V-Leader has won approval to develop a 40 storey, 30,000 square metre office at the north west corner of Lonsdale and King streets, near Southern Cross station.
The $400 million proposal (artist’s impression, top and right) replaces a four year old scheme which would have contained between 16,500-24,400 sqm of commercial area and a 288 suite hotel.
The new plan includes, additional to the Premium grade offices, a 2000 sqm wellness centre, 1200 sqm sky lobby and level 21 and 22 gallery and meeting space.
Retail will also flank the ground floor.
V-Leader paid 16 strata office owners a total of c$52m in 2018 for the low rise complex covering the 1900 sqm 600 Lonsdale St site earmarked for the proposed tower.
Three years ago, the group, led by Andy Zhang, outlaid $40m for Collingwood’s ex-Glo-Weave factory with plans for a $140m asset with 197 hotel rooms and 21,844 sqm of offices in two 15 storey buildings.
Eight months ago V-Leader spent $22m for South Yarra’s historic Hotel Claremont, which was offered permit-ready for a 12 level mixed-use but predominantly residential project.
Also mid-last year, the group offloaded a Port Melbourne development site for $16.55m to Sydney outfit Luxcon.
Second skyscraper for city corner
Penned by Skidmore, Owings and Merrill, with local practice, Fender Katsalidis, the 600 Lonsdale St tower will rise out of a podium built to boundary.
The office floorplates will range between 600-1500 sqm (story continues below).
A green column forms part of the façade, which will also contain 24 terraces.
The parcel is opposite the Kilkenny Inn, and a collection of neighbouring properties, all up covering 1750 sqm, which Charter Hall and Hickory acquired for a speculated $50m last May with plans for a 22 storey commercial investment.
600 Lonsdale Street Mark II
V-Leader is seeking tenant pre-commitment for 600 Lonsdale St.
Construction is set to start next year.
“600 Lonsdale marks the next step in premium office space, offering state-of-the-art amenities and innovative design to accommodate modern working practices,” Mr Zhang, said.
“There’s been a huge shift in how people work and what tenants desire from an office space; as hybrid working is widely adopted tenants are now looking to empower and enhance their employee’s wellbeing through workplace experiences,” he added.
“The design of 600 Lonsdale is in direct response to this and is reflective of V-Leader’s desire to produce market leading developments that actively respond to the evolving work environment,” according to the executive.
“The new scheme signifies our confidence in a solely office development and is focused on delivering the benefits of a mixed-use scheme, through transformative commercial offices, ground floor retail amenity and a holistic wellness offering that has been designed to appeal to the next generation of CBD tenants”.
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