Mirvac secure approval for 472 build-to-rent Melbourne apartment development

The two towers at 7 Spencer Street, which Mirvac bought for $200 million just over a year ago, will comprise a 32-storey build-to-rent tower with 472 apartments and a 20-storey commercial tower.

Mirvac secure approval for 472 build-to-rent Melbourne apartment development
Mirvac secure approval for 472 build-to-rent Melbourne apartment development

A two-tower mixed-use development in Melbourne's emerging Northbank precinct by developer Mirvac has received approval from the local council.

The two towers at 7 Spencer Street, which Mirvac bought for $200 million just over a year ago, will comprise a 32-storey build-to-rent tower with 472 apartments and a 20-storey commercial tower.

Craig Baudin, director at Fender Katsalidis, says that the approval of the project will be significant in bringing life to this part of the city.

“Our design is a vibrant new mixed-use precinct, consisting of two distinctive towers that will revitalise and reconnect this overlooked corner of the city,” he says.

The Fender Katsalidis design gives each of the towers its own identity in accordance with their uses while being connected at the podium level through a retail offering and commonality in materiality and colour palette.

The podium forms have been expressed as highly textured and landscaped components, above which sit the simpler and cleaner lines of the two tower forms.

The uses of the towers will give the area activity during and outside of business hours to activate this precinct while creating new laneway connections to the city and Southern Cross Station.

“Comprising a build-to-rent apartment building combined with a landmark office tower, this will be a lively new place to live and work and will leave its mark on Melbourne in a generous and meaningful way," Baudin says.

“With build-to-rent still a new typology in Melbourne, the project is unique by showing how it can engage and integrate with an adjacent office building within a single precinct.

"It signifies the direction of residential living in the city while also catering to agile workplaces with large, flexible floorplates,” Baudin added.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Mirvac Fender Katsalidis

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