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CBD | 13-23 Spring Street | 35L | ~125m | Residential

melbourne's picture

No renders as yet, but I'm sure they're not too far away.

Cbus proposes 35 level tower near prominent CBD corner

Cbus Property is wasting no time redeveloping one of the city’s most under-utilised sites, which it bought seven months ago, off-market, for a reported price of more than $70 million.

The local super fund has applied to replace 13-23 Spring Street, near the city’s south-east tip, with a 35-storey apartment complex containing 84 presumably oversized flats.

Opposite Treasury Gardens, the proposed 125-metre tall tower will replace the 12 -storey 164-suite Mercure Hotel and rise above the Harry Seidler designed, 24-level, 1 Spring Street office, next door, on the corner of Flinders Street.

Cbus Property is responsible for Spring Street’s last major apartment tower at number 35. This high-end building, at the north west corner of Flinders Lane, metres from the 1311 square metre Mercure site, rises 43 storeys and includes 270 apartments. It replaced a brown 12-storey office.

Further north, at 271 Spring Street, ISPT has recently developed a new office part-tenanted to Australian Unity.

In February it was reported Cbus Property was paying about $180 million for adjoining CBD sites at 140 and 150 Queen Street and 27 McKillop street.

This approximate 3000 square metre parcel is expected to be replaced with several skyscrapers.

Cbus Property is also behind one of the city’s most distinctive proposed new buildings – Collins Arch, also dubbed the “pantscraper”, which is being built at 447 Collins Street.


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