- Hickory will be udnertaking the build
- The GRV of the project has increased from $200M to $410M
- Will house 367 apartments and a 200-room hotel
Developer Time & Place has received an amended permit for its $410 million mixed-use project ‘The Queensbridge Building’.
Development partner and construction specialist, Hickory, has been appointed to undertake the build, with construction to commence imminently.
Recently, the developer acquired a neighbouring 430sqm landholding from Crown, which allows for the extension of the building’s podium and overall footprint.
The acquisition of the adjacent site creates a total of 1,370 sqm parcel of land. It also increases the GRV from $200 million to $400 million, while allowing for many amenities within the building.
The Future Melbourne Committee unanimously supported the permit amendment, which allows for an increase in apartments from 250 to 367 and a 200-room hotel.
As part of the amendment, Time & Place had to address the concerns that DELWP had with the previous permit submitted.
Southbank’s time to shine
Time & Place director Tim Price said they were passionate about the evolution of the Queensbridge precinct of Southbank.
“Acquiring the site at 15-23 Kings Way allows for a significant expansion in amenity and reinforces our development ethos to cultivate community-centric designs,” he said.
“We envision the building becoming a destination that promotes social interaction and engagement, with the first floors of the building spilling into the surrounding street and creating a vibrant interface with the public.
Tim Price, Time & Place
“This is a project about accessibility, we want to connect with Melbourne’s urban life and invite the people of this neighbourhood to feel a sense of belonging at Queensbridge – to come in and engage with the community-centric shared spaces.”
“We share a vision with Hickory and we are aligned in our commitment to creating high-quality projects that respond to the demands of our customers – to create a strong sense of place and an exceptional place to both live and visit.
“This is a significant milestone for the building, and we are looking forward to delivering a project that we can all be proud of.”
Sales director James Herbert commented the presales had so far been strong, with buyers including first-home buyers, right-sizers and investors.
“Right-sizers specifically are looking for a building that meets their needs in terms of amenity, they are attracted to the unique experiences and community spirit that our Clubhouse will provide, “ said Mr Herbert.
“With the flight to regional living through the pandemic, we are now seeing strong interest from out of towners looking for an inner-city crash pad – Queensbridge offers an attractive location to visit the CBD for work, or for a weekend to enjoy the surrounding dining and arts precinct.”
James Herbert, Time & Place
Hickory Managing Director, Michael Argyrou, added their relationship with Time & Place was continuing to grow.
“Hickory’s main motivation has always been to help create the places in which we live, work and play.
“Together with Time & Place we share a common goal to create a tower that pays homage to the city that we love.
“A partnership which truly reflects Melbourne and explores the art of vertical homes, placemaking, construction and hospitality.”