Mirvac readies to replace ex-Melbourne Convention Centre

The proposed 32-level Build to Rent tower from Flinders Street.

Mirvac has launched a leasing campaign for an office on the site of the former Melbourne Convention Centre.

The Civic, penned by Fender Katsalidis, will go by the address of 7 Spencer Street.

Due for completion in 2024, it will contain 45,000 square metres of area – including A-grade workspace over 20 floors.

The ground level will include c1800 sqm of retail.

The City of Melbourne unanimously approved the office last year – conditional on it having a 10-metre setback from Siddeley St; Mirvac wanted it five metres closer to the road.

Planning minister Richard Wynne permitted it in February.

7-23 Spencer Street

Mirvac is intending a 32 storey Build to Rent project with 452 dwellings on another part of the 4500 sqm block, which extends up to 23 Spencer St, at the south west corner of Flinders (story continues below).

That tower will also include 20 affordable housing units.

Its ground floor will contain another c1800s of retail connected via an arcade to The Civic.

The end value of the whole project is estimated at $1 billion.

Mirvac spent $200m on the development site in late 2019.

That vendor, a partnership of Chinese developers – China Century Group and Exhibition & Travel Group – paid $97m in 2016 with plans for a major mixed-use village which would have included Australia’s first St Regis hotel.

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The Civic will include an activated ground level.

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Marc Pallisco

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