Construction works have commenced on 150 Lonsdale Street in Melbourne.
The early November commencement marks the continuation of Charter Hall Group's $1.5 billion Wesley Place Precinct, as construction moves forward at 140 Lonsdale Street and 'practical completion' reached at the commercial office building at 130 Lonsdale Street.
The $60 million upgrade and repositioning at 150 Lonsdale is due for completion in late 2021. The $350 million 140 Lonsdale Street A-Grade office tower will be the new Victorian home for the Australian Federal Police and is due for completion in 2022. Both projects received fast-track development approval from the Victorian Government earlier in the year, as part of Victoria's economic recovery.
Charter Hall appointed Lendlease as the construction partner for both projects.
Wesley Place has created more than 2000 jobs to date and will continue to employ more than 1500 people through the construction phases at 140 and 150 Lonsdale Street.
The repositioning of 150 Lonsdale Street will create a modern $300 million, 30,000-square metre commercial office building. A six-level podium extension and premium ground floor lobby experience will be integrated with a new pedestrian thoroughfare from Lonsdale Street through to Little Lonsdale Street.
The major upgrade will also provide tenant customers with a range of flexible amenity and technology integrations aligned with the broader Wesley Place precinct. These include a revitalised retail offering, a dedicated concierge, a wellness centre, hotel style end-of-trip facilities and a new business hub.
On completion, 140 Lonsdale Street will be a purpose built A-Grade office tower comprising 22,760 square metres of commercial space across 20 levels. To meet the evolving needs and challenges of Australian law enforcement, 140 Lonsdale Street has been fully customised to suit the bespoke requirements of the Australia Federal Police, and designed to allow flexibility, growth and transformation.
The building will showcase future-focused workspaces embedded with the latest technology, physical and digital security, energy efficiency and occupant well-being