Two strata office towers are set to take shape at each end of the CBD.
In the east, Jeff Xu’s Golden Age this week kicked off construction of a 28-level tower at 130 Little Collins Street – held between 1957-2019 by the Uniting Church.
The property will sit between the landmark 120 Collins St skyscraper and a 13-level hotel, proposed to replace the ex-Melbourne Theosophical Society headquarters.
Strata suites will range from 82 square metres.
Meanwhile in the legal precinct, Hampton Projects this month launched a sales campaign for a 24-storey strata office at 563 Little Lonsdale St.
Branded Bastion, the property will incorporate a low rise red brick former warehouse, and include an activated rooftop (artist’s impression, top) and club-style amenities (story continues below).
The suites range from 87-272 sqm.
“There have only been two purpose-built, single use strata office buildings delivered in the Melbourne CBD over the past 20 years, being 2Q Tower [at 2 Queen St], delivered in 2007 by Macquarie Bank and 41X [41 Exhibition St]…in 2014 by The Australian Institute of Architects,” Mr Kirwan said.
“Capital values in both buildings have now more than doubled,” he added.
“There are only six strata titled buildings in the legal precinct which provide whole floor offices, all of which were constructed before then mid-1990s and don’t provide amenities such as end of trip facilities or an activated rooftop for staff and tenants to enjoy,”.
Bastion has a targeted completion date of 2022.