Collingwood tie factory earmarked for two towers

The offices from Hoddle Street (and image, top).

A Collingwood warehouse near Hoddle Street could make way for two offices.

Anplus Developments said its 99-117 Islington St proposal is the group’s first major commercial project.

The tallest tower will rise 14 levels; the other, 11.

All up the asset would offer 19,405 sqm of lettable area including ground floor retail (the gross area is 31,212 sqm).

The office will be rated A-grade.

Both rooftops will be activated; the buildings are also designed with pocket terraces.

They will be divided by two courtyards (story continues below).

The historic Australian Tie factory will be razed.

A basement will include 117 car parks, 206 bike and four motorcycle spaces; there will be seven electric car charging stations.

Like many recent inner-city Melbourne office proposals, Grimshaw has designed it to look like a warehouse conversion – with a lower level brick façade to site boundary.

Both proposed offices will have activated rooftops.

The South Yarra based developer is speculated to have paid $26.2m for the 3225 sqm Commercial 1 zoned site in 2018; it contains a couple of improvements including a red brick factory previously occupied by Australian Tie Co.

Elsewhere in the area an 11-floor apartment tower is mooted for 60-66 Islington St.

Fifteen storeys are earmarked at Hines’ 36-52 Wellington St office.

Anplus recently won approval for four residential towers, including one of 11 floors, at Seddon’s former Transdev bus depot – a 1.4 hectare site acquired for $20.9m in 2015.

The lower levels will have a brick facade.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco