First commercial tower in Cremorne's Nylex clock site tops out
Caydon's re-development of the iconic Nylex clock site in Cremorne, Melbourne saw the project's first building top out.
The nine-level, 8,800 sqm commercial tower at the site’s southeastern corner was fully leased to software company MYOB in 2018.
Probuild, which won the contract to build the commercial tower in May 2018, will complete construction of the top floor with full fit-out expected to be complete by mid-2020.
The building forms part of Caydon’s masterplan for the site known as The Malt District.
Development at the site incorporates retention of numerous concrete silos, as well as the Victoria Bitter sign and the famous Nylex clock, which will be fully restored and reinstated.
Amenities will include a micro-brewery and pub, while public green spaces, courtyards and laneways will connect new and old buildings in the mixed-use precinct with new roads, pedestrian and bicycle paths.
Major work on Stage Two of the project involving restoration and retention of heritage structures and assets is expected to progress in November with construction expected to begin on two further buildings designated for commercial use.
Work is also progressing on Coppins Corner, a 15 and 12 split-level tower featuring 209 one, two, and three-bedroom apartments, 60% of which have been sold.
