RAIA to Develop 17-Level Office at 41 Exhibition Street Headquarters Site, Melbourne

The Royal Australian Institute of Architects is proposing to build a 17-level office building on the site of its Exhibition Street headquarters, which could affect the million dollar views of the neighbouring prestigious 101 Collins Street building.
RAIA chief operating officer Ross Clark told The Age it hopes to redevelop its 4-level, 41 Exhibition Street property into a 7,000 square metre building with two levels of retail space, and about 5,000 square metres of offices over 15 levels.
The institute will occupy about three levels, Mr Clark said, while some of the remaining space will be sold to investors and owner occupiers as strata office suites.

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Macquarie Office Trust Shuts 171 Collins Street

MACQUARIE Office Trust has closed pedestrian access to its 171 Collins Street shopping centre and office building, a year after challenging a landmark planning precedent that more than doubled the regulated height of a building in the Central Business District’s “Swanston Street spine”.

The building, which includes several ground floor shops, is expected to remain boarded up and vacant for however long it takes for the site to be developed.

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