to 283. Plus Architecture has designed these new plans. The proposed mix is 13 studio, 68 one-bedroom, 147 two-bedroom, 44 three-bedroom and 11 penthouse apartments. Plans also include 787sq m of restaurant space, 186sq m for a food and beverage tenancy, and 2705sq m of office space. Also included are 136 car parking bays accessed from Spencer Street and 258 bicycle storage spaces. Amenities include a yoga space, a gym, media room, two private dining rooms, pool, function room and an office. Three buildings occupy the amalgamated site, including the former State Savings Bank, which was built in 1923. That building currently operates as the Batman’s Hill on Collins Hotel. The plans propose that two heritage-listed buildings on the site will be retained and integrated into the project. Sterling Global reportedly paid $55 million for the three sites, acquiring them from Rich Lister hotelier Bruce Mathieson and the family of Grollo Homes founder, the late Luigi Grollo. ▲ A render of the amended plans for the residential tower at the Batman on Hill Hotel on Melbourne's Collins Street. It is not known how much was paid for the hotel. In May 2024, an estimated end value of $429 million was proposed for the project including the hotel. The site is near a tram line, railway station and the Yarra River walking and cycling tracks. Heritage consultants Lovell Chen worked with Carr Architects on the plans to restore the heritage facades for the bank building and to refurbush the bank chamber. Sterling Global has a development pipeline of more than $1.6 billion that includes office, retail, residential and land assets. The developer is also working on Como Terraces with CBUS Property and a 19ha urban infill site rezoned for housing, Huntingdale Estate.

Bid to Drop Hotel from Collins Street Highrise Scheme

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