The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
5
print
Print
OtherTed TabetWed 11 May 22

Time and Place Expands $400m Southbank Skyscraper

Time and Place Green Lit for Amended Skyscraper

Time and Place has been granted approval for an amended application for its 62-storey Queensbridge Building project in central Melbourne.

The developer had been planning to build a $200-million development across a 940sq m island site within the Crown precinct on the southern edge of the CBD before moving on a neighbouring 430sq m land holding, allowing for the extension of the building’s podium and overall footprint.

The now $400-million tower will increase in size from 60-storeys and 250 apartments to 367 apartments and a 200-key hotel in a taller tower. 

Time and Place director Tim Price said the amalgamated 1370sq m site had allowed the developer to expand the project, alongside architecture firm Elenberg Fraser, to deliver a mixed-use building with a “strong legacy” for the area. 

“Acquiring the site at 15-23 Kings Way allowed for a significant expansion in amenity and reinforces our development ethos to cultivate community-centric designs,” Price said.

Price said Time and Place hoped to create a true neighbourhood precinct offering high-quality homes with plenty of amenity.

“We envision the building becoming a destination that promotes social interaction and engagement, with the first floors of the building spilling into the surrounding street and creating a vibrant interface with the public.”

In exchange for boosting the number of levels in the permitted development, Time and Place has also undertaken to work with the City of Melbourne on the design and development of about 5000sq m of urban park under the adjacent Kingsway overpass.

Prefabrication specialist Hickory has now been appointed as the builder with preliminary site work, costing between $5 million and $10 million, due to commence imminently with the project’s estimated completion earmarked for 2024.

▲ The developer intends to retain a third of the one-bedroom apartments in the podium of the building which will be rented through a third-party manager. Image: Elenberg Fraser
▲ The developer intends to retain a third of the one-bedroom apartments in the podium of the building which will be rented through a third-party manager. Image: Elenberg Fraser

Since announcing the project, Time and Place has secured $100 million of apartment pre-sales selling across a range of product types and price points from $518,000 to upwards of $2 million.

At the time of its launch, the project was viewed as countercyclical in a Melbourne apartment market that would go on to slump throughout the Covid-19 pandemic.

Unlike other projects in the market, the high-end development offered services to residents such as running errands, cleaning and linen supply, dog walking and car washing.

“Our pre sales success speaks to buyer confidence in Southbank and in the wider Melbourne off-the-plan apartment market, with a mix of first-home buyers, right-sizers and investors securing the first release of apartments to date,” Time and Place sales director James Herbert said.

“Right-sizers have been drawn to the striking interior design by Flack Studio, with the option to customise interiors, alongside our central location offering unrivalled connectivity to Melbourne’s best lifestyle amenity.” 

The tower will feature bookable outdoor cabanas, open and private pool, sauna and steam room, gym, yoga studio, boxing ring and private treatment rooms.

There will also be co-working spaces, a cafe, providore, private dining room, and a dog spa.

Herbert said following the flight to regional living through the pandemic, the developer had been witnessing strong interest from out-of-towners looking for an “inner-city crash pad”.

“Queensbridge offers an attractive location to visit the CBD for work, or for a weekend to enjoy the surrounding dining and arts precinct,” he said.

ResidentialHotelAustraliaMelbournePlanningPlanningSector
AUTHOR
Ted Tabet
The Urban Developer - Journalist
More articles by this author
website iconlinkedin icon
ADVERTISEMENT
TOP STORIES
PGIM Real Estate Reimagines 444 queen street to 450 queen street brisbane
Exclusive

Coming, Ready or Not: Relic Stripped to Bone for Green Glow-Up

Renee McKeown
5 Min
Darwin has sat dormant for a decade but the resource rich territory is “on the threshold” of a boom for resources and new cities. Weddel and Palmerston
Exclusive

NT Eyes Looming Boom as Planning Commissioner Bows Out

Renee McKeown
5 Min
Exclusive

Gold Coast’s Greatest Moments Yet to Come: Evan Raptis

Phil Bartsch
7 Min
MODEL founder Rory Hunter HERO
Exclusive

‘It’s Massive’: On Mission to Prove BtR Green Equals Gold

Leon Della Bosca
8 Min
Potts Point Coliving EDM
Exclusive

Co-Living Shrugs Off Stigma as Overseas Money Moves In

Clare Burnett
6 Min
View All >
Office

A-Grade Perth Office Tower Comes to Market

Lindsay Saunders
Placemaking

Restaurant Revival Slated for Derelict Wynnum Ice Works

Taryn Paris
Build-to-Rent

Townsville’s First BtR Project Wins Green Light

Taryn Paris
Developer GEON plans to put shovels to dirt next year for the two-tower project in a North Queensland shopping precinct…
LATEST
Office

A-Grade Perth Office Tower Comes to Market

Lindsay Saunders
2 Min
Placemaking

Restaurant Revival Slated for Derelict Wynnum Ice Works

Taryn Paris
2 Min
Build-to-Rent

Townsville’s First BtR Project Wins Green Light

Taryn Paris
2 Min
Main Beach Odus Ari Tower Site Deal hero
Residential

Odus Doubles Down in $55m Main Beach Tower Site Deal

Phil Bartsch
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/time-and-place-queensbridge-building-southbank-development-application-approval