555 Collins Street
555 Collins Street is a site located on the corner of Collins and King Street in the Melbourne CBD. Its current owner, Charter Hall has lodged a Development Application with the Minister for Planning for a new Premium Grade Office tower and has commenced demolition of Enterprise House, a 1970s office building that replaced the Second Empire Federal Coffee Palace.
555 Collins Street | |
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The Federal Coffee Palace originally stood on the site, but was controversially demolished in 1973.[1] | |
General information | |
Classification | Commercial |
Location | 555 Collins Street, Melbourne, Australia |
Owner | Charter Hall |
Design and construction | |
Developer | Charter Hall |
In October 2018 Charter Hall Group (ASX:CHC), an Australian property investment group, bought the site,[2] where they plan to build two office buildings.[3] Charter Hall also owns the adjoining 55 King Street property, which they intend to develop in combination with 555 Collins Street.[4][5]
Enterprise House, a 24-storey modernist concrete office building, replaced the Federal Coffee Palace on the site in 1973; the demolition galvanised preservationists in Melbourne.[6] By the second decade of the 21st century it had become dilapidated and was eventually vacated. Harry Stamoulis, a Melbourne developer, gained special planning permission from Victorian Planning Minister Matthew Guy for a replacement building which would cast shadow on the bank of the Yarra River.[7][8] In 2013 he proposed an office tower 82 storeys and more than 400 metres tall which would have been one of the tallest buildings in the world,[9][10] but in 2014 he sold the property to Fragrance Group, a development company controlled by Singaporean Koh Wee Meng. Fragrance Group proposed a 302-metre, 82-floor mixed-use building containing apartments, offices, and a hotel,[11] which was rejected by the new planning commissioner, Richard Wynne.[8] After unsuccessfully offering the property for sale, in 2016 they gained planning permission for a 160-metre, 47-floor apartment tower sheathed in glass, designed by Bates Smart.[7][12]
See also
References
- "Historic photo of the Federal Coffee Palace in Melbourne". Australian Broadcasting Corporation. 2 July 2014. Retrieved 16 April 2019.
- Nick Lenaghan (29 October 2018) [26 October 2018]. "Charter Hall swoops as Singaporeans exit in $140m Collins St deal". The Australian Financial Review.
- "Projects: 555 Collins Street, Melbourne VIC 3000". Urban.com.au. Retrieved 16 April 2019.
- Laurence Dragomir (7 November 2018). "555 Collins Street continues the commercial theme for 2018". Urban.com.au.
- Dinah Lewis Boucher (19 April 2019). "Charter Hall Lodges Plans for $1.5bn Collins Street Development". The Urban Developer.
- James Lesh (11 April 2016). "555 Collins Street, Melbourne". History.City (blog).
- Simon Johanson (9 June 2017) [7 June 2017]. "Enterprising Singaporean developer starts work on 555 Collins Street". The Sydney Morning Herald.
- Clay Lucas (10 April 2016). "Labor overturns decision by Matthew Guy, slashing millions off prime city site". The Age.
- John Masanauskas (23 April 2013). "One of the world's tallest building proposed for Melbourne's CBD". Herald Sun.
- John Masanauskas (24 April 2013). "Super tower would overwhelm Yarra River, Lord Mayor says". Herald Sun.
- Simon Johanson (7 October 2014). "Multi-purpose super tower planned to rise to new heights above Melbourne's Collins Street". The Sydney Morning Herald.
- Laurence Dragomir (31 May 2017). "Apartments galore set to breathe new life into the western CBD". Urban.com.au.