A century after the State Savings Bank of Victoria opened its doors on Collins Street to serve Melbourne’s post-Gold Rush prosperity, the heritage-listed building is entering a new chapter as the cornerstone of a 41-storey highrise.
Melbourne developer Sterling Global has won approval for its $590-million development at 623 Collins Street that includes the Plus Studio-designed tower rising above a podium that integrates the former bank building.
The development will deliver 320 apartments across four collections, alongside commercial office space and retail components.
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