A residential tower developed as a joint venture by Mitsubishi Estate Asia and Lendlease has reached practical completion in the $2.9 billion Melbourne Quarter precinct.
The 40-storey high East Tower at 628 Flinders Street, Docklands comprises 719 apartments, all of which have been sold prior to its completion.
The Fender Katsalidis-designed building also includes three floors of amenities including private dining spaces, a residents’ lounge, theatre, pool, spa, sauna and gym.
The achievement of practical completion is the culmination of more than 1,280,000 people hours of construction work.
Construction in the precinct started in 2016 and once complete it is expected to accommodate 13,000 workers and 3,000 residents across the 2.5-hectare site by 2024.
Managing director of property development Matthew Mears said this is the largest apartment tower Lendlease has ever built.
“The completion and sell-out of East Tower signals not just a key milestone in the creation of Melbourne Quarter, but also a moment in Lendlease’s 61-year history in Australia.
“It is another example of our capability to deliver large scale mixed use urban precincts like Melbourne Quarter through our integrated business model and deepen our expertise and sophistication in creating great places,” Mears said.
The completion of East Tower works has also seen the restoration of a significant heritage wall along Flinders Street.
Constructed in 1890 by Victorian Railways, the 174-metre retaining wall has been secured, preserved and integrated into Melbourne Quarter as part of a new “grand porte-cochère” (doorway) arrival experience to the residential precinct.
Despite positive outcomes in Lendlease's precinct the broader Melbourne region has felt the economic brunt of Covid.