[grollo]

1. Eureka Tower (350m, 91 levels, residential):

pic by Mugley:
http://img.photobucket.com/albums/v474/mugley/eur2506_2.jpg

pic by Hacksaw:
http://img65.echo.cx/img65/3664/P6270921.jpg


2. Freswater Place Residential (205m, 62 levels, Residential):

pic by Hacksaw:
http://img65.echo.cx/img65/71/P6270939.jpg

pic by mugley:
http://img.photobucket.com/albums/v474/mugley/fwp2506_2.jpg


3. Verve 501 (170m, 45 levels, residential):

pic by Sirbugalugs:
http://web.aanet.com.au/sirbugalugs/IMG_4687.JPG


4. Ernst & Young Plaza (165m, 40 levels, office):

pic by Dan:
http://www.melbournephotos.net/pics/2005-05-17%20Melbourne%20-%20Richmond%20and%20East%20Melbourne/IMG_6556.jpg

pic by Sirbugalugs:
http://web.aanet.com.au/sirbugalugs/IMG_4647.JPG


5. SX stage 1 (163m, 40 levels, office):

pics by Hacksaw:
http://img65.echo.cx/img65/5284/P6270908.jpg

http://img65.echo.cx/img65/9987/P6270904.jpg


6. Royal Domain Tower (162m, 42 levels, residential):

pics by Sirbugalug:
http://web.aanet.com.au/sirbugalugs/IMG_4737.JPG

http://web.aanet.com.au/sirbugalugs/IMG_4724.JPG


7. 2 Southbank Boulevard (161m, 40 levels, Office):

pic by Hacksaw:
http://img65.echo.cx/img65/2682/P6270940.jpg

pic by Dan:
http://www.melbournephotos.net/pics/2005-06-14%20Melbourne%20-%20Southbank%20and%20Elizabeth%20st/IMG_6613.jpg


8. Urban Workshop (150m, 34 levels, Office):

pics by Sirbugalugs:
http://web.aanet.com.au/sirbugalugs/IMG_4583.JPG

http://web.aanet.com.au/sirbugalugs/IMG_4684.JPG


9. QV Residential (142m, 47 levels, residential):

pic by Silvermb:
http://silvermb.thehoddlegrid.net/qv20050520.jpg

http://silvermb.thehoddlegrid.net/qv200505201.jpg

pic from www.realestate.com.au:
http://www.realestate.com.au/objects/props/6138/102496138al1119501897.jpg


10. Victoria Point (128m, 42 levels, residential):

pic by Sigbugalugs:
http://img.photobucket.com/albums/v225/sirbugalugs/IMG_4292_12.jpg

pic by Devine:
http://www.vicpoint.com.au/update/2005_june05_large.jpg

[PopYourColla]

Damn! All those are amazing.

[LosAngelesBeauty]

They're so big, I'm almost a little jealous... lol

[Coldrsx]

omg....amazing projects.

[Pootkao]

crikees. all in one burgh?

how to build a city in 20 days, by Melbourne.

nutso.

[Fabb]

I wondered if all those cranes were there for big, nice constructions.
I have my answer. Thanks !

[Jasonhouse]

Top notch thread!

[tayser]

you're pushing it with 2SB Grol ;)

just so everyone knows: 2SB now actually has it leads tenant in: PriceWaterhouseCoopers, we're just awaiting the signage spam (big void facing Eureka will be a massive PWC logo).

STill though, I remember 3 years ago thinking that it seemed like it was a long way off until the first one of the new big bitches was complete :rock:

[grollo]

Well I thought this was the last chance to get in on the list :-) Many people on here would have no idea what has been U/C in Melbourne. So U/C or completed in the last few weeks :-)

[Thefigman]

Nice pics!

I'll be in Melbourne in a few weeks, so it's terrific that I have a guide to the new construction.

[Fabb]

Freswater Place has been eclipsed by Eureka. That's unfair. It's quite a nice, tall building.

[Xeelee]

looks like this town has got it going on... nice. :)

[LordElPaso]

beautiful city.

[phillyskyline]

Im very Impressed Melbourne!!!! I think top 10 skyline in the world!

[jlendo]

Melbourne gotta it going on. Very nice projects indeed.

[Buck]

Wow. uh. Dang. Spot on...

Lovely city. Lots of stuff going on.

[grollo]

Pics by by Sirbugalugs:

Urban Workshop:
http://web.aanet.com.au/sirbugalugs/21-07-2005%20tour/general/Picture%20016.jpg

Eureka Tower:
http://web.aanet.com.au/sirbugalugs/21-07-2005%20tour/eureka/Picture%20165.jpg

Eureka, FWP & PriceWaterhouseCoopers:
http://img.photobucket.com/albums/v474/mugley/fwp1707.jpg

Ernst & Young Plaza:
http://web.aanet.com.au/sirbugalugs/21-07-2005%20tour/general/Picture%20124.jpg

Royal Domain Tower:
http://web.aanet.com.au/sirbugalugs/21-07-2005%20tour/general/Picture%20170.jpg

[Fabb]

Thanks for the update !

[Jasonhouse]

Melbourne kicks so much ass, it's just not fair!


Oh, you should show the new transit center (the wavy thing).

[tayser]

pic by Hacksaw

http://img337.imageshack.us/img337/9887/P7311107.jpg

http://img337.imageshack.us/img337/8118/P7311175.jpg

[AJphx]

nice photos with the towers nearly complete. Its been a great skyscraper boom in Melbourne with quite an interesting ending since the major projects all happen to be finishing up at nearly the same time. Its good to see them almost done, though, it seems like some of these towers have taken quite a long time.

[Stephenapolis]

Those buildings are excellent additions to an already great skyline.

[Sirus]

they're all hot towers. There's definately a theme appearing in the new construction.

[grollo]

Quick update on the St. Kilda Road precinct which is based around the a magnificent tree lined boulevarde which leads to the CBD and is lined with skyscrapers generally between 40 and 80 metres high due to strict height controls (apart form a few exceptions like the 162m high Royal Domain Towers :-)

Aerial photograph of the St. Kilda Road precinct:

http://www.realestate.com.au/objects/props/6224/102496224cl1119493674.jpg

Royal Domain with Hallmark in the foreground:
http://web.aanet.com.au/nmharrison/st%20kilda%20road%20density.jpg

Yve (pics by silvermb):
http://silvermb.thehoddlegrid.net/yve200508.jpg

Gateway (pic by Faustus74):
http://i4.photobucket.com/albums/y106/faustus74/IMG_2521.jpg

A few of the many Proposed Towers for the precinct (which has strict height controls):

http://www.realestate.com.au/objects/props/4878/102554878bl1122041409.jpg

http://www.realestate.com.au/objects/props/6224/102496224ml1119493670.jpg

http://web.aanet.com.au/nmharrison/yve2.jpg

[grollo]

Freshwater Place:

http://web.aanet.com.au/nmharrison/fwp alley forum.jpg

http://web.aanet.com.au/nmharrison/fwp reflection forum.jpg

http://web.aanet.com.au/nmharrison/fwp base forum.jpg

http://web.aanet.com.au/nmharrison/fwp%20panorama%20forum.jpg

[tayser]

FWP is slick as when you look down William St.

:drool:

[tayser]

salamagd

http://img210.imageshack.us/img210/133/eka15aug05025bi.jpg

uewepuep

http://www.melbournephotos.net/images/2005-08-16%20Melbourne%20-%20Western%20CBD/IMG_7084.jpg

[Fabb]

Beautiful, tall and sadly overlooked.

[tayser]

c/o stu.

from 30km away (east)

http://img.photobucket.com/albums/v469/Stucey/CityNight1.jpg

[KevinFromTexas]

Incredible stuff. Melbourne never ceases to amaze me. Beautiful!

[HowardL]

God, those are ALL really nice. Not a stinky one in the bunch.

[tayser]

Salamgd

http://img392.imageshack.us/img392/3809/skyupdate3ip.jpg

sako

http://img394.imageshack.us/img394/586/eureka0314kc.jpg

mugley

http://img.photobucket.com/albums/v474/mugley/fwp0903a.jpg

http://img.photobucket.com/albums/v474/mugley/fwp0903b.jpg

D_Y2k.2^ :rock:

http://img.photobucket.com/albums/v191/Lovejesse/DSC_1012.jpg

ph1lip

http://img.photobucket.com/albums/v488/phi1ip/SXPhase1/200508301438b.jpg

http://img.photobucket.com/albums/v488/phi1ip/SXPhase1/200508301445c.jpg

ph1lip

http://img.photobucket.com/albums/v488/phi1ip/EandYPlaza/200508301429aey.jpg

[Fabb]

Plenty of good stuff !

http://img.photobucket.com/albums/v488/phi1ip/SXPhase1/200508301445c.jpg

^Multiplex lost one "M". Somebody should tell them.

[tayser]

mugley

http://img.photobucket.com/albums/v474/mugley/eur0905.jpg

[Fabb]

Nice twist.

[tayser]

signage fully lit for the first time tonight.

salamagd

http://img394.imageshack.us/img394/1363/fwpblue6xa.jpg

we're definitely at the business end of this construction cycle now! (hence the almost daily updates :D)

[tayser]

salamagd

http://img354.imageshack.us/img354/7061/skypano3wk.jpg

[Adam from Oz]

Great collection of pics there, everyone!

Cheers,

Adam

[trvlr70]

Incredible new buildings. I officially pronounce Melbourne "Chicago Down Under". :laugh:

[Benhamin]

One of my friends visited Melbourne for a school project for 7 weeks, and he loved it and said lots of construction was going on there. All of these projects are amazing. My friend also liked Melbourne a lot more than he liked Sydney, and now I see why!

[James Bond Agent 007]

I want Grollo in Seattle. :( *jealous*

[tayser]

and I want Grollo to hurry the frakkensnatch up with proposing a new big bitch ;)

a week old, but übar nevertheless, mugley:

http://img.photobucket.com/albums/v474/mugley/fwp0911a.jpg

http://img.photobucket.com/albums/v474/mugley/fwp0911b.jpg

[tayser]

Oh yeah, also, the skylines filling up (spot the newbies U/C)

screencap by AUBoy:

http://img.photobucket.com/albums/v212/auboy/Melbourne.jpg

Mitch loves it! :banana:

[Agent Orange]

Hey, I think I can make out Eureka's crown. Going to be a nice building, although the jury is still out on the gold color at the top. I suppose it makes sense for a former gold rush town. Can't wait to see it completed.

[tayser]

The gold win own. There's a point in every day (and you have to be on a certain angle) when the sun reflects off Rialto and the Telstra HQ and the facade just goes golden.

Click image to see Nonda Katsalidis talk about it

http://www.eurekatower.com.au/images/splash/main2.jpg (http://www.eurekatower.com.au/viewer.cfm?imgPath=videos/nonda.swf)

silvermb

http://silvermb.thehoddlegrid.net/eka20050921.jpg

[tayser]

Aussie Bhoy

http://i6.photobucket.com/albums/y246/AussieBhoy/Melbourne/FlindersStstation.jpg

http://i6.photobucket.com/albums/y246/AussieBhoy/Melbourne/MCG2.jpg

http://i6.photobucket.com/albums/y246/AussieBhoy/Melbourne/PrincessTheatre.jpg

http://i6.photobucket.com/albums/y246/AussieBhoy/Melbourne/Rialtoview7.jpg

http://i6.photobucket.com/albums/y246/AussieBhoy/Melbourne/Rialtoview9.jpg

[Fabb]

The last two are very beautiful.
I guess that they're taken from the top of the Rialto ...

[tayser]

yep, sure are.

Mugley

PWC has been polished:

http://static.flickr.com/33/46059085_ea13bcc683_o.jpg

http://static.flickr.com/30/46056988_5892430ca0_o.jpg

http://static.flickr.com/26/46052122_6958f7f626_o.jpg

[tayser]

AFR
IAG signs up for Grand Central
Mathew Dunckley

It has taken the largest corporate pre-commitment in Melbourne's history but the 20-year development saga at the Grand Central site in the CBD finally appears to be over.

Insurance company IAG confirmed yesterday that it had signed a heads of agreement to lease 27,000 square metres in a 43,000 sq m building proposed by superannuation fund CBUS's construction arm, Australian Super Developments.

CBUS has owned the site, at the corner of William and Bourke streets, outright since 2000 and has been searching for a development avenue ever since. The site has an area of about 6400 sq m, takes up almost a quarter of a city block and is arguably the biggest undeveloped property within the city grid.

None of the parties would comment on the value of the leasing deal but property sources said it was the largest pre-commitment by a non-government tenant in Melbourne.

IAG operates in Victoria under the CGU and Swann Insurance brands and has about 2000 employees in Melbourne across four CBD premises.

Insiders said IAG had also considered moving into the second stage of Multiplex's Southern Cross development in Exhibition Street.

ASD has been sweating on a new project, as Ernst & Young House in Flinders Street is scheduled to be finished early next year and Melbourne's construction cycle slows.

ASD chief executive Kevin Fitzpatrick said yesterday the building to be given the address of 538 Bourke Street was the only new CBD tower with commitment to proceed in 2006.

"For the past four years, we have persevered to get this development started to more appropriately address current market needs with environmentally sustainable performance outcomes," he said.

A detailed design had not been finalised but would feature a five-star Green Star ESD rating the first non-government building to achieve such a standard in Melbourne, he said.

The tower should be completed by the end of 2008 and would be part of a redevelopment of the wider site. That redevelopment would probably include a second commercial tower and a public area with mixed retail and food outlets, and possibly a 4.5-star boutique hotel.

It was not clear which buildings at the site would be kept and which would be demolished. Existing buildings include two 14-storey structures, an 11-storey building and a 122-space car park.

The lease was negotiated by Colliers International's Simon Hunt for ASD and Laing+Simmons on behalf of IAG. Mr Hunt refused to comment when contacted by The Australian Financial Review.

The Grand Central site has a chequered history. Lend Lease bought it for more than $100 million at the peak of the property boom last decade but sold it to CBUS, then in joint venture with David Marriner, for only a fifth of that in 1998. CBUS acquired sole ownership in 2000.

Numerous design proposals have come and gone, including one for an 80,000 sq m-plus building.

CGU chief executive Mario Pirone said the decision to invest in new Melbourne premises reflected a long-term commitment to Victoria. "Reducing our CBD offices from four to one will also increase productivity by cutting traffic between buildings and enabling our people to collaborate more effectively," he said.

KEY POINTS

* IAG will lease 27,000 sq m of a new tower to be built by ASD on the site, in Melbourne's CBD.

* The tower should be completed by the end of 2008.

A deal to save Bourke eyesore
By Helen Westerman
The Age
27 September 2005

http://www.theage.com.au/ffximage/2005/09/26/biz_bourke_wideweb__430x296.jpg

Big plans: 538 Bourke Street.

ONE of Melbourne CBD's most notorious vacant sites will become the home of Insurance Australia Group following a deal with the site's owners, Australian Super Developments, a subsidiary of industry fund CBUS.

ASD will build a 27-storey building of 43,000 square metres on the site at 538 Bourke Street, on the corner of William Street, after IAG agreed to lease 27,000 sq m. The deal will significantly rejuvenate the western end of the city and is a shot in the arm for the CBD office market, which has had a number of businesses move to Docklands.

IAG, which operates as CGU and Swann Insurance brands in Victoria, will bring together 2000 staff located across four different CBD sites. The building will be branded as CGU.

The site, known as the Grand Central, is made up of the former Jetset building on Bourke Street, a small park and three derelict buildings along William Street, which have been vacant since the mid-1990s. Lend Lease sold the site in 1998 to developer David Marriner's company, Australian Staged Developments, for $20 million. He sold the company to CBUS in 2000, when it was renamed Australian Super Developments.

Among the many mooted developments for the site was a 57-level office tower proposed by Lend Lease in 1991. In 1998, a hotel conversion of the Jetset building was approved, as well as refurbishment of 171 William Street into offices and a restaurant. A small garden was built.

In 2002, the demolition of the William Street buildings was approved for a 27-level building.

ASD chief executive Kevin Fitzpatrick said the rejuvenated precinct was likely to include a second commercial tower, as well as public area with mixed retail, cafe and restaurant outlets and "possibly" a boutique hotel.

The leasing deal will be seen as a boost for the CBD market. ASD is said to have narrowly missed out to Grocon to build AXA Asia Pacific's new headquarters, which opted to move to 800 Collins Street in Docklands. However, it has nearly completed the home of the Ernst & Young Building at the former Herald and Weekly Times Building.

Mr Fitzpatrick said ASD had persevered for four years to tackle market needs, with environmentally sustainable performance outcomes. He said ASD would try to achieve a five-star Green Star rating for the building, the first privately owned building in Melbourne to commit to that level.

pretty ordinary really:

http://www.thehoddlegrid.net/projects/renders/cbd/538b/538b-se.jpg

[tayser]

sako

http://img232.imageshack.us/img232/4150/eureka0079lf.jpg

[Maldive]

gee there is a lot hype in this thread/

And one building with height. Nice city tho

[Goody]

these are some Kickass projects -man only if.....

[tayser]

yvtux, give it another 15 years:

http://img137.imageshack.us/img137/9981/panoramasml0pz.jpg

New Melbourne Theatre Company premises, state funded, after 40 years of waiting!

http://www.a-r-m.com.au/images/projects/38/photos/final%20mrc_mtp%20elevation.jpg

http://www.a-r-m.com.au/images/projects/38/photos/MTC%20ext_01%20copy.jpg

http://www.a-r-m.com.au/images/projects/38/photos/MTC_night%2004%20copy.jpg

EDIT 27/09/08, replaced IMG with links to reduce bandwidth

[tayser]

by AUBoy today

http://img.photobucket.com/albums/v212/auboy/Melb2.jpg

http://img.photobucket.com/albums/v212/auboy/Melb1.jpg

:banana:

[R@ptor]

The 360º panorama is amazing.

Looks like the new rail station is almost finished. I'm also surprised that there isn't more construction in the Docklands. What happened to all the proposed projects there?

[tayser]

pretty much all of the things proposed so far have been built - Docklands is an enormous undertaking, it's only really 15-20% complete!

[mSeattle]

Sweet!

[grollo]

A few pics I took the other day:

Frewshwater place:

http://web.aanet.com.au/nmharrison/fwp 6 forum.jpg

http://web.aanet.com.au/nmharrison/fwp 7 forum.jpg

Royal Domain Tower:

http://web.aanet.com.au/nmharrison/rdt 11 forum.jpg

http://web.aanet.com.au/nmharrison/rdt 12 forum.jpg

[tayser]

http://www.spencerstreetstation.com.au/images/gallery/fullsize/imageN3340104314.jpg

http://www.spencerstreetstation.com.au/images/gallery/fullsize/imageN3340104262.jpg

http://www.spencerstreetstation.com.au/images/gallery/fullsize/imageN3340104377.jpg

http://www.spencerstreetstation.com.au/images/gallery/fullsize/imageN3340104933.jpg

from spencer st station redevelopment site.

[tayser]

updates by various people on SSC, sirbugalugs, uewepuep, mugley, silvermb and probably a shitload more ;)

Freshwater & Queensbridge Square

http://web.aanet.com.au/sirbugalugs/21-01-2006/pics%20113_1.jpg

http://web.aanet.com.au/sirbugalugs/21-01-2006/pics%20120_1.jpg

http://img67.imageshack.us/img67/7294/FWPvertiPM2.jpg

http://www.melbournephotos.net/images/2006-01-20%20Melbourne%20-%20Stormy%20Southbank%20/queensbridgesquare.jpg

Eureka

http://web.aanet.com.au/sirbugalugs/eureka%20morning/pics%201991_1.jpg

http://web.aanet.com.au/sirbugalugs/eureka%20morning/pics%20026121_1.jpg

http://i7.photobucket.com/albums/y260/sC_apache/temp.jpg
http://static.flickr.com/15/88539533_5562756756_o.jpg

http://static.flickr.com/39/86796025_0160d8be93_o.jpg
http://static.flickr.com/35/88173780_155aebac03_o.jpg

Urban Workshop

http://silvermb.thehoddlegrid.net/uw20051220.jpg

http://img76.imageshack.us/img76/7534/uwlandmark3wz.jpg

Southern Cross hotel redevelopment

http://img76.imageshack.us/img76/8120/shinysx9vk.jpg

http://img76.imageshack.us/img76/4936/sxfromltcollins6xv.jpg

http://img76.imageshack.us/img76/1885/sxwithnauru1qy.jpg

and a new render of the whole development:

http://web.aanet.com.au/nmharrison/sx%201%20&%202.jpg

Southern Cross Station

http://www.spencerstreetstation.com.au/images/gallery/fullsize/imageN3346846317.jpg

http://www.spencerstreetstation.com.au/images/gallery/fullsize/imageN3346846227.jpg

http://www.spencerstreetstation.com.au/images/gallery/fullsize/imageN3346844608.jpg

http://www.spencerstreetstation.com.au/images/gallery/fullsize/imageN3346845613.jpg

Verve 501 & Milano

http://silvermb.thehoddlegrid.net/svm200512.jpg

http://web.aanet.com.au/nmharrison/07-12-2005/verve%20501%201%20web.jpg

that's all the big stuff still U/C atm.

EDIT: 27/09/08 replaced IMG with links (to reduce pic spam)

[kazpmk]

great update

[Sirus]

I love Melbourne. You guy's know how it's done.

Thanks for the update.

[tayser]

vvarious pics by various OZScraperarians

http://static.flickr.com/45/125026633_ed51b58510_o.jpg

http://static.flickr.com/48/125026630_8c6f41dd92_o.jpg

http://static.flickr.com/49/125026628_b8dabe9154_o.jpg

great one by sako:

http://img236.imageshack.us/img236/7526/bretandbrentateureaka0215pv.jpg

New Convention centre:

http://www.plenarygroup.com.au/templates/default/images/mod_projects/MECCAerial_lowres.jpg

http://www.mcvb.com.au/images/mcc-development-plenary-full.jpg

New St. Kilda Road towers bout to go U/C or get approved etc.

Alto:

http://img.domain.com.au/img/3505/2005372620_1_FS.JPG?mod=060118-210654

Grosvenor:

http://www.aussiehome.com/images/properties/86083/86083_MP1.jpg

505 St Kilda Road

http://web.aanet.com.au/nmharrison/505%20st%20kilda.jpg

Everyone's favourite, Yve, nearing completion.

http://web.aanet.com.au/sirbugalugs/7-2-2006/st%20kilda%20rd/pics%201621_1.jpg

http://web.aanet.com.au/sirbugalugs/7-2-2006/st%20kilda%20rd/pics%200611_1.jpg

One of our best ever make-overs, Holiday Inn - Hallmark, before:

http://www.skyscrapercity.com/photopost/data/510/135hallmark1191203.jpg

after:

http://web.aanet.com.au/sirbugalugs/21-01-2006/pics%20228rs_1.jpg

New Soccer/Rugby stadium to be built, 20,000, scalable to 25,000.

http://img124.imageshack.us/img124/3815/melbparkstadium3ok.jpg

Prima slightly increased in height, design change (one less 'wing')

http://web.aanet.com.au/nmharrison/Prima2%20web.jpg

SX1 is complete:

http://silvermb.thehoddlegrid.net/sc200603.jpg

EDIT 27/09/08, replaced IMG with links to reduce bandwidth

[tayser]

things are pretty quiet ...................... for now:

Only blue skies ahead for landlords
Mathew Dunckley
3 August 2006
Australian Financial Review

Melbourne OFFICE SQUEEZE

CBD SNAPSHOT
Total vacancy rate 7.5%
Total stock 3,587,321 sq m
6-month net absorption 173,121 sq m (1.8 million square feet).
New development 2007 92,623 sq m

Source: Property Council of Australia

Melbourne CBD landlords look set, at last, to see some lift in rents, after years spent looking at a sky filled with cranes and putting up with tenants holding the whip.

The latest Property Council of Australia Office Market Report figures show the vacancy rate for the CBD dropped from 8.3 per cent to 7.5 per cent in the six months to the end of June.

That figure, although slightly above the national CBD average of 6.5 per cent, was the best since January 2003 and was achieved despite substantial provision of new space.

The statistics showed record net absorption of 173,000 square metres, doubling the previous best result posted a year ago.

Colliers International head of commercial leasing Andrew Tracey said that incentives had slid by between 5 per cent and 7 per cent in the past 12 months from a high of about 20 per cent, and that was beginning to push up effective rents.

Since 2003 just under 500,000 sq m of new space was added to the CBD marketplace, increasing its size by 15 per cent.

But that had largely stopped and construction was now in a lull that would last until 2008 or 2009.

Mr Tracey compared the situation to previous stalls in the development cycle when tenants faced rent increases of up to 170 per cent.

Rises of that order were not as likely this time around due to longer-term leases, he said.

"We have filled everything we have built and there is now a shortage of premium space," he said. Things are certainly heading in favour of the landlord."

Threats to the market were more at a macro-economic level than property-driven, he said. "Vacancy rates are all about employment and the economy."

Property Council executive director Jennifer Cunich said Premium, A, C and D-grade markets all reported improvements in their vacancy rates.

"Melbourne's CBD continues to power along," she said.

"In the case of premium grade buildings the improvement was more than 3 per cent.

"While there has been an increase in the B-grade vacancy, this can be attributed to a large supply addition to this segment of almost 22,000 sq m."

Outside the Hoddle grid the news was not as rosy. The relatively small East Melbourne market was one of the worst performing non-CBD markets in the country with a vacancy rate of more than 10 per cent.

The St Kilda Road precinct, which Mr Tracey said was unfairly maligned, also held its ground. The vacancy rate dropped 0.7 per cent to 9.4 per cent.

Elsewhere, Ms Cunich said Southbank posted a modest (0.6 per cent) improvement in its vacancy rate to 8.2 per cent.

"Southbank has traditionally operated with a vacancy rate of between 8 and 9 per cent, so this result probably suggests that the area is at equilibrium levels.

"However, with no significant stock additions expected in the near future, and with the strong growth experienced in this segment, we will probably see steady improvements in the vacancy rate," she said.

Ms Cunich said the encouraging sign for St Kilda Road was that the turnaround was driven by increased demand, not the withdrawal of space.

Knight Frank Victorian managing director Paul Burns said the net absorption looked strong on historical comparisons but the market needed to adapt to provide 100,000 sq m of space annually to meet demand from a growing economy.

"Looking at what is in the pipeline, there is an 18-month period when there isn't going to be any new supply," he said.

_____________________________

Flat shortage a welcome sign
Mark Phillips
3 August 2006
Australian Financial Review

A looming undersupply of new apartments in the Melbourne central business district is good news for investors, according to PRDnationwide.

The national real estate agency forecasts that the City of Melbourne residential market will be undersupplied by 2009.

Slowing growth in dwellings, population growth and falling vacancy rates point to the market having started to turn around, luring investors back, PRDnationwide's research suggests.

"We are starting to see the beginning of the new cycle," said Tim Storey, managing director of PRDnationwide's Melbourne corporate office.

"This has largely been driven by improving demand as astute investors pick up affordable properties left over from the last cycle and start to look for new opportunities," Mr Storey said.

"As rents improve, so will the depth of this investor market."

The last development cycle followed pent-up demand caused by rapid population growth.

The CBD's population grew by 36.4 per cent in 2000 to 6963, followed by a 28.6 per cent increase in the number of dwellings in 2001 to 5494.

Development peaked in 2002, when the number of dwellings in Southbank and Docklands grew by 39.6 per cent and 407.9 per cent respectively.

PRDnationwide has identified 2714 apartments at the planning or construction stage in the CBD, including 681 student apartments and 451 serviced apartments.

Across the City of Melbourne - which includes Docklands, Southbank, St Kilda Road and Queens Road - 5320 apartments are planned or under construction.

But dwelling growth will fall by 54.8 per cent this year and 62.1 per cent next year in the CBD, while 90 per cent of apartments in planning or construction are due for completion by 2008.

In common with other capital cities, Melbourne has been characterised in recent months by a tightening of rental vacancy rates as supply and demand become more closely aligned.

Vacancy rates in the CBD were 2.5 per cent in February, compared with 7.6 per cent in October 2002.

Rents in the City of Melbourne and the inner city rose 29.7 per cent and 14.9 per cent respectively between 1999 and 2005.

In March, average inner-city apartment rents were $390 a week, while across the City of Melbourne they were $361 a week.

As supply and demand moved closer together and rental returns increased, investors were poised to return to a market they had largely abandoned over the past three to four years, PRDnationwide said.

Mr Storey said the apartment market had been skewed towards owner-occupiers over the past couple of years, but a return to market fundamentals would create a more favourable environment for investors.

There would not be a development boom, but there should be a pick-up in development of well-located sites.

[Fabb]

Prima slightly increased in height, design change (one less 'wing')

http://web.aanet.com.au/nmharrison/Prima2%20web.jpg


I like it even more !

[JoeBox]

Impressive!

[Melburn]

Many of the buildings depicted here have already been constructed. The biggest project being the Eureka tower -world's tallest apartment building, in the category of highest occupied floor and ceiling level.

Top image, skyline circa 2001. Bottom 2030 projection.

http://www.skyscrapernews.com/images/pics/731MelbourneSkylinein2020_pic1.jpg

It is also worth noting the entire port/docks area in the foreground has been relocated from the inner city area and this is a hive of construction activity. APartments, parks, and piazzas are all built of being built in this 'docklands' precinct.

http://docklands.com

[James Bond Agent 007]

^
There was already an existing Melbourne thread so I merged your thread into that other one.

Keep up the good work, Aussies! :)

[Melburn]

Yeah Bond, Cool.
I think i'll head down to my local vantage point to snap some pics tomorrow -melbs has a crazy different perspective when you photograph it looking south west from the top (N.E.) corner... Stay tuned!

[tayser]

Time to mass spam this thread! Projects that are planned/approved/selling/U/C (most are approved/selling/UC).

originally compiled and posted by melbourne12 on OzScrapers.


560 Flinders St - 29F tower
http://www.propertylook.com.au/listings/CBRE/CBRE_61/300/CBRE_61_95683_124887.jpg

567 Collins Street - 26F/113m
http://img441.imageshack.us/img441/9163/5671aw7.jpg

http://img443.imageshack.us/img443/3569/5672zy5.jpg

534 Flinders Street - 28F tower
http://img341.imageshack.us/img341/4420/5344flinderswc9.th.jpg (http://img341.imageshack.us/my.php?image=5344flinderswc9.jpg)

30 A'Bekket St tower - 30F
http://img174.imageshack.us/img174/2453/abekketstreetyr3.jpg

http://img185.imageshack.us/img185/1350/abekketstreet1on9.jpg


Barton Tower - 46F/152m
http://img266.imageshack.us/img266/272/bartontoweroy0.jpg

171 Collins Street - 81m
http://img441.imageshack.us/img441/1840/171collinsfk9.jpg

Media House
http://img135.imageshack.us/img135/771/ageac8.jpg

ANZ HQ @ Docklands - More than 100,000sqm
http://img62.imageshack.us/img62/5203/anzrp0.jpg

http://img151.imageshack.us/img151/2442/anz1am6.jpg

SX2 Tower - 90m
http://img255.imageshack.us/img255/7458/bitmapdisplaytt6.jpg

CBW
http://img151.imageshack.us/img151/9688/cbwwf8ub0.jpg

Chapel Street
http://img169.imageshack.us/img169/9818/chapelstdb4.jpg


CUB development - 6 towers ft 229m tower +50m Beacon 279m
http://img443.imageshack.us/img443/9773/cubnu7.jpg

http://img174.imageshack.us/img174/8037/cub1fa8.jpg

http://img185.imageshack.us/img185/7673/cub3us3.jpg

http://img135.imageshack.us/img135/6623/cubyz1.jpg


Devine Hotel on Bourke St - Approx 90m
http://img242.imageshack.us/img242/1588/devinehotelcd5.jpg


Freshwater Place Tower 3 - 103m
http://img441.imageshack.us/img441/3135/fwp3fp5.bmp


Northbank Place
http://img443.imageshack.us/img443/2304/northbankgi9.jpg

Scotts Church development
http://img242.imageshack.us/img242/86/scottschurchfb6.jpg

SouthbankOne - 43 Storey Apartment building
http://img441.imageshack.us/img441/3876/southbankonext4.jpg

http://img266.imageshack.us/img266/6971/southbankone1ic0.jpg


Travelodge @ Docklands
http://img267.imageshack.us/img267/5386/travelodgecn4.jpg

Village Docklands - Including 1 tower @ 155m
http://img443.imageshack.us/img443/6421/villagedocklands1pl4.jpg

http://img441.imageshack.us/img441/1779/villagedocklandsqi0.jpg

Vue Grande - 107m apartment tower
http://img174.imageshack.us/img174/4868/vuegrandevo9.jpg


Zen Apartments - 193m Apartment tower
http://img135.imageshack.us/img135/4427/zenapartmentsnn7.jpg

East End Apartments - 29F 94m
http://img265.imageshack.us/img265/1718/8eastendwy8.jpg

109 Clarendon -34F 110m
http://img75.imageshack.us/img75/4127/clarendonwy2.jpg

http://img62.imageshack.us/img62/6761/clarendon1ji2.jpg

357 Collins Refurb
http://img340.imageshack.us/img340/5149/357collinsnb2fu7.jpg

1000 Latrobe Street
http://img266.imageshack.us/img266/1703/1000latrobeoi1.jpg

368 Little Collins Street - 200m residential tower or 140m office tower

Resi (200m)
http://img105.imageshack.us/img105/7562/cosonbourketp6.jpg

Office (140m)
http://img293.imageshack.us/img293/6314/cosonbourkewd3.jpg

Former Argus Newspaper Building
http://www.propertylook.com.au/listings/CJ/CJ_21/300/CJ_21_25660_15220.jpg

Crown Tower 3 - 100m Hotel
http://img293.imageshack.us/img293/1938/crownxm2.jpg

http://img62.imageshack.us/img62/6061/crownfh8.jpg

http://img258.imageshack.us/img258/1165/crownca4.gif

Fun Factory Site
http://img151.imageshack.us/img151/3527/funfactoryyk5.jpg

Whitely
http://img62.imageshack.us/img62/2306/whitelylq5.jpg

9 Yarra/ & Yarra
http://img62.imageshack.us/img62/8624/9yarra7yarrastbm5.jpg
http://img258.imageshack.us/img258/9264/23118158vu3.jpg

The Olsen
http://img258.imageshack.us/img258/4406/olsenbb7.jpg

The Guage
http://img255.imageshack.us/img255/5072/guagedj8.bmp

National Foods HQ
http://img512.imageshack.us/img512/9012/nationalfoodsvx8.jpg

NorthEast Stadium Precint Docklands - 15F+18F tower
http://img57.imageshack.us/img57/1776/northstadiumprecintam5.jpg

http://img265.imageshack.us/img265/2803/northeastnf1.jpg

Montage
http://img75.imageshack.us/img75/8180/montagebc6.jpg

Prima Tower - 226m residential tower
http://img61.imageshack.us/img61/6357/prima2webyc3.jpg

Triptych
http://img75.imageshack.us/img75/3852/tryptechyl1.jpg

33 Mackenzie St/15 storeys

http://silvermb.thehoddlegrid.net/33mck.jpg

Uniting Church tower/20 storeys

http://www.theage.com.au/ffximage/2007/05/16/svUNITING_wideweb__470x434,0.jpg

388 William Street/72,000sqm/6 Star Green Star rating

http://img176.imageshack.us/img176/4650/388wza9.jpg (http://imageshack.us)

212 Victoria St/12 storeys/6 Star Green Star rating

http://img47.imageshack.us/img47/2100/212victoriastpz0.jpg (http://imageshack.us)

David Jones $80m refurb:

http://www.news.com.au/common/imagedata/0,,5760447,00.jpg

198 Berkely Street, Carlton
http://www.ecom.unimelb.edu.au/template-assets/images/p_new_building.jpg

One East Melbourne
http://img246.imageshack.us/img246/4637/1eastmelbournehm5rm8.jpg

Lucient
http://img179.imageshack.us/img179/3356/lucienttl3in9.jpg

Balencia
http://img177.imageshack.us/img177/2703/balenciapl2.bmp

505 St. Kilda Rd
http://img246.imageshack.us/img246/3619/505cj1.bmp

South Wharf
http://img242.imageshack.us/img242/6809/0582044000kg6.jpg

http://img169.imageshack.us/img169/2931/swnf9.jpg

Convention Centre
http://img441.imageshack.us/img441/8022/convention1ye5.jpg
http://img267.imageshack.us/img267/4348/convenlc4.jpg

World Trade Centre Reno
http://img185.imageshack.us/img185/6164/wtov5.jpg

Myer Redevelopment
http://img266.imageshack.us/img266/2130/myer1zs2.jpg

http://img267.imageshack.us/img267/9672/myer2ue3.jpg

http://img441.imageshack.us/img441/3470/myer3gy7.jpg

Royal Childrens Hospital
http://img151.imageshack.us/img151/2892/hospital01ne7.jpg

http://img169.imageshack.us/img169/4738/hospital02tq4.jpg

Melbourne Observation Wheel
http://img62.imageshack.us/img62/7446/observationwheelxv6.jpg

Recital Centre
http://img151.imageshack.us/img151/3240/recitalhv0.jpg

Rectangular Stadium
http://img255.imageshack.us/img255/9417/stadqe5.jpg

http://img151.imageshack.us/img151/7139/stadiumfk6.jpg

http://img293.imageshack.us/img293/6886/dtadah7.jpg

EDIT (7/4/08): changed from IMG to just links.

[James Bond Agent 007]

Thanks for the updates Tayser. Glad to see an Aussie stop by SSP now and then. ;)

[bryson662001]

"On the Beach" was on Turner Cable in the U.S. tonight. Melbourne looked pretty good in 1959. Yet what a change from today.

[tayser]

^ the re-make was on Hallmark in Australia last night :haha:

[tayser]

new kid on the block in Docklands:

ISPT, CBus Confirm $700 Million Bourke Junction Development, Docklands. Suncorp Major Tenant.

Written by Company Announcement
Monday, 07 April 2008
Industry Superannuation Property Trust (ISPT), Cbus Property and EPC Partners today announced their joint venture to develop the new $700 million South East Stadium Precinct (SESP) at Docklands in Melbourne.

Following an extensive bidding process, the successful Bourke Junction consortium today announced it had entered a development agreement with VicUrban, the state’s sustainable urban development authority, for the project to be known as Bourke Junction.

The five building mixed use project will comprise over 150,000 square metres of built area including the development of two landmark commercial towers; a 250 room hotel; restaurant and bar facilities; and a five level mixed-use building incorporating a medical centre, retail facilities, a business club and gymnasium.

Bourke Junction occupies a prominent site adjacent to Telstra Dome, on the corner of Bourke Street and Wurundjeri Way, and will improve pedestrian access in the precinct through the construction of additional pathways from the Bourke Street concourse, between Southern Cross Station and the stadium, and the establishment of new laneways.

The project’s design initiatives include a blackwater treatment system, solar hot water systems and extensive facilities for cyclists.

The 29 storey northern building will be jointly developed by ISPT and Cbus Property and will incorporate approximately 45,000 square metres of 5 Star Green Star commercial office space as well as approximately 1,140 square metres of retail space. ISPT and Cbus are well advanced in securing office space pre commitments from two major corporations.

The southern building and hotel are being jointly developed by ISPT and EPC Partners. The landmark office building will have a net lettable area of approximately 35,000 square metres over 21 levels, with floorplates averaging 2,000 square metres. The hotel is proposed to house 250 rooms and be a 4 star operation. ISPT and EPC Partners have confirmed leading diversified financial services provider, Suncorp, has committed to the lower rise of the office tower, representing approximately half the NLA.

Both buildings will feature two lobbies, one at a concourse level and one at the Bourke Street level.

Construction is scheduled to commence in the second half of 2008 and the project will be delivered in stages with final completion scheduled for 2012. Architectural firm Hassell are responsible for the masterplan and South Tower, Hotel and central building design and Woods Bagot are responsible for the North Tower design.

The project aims to improve access to and from Telstra Dome but will also provide enhanced connections between Docklands and Melbourne CBD, dramatically easing the foot traffic congestion that currently occurs on event days.

Representatives of the Bourke Junction consortium made these comments at the official launch today.

ISPT Chief Executive Officer, Mr Daryl Browning said ISPT with our partners EPC and Cbus Property are proud to be involved in a project of this scale and significance and shares VicUrban’s commitment to ensure Bourke Junction performs to the highest environmental standards.

“Bourke Junction will be developed to a high environmental performance standard and has been registered for a Green Star design rating. We look forward to working closely with our joint venture partners to deliver a project that will transform this key site into a vibrant business precinct and provide a significant boost to the entire Docklands area,” Mr Browning said.

Cbus Property Chief Executive Officer, Mr Adrian Pozzo said he was delighted to announce the joint acquisition of the Dockland’s premier commercial site.
“This development represents Cbus Property’s third major successive commercial development in Melbourne, having completed 8 Exhibition Street in 2005 (45,000
square metres) and CBW at the corner of Bourke and William Streets (75,000 square metres) which is approaching completion,” Mr Pozzo said EPC Partners founder and Managing Director, Mr Patrick Smith, who initiated and co-ordinated the consortium bid said EPC was proud to be a partner in the Bourke
Junction development and believed the consortium had the right blend of expertise to deliver a truly outstanding development for Docklands and Melbourne.

“Bourke Junction represents an important next step for both EPC and in the continued integration of Docklands with the CBD. We are excited to be involved in
this landmark project and, with our partners, intend to deliver a genuinely design focussed outcome which will be truly exciting for Docklands and all of Melbourne,” Mr Smith said.

Suncorp Executive General Manager, Corporate Real Estate, Mr Peter Affleck said location emerged as a key factor influencing the Group’s selection of the 740 Bourke Street site.

“Feedback from staff workshops indicated that access to a range of transport options and proximity to the CBD were important to our staff,” Mr Affleck said.

“Signage rights at the new premises will also provide us with an ideal opportunity to reinforce Suncorp’s national reach and Top 25 listed company status within Australia’s emerging premier financial services district.”

Mr Affleck said the move to Bourke Junction was also consistent with Suncorp’s national real estate strategy to consolidate its staff in environmentally sustainable, long term A-grade sites.

http://www.realestatesource.com.au/Victoria/ISPT-CBus-Confirm-$700-Million-Bourke-Junction-Development-Docklands.-Suncorp-Major-Tenant.html

caps taken by Shumway.

http://img182.imageshack.us/img182/4613/stadiumedited1gs5.jpg

http://img245.imageshack.us/img245/3050/stadiumedited2xp1.jpg

http://img260.imageshack.us/img260/9343/stadiumedited3wy4.jpg

http://img182.imageshack.us/img182/5673/stadiumedited4gp2.jpg

[tayser]

original pics by silvermb on OzScrapers.

ANZ Bank headquarters (largest office building in Australia)

http://silvermb.thehoddlegrid.net/anz200809.jpg

Towers 6, 7, 8, 9 and 10 have been updated on Mirvac's Yarra's Edge model:

http://silvermb.thehoddlegrid.net/ye200809.jpg

Melbourne Convention Centre expansion + new Hilton Hotel:

http://silvermb.thehoddlegrid.net/mcc200809.jpg

Crown's 3rd Hotel - renders originally posted by Grollo on Ozscrapers, construction pics silvermb.

http://web.aanet.com.au/nmharrison/crown%20third%201.jpg

http://web.aanet.com.au/nmharrison/crown%20third%202.jpg

http://web.aanet.com.au/nmharrison/crown%20third%203.jpg

http://silvermb.thehoddlegrid.net/cd200809.jpg

New resi on Southbank just started construction:

http://silvermb.thehoddlegrid.net/bk200809.jpg

http://silvermb.thehoddlegrid.net/bka200809.jpg

Zen apartments up the top end of the CBD, 190+ metres and will be opposite whatever goes up on the CUB site (see the thread in supertall proposals) - construction starts within a few months.

http://www.apartmentsuperstore.com/images/zenheroground.jpg

Balencia on St. Kilda Road nearing completion:

http://silvermb.thehoddlegrid.net/bca200809.jpg

Dockland's Stadium precinct, LaCrosse (originally posted by Grollo on OZScrapers:

http://web.aanet.com.au/nmharrison/lacrosse%201.jpg

http://web.aanet.com.au/nmharrison/lacrosse%202.jpg

http://web.aanet.com.au/nmharrison/lacrosse%203.jpg

http://web.aanet.com.au/nmharrison/lacrosse%204.jpg

http://web.aanet.com.au/nmharrison/lacrosse%205.jpg

[tayser]

updated posts so all old posts are now just links.

Victoria Harbour has also updated its model and released it latest two resi towers - Convesso Concavo. Originally posted by silvermb on OzScrapers

http://silvermb.thehoddlegrid.net/viccc.jpg

[KevinFromTexas]

Good stuff. Thanks for the updates, I've missed not seeing Australian cities here.

[Hoodrat]

Great updates

[tayser]

Check out the video for the Quattro precinct in Docklands: http://www.quattrocollinsstreet.com.au/

[tayser]

Some recent proposals.

3 x 200m proposals in the past two weeks.

#1 496-502 Elizabeth Street, opposite the Queen Victoria market - dunno what to think about this one actually, it's incredibly thin which would make it pretty unique in a Melbourne context, but if done really poorly, it will look like a total dog.

pics originally posted on OzScrapers: http://www.skyscrapercity.com/showthread.php?t=786432

http://i280.photobucket.com/albums/kk164/dan_cortese/n638048833_2100621_3833.jpg

http://i280.photobucket.com/albums/kk164/dan_cortese/n638048833_2100622_4213.jpg

http://i280.photobucket.com/albums/kk164/dan_cortese/n638048833_2100623_4573.jpg

#2 399 Bourke St by FK (designed Eurkea Tower) - everyone on OzScrapers has fallen in love with this. Right in the heart of the CBD, going to replace a post WWII rebuild 4 level piece of shit building on prime Bourke St frontage.

pics originally posted on Ozscrapers: http://www.skyscrapercity.com/showthread.php?t=811052

http://vq.id.au/img/2009/02/John_Proctor/399%20Bourke%201.jpg

http://vq.id.au/img/2009/02/John_Proctor/399%20Bourke%202.jpg

http://vq.id.au/img/2009/02/John_Proctor/399%20Bourke%203.jpg

http://vq.id.au/img/2009/02/John_Proctor/399%20Bourke%205.jpg

http://vq.id.au/img/2009/02/John_Proctor/399%20Bourke%206.jpg

#3 70 Southbank Blvd, also by FK. Another tower in the Southbank "forest"

pics originally posted on OZscrapers: http://www.skyscrapercity.com/showthread.php?t=811026

http://vq.id.au/img/2009/02/John_Proctor/70%20southbank%201.jpg

http://vq.id.au/img/2009/02/John_Proctor/70%20southbank%203.jpg

http://vq.id.au/img/2009/02/John_Proctor/70%20southbank%205.jpg

Others:

Half of the Age site has had proposals released, 2x residential towers, looks to have a retro theme going on... there's some sensitive heritage integration into this as well

pics originally posted on Ozscrapers: http://www.skyscrapercity.com/showthread.php?t=581777

http://www.hassell.com.au/uploadedImages/md_1232515748.jpghttp://www.hassell.com.au/uploadedImages/md_1232515712.jpg

http://www.hassell.com.au/uploadedImages/md_1232516167.jpghttp://www.hassell.com.au/uploadedImages/md_1232515828.jpg

Wrap Southbank (will go up next to the #3 200m tower by FK)

pic originally from the 70 Southbank blvd thread on OZScrapers

http://silvermb.thehoddlegrid.net/wrap.jpg