The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
URBAN LEADER AWARDS ARE BACK! START YOUR NOMINATIONS
URBAN LEADER AWARDS ARE BACK! START YOUR NOMINATIONS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
3
print
Print
ResidentialMon 23 Apr 18

Cbus Lodges Proposal for Spring Street Tower

eb026df3-c38d-409e-90fe-4612b0788e20

Cbus Property has submitted a development application for a residential tower on Spring Street in Melbourne’s CBD.

It is the second residential development on Spring Street for Cbus after launching 35 Spring Street – designed by Bates Smart – in early 2017.

The project, also designed by architecture firm Bates Smart, offers 84 apartments over 35-storeys – less than two and a half apartments per floor. Cbus acquired the site in September for about $70 million in an off-market purchase.

The site is currently home to Spring Street’s Mercure Melbourne Treasury Gardens Hotel.

Cbus’ proposal includes six one-bedroom, 24 two-bedroom and 48 three-bedroom apartments ranging from 133sq m to 207sq m. Six whole-level four-bedroom apartments and a dual-level penthouse will make up the remainder of the building’s units.

Related reading: City Shapers Podcast: Episode One — Cbus Property CEO Adrian Pozzo

Cbus Property1


Melbourne’s Spring Street has experienced a lot of development activity recently with Australian Unity’s headquarters mid-construction and Golden Age Group’s recent launch of their $500 million, 39-storey residential project at 85 Spring Street.

The $110 million Australian Unity building, designed by John Wardle, will become the new headquarters for the country’s largest healthcare property fund.

Cbus recently secured a $1 billion-plus development opportunity close to the Spring Street site, acquiring Singapore’s Chip Eng Seng embattled Tower Melbourne skyscraper as part of a massive aggregation of sites. Cbus paid $170 million for the four sites.

The image featured is of the site that's currently occupied by the Mercure Melbourne Treasury Gardens Hotel

ResidentialAustraliaMelbourneSector
ADVERTISEMENT
TOP STORIES
Exclusive

Robots Not a Miracle Cure for Housing Productivity Crisis

Vanessa Croll
6 Min
Exclusive

Where 600 Wealthy Families Are Putting Their Millions

Taryn Paris
6 Min
Brique Projects EDM
Exclusive

Brique Thrives in Cauldron of SE Queensland Development

Clare Burnett
7 Min
Henny Prime Henny Background
Exclusive

Why Henny and Prime Edition are Moving into Student Living

Leon Della Bosca
7 Min
Riverlee Seafarer's 1 Hotel HERO
Exclusive

Melbourne’s North Bank Awakens After Decades of Dormancy

Leon Della Bosca
8 Min
View All >
Community

Urbanity Day One: Five Key Takeaways

Leon Della Bosca
Exclusive

Robots Not a Miracle Cure for Housing Productivity Crisis

Vanessa Croll
Markets

Turn of the Tide as Supercycles Track Upwards

Clare Burnett
As markets reach the bottom and green shoots of growth appear, the eyes of the industry are on who will benefit most…
LATEST
Community

Urbanity Day One: Five Key Takeaways

Leon Della Bosca
17 Min
Exclusive

Robots Not a Miracle Cure for Housing Productivity Crisis

Vanessa Croll
6 Min
Markets

Turn of the Tide as Supercycles Track Upwards

Clare Burnett
5 Min
Development

Get Parked Turns Sites-in-Waiting into Revenue Stream

Partner Content
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/cbus-lodges-proposal-for-spring-street-tower