Beulah's Southbank project expands
Beulah has acquired the Southbank neighbouring site in a strategic move that will allow Australia's tallest tower to now have four street frontages.
The footprint of the project known as Southbank by Beulah will now increase to 7,706sqm.
It will be Melbourne's tallest tower on its completion in around five years time.
It creates a rare island site that will activate Power Street, City Road, Southbank Blvd, Waterfall Lane and a new Melbourne Laneway.
The latest acquisition of the 1970s office block, Hanover House reportedly cost $40 million plus.
The acquisition will also allow for more space between the two towers, will increase the commercial offering to 50,000sqm as a result of larger, more flexible floorplates, will increase the public park to over 2,000sqm and will increase the community auditorium to 3,000 seats.
The design team of Cox Architecture in Melbourne and UNStudio in Amsterdam are currently in the process of preparing a submission to council to extend the lifestyle retail podium.
Beulah has released a new drawing from UNStudio, showcasing how the new design might look.
Southbank by Beulah will contain Australia's tallest tower rising 365.1 metres, some 102 levels with the second building set to rise 250m, some 59 floors.
The former proposal for the Hanover House site, at the north east corner of Power St, of a 43 floor building with offices and 449 apartments will not proceed.