555 collins st
Artists impression of 555 Collins Street. Image Charter Hall.
  • Project set to create 1500 construction jobs
  • $1.5 billion project was fast-tracked by the Victorian Government last year
  • First tower will accommodate 4,500 workers upon completion

The first sod has been turned on the new $1.5 billion development on 555 Collins Street, with the project set to create over 1,500 constructions jobs.

The two towers will consist of 84,000sqm of Premium Grade office space and over 2,300sqm of retail across two stages.  The first tower will be anchored by global tech company Amazon and will accommodate around 4,500 workers once completed.

The project is a collaboration between owner-and-developer Charter Hall, Cox Architecture,  global design practice Gensler and Lendlease Construction.

The Victorian Government’s Building Recovery Taskforce fast-tracked the project back in May 2020 under an initiative to identify and accelerate property projects that were “shovel-ready.”

To date, the task force has fast-tracked over $1.2 billion worth of building and development projects to boost the Victorian economy, according to Tim Pallas, the Minister for Economic Development.

“This is exactly what our Building Recovery Taskforce was set up to do – find projects that will boost our economy and support Victorian jobs.”

“This investment will contribute billions of dollars to the Victorian tech economy in the next 10 years, cementing our position as the innovation state.”   

Tim Pallas, Minister for Economic Development

Adam Beavis, Managing Director Australia & New Zealand Amazon Web Services, said the company is excited to grow its workforce within the Melbourne CBD.

“We’re excited to be part of the reinvigoration of Melbourne CBD, by strengthening our local presence in the Victorian economy.

“Melbourne has a rich community of innovators, and we are looking forward to bringing Amazon’s growing local workforce to 555 Collins Street so we can continue to invent and innovate on behalf of customers across our Amazon and AWS businesses in Australia.”

Adam Beavis, Managing Director Aus & NZ Amazon

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