Brookfield Properties is calling it a rebirth of Melbourne's core in the CBD.
Brookfield Properties and ISPT have topped out the 66,000-square metre office and retail development at 405 Bourke Street in Melbourne.
The development should bring more than 6000 workers and a new retail laneway to the site – enabling a greater pedestrian flow to the north and south of the city.
NAB has leased 100 percent of the building's office space.
"Today's milestone is made even more remarkable given the significant impact of the global pandemic we have experienced here in Victoria," says Will Green, project director at Brookfield properties, "which at times reduced our allowable on-site construction workforce to just 25 percent capacity."
"Utilising a complex amalgam of freehold land, some existing structure and air space rights above a neighbouring apartment building, we have cantilevered over an apartment complex to provide both an arresting architectural feature and provide very large floor plates in a high-rise tower," Green adds.
Daryl Browning, CEO of ISPT, says, "405 Bourke Street represents a milestone achievement towards the growth of Melbourne’s mid-town precinct and the western end of the CBD. The team is delivering a highly visible and connected commercial hub that is raising the bar for agile workplace design. We’re pleased to be partnering with Brookfield Properties on this project, while continuing our 20-plus year partnership with NAB, which is a valued partner to ISPT and the anchor customer in the new tower."
The CBD development is a strong step for the district, which now competes with developments in nearby Southbank and Docklands precincts. "As Southbank and the Docklands is largely built out and the western boundaries of the CBD mature," says Carl Schibrowski, executive vice president and co-head of Brookfield Properties, "we saw this development as an opportunity to transform the CBD from its very core, and to add to the more than $1 billion in private investment that was already occurring in the area surrounding the site."
Other amenities include more than 170 car spaces, over 600 bike racks and premium end-of-trip facilities immediately accessible from Little Collins Street. The development at 405 Bourke Street is targeting a 5 Star Green Star Office Design rating and will target a minimum 5 Star NABERS Energy Rating post completion.