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Final Quarter approved

05 Feb 2018

Final Quarter approved Image

In late December Lendlease announced planning approval for its third and final commercial tower at Melbourne Quarter.

Two Melbourne Quarter, a 25-storey office tower at 697 Collins St, will cover 49,000sqm – enough to accommodate about 4500 new workers and 800sqm of retail space on the ground floor.

Lendlease managing director for urban regeneration and infrastructure development, Mark Menhinnitt, said planning approval for the Woods Bagot-designed tower coincided with a period of strong demand for high-quality office space in Melbourne’s CBD.

“Lendlease has seen strong leasing activity push the national CBD vacancy rate to its lowest level in four years,” Mr Menhinnitt said.

“This project will cater for the continued growth and strong tenant demand for new office space in Melbourne as both national and global businesses target the new supply of buildings.”

Mr Menhinnitt said the project would focus on sustainability and access to amenities, allowing tenants to work in nearby parks, open spaces and co-working environments.

“Two Melbourne Quarter will open out on to a new public plaza on Collins St, a centrepiece of the Melbourne Quarter Precinct, and will also feature a four-storey public staircase to Aurora Lane,” he said.

In addition to 130,000sqm of office space, more than 50 per cent of the Melbourne Quarter precinct will be open space.

Two Melbourne Quarter is one of seven commercial and residential buildings planned for the development. Activity continues on site, with the first residential tower, East Tower, under construction.

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