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Premium Member
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9,554 Posts
Yes, I drove past No.17 today and noticed that demo had started. Not wasting any time, and great to see such a misfit of a building bite the dust.

P.S. Could a MOD update the title to "demo", please.
 

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Rhino
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713 Posts
1 Spring Street refurb tender info I could find:

Project Budget $50m - $100m

Architectural -
• Expand & refurbish the EOT facility
• Levels 1-3 ; Complete refurbishment / re-tasking to warm shell fitout
• Levels 2-28 ; refurbish / upgrade all lift lobbies and amenities
• Façade / Structure – new façade openings on L1-3.

Services -
• Mechanical – significant plant changes, replace all chillers, boilers pumps etc. New mech for L1-3 layouts, modify carpark exhaust system
• Fire – modification to suit new lobbies & amenities, L1-3 works, compliance works on L4-28.
• Electrical - modify MSB and DBs, new lighting control, new RCD protection to all boards, modification to suit new lobbies & amenities, L1-3 works etc
• Hydraulics – modifications to suit café & amenities works
• Lifts –major overhaul, escalators complete replacement


https://app.estimateone.com/s/probuild-vic/stage/186584
 

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2,743 Posts
From AFR

An interstate buyer on the hunt for a Melbourne perch has secured the penthouse at Cbus Property's luxury apartment tower project at the east end of the Melbourne CBD for $16 million.

The two-level apartment spans 468 square metres and includes a terrace and private pool at the 17 Spring Street address. With the penthouse deal in hand, committed contracts across the $300 million development have passed $250 million. The average sale price for the ritzy units is around $4 million apiece.

Overlooking the Treasury Gardens, the project is one of the most upmarket so far attempted by the development arm of the construction industry fund, Cbus.

It is understood the latest buyer into the 33-level tower will use the penthouse as their Melbourne residence.

Designed by Bates Smart, the project has just 73 boutique apartments. Entry prices for a two-bedroom apartment began at $2 million. That represents a starting price of $20,000 or more per square metre.

"The sale of the penthouse closely follows the sale of two whole-floor residences and we have experienced numerous requests from buyers wanting to amalgamate residences, which we anticipated when working on the floor plans with Bates Smart," said Cbus Property’s chief executive Officer, Adrian Pozzo,

“At the Paris end of the CBD, 17 Spring St has the very best of Melbourne on its doorstep."

Only seven apartments remain for sale, including three whole-floor apartments and four three-bedroom apartments.

Cbus swooped on the property, formerly occupied by a Mercure-branded hotel, in a $70 million-plus deal three years ago. The site is just metres from a landmark apartment tower at 35 Spring Street which Cbus sold out off the plan and completed three years ago.

Also in the CBD, Cbus Property is close to finishing the two-tower project formally known as Collins Arch, which is also near to selling out with the final two penthouses recently released to the market.

Colliers International, led by its director of residential Brett Griffith, was appointed to the 17 Spring Street project and brokered the penthouse deal.

Construction firm Hacer Group began site works in December last year. Demolition of the existing building is down to level two. Basement piling works are due to start this month with completion expected in 2022.
 

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Premium Member
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It's amazing how strong the top end of the market is, though this one has the advantage of permanent park views.
 
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