{"id":1004193378,"date":"2017-10-10T01:20:06","date_gmt":"2017-10-10T09:20:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004193378"},"modified":"2022-12-05T07:41:11","modified_gmt":"2022-12-05T15:41:11","slug":"multiplex-chosen-for-2-8b-melbourne-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/multiplex-chosen-for-2-8b-melbourne-development\/","title":{"rendered":"Multiplex Chosen for $2.8B Melbourne Development"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"Melbourne<\/a>

Melbourne Square<\/p><\/div>\n

OSK Property has appointed Multiplex, a\u00a0Brookfield company, to deliver the first stage of its iconic $2.8 billion Melbourne Square development in Melbourne, Australia.<\/p>\n

When completed, the development will be one of the largest mixed-use precincts in central Melbourne. Melbourne Square will consist of six towers ranging from 38 to 73 levels in height, with four of the towers acting as residential units and containing approximately 2,610 apartments. There\u2019s also a 621-key hotel and an approximately 520,000-square-foot commercial tower.<\/p>\n

\u201cWe are delighted to play a pivotal role in this exciting project which will see a city block revitalized to become a vibrant vertical village,\u201d Graham Cottam, Multiplex\u2019s regional managing director of Victoria, said in a company profile. \u201cMelbourne Square will further activate Southbank and deliver much-needed green open space and amenities to the precinct.\u201d<\/p>\n

Stage one, entailing a $490 million investment, comprises a pair of residential towers above an eight-level retail podium, which is set to include a supermarket, specialty stores and cafes. The 54- and 69-floor high-rise towers will provide a total of 1,043 units.<\/p>\n

The first stage also includes a terraced podium providing more than 39,000 square feet of public space, including landscaped parkland and a retail precinct at the base of the towers.<\/p>\n

Amenities in Melbourne Square will include a retail center, food and beverage precinct, child care center and extensive public parkland with cascading water features and piazzas that will be the largest in the area.<\/p>\n

The property, designed by Cox Architects, is located in the heart of Southbank and connected by Power, Kavanagh and Balston streets. The towers have a bold pleated fa\u00e7ade, maximizing light and giving the impression of a widening of the external skyline views.<\/p>\n

A busy year for Multiplex<\/h2>\n

Over the past year, Multiplex has been active in the area, completing numerous new residential projects in the Melbourne CBD including Hengyi Pacific\u2019s Light House, ICD Property\u2019s Eq.Tower and Salvo Property Group\u2019s Platinum Tower.<\/p>\n

It also has several residential projects set for completion including LK Property Group\u2019s Capital Grand, Fragrance Group\u2018s Premier Tower, Central Equity\u2019s Southbank Central and Hengyi Pacific\u2019s Swanston Central\u00a0in Carlton.<\/p>\n

Last month, Multiplex announced it would develop a $64.8 million (AUD $81 million) world-class biomedical learning and teaching<\/a> building for Australia\u2019s Monash University at its Clayton campus in Victoria. The company is also constructing a new $164.9 million (AUD $206 million) Learning and Teaching Building at the University, which will include a large underground parking facility and regional transport interchange.<\/p>\n

Construction of Melbourne Square\u2019s first stage is expected to be completed in August of 2020.<\/p>\n

Image courtesy of Multiplex<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

OSK Property selected the firm to deliver the first stage of its new Australian mixed-use project, which calls for six residential and commercial towers along an entire city block. <\/p>\n","protected":false},"author":451,"featured_media":1004193387,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,16,21752,21742],"tags":[37604,36602,37925],"class_list":["post-1004193378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-international","category-mixed-use","category-latest","tag-brookfield-multiplex","tag-melbourne","tag-osk-property"],"acf":[],"yoast_head":"\nMultiplex Chosen for $2.8B Melbourne Development - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/multiplex-chosen-for-2-8b-melbourne-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multiplex Chosen for $2.8B Melbourne Development\" \/>\n<meta property=\"og:description\" content=\"OSK Property selected the firm to deliver the first stage of its new Australian mixed-use project, which calls for six residential and commercial towers along an entire city block.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/multiplex-chosen-for-2-8b-melbourne-development\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-10T09:20:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T15:41:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Melbourne-Square.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/multiplex-chosen-for-2-8b-melbourne-development\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/multiplex-chosen-for-2-8b-melbourne-development\/\",\"name\":\"Multiplex Chosen for $2.8B Melbourne Development - 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