Property group Lendlease is expected to start construction of a 25,000-square-metre tower in Melbourne, part of a $2 billion mixed-use scheme, after winning planning approval for its first commercial tower.
Planning Minister Richard Wynne has approved the first $200 million 11-level tower at 695 Collins Street, noting the public space created by the design of a sky-park.
Lendlease has secured pre-commitment from engineering company Arup, who will take out three floors in the building, to be known as One Melbourne Quarter.
It is the first of seven commercial and residential buildings planned for the 2.5-hectare site running between Collins and Flinders streets at the edge of the old city grid, linking it to Docklands.
Lendlease calls the project Melbourne Quarter.
Alongside the Collins Street extension into Docklands, Lendlease will build, in stages, a deck over Wurundjeri Way, to hold different elements of the project together.
The tower, designed by Denton Corker Marshall will sit next to a $2.5 billion project in Collins Square that property magnate Lang Walker is still building and trying to sell.
The Batman's Hill development will include more than 110,000 sqm NLA office space, 1,693 apartments and retail space, according to the Lendlease website.
