The ASX-listed Industry Superannuation Property Trust, owner of the Urban Workshop building at 50 Lonsdale Street, will give all occupants in the building an insulated ceramic mug, branded with the logo of cafe traders from the Madame Brussells retail strip, at the ground floor of the building.
Building occupants are encouraged to refill these mugs, rather than use disposable containers.
ISPT and Knight Frank general manager Jeremy Marsden says retailers will save more than 65,000 containers per year, which would prevent these cups going to landfill. The initiative will also save 13 trees and 2.5 barrels of oil and about 31,000 litres of water per year, they say. Tenants at Urban Workshop include the Department of Human Services Victoria, Australian Super and the Department of Immigration and Citizenship.
ISPT and Western Australia-based developer Axiom recently lodged plans to develop two high rise apartment towers, on the easternmost edge of The Age site, which the consortium bought for $66.1 million last February.
The proposed development will include a 51-level building on Lonsdale Street, and a 39-level building on Little Lonsdale Street. Both towers will be built around two existing retail laneways, Alston and Merriman lanes.