Pantscraper Melbourne development set to transform skyline
The $1 billion 447 Collins Street is set to transform Melbourne’s city skyline.
Colloquially dubbed the “Pantscraper” for its twin towers joined by a sky bridge, Cbus Property’s 42-storey mixed-use development comprises 49,000sqm premium-grade office space, a five-star W Hotel and 202 boutique residential apartments.
Designed by New York-based SHoP Architects and Melbourne-based Woods Bagot, 447 Collins Street will deliver Melbourne’s first WELL-rated building and have five-star NABERS and Green Star ratings.
Construction on 447 Collins Street has commenced and completion is anticipated for late 2019.
Three major legal firms, King & Wood Mallesons, HWL Ebsworth Lawyers and Gadens, have committed to office space.
King & Wood Mallesons was the first to commit, securing 8,345sqm, and was quickly followed by HWL Ebsworth Lawyers for 6,500sqm across three levels, and Gadens for 5,000sqm across two-and-a-half levels.
Sole leasing agent Colliers International is seeking other top-tier financial-sector tenants to fill the vacancies.
“447 Collins Street is now 60 percent leased,” national director of Colliers International’s Melbourne CBD Office Leasing team, Andrew Beasley, said.
“We have only four low-rise floors and three high-rise floors left to offer – and they’re likely to be leased quickly, if the other pre-commitments are any indication.”
Marriott International’s W Hotels brand will debut in Melbourne with a 294-room offering, including 40 suites, an Extreme Wow suite, gym and heated indoor pool, due to open in 2020.
“The vision is to activate the west end of Collins Street, with W Melbourne welcoming a bar, restaurant and spa to the precinct and encouraging people to linger at night,” Mr Beasley said.
The residential component of 447 Collins Street, being marketed as Collins Arch, will comprise 202 luxury one-, two- and three-bedroom apartments positioned across the building’s highest floors and oriented to maximise panoramic views of the city.
The sky bridge will house the residential amenities, including a statement pool with views from the 34th floor to the city below, a gym, wine cellars, residents’ lounge and two private dining rooms with a catering kitchen, accessed by residents from both east and west towers.
Penthouse residents on levels 38 and 39 will HAVE residences with indoor and outdoor living spaces.
“The idea of a city-within-a-city drove the design – we wanted to create a new amenity for Melbourne that will be an amazing place to live, work or play,” SHoP Architects principal, William Sharples, said.