Melbourne’s CBD fringe office market is set to see the addition of a new tower with development approval granted for a $300 million office tower planned by Melbourne-based developer Goldfield.
Development of the 24-level office tower has been given the go-ahead by Stonnington Council, in line with the council’s vision for a “mixed-use precinct” as envisioned by the Chapel reVision Structure Plan 2013-2031.
The 627 Chapel Street South Yarra project, designed by COX Architects, will incorporate 24,000sq m of office space and include ground floor retail.
Goldfield managing director Marco Gattino said the development “heralds a new era for South Yarra” offering prospective tenants “a level of luxury reserved for five-star hotels”.
“Our unique lifestyle approach to 627 Chapel Street will create the best Melbourne CBD fringe office development and workplace offering,” he said.
“627 Chapel Street sets the scene for future-focused business and will attract progressive occupiers with progressive needs.
“The building is self-sustaining, connected, impeccably designed and integrated with personal lifestyle amenities — all key factors that will bring this building, and precinct, to life.”