The Collins Street building with a $1billion budget taps a change in thinking about the role of private and public spaces as CBDs redefine their role in a pandemic world.
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One of the world s most powerful private real estate players is planning a $1 billion-plus office tower on Melbourne s Collins Street, in a major vote of confidence for the sector s post-pandemic prospects.
In a somewhat symbolic transaction, US firm Hines has taken control of 600 Collins Street, the site once slated to become the Zaha Hadid-designed home for the country s first Mandarin Oriental hotel.
A striking design by the late Zaha Hadid was previously mooted for the 600 Collins Street site.
Hines has dumped those plans and aims instead to build a 60,000sq m premium tower, just metres from the city s busy Southern Cross station and within the fast-developing midtown section of Collins Street.