First MQ residential tower

Lendlease and Mitsubishi Estate Asia are developing Melbourne Quarter’s first residential building, East Tower.

Construction of the 44-storey East Tower started early last month.

Located at 628 Flinders St, once completed, East Tower will comprise 719 apartments.

Lendlease’s Kylie Rampa said: “We are reimagining this part of Melbourne’s CBD as a new city landmark, with more than 50 per cent of the precinct dedicated to public open space.”

Lendlease and Mitsubishi Estate Asia will each hold a 50 per cent interest in the building.

“The joint venture with Mitsubishi Estate Asia demonstrates the strength of our plans to revitalise the western end of Flinders St into a new and thriving residential and commercial neighbourhood, including what will be our largest residential building in Australia,” Ms Rampa said.

Managing director of Mitsubishi Estate Asia, Mr Shojiro Kojima, said: “This is the first time Mitsubishi Estate Asia has invested in Melbourne, and East Tower in the Melbourne Quarter precinct will offer refined apartment living in close proximity to the shops, galleries and restaurants that the city of Melbourne is renowned.”

Designed by award-wining architect firm Fender Katsalidis Architects the apartments will feature public green spaces, a neighbourhood park and Melbourne’s first elevated garden called the Skypark.